income tax department

The Income Tax Department is conducting raids in connection with false deductions of political donations. This action comes after the Department found several bogus bills claimed by several intermediaries under …

A file image of Karnataka Congress MLA Vijayanada Kashappanavar. | Photo Credit: MURALI KUMAR K BJP has prepared a list of 55 Congress MLAs to target through Enforcement Directorate and …

The Income Tax Department has released the Excel utilities for ITR-2 and ITR-3 for Assessment Year 2025-26. Thus enabling taxpayers with capital gains, crypto earnings, foreign assets along with business …

In India, it is common practice to have all assets and investments, and even bank accounts, in joint names with a spouse or child. This makes it convenient to transfer …

Months ahead of the 15 September 2025 deadline for filing income tax returns for FY 2024–25, the Income Tax Department has launched a support service called ‘TAXASSIST’ to help taxpayers …

The Income Tax Department (ITD) has sent a communication to thousands of individuals who have undertaken cryptocurrency transactions but failed to reflect this income in their returns, official sources said …

New Delhi: In a significant move aimed at enhancing citizen-centric governance and ease of doing business through better grievance redressal, the government has brought both the income tax department and …

NEW DELHI : Income tax return (ITR) forms of charitable trusts and research institutions that have wrongfully claimed tax exemptions, as well as entities and individuals that have had repeated …

The income tax department has been tracking individuals who failed to comply with these TDS rules. Taxpayers who claimed HRA exemption while paying rent above ₹50,000 received SMS and email …