Simplify income tax forms, demands BJP member in Rajya Sabha

A BJP member on Friday sought simplification of Income Tax forms for assessees, saying the present form impinges on the individual's privacy as it seeks details of all bank accounts and foreign travel.

Now, disclose bank accounts, foreign travels in IT returns

Taxpayers will have to disclose all bank accounts held by them in the country and instances of foreign travel to the Income Tax department while filing their returns for the assessment year 2015-16.

CBI arrests Deputy Commissioner Income Tax

The CBI Thursday arrested a Deputy Commissioner of Income Tax at his Central Revenue Building office here for allegedly receiving a bribe of Rs 1.5 lakh from an industrialist for settling tax issue.

Digvijaya Singh took money from MP builder: BJP

The BJP on Saturday claimed that documents seized by the Income Tax department had revealed Congress general secretary Digvijaya Singh had taken crores from a builder in Madhya Pradesh during his tenure as chief minister and demanded a thorough probe.

Budget 2015 Analysis: Jaitley gives growth a push, but fiscal concerns remain

The Union Budget 2015-16 has won a round of applause from all sectors and for good reasons at that. It has something for nearly everyone.

Meat exporter Moin Qureshi granted bail in black money case

A Delhi court has granted bail to controversial meat exporter Moin Ahmed Qureshi in a black money case filed by the Income Tax Department for allegedly not disclosing his income of nearly Rs 20 crore.

Highlights of Union Budget 2015-16

Finance Minister Arun Jaitley on Saturday proposed no changes in personal income-tax rates for 2015-16 but extended benefits to middle-class by increasing the limit of deduction on health insurance premium from Rs 15,000 to Rs 20,000, while presenting the Budget 20105-16.

Budget 2015 investment friendly, pro-poor: PM Narendra Modi
Budget 2015 investment friendly, pro-poor: PM Narendra Modi

Prime Minister Narendra Modi on Saturday described the Union Budget 2015-16 as not just “investment friendly” but also pro-poor, pro-growth, pro-middle class, pro-youth and paradigm shifting.

First time home buyers to get additional tax break of Rs 1 lakh

First time home buyers wil get additional tax break of Rs 1 lakh in home loan.

Congress served Income Tax notice over funding

The Income Tax Department has served a notice on Congress seeking an explanation on charges of receiving funds from dubious sources.

CBI arrests income tax officer, CISF inspector in separate graft cases

CBI has arrested an Income Tax officer from Lucknow for allegedly demanding a bribe of Rs five lakh to settle a tax-related matter.

Nuns, priests in govt service have to pay income tax: HC

Kerala High Court on Thursday held that nuns and priests employed in government service are liable to pay income tax.

Zee Media's exclusive interview with AAP chief Arvind Kejriwal- Part II

Watch the tongue-in-cheek interview with AAP chief Arvind Kejriwal on Zee News.

Budget 2015: Investment cap under Section 80C likely to be raised to Rs 2 lakh

Budget 2015: Investment cap under Section 80C likely to be raised to Rs 2 lakh

Robert Vadra's firm Skylight Hospitality gets Income Tax notice

Upping the ante for Robert Vadra, the Income Tax department has begun scrutiny of the Congress chief Sonia Gandhi's son-in-law's controversial land deals and financial transactions.