Prestige Estates Offices Get Searched by the Income Tax Department
Prestige Estates Projects Ltd, a leading real estate firm, announced on Tuesday, 25 February, that the Income Tax Department has initiated a search operation at...
Tag : income tax department
Akums Drugs Shares Crash 8% as IT Department Conducts a Search
Shares of Akums Drugs and Pharmaceuticals Ltd crashed 8% on Wednesday, 22 January, after the company reported that the Income Tax department conducted a search...
IT Dept Not Using Digi Yatra Data to Target Tax Evaders
On Monday, the Income Tax department clarified that it is not using Digi Yatra data to target tax evaders, refuting reports that suggested otherwise. The...
Income Tax Refund Grew 46% in April-November
Tax refunds have surged by 46.31% to reach Rs 3.08 lakh crore between 1 April and 27 November 2024, compared to Rs 2.03 lakh crore...
Government of India working on New Income Tax Act
The Finance Ministry’s Revenue Department is expediting a comprehensive review of the Income Tax Act of 1961 to simplify and condense it by removing up...
Gross Direct Tax Collections Surged by 21% to Rs 12.01 Lakh Crores, April-Mid Sept Data
India’s gross direct tax collections for 2024 showed significant growth, with a 21.48% increase as of September 17, 2024. The surge in Securities Transaction Tax...
Finance Ministry: Not All Residents Leaving India Require Tax Clearing Certificate
The Finance Ministry clarified that not all residents leaving India need tax clearance certificates. This requirement applies only to specific cases under the Income Tax...
LIC Shares Climbed Over 5% After Receiving Rs 21,740-crore Refund
Life Insurance Corporation of India’s (LIC India) shares climbed over 5% on Monday as it received a refund of Rs 21,740.77 crore from the Income...
LIC Shares Slip 1% Lower on Receiving Rs 3,528.75 Crore Income Tax Demand Notice
Shares of Life Insurance Corporation of India (LIC) slipped 1% on 12 January after the company announced receiving two demand orders from the Mumbai income...
RR Kabel Shares Plunge After Income Tax Search At Factories and Offices
Shares of R R Kabel witnessed a decline, falling over 5% after reports surfaced about Income Tax searches at its offices and factories. RR Kabel...
