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Income Tax Department

  • Economy

    51 lakh, or 7.5% more Indians filed income tax returns this year; 72% of taxpayers opted new regime

    by ANI August 2, 2024
    by ANI August 2, 2024

    The taxpayers and tax professionals made their compliances in time, leading to a surge in filing of Income-tax Returns (ITRs), which resulted in a new record of ITRs filed till …

  • Economy

    IT dept completes issuing refunds for 2.45 tax returns

    by IN Bureau September 5, 2023
    by IN Bureau September 5, 2023

    The Income tax department has already processed and issued refunds for 2.45 crore returns for assessment year 2023-24. A total of 6.98 crore ITRs were filed, with 6.84 crore of …

  • India

    Karnataka boasts of 3 richest MLAs in India with assets worth more than Rs 1,000 crore

    by IN Bureau July 20, 2023
    by IN Bureau July 20, 2023

    Karnataka has emerged as the state with the richest MLAs in India with the top three in the country’s rich list owning assets exceeding a whopping Rs 1,000 crore. While …

  • India

    Chhattisgarh liquor scam: ₹776 crore funneled to political executives, reveals ED probe

    by Pramod Kumar July 9, 2023
    by Pramod Kumar July 9, 2023

    Raipur: The Enforcement Directorate (ED), investigating the liquor scam in Chhattisgarh, has revealed shocking findings in its charge sheet that out of the total Rs 2,161 crore involved, approximately Rs …

  • Economy

    Rs 157 crore black money detected in tax raids on two business groups in Bengal

    by IN Bureau May 16, 2023
    by IN Bureau May 16, 2023

    The Income Tax Department has unearthed unaccounted income of more than Rs. 157 crore crore in search and seizure operations on two business groups operating largely in the Northern region …

  • Economy

    Taxmen raid leading Tamil Nadu real estate firm G Square

    by IN Bureau April 24, 2023
    by IN Bureau April 24, 2023

    The Income Tax Department on Monday launched searches at the premises of leading real estate firm, G Square, which has its headquarters in Chennai with business across South India. Searches …

  • Uncategorized

    Income Tax Dept. takes up 68,000 high-value deals for e-verification

    by IN Bureau March 13, 2023
    by IN Bureau March 13, 2023

    New Delhi: The Income Tax Department has selected 68,000 high-value transaction cases for e-verification pertaining to the financial year 2019-2020 on a pilot basis. Within six months, it has disposed …

  • Economy

    IT authorities accuse BBC of diversion of profits, violating transfer pricing rules

    by IN Bureau February 14, 2023
    by IN Bureau February 14, 2023

    The Income Tax department conducted a survey on the British Broadcasting Corporation (BBC) premises in Delhi for alleged non-compliance with the transfer pricing rules and its vast diversion of profits. …

  • Economy

    Rs 100 crore black money trail unearthed in tax raids at Patna, Lucknow, Delhi

    by IN Bureau November 22, 2022
    by IN Bureau November 22, 2022

    The Income Tax Department has unearthed unaccounted transactions exceeding Rs. 100 crore in search and seizure operations carried out on a real estate developer and some jewellers in Patna who …

  • Economy

    Rs 100 crore black money trail unearthed in tax raids at Ranchi, Jamshedpur, Kolkata

    by IN Bureau November 8, 2022
    by IN Bureau November 8, 2022

    The Income Tax Department has unearthed black money transactions exceeding Rs 100 crore in a search and seizure operation carried out on business premises at Ranchi, Jamshedpur, Gurugram and Kolkata …

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All Rights Reserved. India Narrative.