Tag: Income Tax Department

MSMEs Need to Become More Proactive: Consumer Affairs Secretary

EconomyMay 28, 2025

NEW DELHI: Consumer Affairs Secretary Nidhi Khare on Wednesday asked MSMEs to comply with voluntary as well as mandatory quality standards while manufacturing products and urged them to be more proactive in sharing problems and...

JD Vance touts bitcoin’s emergence and hails pro-Trump crypto investors

CryptoMay 28, 2025

Unlock the White House Watch newsletter for freeYour guide to what Trump’s second term means for Washington, business and the worldJD Vance has hailed the arrival of cryptocurrencies into the US economy’s “mainstream”, vowed to...

I-T dept slaps Rs 944 crore penalty on IndiGo parent

BusinessMarch 30, 2025

IndiGo's parent company, InterGlobe Aviation, faces a Rs 944.2 crore penalty imposed by the Income Tax department for the Assessment Year 2021-22....

Data helps Taxman unearth foreign assets worth Rs 22,000 cr

EconomyFebruary 17, 2025

New Delhi: The Income Tax Department has detected ₹22,000 crore during a drive against undisclosed foreign assets and investments, a senior official told...

Taxpayers take note! Income Tax department recovers Rs 37,000 crore from individuals not filing returns despite taxable income

BusinessDecember 16, 2024

An expanded and stricter tax collection and TDS system has helped identify significant transaction. (Image source: Freepik) Income Tax Department’s extensive crackdown!...

Tough to mop up taxman’s outstanding demand

EconomyDecember 7, 2024

The outstanding tax demand of the income-tax department has grown more than fourfold to ₹42 lakh crore as on October 1 this year,...

CBDT launches compliance-cum-awareness campaign for AY 2024-25 to assist taxpayers in reporting foreign assets and income

EconomyNovember 16, 2024

New Delhi: The Central Board of Direct Taxes (CBDT) has launched a Compliance-Cum-Awareness Campaign for Assessment Year (AY) 2024-25 to assist taxpayers in...