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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.

BJP protests against 'corruption' in Noida authority

Close on the heels of suspension of Noida Authority Engineer-in-Chief Yadav Singh following IT raids, several BJP activists led by party's state president Lakshmikant Vajpayee and Union Minister Mahesh Sharma on Friday protested against the alleged "corruption" in the authority.

AAP gets over Rs 9.6 cr in donations recorded above Rs 20,000

The Aam Aadmi Party (AAP) has garnered over Rs 9.6 crore in donations, in excess of Rs 20,000 from thousands of its supporters and well-wishers in the last financial year, according to data submitted to the Election Commission.

Complete I-T probe against black money holders by March 2015: SC to Centre
Complete I-T probe against black money holders by March 2015: SC to Centre

New Delhi: The Supreme Court on Wednesday asked the Centre to ensure that the ongoing income tax probe for suspected black money concerning 627 Indians who have accounts in HSBC bank, Geneva, do not get time barred and be completed by March next year.

Noida tendering scam: Media barred from entering Noida Authority office

The Income Tax department raided the residence of Noida Authority engineer-in-chief Yadav Singh at Noida’s Sector 51 and found cash worth Rs 10 crore and diamond and gold jewellery of around 2 kg.

18-yr-old tax case against Jayalalithaa, Sasikala to be closed after compounding fee payment

AIADMK chief Jayalalithaa, her aide Sasikala and a firm in which they are partners have together paid Rs 1.99 crore as compounding fee, setting in motion the process for the closure of an 18-year-old Income Tax case against them.

I-T raids at Madurai hospital

Income Tax officials conducted raids in the premises of Meenakshi Mission Hospital in Madurai and the residence and offices of its founder.

'Legal malice, perversity' in IT commission order: Singhvi'

Caught in a controversy over the alleged evasion of income tax, Congress leader Abhishek Singhvi on Tuesday said that a Settlement Commission order in the matter suffers from "legal malice and perversity".

IT dept to submit report on conversations between Qureshi and ex-CBI chief

The Income Tax department, which has kept the controversial meat exporter Moin Qureshi under its scanner, is likely to submit a report to the Government about the purported conversations between him and former CBI Director A P Singh, currently a UPSC member.

AAP asks BJP govt to disclose names of all on black money list
AAP asks BJP govt to disclose names of all on black money list

The Aam Aadmi Party (AAP) on Monday demanded that the Bharatiya Janata Party (BJP)-led NDA government immediately disclose the names of all account holders guilty of stashing black money abroad.

Jayalalithaa IT returns case adjourned to Nov 6

A court here on Thursday adjourned the income tax cases against AIADMK General Secretary Jayalalithaa and her aide Sasikala to November 6.

Delhi HC stops Centre from appointing Principal Commissioners of IT

The Delhi High Court on Monday restrained the Centre from taking a decision on appointment to a newly-created post of Principal Commissioner of Income Tax on a plea alleging that the process adopted to appoint a person to that office was illegal.

HC exempts Jayalalithaa from personal appearance in IT case

Madras High Court on Wednesday exempted from personal appearance Tamil Nadu Chief Minister Jayalalithaa and her aide Sasikala before the trial court for questioning and for framing charges in the Income Tax returns case.

Northeast bypolls: I-T teams to check on black money

The Income Tax (I-T) department will deploy teams in Assam, Tripura and Sikkim to keep a tab on the use of black money during the Sep 13 assembly by-polls, an official release said here Tuesday.