Taxpayers who contested assessment by the income tax department and appealed against it before appropriate authorities are likely to get a chance to settle the dispute. D.S. Benupani, principal commis...

The income tax department’s searches on Bharat Hotels Group, which runs a chain of luxury units under the Lalit Hotels brand, have led to the detection of “undisclosed” foreign assets of over R...

The income-tax department has barred directors as well as those who have invested in unlisted companies from filing ITR forms Sahaj and Sugam in a bid to clamp down on shell companies and to check rou...

The Centre on Wednesday sought to downplay the probe initiated by the US on a tax imposed by India on online players — the so called Google tax — saying it was not a cause of aggression as Washin...

The income tax department has so far mopped up over half the targeted direct tax revenue for this fiscal — at more than Rs 6.63 lakh crore.The department has till now (updated till November 15) made...

Former Team India skipper Mahendra Singh Dhoni was conspicuous by his absence when the income tax department called out his name on Friday to felicitate him as the highest individual taxpayer in the s...

Searches in multiple premises spread across southern states in firms and trusts founded by self-proclaimed godman 'Kalki' Bhagwan has led to detection of undisclosed income of more than Rs 500 crore, ...

R. Venkataramanan, the managing trustee of Tata Trusts, will resign from the philanthropic organisation with effect from March 31.In another significant development, Noel Tata — half brother of Rata...

The income tax department has issued a notice to the Congress seeking an explanation over the party allegedly receiving funds to the tune of Rs 170 crore from a Hyderabad-based firm as part of its tax...

The Income Tax Department launched pre-dawn searches Sunday on at least 50 locations in Delhi and Madhya Pradesh against people linked to state chief minister Kamal Nath on charges of alleged tax evas...