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The Latest Breaking News from Income Tax

Income Tax Department officer duped of ₹48.9K in online reward points fraud

A 48-year-old IRS officer with the Income Tax Department lost ₹48,902 to an online reward points fraud.

The Hindu

No data loss due to fire at CR building: I-T dept

Income tax department confirms no data loss in fire at CR Building, ITO; mourns loss of official.

The Hindu

Marithibbe Gowda declares personal assets worth ₹4.28 crore

Marithibbe Gowda, a four-time MLC seeking re-election, declares assets worth ₹4.28 crore, with no income tax returns filed.

The Hindu

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Delhi: One dead after fire breaks out at CR building in ITO

One person has been killed after a fire broke out on the third floor of the Central Revenue Building located at the Income Tax Office (ITO) area in the national capital on Tuesday. Read further on Dynamite News:

Dynamite News

Brace for Big Tax Hikes in 2026 Unless Congress Acts

The Tax Cuts and Jobs Act expires at the end of 2025, with a high price tag for most Americans.

Reason

File By May 17 for $1 Billion in Unclaimed IRS Tax Refunds

Unclaimed tax refunds from years ago are waiting for millions who might not know it. Are you one of them?

Kiplinger

Florida ranks last in teacher pay across U.S.; DeSantis administration calls report 'bogus'

The state's Department of Education claims the report does not consider "cost of living and state income tax"

Latin Times

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CBI arrests income tax official for accepting bribe of Rs 4 lakh in Mumbai

The Central Bureau of Investigation (CBI) has arrested an income tax officer for allegedly accepting a bribe of Rs 4 lakh from an individual in Mumbai, an official release said on Saturday. Read further on Dynamite News:

Dynamite News

Biden's Plans to Impose an Income Tax on Death

The president has proposed a new taxing regime that would make death an income tax realization event for wealthy decedents.

Kiplinger

Seizure of ₹1 crore: ‘Money was taken to bank on direction of I-T department’, says CPI(M) Thrissur district secretary

Seizure of ₹1 crore: ‘Money was taken to bank on direction of I-T department’, says CPI(M) Thrissur district secretary M.M. Varghese

The Hindu

Why do so many F1 stars live in Monaco?

Sponsored by Monaco is considered home for almost half of the 20 drivers on the current F1 grid as well as Mercedes team boss Toto Wolff but there are more reasons than just the huge tax-free benefits that draw them there. One of the world's smallest nations, Monaco has a…

Motorsport

London and South-East hit with record £100billion income tax grab as changes bite

EXCLUSIVE: Londoners paid £59.3billion to the Treasury annually and South-East residents £41.4 billion, according to HMRC figures

Evening Standard

Georgia Has a New 2024 Income Tax Rate

Georgians now have a tax package containing income tax cuts, childcare relief, and potential property tax caps.

Kiplinger

Nine Lessons to Be Learned From the Hilton Family Trust Contest

Disclaimers, good communication, post-marital agreements and more could help avoid conflict in a family after the owners of a wealthy estate pass away.

Kiplinger

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Reason

This Tax Week, Remember That the Federal Income Tax Is Relatively New

There are many pervasive myths about the U.S. tax code. Here are a few.

The Hindu

Sitaram Yechury interview | ‘Why is ED not using PMLA in open-and-shut electoral bonds cases?’

Sitaram Yechury campaigns for Left candidate in Kannur, discusses BJP narrative and CPI(M) prospects in elections.

The Hindu

Excise Department raid leads to huge cash find in Dharwad

Excise Department raid in Dharwad uncovers crores in cash stored illegally, prompting investigation by Income Tax Department.

Top News

President Biden And First Lady's Tax Returns Released

President Biden and first lady Jill Biden release 2023 tax returns, showing income, taxes paid, and charitable contributions.

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The Hindu

Yechury writes to EC objecting to I-T notice to Thrissur committee of CPI(M)

Communist Party of India (Marxist) [CPI(M)] general secretary Sitaram Yechury has written to Chief Election Commissioner Rajiv Kumar stating that the income tax notice served on the bank account of the party’s Thrissur district committee when the election process has begun is “violative” of a level playing field.

Kiplinger

Tax Day: Is the Post Office Open Late on April 15? What to Know for 2026

Tax Day means some people need to mail their federal income tax returns.

The Hindu

IT raid on Bidar DCC Bank is politically motivated: Eshwar Khandre

A day after Income Tax Department Officials raided the Bidar District Central Cooperative (DCC) bank, headed by Forest Minister Eshwar Khandre’s brother Amar Khandre in Bidar, the Minister alleged that the raid was “politically motivated”.

The Hindu

₹1 crore seized from panchayat president’s house near Tiruchi

The district election officials have seized ₹1 crore from the house of a panchayat president on Friday night and intimated the Income Tax department about the same

Reason

Poll: Americans Don't Think All This Government Is Worth What We Pay for It

The situation is more dire when you consider how much federal spending is financed by debt.

WEKU

Five things to know as the tax deadline looms

April 15th, the deadline to file your income taxes, is just around the corner. Filings so far this year are on track with last year's, while the average refund is slightly larger.

Kiplinger

Revocable Trusts: The Most Common Trusts in Estate Planning

Revocable trusts allow the trust maker complete control over the assets and can be quite efficient when it comes to capital gains and income taxes.

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