Income Tax Department
Central government agency in India
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The Income Tax Department is a government agency undertaking direct tax collection of the government of the Republic of India. It functions under the Department of Revenue of the Ministry of Finance. The Income Tax Department is headed by the apex body Central Board of Direct Taxes (CBDT). The main responsibility of the Income Tax Department is to enforce various direct tax laws, most important among these being the Income-tax Act, 1961, to collect revenue for the government of India. It also enforces other economic laws such as the Benami Transactions (Prohibition) Act, 1988, and the Black Money Act, 2015.
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Income Tax department launches nationwide verification to combat fraudulent claims in I-T returnsThe income tax department has initiated a nationwide verification operation targeting fraudulent claims of deductions and exemptions in I-T returns. This action follows the discovery of organized..IndiaTimes - Published | |
Good news for taxpayers: Income Tax department brings these features to ITR-1, ITR-4 forms; check detailsThe Income Tax department on Friday enabled the Excel utility for ITR-1 and ITR-4 for AY 2025-26, and the taxpayers can avail it to file their income tax returns.DNA - Published | |
Haryana declares restricted holiday for Eid-ul-Fitr on March 31 citing financial year closingThe Haryana government has announced that Eid-ul-Fitr on March 31 will be a restricted holiday instead of a gazetted holiday due to the financial year-end. Income Tax Department offices will remain..IndiaTimes - Published | |
CAG report raises red flags over income tax department's handling of arrears and outstanding demandsA Comptroller and Auditor General (CAG) report revealed significant flaws in the Income Tax department's functioning, including non-sharing of data, exaggerated tax demands, and delays in implementing..IndiaTimes - Published | |
Income Tax Department seizes record Rs 1100 crore cash and jewellery in Lok Sabha elections 2024As per the sources, by the end of May 30th, the department had seized approximately Rs 1100 crore worth of cash and jewellery, marking a 182 per cent increase compared to the Rs 390 crore seized during..IndiaTimes - Published | |
TMC leaders sit on 24-hour dharna outside Election Commission office, demand replacement of CBI, NIA, ED, and Income Tax Department chiefsIndiaTimes - Published | |
'No coercive steps will be taken against Congress party in view of Lok Sabha polls': I-T department to SCThe Income Tax department conveyed to the Supreme Court its decision to abstain from enforcing any 'coercive measures' against the Congress concerning tax demand notices totaling around Rs 3,500 crore,..IndiaTimes - Published | |
I-T serves Congress Rs 1, 700 crore notice after HC rejects its plea on reassessmentThe Income Tax department serves the Congress party a notice of approximately Rs 1,700 crore covering assessment years 2017-18 to 2020-21. Congress faces financial strain with penalties and interest,..IndiaTimes - Published | |
Income Tax department imposes Rs 103.63 crore fine on Tata ChemicalsIndiaTimes - Published | |
Income Tax Department notifies ITR forms 1, 4 for assessment year 2025The Income Tax Department has notified ITR forms 1 and 4 for assessment year (AY) 2024-25. Individuals and entities with annual total income of up to Rs 50 lakh can start filing returns for the income..IndiaTimes - Published | |
CM Jagan Mohan Reddy aide: Chandrababu Naidu arrest is not ‘regime revenge’YSRCP general secretary and advisor to Andhra Pradesh CM YS Jagan Mohan Reddy, Sajjala Ramakrishna Reddy, on Friday denied the opposition TDP’s charge that its leader N Chandrababu Naidu’s arrest..IndiaTimes - Published | |
'Largest haul of black money': Income Tax department raid on Odisha distillery has turned up Rs 290 crore so far, counting still on after 3 daysThe Income Tax department's raid on an Odisha-based distillery group and its associated entities is set to turn up a staggering Rs 290 crore in "unaccounted" cash, making it a record-breaking haul by..IndiaTimes - Published | |
Who is Dheeraj Sahu, Congress MP whose home yielded Rs 200 croreIncome Tax Department conducted raids on properties linked to Congress Rajya Sabha MP Dheeraj Sahu in Odisha and Jharkhand, recovering a staggering Rs 200 crore in cash without any account record.DNA - Published | BJP misusing central agencies: GehlotAccusing the BJP of misusing the Enforcement Directorate and Income Tax department for political gains, Rajasthan Chief Minister Ashok Gehlot on Sunday said the people of the state understand this and..IndiaTimes - Published |
BJP uses ED, CBI, I-T dept to stop Congress from winning polls: KhargeCongress president Mallikarjun Kharge accused the BJP-led Centre of using government agencies like the ED, CBI, and Income Tax Department to prevent his party from coming to power. He also alleged that..IndiaTimes - Published | Before PM Modi comes campaigning, he sends ED, Income Tax and CBI: Congress chief Mallikarjun KhargeCongress president Mallikarjun Kharge criticized the ED, CBI, and the Income Tax Department as "jawans" of Narendra Modi, accusing the Prime Minister of using these agencies to target the opposition..IndiaTimes - Published |
Tamil Nadu: IT raid continues for second day at various locations in Karur, ThiruvannamalaiThe Income Tax department has been carrying out search operations for the second consecutive day in Karur and Thiruvannamalai districts of Tamil Nadu. The raids are being conducted at multiple..IndiaTimes - Published | Income Tax department conducts raids at Rajasthan minister's officeThe Income Tax Department on Saturday conducted raids at the office of Rajasthan Cabinet Minister Udai Lal Anjana in Udaipur. According to sources, Anjana, who was named the Congress nominee from..IndiaTimes - Published |
I-T searches premises of Tamil Nadu real estate firm accused of links with DMK’s ‘first family’The Income Tax department on Monday conducted searches on the premises of well-known Tamil Nadu-based real estate firm G Square, official sources said. Searches were held in various locations in the..IndiaTimes - Published | BBC office tax survey: What Income Tax department said on 60-hour survey of Delhi, Mumbai officesThe IT department conducted a 60-hour survey of the offices of media establishment BBC earlier this week, with the offices in Delhi and Mumbai receiving heat.DNA - Published |
Income Tax survey at BBC offices: Difference between 'survey' and 'search', here's all you need to knowAn investigation into the alleged tax evasion of the BBC was conducted by the Income Tax Department on Tuesday in Delhi and Mumbai.DNA - Published | All India Bar Association welcomes Income Tax Department survey on BBCBBC's Indian headquarters were inspected by Income Tax inspectors on Tuesday.DNA - Published |
BIG BREAKING: Income Tax raid at BBC's Delhi office, say reportThe Income Tax Department is raiding the British Broadcasting Service (BBC) Delhi office. More details are awaited.DNA - Published | |
