The Latest Breaking News from Income Tax

MUMBAI: The Bombay High Court has held that the income received by a woman whose plot in Thane was acquired by the National High Speed Rail Corporation for the Mumbai-Ahmedabad bullet train project through private negotiations and sale deed is exempted from income tax. “The corporation had already deducted the…

The National Hi-Speed Rail Corporation Limited had acquired a land at Bhiwandi in Thane for bullet train project

If you use a tax adviser to complete your income tax return you’re not alone. Australians use tax advisers more than any other nation apart from Italy.

U.S. Sen. Rick Scott on Thursday released a revised version of his plan to “Rescue America,” backing down from his proposal that would require all Americans to pay “some income tax,” an ambiguous statement that suggested imposing new taxes on millions of people currently making too little money or seniors…

MUMBAI: Several companies, including builders, are turning to dubious consultants to generate unaccounted cash by creating fake bills that provide input tax credit against payment of Goods and Services Tax (GST). These entities have now come under the scanner of the Central GST (CGST) department and income tax authorities for…

Many users complained of issues while accessing the I-T portal and reported that it was hacked on June 7

HYDERABAD: Congress legislature party leader Bhatti Vikramarka on Saturday demanded that Prime Minister Narendra Modi and union home minister Amit Shah should ensure that the opposition parties and its leaders are not harassed unnecessarily by the central investigative agencies like the enforcement directorate, central bureau of investigation and income tax.

WHAT do you do if you make a mistake? Apologise? Try to make amends?

Bengaluru

Digging into yesterday's Spending Review documents reveals the extent of upheaval during the next few years

MUMBAI: Directorate General of Income Tax (Investigation), Mumbai, 1987 batch IRS officer M V Bhanumathi, retired on Tuesday after her over 17-months packed successful tenure that witnessed searching at the premises of senior politicians kin in Maharashtra and controversial raids on film personalities.