Sitharaman says "numbers speak for themselves" as Indians increasingly opting new tax regime

Aug 21, 2024

In the Budget for 2020-21, the government, in order to provide relief to individual taxpayers and to simplify the income-tax law, had proposed to...

Mumbai: Income tax raids underway at offices of producer Vinod Bhanushali, other production houses

Apr 20, 2023

The income tax raids are underway at multiple production houses in Mumbai, including the office of producer Vinod Bhanushali and the house of Jayantilal...

Two-thirds taxpayers likely to shift to new regime in 2023-24 itself: CBDT chief

Feb 03, 2023

The income tax rebate limit available for salaried and individual taxpayers under the new income tax regime has been hiked to Rs 7 lakh...

I-T to follow normal course of action to recover 'tax dues' from Congress: Sources

Feb 16, 2024

The Income Tax department will follow the normal course of action against tax recovery in the case of the Congress, sources said after party...

Over seven crore Income Tax Returns submitted on last filing day

Jul 31, 2024

The Income Tax Department of the Government of India on Wednesday informed that over seven crore Income Tax Returns (ITRs) were filed on July...

4.86 crore IT returns filed for AY 2021-22 till Dec 28

Dec 29, 2021

New Delhi [India], December 29 : Over 4.86 crore Income Tax Returns (ITRs) have been filed for the Assessment Year 2021-22 till December 28,...