Akshaye Khanna recently won a dispute against the income tax department when the income tax appellate tribunal allowed the actor tax exemptions on a speedboat he owns read more

Former finance minister and Congress leader P Chidambaram said whoever has briefed the Prime Minister on the proceedings in the apex court on Tuesday in the income tax cases “deserves to be sacked” read more

One of the two Indian companies used to be a publicly-listed entity and has already faced the wrath of capital markets regulator Sebi for multiple violations, while the other firm is said to have political links in Tamil Nadu. read more

Speaking during a roadshow in Hyderabad, Naidu criticised the NDA government for demonetisation, “faulty implementation” of GST and price rise and alleged that there was a feeling of insecurity. read more

The Congress has refuted a newspaper report and allegations by BJP chief Amit Shah that Robert Vadra made money out of a dubious land deal. read more

Quoting father’s name in PAN application won’t be mandatory: I-T department read more

Chhattisgarh assembly elections 2018: Unaccounted cash, illicit liquor and other items worth over Rs 11.85 crore have been seized by officials in the run-up to assembly elections since October 4 when the model code came into force. read more

In an unprecedented move, the Andhra Pradesh government on Friday barred the CBI from conducting raids or carrying out investigations in the state without its permission. read more

According to the I-T department, the three men had obtained GST registrations for non-existent companies that were trading iron and steel scrap and had circulated the fake invoices on the payment of a commission to some iron and steel manufacturers,... read more

Demonetisation generated tailwinds for formalisation of the economy. Income declared in income tax returns, as a share of India’s total Gross Value Added, increased significantly in 2016-17. But it also generated headwinds for small business incomes. read more

Incomes of all categories of Indian taxpayers increased by 67% in the last four years, the data released by the income tax department showed. read more

The department, in coordination with their foreign counterparts, is investigating offshore bank deposits and purchase of assets by “thousands of Indians”, officials said. read more

CBDT Chairman Sushil Chandra said that the contribution of direct taxes to the total revenue kitty in the country is the highest and stands at 52 per cent at present. read more

The tax department expressed his inability to furnish the records not in their possession and stated that an exercise had been initiated in the Department to digitise its records. read more

The proposal will be vetted by the finance ministry and sent for final approval to the Prime Ministers Office (PMO) before it is cleared by the Union cabinet. read more