The Latest Breaking News from Income Tax

The Income Tax (IT) Department’s raids continued for a second day on Thursday at various locations linked to the Samajwadi Party (SP) leader Azam Khan in connection with Ali Jauhar Trust. Their is no official word from the IT Department but it is believed the raids are linked to the…

The Income Tax (IT) department also raided JD(U) MLC Radha Charan Seth's house on Wednesday morning.

Telugu Desam Party (TDP) national president N. Chandrababu Naidu owes an explanation to the people on the notices reportedly issued to him by the Income Tax Department, says YSR Congress Party (YSRCP) leader Dokka Manikya Vara Prasad.

The Labour leader said he would avoid hikes ‘across the board’, having previously ruled out a wealth tax on the richest in society.

SCOTTISH Labour have a “presumption against any increases in income tax”, Anas Sarwar has said.

Income Tax (Chennai) edged past Indian Army (New Delhi) 75-71 in the 57th PSG Trophy all-India basketball tournament for men. Indian Bank (Chennai) won 3rd place, beating Indian Navy (Lonavala) 79-72. Income Tax's Arvind Muthukrishnan & Aravind Annadurai shone, while Indian Army's Y.P. Abhishek, Siva Saktivel & Sahil fought hard.…

The National Party’s newly released tax package makes a clear and politically prudent play for the middle-income vote. Proposing to alleviate the financial pain of this “squeezed middle”, it may be key to determining who forms the next government.

A group of crossbench parliamentarians have revived the idea of increasing the rate of the goods and services tax from 10% or removing exemptions on food, education and health purchases.

If you earn a lot of money, you may want to avoid these most expensive states for millionaires. Some high earners in these areas could pay income tax rates greater than 50%.