IT department

I-T holds searches in Karnataka, AP, Telangana regions

Income tax department conducted a search and seizure action in the case of some government contractors, real estate developers and their associates on October 12.

Income Tax Department relaxes compounding offence rules

The Income-tax Act of 1961's prosecution provisions include a number of offences, and the Central Board of Direct Taxes (CBDT) has updated its Guidelines for Compounding of Offenses under the Act to reflect these changes.

Income Tax department alleges Sonu Sood of involving in tax evasion of Rs 20 crores

The Income Tax (I-T) Department has recently said that Bollywood actor Sonu Sood has been involved in tax evasion of over Rs 20 crore.

Income Tax department extends the deadline for linking Aadhaar card with PAN

The income-tax (I-T) department informed that the last date has been similarly extended by 6 months.

Income Tax refunds worth Rs 1.32 lakh crore issued to 39.75 lakh taxpayers