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This clarification was issued earlier in the day, when it was announced that India is considering overhauling its direct tax laws in order to streamline a complicated system of procedures and allow Prime Minister Narendra Modi to address income inequality if he wins election next year.

Income Tax Department clarifies No proposal before Government regarding Capital Gains Tax

The income tax department in India has issued notices to over 8,000 individuals who have made big gifts to charity trusts, suspecting them of tax cheating.

Income Tax Department sent Notices to around 8000 Taxpayers

Similar to the phoney PAN update fraud, a new scam is spreading in which scammers target people who are busy submitting their income tax forms.

Scammers are targeting customers as they file their Income Tax Returns; Beware of a new tax SMS scam

The Central Board of Direct Taxes (CBDT) has released the JSON Schema for ITR-2 and ITR-3 on Income-tax e-filing portal.

CBDT Released JSON Schema for ITR-2 and ITR-3

The Income Tax Department has released Time Series Data for Financial Year 2000-01 to 2021-22.

Income Tax Department released Time Series Data for FY 2000-01 to 2021-22

The Income Tax Department has notified that Form 52A now available for filing on Income Tax Portal, which was earlier notified via notification issued in September 2022.

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Income Tax Department clarifies No proposal before Government regarding Capital Gains Tax

Income Tax Department sent Notices to around 8000 Taxpayers

Scammers are targeting customers as they file their Income Tax Returns; Beware of a new tax SMS scam

CBDT Released JSON Schema for ITR-2 and ITR-3

Income Tax Department released Time Series Data for FY 2000-01 to 2021-22

Form 52A now available for filing on Income Tax Portal