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Income Tax Department

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Budget 2025: New Income Tax Bill likely to be tabled in Parliament on Thursday

Budget 2025: New Income Tax Bill likely to be tabled in Parliament on Thursday

The number of pages has been reduced substantially to 622, almost half of the current voluminous Act which includes amendments made over the last six decades

12 February,2025 12:31 PM IST | New Delhi | PTI
Thane tax consultant duped of Rs 8.66 lakh in cryptocurrency fraud

Thane tax consultant duped of Rs 8.66 lakh in cryptocurrency fraud

A tax consultant from Mumbra, Thane, lost Rs 8.66 lakh after falling victim to a fraudulent digital investment scheme. The police have booked ten individuals for cheating and criminal breach of trust.

10 February,2025 11:04 AM IST | Mumbai
BMC hunts for new revenue streams amid Rs 1.93 lakh crore commitments

BMC hunts for new revenue streams amid Rs 1.93 lakh crore commitments

Legal review underway for new charges on waste collection, slum properties and unmetered water use. “We understand that we have a significant number of projects in progress, but they will span the next five to six years. For 2025-26, 23 per cent of the total estimated revenue will come from fixed deposit withdrawals

07 February,2025 07:01 AM IST | Mumbai | Sameer Surve
Budget 2025: Sitharaman cuts taxes for middle class, here's what experts say

Budget 2025: Sitharaman cuts taxes for middle class, here's what experts say

Sitharaman announced significant income tax cuts for the middle class in the Union Budget

01 February,2025 10:16 PM IST | Mumbai | mid-day online correspondent
Income Tax department raids properties of Pushpa 2, Game Changer producers

Income Tax department raids properties of Pushpa 2, Game Changer producers

The properties of Pushpa 2 and Game Changer producers are being searched amid concerns of evading taxes after their films raked in crores of rupees at the box office

21 January,2025 02:31 PM IST | Mumbai | mid-day online correspondent
Man held for duping 40 job seekers of Rs 2 crore by posing as I-T dept official

Man held for duping 40 job seekers of Rs 2 crore by posing as I-T dept official

As many as 28 fake ID cards, including those with designations of Income Tax Assistant Commissioner, I-T Inspector, Assistant Commissioner in Home Department, Central Bureau of Investigation (CBI) Police Commissioner, were recovered from him, an official said

09 January,2025 11:44 AM IST | Palghar | mid-day online correspondent
DigiYatra app does not share any user data: Civil Aviation Ministry

DigiYatra app does not share any user data: Civil Aviation Ministry

There is no sharing of DigiYatra passenger data with Indian tax authorities, an official statement said

30 December,2024 09:12 PM IST | Mumbai | Prasun Choudhari
Govt confident of surpassing FY25 direct tax collection target: CBDT chief

Govt confident of surpassing FY25 direct tax collection target: CBDT chief

CBDT chairman Ravi Agarwal expressed confidence in exceeding the Rs 22.07 lakh crore direct tax collection target for FY25, citing strong growth in corporate and non-corporate tax revenues. He also urged taxpayers to disclose foreign assets before the December deadline

18 November,2024 02:43 PM IST | New Delhi
Jharkhand CM Hemant Soren’s aide raided by I-T ahead of polls

Jharkhand CM Hemant Soren’s aide raided by I-T ahead of polls

A total of nine premises in the state’s capital Ranchi and Jamshedpur are being raided in an operation that started early morning. A security team of the CRPF is assisting the I-T sleuths

10 November,2024 07:54 AM IST | Ranchi | Agencies
Five held after Mumbai Police seize Rs 1.32 crore in cash in Bhuleshwar market

Five held after Mumbai Police seize Rs 1.32 crore in cash in Bhuleshwar market

After questioning the suspects about the origins of the cash, the entire amount was seized and placed under safe custody at the police station

27 October,2024 03:13 PM IST | Mumbai | Apoorva Agashe

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