Nick Hanauer, critic of income inequality, calls proposed Washington wealth tax ‘impractical’
Hanauer’s criticism is notable given his support of the capital gains tax, which taxes profits over $262,000 made from the ...
Income Tax department recalls 'defective' notices sent to taxpayers
Verify notices: Taxpayers should log in to the Income Tax e-filing portal to confirm whether a defective notice still stands ...
Rajasthan: Income tax raid in Jaipur seizes Rs 9.65 Crore, 12.61 kg of gold, silver and cryptocurrency account
The raid in Jaipur and the discovery of the cryptocurrency account mark a pivotal moment in the Income Tax Department’s ...
Income Tax department recovers 52 kg gold, over ₹11 crore cash from Gwalior man’s abandoned SUV in Bhopal
The Income Tax department and police seized 52 kg of gold worth ₹40 crore and ₹11 crore in cash from an unclaimed SUV in ...
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₹70 lakh seized in Patna during vehicle checking, Income Tax Department informed
In a major cash recovery, authorities in Patna seized ₹70 lakh from a car during a routine checking drive. The operation, ...
ITR filing: Last 1 week to go before these income tax deadlines expire on Dec 31
There are a few income tax deadlines that are set to expire on Dec 31. These include filing of belated return, Vivad Se ...
Govt considering flexibility for SEZ services sector units in tax exemption
In a move that could make it easier for eligible service sector units in SEZs, including IT/ITeS, to claim  income tax ...
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The Last Date To File Income Tax Returns Is...Read More
The Income Tax Department UP & West announced the last date for filing of declaration under Vivad Se Vishwas Scheme. The ...
Chief Commissioner of Income Tax visits Salem I-T office
Chief Commissioner of Income Tax Department visits Salem office, inspects ASK centre, directs prompt resolution of public grievances.
India's lavish weddings under taxman’s scrutiny: IT department investigates Rs 7,500 crore of unaccounted cash
The Income Tax Department is investigating around 20 wedding planners in Jaipur for suspected tax evasion of approximately ₹7500 crore. The investigation focuses on cash transactions and the use of ...
GST dept identifies 30 B2C sectors to track tax evasion
Ahmedabad: In a bid to expand and strengthen the tax net, the state GST department has identified 30 business-to-consumer (B2C) sectors to track tax e.