Wealthy Indians are finding ways to benefit from a new foreign currency deposit scheme. They are sending money to NRI relatives as gifts to...

India's tax season now demands greater scrutiny for crypto investors as enforcement intensifies. New reporting requirements, including tran...

The taxman is tightening its grip on undeclared cash, with a recent tribunal ruling allowing the benami wing of the Income Tax department t...

Indian residents investing in US stocks face forex gains tax. These gains are taxable as capital gains when US dollars are converted back t...

Tax authorities have uncovered a major scam involving fake agricultural income claims. Over 300 individuals claimed exemptions worth thousa...

The BJP has turned the spotlight on Rahul Gandhi's extensive global travels, calling for transparency over the sources of funding for these...

Celina Jaitly has accused her husband Peter Haag, of harassment, cruelty, and physical abuse amid their divorce. She recently claimed to ha...

The Enforcement Directorate is now looking into employee stock options from foreign firms given to Indian workers. This move aims to uncove...

A US-based son, Mr. Bussi, successfully challenged an Indian income tax notice after depositing Rs 11 lakh cash into his parents' account d...

A one-time amnesty scheme, the FAST-DS, has been introduced to help Indian residents and NRIs resolve past non-compliance with reporting fo...

Undisclosed income of more than Rs 8,460 crore has been brought to tax and penalty of more than Rs 1,290 crore has been levied, on deposits...

Besides levy of taxes on the total income of 2,534 groups of persons, the ITD filed prosecution complaints in 2,432 cases, the government s...

A tax payer will get immunity under the scheme only in respect of unaccounted assets declared and not on the tax amount, which adds up to 4...

It said that the effective rate of tax is 45% and there is no modification in the rate proposed by circular on the scheme issued by the boa...

In searches, undisclosed income admitted was at Rs 15,070.64 crore in 2011-12; Rs 10,291.61 crore in 2012-13 and Rs 10,791.63 crore in 2013...

Undisclosed income to the tune of Rs 565 crore has been detected in Swiss bank accounts of Indians, the government said today.

"The business group has admitted an undisclosed income of Rs 175 crore and further tax related proceedings are on," official sources said.