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The Latest Breaking News from Income Tax

No new change in income tax regime from April 1: Finance Ministry

The finance ministry on Monday said that no changes related to income tax rules are taking effect from April 1. Read further on Dynamite News:

Dynamite News

‘Congress culture is such that it never accepts its wrongdoings’

Union Minister Pralhad Joshi defends Income Tax notices to Congress, accusing party of looting country for 60 years.

The Hindu

Congress gets fresh I-T notice of over ₹1,745 crore, total tax demand rises to ₹3,567 crore

Congress faces mounting tax trouble with fresh notices from Income Tax department totaling ₹3,567 crore.

The Hindu

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I-T notice to Congress is warning to all political parties, says P. Chidambaram

The Income Tax department’s notice to the Congress, imposing a penalty of ₹135 crore, was a warning to all political parties, of the BJP’s intention to destroy the parties, former union minister P. Chidambaram alleged.

The Hindu

Shivakumar says he is ‘shocked’ to receive I-T notice

Karnataka Deputy CM D.K. Shivakumar receives income tax notice, accuses Centre of targeting Opposition, BJP leaders untouched.

The Hindu

Scared of defeat, BJP is slaughtering democracy, says Hibi Eden

BJP accused of slaughtering democracy by freezing Congress bank accounts ahead of elections, says MP Hibi Eden.

The Hindu

Union government trying to make Congress bankrupt: K.C. Venugopal

Income Tax notice to Congress for ₹1,823.08 crore sparks accusations of BJP stifling opposition financially before elections.

The Hindu

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Madhya Pradesh student files police complaint after getting ₹46-crore income tax notice

College student in Gwalior files complaint after ₹46 crore transactions from bank account, PAN card misused.

The Hindu

Congress to stage nationwide protest tomorrow against Income Tax notices

Congress will stage a nationwide protest on Saturday against notices from the income-tax department, asking it to pay Rs 1,823 crore. Read further on Dynamite News:

Dynamite News

BJP must be asked to pay Rs4,600Cr penalty: Congress accuses IT Dept of double standards

"While the BJP was given exemption under the guise of IT rules the Department on the other hand was harassing the Congress party under the same rule," the Congress said. Read further on Dynamite News:

Dynamite News

No surplus in sight as New Zealand outlook worsens

New Zealand Finance Minister Nicola Willis has pledged to deliver income tax cuts in the May 30 budget even as the government books worsen.

AAP

Kentucky Senate passes revenue bill with no major tax changes

Lawmakers in each chamber of the Kentucky General Assembly continue their meetings to hammer out a final budget. The mechanism for paying for items in the two-year spending plan got little fanfare in the Senate Monday.

WEKU

BJP accused of misusing central investigating agencies ahead of Lok Sabha elections

Hyderabad TPCC leader accuses BJP of biased electoral environment, urges Election Commission to prevent agency raids pre-election.

The Hindu

Why Your Tax Refund Could Be Higher This Year

The average tax refund amount is higher this year than last filing season. How does yours compare?

Kiplinger

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The Hindu

Just 3-4 of Congress’ bank accounts have been attached, ‘not frozen’: BJP

The Congress has multiple bank accounts and just three-four of them have been attached, “not frozen”, for non-payment of tax dues, the BJP said

The Hindu

I-T concludes search operations at premises of Bengal minister's brother

Income Tax department conducts search operations at Kolkata premises of West Bengal minister's brother, accused of tax evasion.

The Hindu

I-T dept searches premises linked to AAP's Delhi MLA Gulab Yadav, others in tax evasion case

The Income Tax department on March 23 conducted searches against AAP MLA Gulab Singh Yadav and some others in Delhi as part of a tax evasion investigation, official sources said.

The Hindu

Delhi High Court rejects Congress’s plea against tax reassessment

The Delhi HC rejected its pleas challenging the reassessment proceedings initiated against it by the Income Tax department.

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The Hindu

Telangana govt. should stop footing income tax of select VIPs: Forum for Good Governance

Forum for Good Governance urges Chief Secretary to end income tax payment for select government officials, citing inequality and burden.

Al Jazeera

Congress party accuses government of account freezing before India election

Party says Modi government has ‘crippled’ it before upcoming election by freezing bank accounts in an income tax case.

The Hindu

I-T officials search premises of TMC Minister's brother Swarup Biswas for second day

Income Tax raids at TMC leader Swarup Biswas' premises in Kolkata for alleged tax evasion and disproportionate assets.

The Hindu

I-T Department deploys 100 officers in Uttarakhand to curb black money

Ahead of the Lok Sabha elections, the Income Tax Department has deployed a team of 100 Income Tax officers and employees in the five Lok Sabha seats of Uttarakhand to curb black money and unaccounted cash.

Latin Times

Understanding IRS Direct File: Who Could Benefit This Tax Season?

With tax season well underway, learn about this pilot free online tax-prep tool that will allow you to file your federal income tax returns for free

The Hindu

IT dept. sets up control room to curb black money during polls

Kochi Income Tax sets up control room during Lok Sabha election to monitor unaccounted money movement, contact details provided.

The Hindu

Elaborate arrangements in place for curbing the menace of ‘black money’ in Lok Sabha elections in Punjab, Haryana, Himachal

Income Tax Department increases surveillance to curb black money in upcoming elections across Punjab, Haryana, and Himachal Pradesh.

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