The department acknowledged the issue and apologised for the inconvenience caused to taxpayers. "The Department thanks ...

India's Income Tax Act, 1961, is set to be replaced by the Income Tax Act, 2025, effective April 1, 2026. To ease this ...

India will roll out the new Income Tax Act, 2025 from April 1, 2026. Here are key FAQs, changes, and what the new tax rules ...

Income Tax department uncovers ₹408 crore in suppressed restaurant sales during nationwide tax evasion survey.

The deadline for filing income tax returns for assessment year 2025-26 was extended to September 15, 2025. Many taxpayers are ...

India’s Income-Tax Department found restaurants under-reported sales worth ₹408 crore after surveying 62 outlets across 46 ...

Many taxpayers were surprised to receive emails about advance tax payments mentioning "significant transactions". But soon ...

PM Modi congratulates RSP leaders on Nepal poll win, backs stronger ties A court granted 10-day interim bail to activist ...

The department said that the emails were meant only as facilitative reminders to help taxpayers review financial information.

Routine checks at restaurants in Hyderabad last November led tax officers to spot discrepancies between customer footfall and lower sales recorded in billing software, prompting a deeper investigation ...

State Bank of India (SBI) faces a ₹6,338 crore demand notice from the Income Tax Department for the assessment year 2023-24.

GUWAHATI: The Income Tax department has set up a round-the-clock control room in Assam to check use of black money in the ...