Income Tax

Finance Ministry Exempts Aadhaar Body UIDAI

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Centre Releases Additional ₹72,961.21 Crore in Tax Devolution

For a period of five years, till the fiscal year 2027–2028, the income of the Unique Identification Authority of India (UIDAI) is exempt from income tax payment, according to the finance minister. Thus, income tax would not apply to grants or subsidies from the central government, fees or subscriptions (such as RTI, tender, scrap, and … Read more

IT Raids Find ₹200 Cr Linked to Congress MP; Modi Promises

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Income Tax Raids Uncover Rs 200 Crore Linked to Congress MP; Modi Vows Full Public Refund

In a significant development, the Income Tax department has seized over Rs 200 crore during simultaneous raids at approximately 25 premises in Odisha and Jharkhand. The raids are connected to Baldeo Sahu and Group of Companies Ltd, a country-liquor manufacturing and selling firm operating across Odisha’s western districts. The total amount seized is expected to … Read more