The finance ministry on Sunday said over three crore income tax returns have been filed for the financial year 2020-21 so far and advised taxpayers who are yet to file their return to do so at the ear...

The Income Tax Department on Wednesday said it has issued refunds of over Rs 1.23 lakh crore so far this fiscal year. This includes 75.75 lakh refunds of Assessment Year (AY) 2021-22 amounting to Rs ...

The government is mulling changes in the income tax laws to bring cryptocurrencies under the tax net, with some changes that could form part of the budget next year, a top official said.  Revenu...

The Income Tax Department has frozen deposits worth over Rs 53 crore of an urban credit cooperative bank in Maharashtra after it found "glaring irregularities" in the opening of accounts in ...

The Centre has sought suggestions on possible changes in direct and indirect taxes from trade and industry bodies with the objective of broadening the tax base, while reducing the rates in the next bu...

The Income Tax Department has detected unaccounted income of over Rs 200 crore after it recently raided people engaged in dry fruits trade located in Jammu and Kashmir and Punjab, the Central Board of...

High-value financial transactions and additional information like foreign remittances, off market transactions, information about purchase of mutual funds among others would be reflected in the Form 2...

The government has sought applications for a total of 20 positions of judicial and technical members at the National Company Law Tribunal (NCLT) as well as the appellate tribunal NCLAT.  &nb...

Grasim Industries Ltd on Friday said the income tax department has raised a demand of Rs 8,334 crore on the company as capital gains tax with regard to the sale of shares in a group firm. The Aditya ...

The Central Board of Direct Taxes (CBDT) has extended the safe harbour rules to assessment year 2021-22 but the rates will be kept unchanged. Safe harbour relates to circumstances where the tax autho...