Taxpayers took to Twitter to plead for the extension of the deadline to file income tax returns for fiscal 2019-20 (assessment year 2020-21) from December 31 by three months citing Covid-19 and system...

Cash-strapped Vodafone Idea secured a significant relief on Wednesday when the Supreme Court dismissed a petition filed by the income tax department and asked it to refund Rs 833 crore to the operator...

The income tax department and the Enforcement Directorate on Monday morning conducted raids in Jaipur as Rajasthan chief minister Ashok Gehlot was getting ready for a show of strength at his residence...

The income tax department has amended the TDS form, making it more comprehensive and mandating deductors to state reasons for non-deduction of tax. According to the amended form, banks will also have...

The income tax department has brought in changes to the challan for payment of equalisation levy — ITNS 285 — expanding its scope to include non-resident e-commerce companies supplying goo...

The income tax department has jumped the gun by reorganising its human resources for faceless tax assessment before the process has fully taken off. This has created a skewed distribution of workload ...

The Income Tax (I-T) department on Thursday conducted raids at premises linked to former deputy chief minister of Karnataka G. Parameshwara and others in connection with a multi-crore tax evasion case...

Ratul Puri, Madhya Pradesh chief minister Kamal Nath's nephew, has been arrested by the ED in a new case of money laundering. The allegations against him link to an alleged Rs 354-crore bank loan...

The Central Board of Direct Taxes has rung alarm bells and has asked the Income Tax Department to go for a major assault as the direct tax collection target remains short of about 15 per cent, with th...

Actor Shah Rukh Khan has been absolved of the charge of being a beneficiary of a benami property at the beach town of Alibaug in Maharashtra as an appellate authority under the law has “revoked” t...