The Latest Breaking News from Income Tax

Next Powerball drawing takes place on Wednesday 4 October

We show how people are pulled into paying more without the government increasing the tax rate

Flex, an electronic components manufacturer, confirmed that officials from the Income Tax Department visited its premises in Chennai. The company stated that they are cooperating with the agency and providing the information sought. Flex also mentioned that they have a long history of conducting business in India in a legal…

IT dept. organised outreach programme in Khammam on new exemptions, extended due date for Form 10A till Sept. 2023. K. Sai Sankar, B. Bala Krishna and V. Koteswaramma conducted the session. Chartered accountants, IT practitioners and assessees attended the programme.

Sir Ed said the Liberal Democrat commitment – dating back to 1992 – to raise income tax by 1p to improve public services is now unsustainable.

Lib Dem leader Sir Ed Davey suggested wealthier workers already pay enough tax

The Liberal Democrats have become the first major party to adopt an early version of its manifesto for a general election expected next year.

Interest earned on certain bonds and deposit accounts are taxed like ordinary income.

High earners could benefit from conversion, but be mindful of the tax bill.