The tax department accepted the ITR but levied the penalty equal to 200% of the tax payable on wrong claim. In appeal, the ...

The government has issued a final warning to taxpayers who filed incorrect ITRs over the last four years. If you claimed fake ...

In ongoing searches carried out by the income tax department at more than 200 locations across the country for false deduct.

The income tax department has initiated a nationwide verification operation targeting fraudulent claims of deductions and ...

These rackets are operated by certain people who prepare income tax returns and intermediaries who file them, said an ...

Since the AIS and Form 26AS contain the complete history of a taxpayer’s transactions, nothing will go unnoticed — any ...

The Income Tax (I-T) department has released Excel-based utilities for Income Tax Return (ITR) forms ITR-2 and ITR-3 for ...

The search and seizure manual 2025 aligns with the changes brought in the Finance Act 2025 and is a major step addressing ...

Income Tax Department conducts raids on 200+ locations for false deductions including political donations, tuition fees, ...

The Capital Markets Efficiency Promotion Act imposes a 20% tax on the interest income on long-term investments, but interest incomes of short-term bank deposits have been taxed at this rate since 1998 ...

New Delhi: The Income Tax Department in India has just released the Excel utilities for filing ITR-2 and ITR-3 forms for the ...

In a massive crackdown against fraudulent claims of deductions and exemptions, the income tax department on Monday raided, in ...