The company had last week reported, in a regulatory filing, a seven per cent increase in its consolidated net profit at Rs 808 crore in the third quarter...

Once a PAN becomes inoperative, an individual shall be liable to all consequences under Income Tax Act: CBDT...

A circular issued by CBDT said once a PAN becomes inoperative, an individual shall be liable to all consequences under I-T Act, will have to suffer a number of implications...

The time limit of 30 days made available to the assessing officers stands reduced to 21 days...

The department has charged the businessman with 'wilful' evasion, saying he 'intentionally' did not disclose his foreign bank account details...

I-T, which also conducted 'searches' on the Delhi premises of the Centre for Policy Research, a think tank, has not yet revealed the reason for raids...

The saffron party leaders rose in protest against the repeated use of the word 'jamaai' (sons in-law) inside Bihar assembly...

The team received an input from ED in Calcutta that the person was in Bhandara Park allegedly to hide unaccounted money...

The Central Board of Direct Taxes has amended tax Rules providing relief to taxpayers in claiming Foreign Tax Credit ...

According to income tax department, it indicates that a simplified tax regime with low rates is yielding results ...