Income tax data for 2024-25 reveals surprising disparities in India's middle class. Jharkhand outperforms Gujarat in the proportion of taxp...

India's tax administration has undergone a significant transformation, marked by a five-fold increase in income tax refunds and a three-fol...

India's Income Tax refunds have surged by 474% over the past 11 years, reaching Rs 4.77 lakh crore in 2024-25, outpacing the 274% growth in...

Budget 2025: Schemes like Vivad Se Vishwas need to continue to clear huge legal backlog. Further rationalisation measures for income tax as...

This is the third such extension provided by the government this year. The government had extended the deadlines last year as well when the...

The starting point is defining where people need help. Progressive nations such as New Zealand, Britain and the US have identified personal...

Taxpayers should not procrastinate and use the additional three months to ensure issues are sorted and compliances are met with.

Similarly, it said, the number of individual taxpayers disclosing income above Rs 1 crore had increased during the same period from 48,416 ...

Harassment of taxpayers is also caused by fixing collection targets for individual officers. When 90% of collection comes from advance tax ...

The last date to file ITR is July 31, 2018 and almost a third of the time is over. The CBDT has not released the utility for filing of retu...

The tax department will start educating taxpayers from this week through media outreach on ways to link the PAN with Aadhaar, official said.

The British government is set to cut millions of pounds in aid to India as the two countries develop "a new kind of relationship" centered ...

At present, the government charges fees for providing data from the national sample surveys, Annual Survey of Industries and the economic c...

India has allowed MNCs to ascertain potential tax liability relating to transactions with Indian arms, to help address transfer pricing dis...

The Central Board of Direct Taxes, the apex direct taxes body, has announced the guidelines for advance pricing arrangements (APAs), markin...

Pune, the emerging IT hub of India, now boasts of having at least 16,000 millionaires. If the statistics collated by the income tax departm...

If Dr Watson were to chronicle this mystery he might well be tempted to call it ‘The Mystery Of The Missing 220 million’.