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Gujarat man with ₹12 bank balance asked to explain ₹36 crore transactions

Updated on Apr 10, 2025 04:43 IST

The man’s Permanent Account Number is believed to have been fraudulently used. (Wikipedia)

Property fraud: I-T searches at 5 locations of Ansal API in Lucknow

Earlier, the state government took a strict stand directing development authorities to register FIR against Ansal Properties and Infrastructure Limited for not following the norms while developing the high-tech town city in Lucknow. (For Representation)

Published on Apr 8, 2025 23:34 IST

Last date to link PAN and Aadhaar card free is Dec 31: Detailed guide on linking

The last date to complete the PAN-Aadhaar linking process is Dec 31, 2025.

Updated on Apr 6, 2025 04:17 IST

IRS tax refund April 2025: Who will get back their deposit this month?

Thousands of taxpayers will receive their IRS refunds in April

Updated on Mar 31, 2025 20:25 IST

How to calculate income tax if your income is more than ₹12 lakh per annum

Tax is calculated based on a series of slabs which are detailed as follows

Published on Mar 31, 2025 10:04 IST

Income tax, GST, UPI, banking: 5 financial rules changing from April 1

A customer holds hundred rupees Indian currency notes near a roadside currency exchange stall in New Delhi, India, May 24, 2024.

Published on Mar 31, 2025 05:23 IST

How MP egg seller, UP juice vendor got tax notice over crores they didn't earn

An egg seller in MP got a notice claiming he owed the government <span class='webrupee'>₹</span>6 crore in Goods and Services Tax (GST) for a nearly <span class='webrupee'>₹</span>50-crore business he never knew existed.

Updated on Mar 30, 2025 04:49 IST

IT dept sends notices for HRA claims without TDS deductions. What you can do

These notices are to ask the taxpayers to verify their claims and if they are incorrect, to amend their tax returns before the March 31 deadline.

Updated on Mar 28, 2025 07:33 IST

New Income Tax Bill to be taken up for discussion in monsoon session: Sitharaman

Union Minister Nirmala Sitharaman speaks in the Lok Sabha during the Budget session of Parliament, in New Delhi, Tuesday, March 25, 2025.

Published on Mar 25, 2025 10:14 IST

How to file Income Tax Returns without a CA: A simple guide

There are several benefits of independently filing ITRs on your own.

Published on Mar 25, 2025 03:06 IST

As fiscal year 2024-25 comes to end, here are some last-minute tax saving tips

This means that all those who have to file their return by December 31, but haven't done so, will get an additional two weeks to do it.

Published on Mar 24, 2025 07:29 IST

Old tax regime vs new tax regime with revised slabs: What to choose in 2025-26?

Many of those who use the old regime may consider switching to the new one since the Union Budget 2025 has substantially brought down the slab rates for incomes up to <span class='webrupee'>₹</span>24 lakh.

Published on Mar 21, 2025 08:16 IST

FICCI wants more deterrents for tax officials in dispute cases

At the meeting of the Lok Sabha’s Select Committee on the new Income Tax bill, FICCI dished out some data to show that the tax department’s rate of success in litigation in tribunals, HC and SC stands at mere 7%, 9% and 15%. (ANI PHOTO)

Published on Mar 13, 2025 03:04 IST

How to save tax on income up to ₹1.5 lakh using India Post schemes? Full details

India Post offers five small savings schemes that can be used to save income tax under the Old Tax Regime.

Published on Mar 7, 2025 13:32 IST

‘No warrant, no notice, this is surveillance’: Cong on new Income Tax Bill

Congress leader Supriya Shrinate addresses a press conference in New Delhi.

Published on Mar 6, 2025 14:43 IST

New IT bill allows officers to access email accounts if evasion suspected

This is apart from the other conferred powers such as the powers to break open the lock of any door, box, locker, safe, almirah, or other receptacle for exercising the powers conferred by clause" and "to enter and search any building, place, etc., where the keys thereof or the access to such building, place, etc., is not available."

Updated on Mar 5, 2025 12:38 IST

How to file Income Tax Returns? Step-by-step guide, documents required

The deadline for ITR filing is July 31.

Updated on Mar 5, 2025 08:33 IST

Tax rebate confusion: Capital gains impact on new ₹12 lakh threshold explained

Nirmala Sitharaman with Union Minister of State for Finance Pankaj Chaudhary and other officials outside the Finance Ministry ahead of the presentation of the Union Budget 2025-26.

Updated on Feb 23, 2025 08:11 IST

I-T Dept uncovers ₹22,000 crore in undisclosed foreign assets and investments

Revised Income tax slabs: Under the new tax regime, a nil tax slab will apply to annual incomes up to <span class='webrupee'>₹</span>12 lakh ( <span class='webrupee'>₹</span>12.75 lakh for salaried taxpayers with a standard deduction of <span class='webrupee'>₹</span>75,000).

Published on Feb 18, 2025 11:08 IST

I-T officer duped of ₹10L by cyber frauds

I-T officer duped of <span class='webrupee'>₹</span>10L by cyber frauds

Published on Feb 15, 2025 03:20 IST

Lok Sabha: Select Committee formed to examine Income Tax Bill

Lok Sabha speaker Om Birla formed a 31-member Select Committee of the lower house to examine the Income Tax Bill.

Published on Feb 14, 2025 18:58 IST

‘This marks a transition…’: Experts on Income Tax Bill 2025

Nirmala Sitharaman tabled Income Tax Bill 2025 on Thursday, February 13.

Updated on Feb 14, 2025 11:14 IST

Govt answers all FAQs on new Income Tax Bill: ‘60,000 man-hours spent on it’

Read on to know what FAQs the government has answered about the new Income Tax Bill 2025

Published on Feb 13, 2025 15:34 IST

What is the need for Income Tax Bill 2025? ‘To review…’ says Centre

Nirmala Sitharaman has tabled the Income Tax Bill 2025 in Lok Sabha on February 13.

Updated on Feb 13, 2025 10:36 IST

Congress MP Manish Tewari says new Income Tax Bill is more complicated

Manish Tewari, a Congress MP, blasted the new Income Tax Bill on Thursday, saying that it is more complicated than the current one, despite what Union Finance Minister Nirmala Sitharaman said.

Updated on Feb 13, 2025 10:03 IST

New Income Tax Bill introduced in Parliament, Oppn stages walkout

Finance Minister Nirmala Sitharaman tabled the Income Tax Bill in the Lok Sabha on Thursday.

Updated on Feb 13, 2025 11:47 IST

Sensex, Nifty today: Stock market opens in green ahead of I-T Bill introduction

Sensex, Nifty 50 today: This comes just before the new income tax bill gets tabled in the parliament by Finance Minister Nirmala Sitharaman.

Published on Feb 13, 2025 04:12 IST

Income Tax bill: What is tax year and how is it different from assessment year?

Representative Image

Published on Feb 12, 2025 17:29 IST

From perfumes to pan masala: IT raids 35 sites in Kanpur-Kannauj

From perfumes to pan masala: IT raids 35 sites in Kanpur-Kannauj

Updated on Feb 12, 2025 16:01 IST

New Income Tax Bill 2025: What are expected changes, how will they affect you?

Union finance minister Nirmala Sitharaman speaks in the Lok Sabha during the Budget session of Parliament.

Updated on Feb 12, 2025 13:43 IST

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