Taxpayers can file updated IT return within 2 years: FM

On giving tax relief to persons with disability, Sitharaman said the law currently provides for deduction to the parent or guardian when they take an insurance scheme for the differently abled person only if the lump sum payment or annuity is available to the differently abled person on the death of the subscriber.

Yediyurappa may face ED probe after IT raids on his close aide

IT department claimed that one of the groups has admitted to having indulged in inflating labour expenses amounting to Rs 382 crore. Another group has been found to have taken accommodation entries, from non-existing paper companies to the extent of Rs 105 crore, which has been admitted by this group.

I-T raids in Bengaluru unearth undisclosed income of Rs 750 cr

The department carried out the search operations on three major contractors based out of Bengaluru and engaged in the execution of irrigation and highway projects. The searches which commenced on October 7 have been carried out at 47 premises across 4 states.