The union government is considering extending the deadline to file income tax returns which expire on the 31st of December. The consideration is right now for a week to 10 days of extension and no final decision has been made. Representations have been made to the CBDT to extend the deadline since the beginning of this month, and the government is still assessing whether there is a need for an extension or not.

India has extended the suspension of regular international flights till January 31 as fears of Omicron intensify. Other nations have also re-imposed travel curbs to check the spread of the new COVID variant. This will impact international travel, which had just started showing signs of revival.

As 2021 draws to a close, revenue collections are inching closer to the targets set by the government in the Union Budget, on the back of modest targets and heightened vigilance. Here's how the numbers stack up

The Income Tax department has unearthed cash worth Rs 250 crore from the residence and factories of Kanpur-based perfume industrialist Piyush Jain. Here’s a look at some of the biggest Income Tax raids in India in recent years.