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Income Tax Department

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Govt confident of surpassing FY25 direct tax collection target: CBDT chief

Govt confident of surpassing FY25 direct tax collection target: CBDT chief

CBDT chairman Ravi Agarwal expressed confidence in exceeding the Rs 22.07 lakh crore direct tax collection target for FY25, citing strong growth in corporate and non-corporate tax revenues. He also urged taxpayers to disclose foreign assets before the December deadline

18 November,2024 02:43 PM IST | New Delhi
Jharkhand CM Hemant Soren’s aide raided by I-T ahead of polls

Jharkhand CM Hemant Soren’s aide raided by I-T ahead of polls

A total of nine premises in the state’s capital Ranchi and Jamshedpur are being raided in an operation that started early morning. A security team of the CRPF is assisting the I-T sleuths

10 November,2024 07:54 AM IST | Ranchi | Agencies
Five held after Mumbai Police seize Rs 1.32 crore in cash in Bhuleshwar market

Five held after Mumbai Police seize Rs 1.32 crore in cash in Bhuleshwar market

After questioning the suspects about the origins of the cash, the entire amount was seized and placed under safe custody at the police station

27 October,2024 03:13 PM IST | Mumbai | Apoorva Agashe
Law enforcement agents seize goods worth Rs 52 crore in 24 hours ahead of polls

Law enforcement agents seize goods worth Rs 52 crore in 24 hours ahead of polls

Since the announcement of the Maharashtra assembly elections on October 15, 19 law enforcement agencies have confiscated goods worth Rs 90.74 crore across the state,

25 October,2024 12:50 PM IST | Mumbai | mid-day online correspondent
CBDT extends deadline for filing audit reports of FY24 to October 7

CBDT extends deadline for filing audit reports of FY24 to October 7

According to a circular (No. 10/2024, reference 225/205/2024-ITA-II) issued by the Central Board of Direct Taxes on Sunday, the deadline for filing these reports has been pushed from September 30 to October 7, this year

30 September,2024 10:20 AM IST | New Delhi | mid-day online correspondent
Shah Rukh Khan tops taxpayers' list, this South actor ranks 2nd

Shah Rukh Khan tops taxpayers' list, this South actor ranks 2nd

Shah Rukh Khan has become the highest tax paying individual Indian celebrity. The actor who had a great run at the box office with his last three releases paid a handsome amount in taxes. Check out the full list

05 September,2024 11:32 AM IST | Mumbai | mid-day online correspondent
CBDT issues clarification in respect of income-tax clearance certificate

CBDT issues clarification in respect of income-tax clearance certificate

Section 230 (1A) of the Income-tax Act, 1961 (the 'Act') relates to obtaining a income-tax clearance certificate, in certain circumstances, by persons domiciled in India

21 August,2024 02:10 PM IST | New Delhi | mid-day online correspondent
72% of taxpayers opt for New Tax Regime while filing ITR for AY 2024-25

72% of taxpayers opt for New Tax Regime while filing ITR for AY 2024-25

5.27 crore have been filed in the New Tax Regime while the remaining 2.01 crore ITRs are filed in the Old Tax Regime

02 August,2024 04:28 PM IST | Mumbai | mid-day online correspondent
Exaggerated, bogus claims for refunds punishable: I-T Dept

Exaggerated, bogus claims for refunds punishable: I-T Dept

The ITR filing season for assessment year 2024-25 will end on July 31 for all categories of taxpayers whose accounts are not supposed to be audited

29 July,2024 09:30 AM IST | New Delhi | Agencies
Union Budget 2024: Tax relief, job boosts, and a spending surge

Union Budget 2024: Tax relief, job boosts, and a spending surge

Finance Minister announces income tax cuts, job creation funds, and infrastructure spending spree in a high-stakes first budget after elections

24 July,2024 07:28 AM IST | New Delhi | Agencies

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