The Latest Breaking News from Income Tax

On Nov 7, 2023, I-T Dept. conducted a search at the house of a businessman in Tiruchi, reportedly associated with TN Minister for Public Works, E.V. Velu. Accompanied by CRPF, a team of 10 officials arrived at Manapparai Swaminathan's house in Anna Nagar. Searches were also conducted in Tiruvannamalai, Karur,…

A clip purportedly showing Devendra Pratap Singh Tomar, son of Union Minister and BJP candidate from Dimani Assembly seat Narendra Singh Tomar, discussing “transactions worth crores of rupees” in a video call went viral in poll-bound Madhya Pradesh, leading to strong criticism from the Opposition Congress party.

Relatively high tax burdens make these places the worst states to retire in 2025.

Judges have described it as “gibberish”, “obvious nonsense”, “largely incoherent, if not incomprehensible” and “gobbledygook”.

Federal revenues dropped by nearly $600 billion from 2022 to 2023 after growing from 2020 to 2022.

Series I bonds are a popular investment that can help you save on taxes, but the federal income tax consequences can be complex.

The Election Commission of India has set up a 24x7 control room in Hyderabad to monitor the seizures and to address grievances. Enforcement of poll code disrupts businesses in Telangana; ₹340.11 crore seized incl. gold, cash, liquor.

Australia should consider revenue raising options that are less vulnerable to an ageing population than income tax, the OECD says.

ED probes money laundering angle in alleged Custom Rice Milling Scam in Chhattisgarh, claims ₹175 crore bribes generated for 'higher powers'. Ex-MD of MARKFED and office-bearer of local rice millers' association accused of increasing special incentive from ₹40 to ₹120 per quintal, collecting kickbacks of ₹175 Crore. ED conducted search…