The Income Tax department has uncovered a massive tax evasion racket worth around Rs 200 crore linked to property registrations in Khurja, Bulandshahr. Officials seized digital evidence and are investigating 1,000 sale deeds over five years.
India's tax department has completed assessments worth Rs 14,636 crore on undisclosed foreign assets from Panama, Paradise, and Pandora Papers, with total demands reaching Rs 41,257 crore.
The upcoming Income Tax Rules for 2026 have sparked widespread speculation about potential changes to tax slabs effective from April 1. This comprehensive guide answers all key questions regarding the new regulations, their impact on taxpayers, and the go
Karnataka records highest GST growth rate at 11.7% for 2025-26 among major states, but Maharashtra leads in total revenue with Rs 3.28 lakh crore collections.
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As geopolitical tensions rise, NRIs returning to India for safety must navigate complex tax rules on remote work income, with residency status and citizenship key factors.
Starting April 1, 2026, PAN card applicants must submit additional documents beyond Aadhaar, including birth certificates and voter IDs. New application forms will be mandatory, and PAN name must match Aadhaar exactly.
The Income Tax Department has updated PAN card application rules effective April 1. Aadhaar alone is insufficient; applicants must provide additional documents like birth certificates or passports for verification.
A West Bengal migrant worker in Kerala claims he is a victim of identity theft after receiving a GST notice demanding Rs 1.56 crore. Bidyut Sheikh alleges his PAN card was used to register five fraudulent companies across India.
The Income Tax Department has confiscated Rs 1 crore in unaccounted cash in West Bengal within four days of launching 24x7 operations, with officials suspecting the money was intended for the 2026 assembly elections.
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The Income Tax Department's massive raids on Bindal Paper Mills Ltd and associated entities have uncovered unaccounted cash, jewelry, and evidence of a ₹50+ crore bogus purchase scam, with wrongful deductions of ₹171.3 crore under investigation.
The Central Board of Direct Taxes has officially notified the Income-tax Rules, 2026, operationalizing the simplified direct tax legislation passed by Parliament last year. The new framework, effective from April 1, 2026, simplifies language, reduces sect
Goa's commercial taxes department has demanded Rs 1,752.4 crore from Delta Corp Ltd and its subsidiary Highstreet Cruises for alleged GST shortfall for 2022-23, based on gross bet value calculations.
India's net direct tax collection increased by 7.1% to approximately Rs 22.8 lakh crore till March 17 this fiscal, driven by slower refunds and higher corporate tax mop-up, with corporate taxes growing 13% and non-corporate taxes up 3%.
The Income Tax department has launched a round-the-clock control room in Guwahati to monitor suspicious movement of cash and valuables during Assam Assembly elections, urging citizens to report anonymously.
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Tax professionals in Madhya Pradesh request a one-year extension to March 2027 for disposing of 3,500 pending pre-GST appeals, citing GST workload and case complexity.
Leader of Opposition Umang Singhar has written to Union Finance Minister Nirmala Sitharaman, alleging organized GST evasion in Madhya Pradesh and demanding a comprehensive central investigation.
Goa's tax commissioner issues directive making venue owners liable for GST dues if they fail to report events, targeting evasion by organizers from other states at fashion shows, concerts, and sports events.
Goa's commercial tax department reports 349 GST appeals pending before state appellate authorities, yet no tax dues are outstanding. Chief Minister Pramod Sawant explains the GST payment mechanism ensures returns cannot be filed without clearing dues.
The Draft Income-tax Rules, 2026 propose sharp upward revisions to outdated exemption thresholds, potentially making the old tax regime more competitive against the new system.
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A parliamentary committee has called for a paradigm shift in the Income Tax Department's litigation approach, citing systemic weaknesses revealed by repeated adverse outcomes in court cases.
A parliamentary committee has called for a paradigm shift in the Income Tax Department's litigation approach, citing systemic weaknesses highlighted by repeated adverse outcomes in court cases.
The Income Tax Department has urged taxpayers to disregard emails with incorrect 'significant transactions' details for AY 2026-27, citing a system error that affected thousands, especially in Gujarat.
The Income Tax Appellate Tribunal in Ahmedabad has ruled in favor of a cryptocurrency trader, deleting additions to income and highlighting inconsistent tax department standards, potentially aiding many facing similar demands.
The Income Tax Department alerts taxpayers to disregard fraudulent emails regarding 'significant transactions' in the Advance Tax e-campaign for AY 2026-27. CBDT advises verification via the official Compliance Portal.
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A 25-year-old man was arrested in Noida for his involvement in a gang accused of tax evasion worth nearly Rs 2 crore. The gang used fraudulent firms to file bogus IGST claims and generate fake invoices.
The Bombay High Court has directed the DGGI to return Rs 1 crore cash seized from a trader's office and her parents' home, citing illegal seizure procedures and lack of authority under GST laws.
The Bombay High Court has directed the GST intelligence agency to return Rs 1 crore seized from a trader's office and her parents' home, citing illegal seizure procedures and lack of authority under CGST Act.
The Gokhale Institute of Politics and Economics in Pune will hold a conference on March 13 to discuss the benefits of the 2025 GST changes, featuring experts from academia, government, and industry.
The Income Tax department's nationwide survey of 62 restaurants across 46 cities revealed suppression of sales worth Rs 408 crore, using AI tools to analyze data from 1.77 lakh F&B establishments.
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The Income Tax Department continues its survey for a second day at three Jaipur restaurants and one in Ajmer, investigating suspected tax evasion through income manipulation and suppression.
