Authored by: Sunil Singh Updated Mar 25, 2026 21:17 IST Life Insurance Corporation of India (LIC) has informed after the stock market closed on Wednesday that the company has received a tax notice of about Rs 7100 crore from the Income Tax Department for the financial year 2021–22 (FY22), which includes Rs 6146.71 crore income…
The Income-Tax Department has detected under-reporting of sales worth. ₹408 crore after it conducted a nationwide survey of restaurants on charges of tax evasion, the CBDT said on Monday. Following the action of visiting their business premises on Sunday, the taxman is now sending emails and messages to as many as 63,000 such outlets “requesting”…
India government has issued a public alert warning citizens about a fraudulent email circulating with the tag of the Press Information Bureau (PIB), falsely asking recipients to download an “e-PAN card”. Authorities cautioned that the message is part of a phishing attempt designed to extract sensitive financial information and urged people not to interact with…
E-commerce company Meesho Ltd has learned after the stock market closed on Friday that the company has received a notice of Rs 1,500 crore from the Income Tax Department. In the information given to the exchange, the company said that it has received a tax demand order of about Rs 1500 crore for the assessment…
The Madras High Court on Friday dismissed a writ petition filed by TVK chief Vijay, who had challenged an Income Tax Department order directing him to pay a ₹1.50 crore penalty for allegedly failing to disclose his full income for 2015-16, PTI reported. Justice Senthilkumar Ramamoorthy, while rejecting Vijay’s petition, stated that the penalty order…
Show Quick Read Key points generated by AI, verified by newsroom C.J., chairman and owner of Confident Group, involved in real estate and consumer sector in Bengaluru, the capital of Karnataka. Roy committed suicide by shooting himself in his office on Friday (January 30, 2026). This incident happened at the office of Confident Group located…
Ashish Kacholia portfolio: Shares of Balu Forge, part of Ashish Kacholia’s portfolio, rallied 13% in intraday deals on Tuesday, January 13, snapping their nine-day losing run following the conclusion of the income tax (IT) department searches at the company’s locations. Balu Forge share price jumped 13.16% to the day’s high of ₹499.40 as against the…
Aadhaar-PAN link: The Income Tax (IT) Department of India has mandated taxpayers to link their Aadhaar number with their Permanent Account Number (PAN), to avoid any consequences while filing their returns. As per the official announcement, the final date of linking Aadhaar with PAN is 31 December 2025. Taxpayers who are looking to link their…
Show Quick Read Key points generated by AI, verified by newsroom Social Media: There is going to be a big change in the rules related to income tax in India, which can have a direct impact on the digital privacy of common people. From April 1, 2026, the Income Tax Department is going to get…
Income Tax Department has raided the house of Bollywood actress Shilpa Shetty and Raj Kundra in Mumbai. This action is being taken as part of the investigation into financial transactions and alleged tax irregularities related to his Bastion restaurant. The Income Tax Department is examining the documents at Shilpa Shetty’s house and the places associated…
