The tax department has issued notices in 475 cases involving undisclosed foreign assets and income of over Rs 14,300 crore under the foreign black money act, Minister of State for Finance Anurag...

Sitharaman also announced that senior citizens above 75 years of age having only pension and interest income would not be required to file income tax returns.

5% more income tax returns filed this year Income tax returns filed this year have risen by about 5 per cent to nearly 6 crore as more businesses and entities filed annual income statements.

The Department on Tuesday had said that over 5 crore income tax returns (ITRs) for the fiscal year 2019-20 have been filed till January 4.

Extending the deadline for the third time, the government on Wednesday allowed individuals to file income tax returns for 2019-20 fiscal till January 10.

The Income Tax sleuths seized several crores of unaccounted cash during a search conducted at the office and houses at various parts of the State linked to Erode-based Sri Pathy Associates Private...

The CBDT also clarified that in a case where Mutual Agreement Procedure (MAP) resolution is pending or the assessee has not accepted MAP decision, the related appeal shall be eligible under 'Vivad se...

The Income Tax department has issued refunds worth over Rs 1.32 lakh crore to over 39 lakh taxpayers so far this fiscal.

The Income Tax Department has seized cash over Rs 2.3 crore and jewellery worth Rs 2.8 crore during searches at 42 locations in Delhi-NCR, Haryana, Punjab, Uttarakhand and Goa, on a large network of...

For those taxpayers whose accounts need to be audited, the Income-Tax Return filing deadline has been extended by two months till January 31, 2021.