income tax

IT dept raids uncover ₹800 Cr Dubai investments, hawala links

Income Tax Department conducted extensive raids on the KCI Emporium Group of Kashmir.

6.68% of Indians filed ITRs in FY 2023-24, slight rise from last year

6.68% of the population filed ITRs for the financial year 2023-24, according to Minister of State for Finance, Pankaj Chaudhary

Budget 2024: Boost for Tourism in Bihar, Odisha

NEW DELHI: Finance Minister Nirmala Sitharaman, in her Budget 2024 speech on Tuesday, unveiled a series of initiatives aimed at enhancing tourism in India, positioning the country as a premier global tourist destination. Emphasizing the historical and cultural significance of tourism, Sitharaman outlined several projects to develop key tourist sites in Bihar and Odisha. The Budget […]

Union Budget 2024: minor tweaks for middle class, major relief elusive

This adjustment is set to save salaried employees an additional ₹17,500 annually in income tax.

IT raids uncover over Rs 295 cr in cash linked to Congress MP Dheeraj Sahu

Income Tax Department sources have disclosed that the ongoing raids on properties associated with Congress MP Dheeraj Sahu have revealed a cash sum exceeding Rs. 295 crore.

IT ‘survey’ at BBC office enters third day

Income tax raid at BBC offices in New Delhi and Mumbai continues for a third day

Ex-BSP MLA’s Company Surrenders ₹100 Cr Of Undeclared Income

HMA Group, a prominent meat exporter, disclosed ₹100 crore of undeclared income after an income-tax raid that lasted several days. The firm is owned by the former BSP MLA from Agra, Zulfiqar Ahmed Bhutto.

Absolutely Atrocious: Congress On I-T Searches On CPR, Oxfam

Congress came down heavily on the Income-Tax Department searches at the Delhi offices of independent think tank Centre for Policy Research (CPR), the Indian branch of global NGO Oxfam along with a media foundation Independent and Public-Spirited Media Foundation (IPSMF) on Wednesday. Reacting to the searches, Congress general secretary Jairam Ramesh said, “It’s absolutely atrocious […]

₹390 Cr Haul: Major IT Dept Raid In Maharashtra’s Jalna

NEW DELHI: In a major haul, the Income Tax Department has seized assets to the tune of ₹390 crore, including cash amounting to ₹56 crore, from Maharashtra’s Jalna. According to IT Department sources, the tax authorities carried out raids on a steel manufacturer, a cloth merchant, and a land developer in Jalna from August 1 […]

IT Dept Searches Premises Linked To Transporter Rintu Singh

RAIPUR: The Income Tax Department carried out searches at several premises linked to Rintu Singh, who runs a transport company named Jai Ambe transports. According to IT department sources related to development, the searches at premises of Singh started in the morning. The source said that the IT department sleuths took the assistance of the […]