Income Tax notice News

Receiving a notice from the Income Tax Department can feel stressful, even when you've filed your returns correctly and on time. But certain high-value or suspicious transactions can still put you on their radar. Here's a reader-friendly guide to six financial moves that may result in a tax notice—and how to stay on the safe side.  

As part of a well-planned conspiracy of the central government, the bank accounts of the Congress party were frozen and now undemocratic action is being taken against it by the Income Tax Department which has asked it to pay Rs 1,823.08 crore, he said.

Responding to the IT notice, the Congress party accused the BJP of squeezing it financially and of using tax authorities against it ahead of Lok Sabha elections beginning April 19

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The bank account which is linked to your PAN card will be frozen and then IT department will initiate the action.

The Congress on Tuesday termed the Income Tax notice served to Abhishek Manu Singhvi's wife Anita a clear-cut case of "political vendetta".

The Income Tax department has issued a notice to Arvind Kejriwal-led Aam Aadmi Party, citing discrepancies in the donors' list submitted to tax officials and what had been put up on the party website.

Delhi High Court on Thursday sought the Centre's response on Vodafone's plea challenging an Income Tax notice asking the company to show cause why its 2011-12 financial records not be subjected to special audit to arrive at the total income for assessment year 2012-13