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Lalit Modi got us when he said its just usual routine questioning by Income Tax officials in his office Thursday. Well... Real issues are deep. Income Tax officials found a "mystery" woman who vanished from the scene minutes before the checking process started. Income Tax officials believe that m

The Central Information Commission has been informed that several records have gone missing from the Income Tax department because of a restructuring drive in 2001 and 2013. The Information Commissioner, Bimal Julka noted it when the tax department couldn't furnish information to an RTI applicant.

As a salaried person, you must have heard the term 'Form 16'. It basically serves as a certificate issued by your employer that your Tax Deducted at Source (TDS) has been accounted for from your salary and deposited with income tax authorities on your behalf. So, here are some details you should know about form 16.

Permanent Account Number (PAN) is a unique, ten-digit alphanumeric identity issued by the Income Tax Department to all taxpayers in India.PAN facilitates instrumental transactions such as tax payments, entering certain financial contracts, and filing I-T returns.

Less than two weeks after Prime Minister Narendra Modistarted his second term, the Centre cracked down on corrupt officials of the Finance Ministry. On Monday, the government forcibly retired 12 senior Income Tax officials, which included a chief commissioner, principal commissioners, and commissioner. The officers faced charges ranging from extortion, bribery and sexual harassment. Here's what went down.

Dec. 5 (Bloomberg) -- Senate Majority Leader Harry Reid plans to offer a new proposal to extend payroll tax cuts and unemployment benefits that are set to expire this month.

India Inc believes the move by the Barack Obama administration to reduce tax breaks for US firms that ship jobs overseas will hit American companies more than impact on the Indian outsourcing industry. "It's a more US-US issue rather than one aimed at stopping outsourcing, or off-shoring, or anything to do with India," said Som Mittal, president of the National Association of Software and Service Companies (Nasscom), a representative boddy for the industry.

While throwing sarcasm over former Union Environment Minister Jayanthi Natarajan, Narendra Modi jibed her for forming 'Janyanthi tax' in order to get green signal for the projects buried in cold-storage.

Yesterday, Delhi police captured seven government officials on Thursday for allegedly taking bribe. According to the reports, the officers belong to different departments that including Trade and Taxes and PWD. On the basis of many complaints, Anti-Corruption Branch arrested them.

PAN card has become a most essential document to have. Issued by the Income Tax Department, PAN consists of a 10-digit alphanumeric number and serves as an identity proof. It is necessary for all major financial transactions. Here are some lesser-known, interesting facts to know about PAN card.

आप यह समझ सकते हैं कि समय पर इनकम टैक्स रिटर्न (ITR) फ़ाइल करना कितना ज़रूरी होता है। लेकिन यदि आप अपना ITR फ़ाइल करने वाले हैं या पहले ही फ़ाइल कर चुके हैं, तो ध्यान दें कि आपको इसकी विधिवत जाँच करवानी होगी। इसकी जाँच आप स्वयं से अपनी सुविधानुसार ऑनलाइन या ऑफलाइन भी कर सकते हैं। आज हम आपको ITR को सत्यापित करने के पाँच तरीके बताने जा रहे हैं।

The I-T Department has been urging all taxpayers to link their Aadhaar with PAN for a long time now. The official stipulated deadline for linkage is March 31. Earlier, the Supreme court had clarified that it is mandatory to link the two IDs in order to file I-T returns. Here's why and how to do it.

If your PAN is not linked with Aadhaar latest by August 31, it might get deactivated. To facilitate the linkage, it is important to have consistent demographic details in both the documents. So, in case there is a mismatch of name in your PAN and Aadhaar, you must update one of these. Here's how.