The Enforcement Directorate has summoned Pinarayi Vijayan's daughter, Veena T, for a second round of questioning on June 29 regarding a mon...

A court has granted the Enforcement Directorate access to documents from the Serious Fraud Investigation Office. These documents are crucia...

A husband took Rs 25.6 lakh personal loans in his wife's name, spent the money on a lavish lifestyle, and fled with her car and jewellery. ...

Navigating income tax deadlines for FY 2025-26 (AY 2026-27) is crucial to avoid penalties. The Income Tax Department has set specific due d...

Budget 2026 brings major changes to personal income tax. Tax Collected at Source rates are reduced. Deadlines for filing income tax returns...

The Supreme Court overturned Krishnaswami's tax evasion prosecution, citing the Income Tax Department's violation of its own circulars. The...

Budget 2025: Now the Income Tax Department will not prosecute taxpayers who failed to deposit the collected TCS if the taxpayers pays the T...

Direct Tax code: The government has started the consultation process for reviewing the Income Tax Act, 1961. The review is being done to re...

Income tax offences: Now you will have to follow the revised guidelines for compounding of income tax offences under the Income Tax Act, 19...

The directive is being seen as a major move to cut down tax litigation and will save a number of assessees from legal proceedings.

Till now prosecution provision was invoked on wilful evaders. Now, proceedings are being initiated even for delayed remittance of TDS by bu...

Report stated that apart from filing of prosecution cases in courts, department "has received 1,195 applications praying for compounding of...

Last week, the ITD, revived prosecution proceedings and issued notices to KK Modi, seeking his response, before filing the proceedings, in ...

The Punjab and Haryana High Court has said that the Income Tax Appellate Tribunal (ITAT) doesn’t have the power to stay tax prosecutions.

The focus of investigation in the income tax department had so far been on civil consequences, that is, revenue augmentation, the statement...

Jaya, for instance, paid compounding fee of Rs 7,52,637, prosecution establishment charges of Rs 50,000 and litigation expenes of Rs 22,81,...

In a stern warning, the Revenue department today said tax deductors who default in depositing TDS by due date will be liable for prosecutio...