The Latest Breaking News from Income Tax

PM said to be keen on reviving his Tory leadership pledge to bring down income tax rate

Thousands of renters are missing out on €1,000 as only 22,000 people have claimed the rent tax credit this year

Low-tax states, including states with no capital gains tax, are selling points for many people.

The Director of Income Tax (investigation) Sivasankaran on Sunday, May 28, said the attack on I-T Department officials, allegedly by the DMK workers and the supporters of Minister for Electricity, Excise and Prohibition V. Senthilbalaji in Karur two days ago, was “deliberate”. The I-T Department officials would not be scared…

The Income Tax department has come out with guidelines for selection of cases for scrutiny, under which cases wherein assessees have not responded to I-T notices will be picked up for compulsory examination

Four senior I-T officials, including Inspector of Income Tax Gayathiri, were admitted to the Government Medical College Hospital in Karur.

Tamil Nadu Minister for Electricity and Prohibition V. Senthilbalaji said on Friday that the Income Tax Department had not conducted any search at his house. The houses and premises of his friends and relatives were searched, and they would extend cooperation to officials, he said

Tamil Nadu BJP president K. Annamalai condemned the threatening of Income Tax officials and attack on their vehicles by DMK cadres when the officials had come to search premises premised linked to Tamil Nadu Minister for Electricity, Excise and Prohibition V. Senthilbalaji on Friday.

The DMK in Tamil Nadu alleged the BJP is using central agencies such as the Income Tax department to “avenge” opposition parties, after the premises of people close to TN Minister Senthil Balaji were raided