The Latest Breaking News from Income Tax

Minister for Public Works, Highways, and Minor Ports E.V. Velu late on Tuesday said the Dravida Munnetra Kazhagam (DMK) would not be intimidated by tactics such as Income Tax (I-T) searches and would win all 40 Lok Sabha seats in Tamil Nadu and Puducherry in the next Lok Sabha election

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.

Income Tax raids continued for the fourth consecutive day in the premises linked to Tamil Nadu, Public Works and Highways Department Minister EV Velu at Tiruvannamalai.

With a short time left before 2024 comes to a close, year-end tax planning is all-important. Here are some areas to focus on.

Party leader Pawan Khera alleged that these agencies are given “targets” to scare Opposition leaders

The Income Tax Department conducted searches in various locations in the Karur district of Tamil Nadu.

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

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.