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The Latest Breaking News from the Income Tax Department

SC declines to intervene in Karnataka High Court’s interim stay of CBI proceedings against D.K. Shivakumar

In 2017, the Income Tax Department raided D.K. Shivakumar, on the basis of which, the Enforcement Directorate (ED) started its probe against him. Following the ED investigation, the CBI later sought sanction from the State government to file an First Information Report against him

Taxpayers urged not to claim fraudulent returns, file revisions in case of wrong claims made

Taxpayers urged not to claim fraudulent returns, file revisions in case of wrong claims made

People found indulging in tax malpractice can face penalty up to 200% of disputed amount apart from imprisonment, says Principal Chief Commissioner of Income Tax (Andhra Pradesh and Telangana) Mitali Madhusmita

Morning Digest | Balasore train accident could have been averted by running checks, says CRS report; India lifts SAFF Championships title for record 9th time, and more

Morning Digest | Balasore train accident could have been averted by running checks, says CRS report; India lifts SAFF Championships title for record 9th time, and more

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Centre for Policy Research loses tax exemption status

The Income Tax Department has cancelled the tax exemption status of the Centre for Policy Research

Power games: the anatomy of an arrest

Minister V. Senthilbalaji was questioned for 18 hours by the ED and when he complained of chest pain, was initially admitted to the Tamil Nadu Government Multi Super Speciality Hospital at Omandurar Government Estate in Chennai. He was later shifted to a private hospital in Chennai

No Income Tax searches at my home, says Tamil Nadu Minister Senthilbalaji

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

Income Tax Dept enables online filing of Income Tax Returns 1, 4

The Income Tax department has enabled online filing of Income Tax Returns (ITRs) 1 and 4, filed by individuals, professionals and small businesses, for 2022-23 fiscal

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DN Exclusive: Income tax raids continue for 3rd day on Gallantt Group; hawala connection busted, many bureaucrats' black money invested

DN Exclusive: Income tax raids continue for 3rd day on Gallantt Group; hawala connection busted, many bureaucrats' black money invested

Tax evasion of more than Rs 500 crore has been detected by the officials of the Income Tax Department in the raids going on for three days on the Gallantt Group involved in real estate and steel business in several states of the country. It is estimated that this figure…

Countrywide Income Tax raids on Gallantt Ispat Limited of Gorakhpur; troubles escalate for MD Chandra Prakash Agarwal

Countrywide Income Tax raids on Gallantt Ispat Limited of Gorakhpur; troubles escalate for MD Chandra Prakash Agarwal

Several Income Tax teams on Wednesday raided at various locations of Gallantt Ispat Limited in UP, Gujarat, Delhi and West Bengal over alleged massive tax evasion. Read further on Dynamite News:

Karnataka: Income Tax raid at Ankita builders’ houses in Hubballi

Karnataka: Income Tax raid at Ankita builders’ houses in Hubballi

The Income Tax Department on Tuesday conducted raids at the office of private real estate developer Ankita Builders and its owner Narayan Acharya's residence in Karnataka's Hubballi. Read further on Dynamite News:

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