Income Tax Scanner

Challenges and opportunities loom in equal measure ahead of FY26 Budget

While the formal meetings of Finance Minister Nirmala Sitharaman with various stakeholders seeking their wishlist for Budget 2026 is expected to begin next month, the budget-making exercise is gaining

Tax notices issued to wealthy Indians over undeclared Dubai properties

UAE authorities shared details of offshore properties of affluent Indians who spent less than 90 days in the country, thereby not protected by residency permits

Shree Cement plunges 10%; hits 5-month low amid ongoing Income Tax survey

Last week the Income Tax department initiated a survey action at five locations of the cement manufacturer.

Adani-Hindenburg saga: Two Mauritius firms in report were under I-T lens

In its Adani report, Hindenburg Research named five Mauritius-based companies that collectively held sizeable stakes in Adani group companies over one and a half decades

Top headlines: I-T scanner on Angel investments, Tata-Wistron deal & more

Business Standard brings you top headlines at this hour

Story in numbers: Mystery of unknown sources of political party funding

Known sources have been defined as donations above Rs 20,000, whose donor details are available through contribution reports as submitted by national parties to the ECI

I-T questions two Axis Mutual Fund executives in front-running case

Sources in the Income Tax department have said that they grilled two serving executives of the Axis Mutual Fund in connection with the alleged front-running case

Proptech startup under scanner, suspected of tax evasion worth Rs 224 cr

According to CBDT, the startup allegedly obtained huge foreign funding via the Mauritius route, issuing shares at an "exorbitantly" high premium.

Why large taxpayers may soon get a call from I-T officers working from home

The tax department last week asked field formations to submit a daily report on follow-ups on pending tax collections from large taxpayers

PAC likely to examine the alleged tax related violations by the Tata Trusts

On November 1, Tata Trusts said the Income Tax Department has cancelled registration of its six trusts

Frequent large cash deposits, withdrawals can lead to tax scrutiny

Tax experts say frequent cash transactions usually raise red flags with the department. It's not uncommon for them to send a notice in such cases, and ask for a detailed explanation

I-T scanner on corporate results ahead of advance tax filing

Tax dept to start sending letters to companies on Dec 1 seeking reasons for payment shortfall

10,000 property deals under I-T scanner

The tax dept is expected to launch Project Insight next month to make evasion even tougher

Cash payment prohibited: Taxmen warn against cash dealings above Rs 2 lakh

Receiving or repaying Rs 20,000 or more in cash for transfer of immovable property and paying more than Rs 10,000 in cash related to expenditure of business or profession is also banned