Income Tax

IT officials seize 'key documents' from Revanth Reddy's house

Income Tax officials on Friday seized some key documents from the residences and offices of Telangana Congress Working President A Revanth Reddy and his close relatives.

Sep 28, 2018, 18:20 PM IST

Interest payable on rupee bonds issued abroad by Indian cos exempt from income tax

The interest would be exempt on rupee denominated bond issued outside India during the period from September 17, 2018, to March 31, 2019.

Sep 18, 2018, 10:53 AM IST

SC slams IT department, says apex court is not a 'picnic place'

The IT department apparently made a misleading statement about the pendency of an appeal.

Sep 02, 2018, 17:10 PM IST

71 per cent surge in ITRs filed till August; tax filers jump 8-fold

The total number of ITRs e-filed up to August, 2018, was 5.42 crore as against 3.17 crore up to August 31, 2017

Sep 02, 2018, 08:21 AM IST

Income Tax returns deadline extended to September 15 for flood-hit Kerala

Income Tax assessees in Kerala can now file their I-T returns till September 15.

Aug 28, 2018, 21:20 PM IST

Income Tax tribunal gives major tax relief to Saif Ali Khan

The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has granted relief to Bollywood actor Saif Ali Khan from paying taxes on notional rental income from a vacant apartment in the megapolis.

Aug 28, 2018, 17:20 PM IST

No relief for Rahul Gandhi in National Herald case, says Delhi HC

Rahul Gandhi and his mother Sonia Gandhi are major stakeholders in Young India which has acquired Associated Journals Limited (AJL). National Herald newspaper was published by AJL.

Aug 08, 2018, 16:59 PM IST

Govt extends due date for filing ITR by one month till August 31

The decision comes days ahead of the July 31 deadline.

Jul 26, 2018, 18:18 PM IST

MS Dhoni becomes biggest income tax payer in Jharkhand

Former Indian cricket team captain Mahendra Singh Dhoni has become the biggest income tax payer in Jharkhand, by paying income tax of Rs 12.17 crore in financial year 2017-18. According to a report in Prabhat Khabar, the firebrand cricketer has also deposited Rs 3 crore as advance tax for the next financial year.

Jul 24, 2018, 09:01 AM IST

Income Tax returns of 50 rich Indians, who bought Nirav Modi jewellery, to be re-assessed

The Income Tax Department has decided to re-assess the ITRs of over 50 high net-worth individuals who purchased costly jewellery from firms owned by absconding diamantaire Nirav Modi.

Jul 14, 2018, 16:39 PM IST

Cash, cars and properties worth crores: IT raids on Noida Authority engineer reveals riches galore

Documents of as many as 22 properties belonging to Brijpal Yadav were discovered - apart from cash, jewelleries and cars.

Jun 09, 2018, 14:54 PM IST

Taxpayers receiving pension from ex employers eligible for Rs 40,000 standard deduction

Rs 40,000 standard deduction for salaried employees and pensioners was introduced in lieu of the exemption in respect of transport and medical expenses.

Apr 06, 2018, 13:13 PM IST

New ITR forms for 2018-19 notified by CBDT, some fields 'rationalised'

The policy-making body of the tax department said on Thursday that some fields have been "rationalised" in the latest ITRs forms.

Apr 05, 2018, 23:36 PM IST

Last day to file IT return today: Here’s what you need on your checklist

With the fiscal year closing on Saturday - March 31, 2018, various tax related matters have to be completed by the end of the day. This is the last day of the current fiscal year, and if you have not completed important tax-related tasks, now is the time to do it.

Mar 31, 2018, 10:55 AM IST