Income Tax Department
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Business News
CBDT imposes new income tax rule on life insurance premiums above Rupees 5 lakhs
However, these provisions will not be applicable in cases of sums received upon an individual's demise.
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Business News
Income Tax Department launches ‘young professional scheme’, opportunity for domain experts
Income Tax Department introduces 'young professional scheme,' enlisting skilled under-35 experts like CAs and lawyers to bolster revenue arguments in…
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India
IT department launches tax-evasion probe against social media influencers
The department initiated the action last week after it searched about 10 YouTubers and other social media influencers, mostly young…
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India
BBC admits tax evasion in India, accepts underreporting Rs 40 crore income
In mid-Feb, tax surveys were conducted at BBC offices in Delhi and Mumbai. However, the company has not yet submitted…
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Entertainment News
‘Actor Sonu Sood evaded tax of over Rs. 20 crores, providers of bogus entries have accepted under oath’: IT Dept
So far 20 bogus entities & undeclared foreign funds revealed and more will be uncovered as per the Income Tax…
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Media
IT Department detects ‘fictitious transactions’ of Rs 2,200 crore in raids against Dainik Bhaskar, Rs. 700 crore worth tax evasion
The tax department claimed that cyclical trading and transfer of funds among group companies "engaged in unrelated businesses" to the…
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Entertainment News
IT raids at 22 properties of Anurag Kashyap, Vikas Bahl, Taapsee Pannu in Mumbai and Pune
The IT department is conducting searches on people related to Phantom Films over allegations of tax evasion by raiding their…
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