Browsing Tag
Income Tax
67 posts
Bogus input on tax credit lands Zee, L&T in I-T net
The Income Tax Department on Monday carried out limited verification exercise at the office premises of the Zee Group and Larsen and Toubro to verify into their bogus inputs about tax credit, official said.
Madhya Pradesh To Pay Income Tax On Chief Minister, Council’s Salaries
For ministers being paid ₹ 1.7 lakh per month (not excluding allowances) nothing has changed. In fact, the state has just released ₹ 1.8 crore to pay for their taxes.
Three IRS officers chargesheeted over report on tax hike
New Delhi, April 28: The CBDT on Monday issued chargesheets against three IRS officers for “misguiding” taxmen and…
Deadline for filing GST return for March-May extended till June
New Delhi, March 24 : The Finance Ministry on Tuesday announced the extension of the deadline for filing…
New tax regime to benefit those not availing any deduction: Crisil
New Delhi, Feb 2: Moving to the new income tax regime for individuals makes sense for those who…
VG Siddhartha’s suicide: Modi betrayed people for Hassle-free economy, says Congress Leader
New Delhi, July 31: Congress on Wednesday accused Prime Minister Narendra Modi of betraying the people who voted…
IT attaches property of Mayawati’s brother, wife
New Delhi, July 18 The Income Tax Department said on Thursday it has attached a benami commercial plot…
JK Bank case: IT conducts raids at former finance minister’s son house in Jammu and Kashmir
The Income Tax Department on Thursday conducted raids at various locations of a prominent business group based in…
I-T team raids Srinagar Deputy Mayor’s offices
Srinagar, June 11 A team of Income Tax (I-T) officials on Tuesday raided the offices of Sheikh Imran,…
12 senior I-T officers told to resign by Finance Ministry
June 10: As much as 12 senior officers of the Income Tax Department have been told to resign…
I-T raids intensified in Andhra after poll announcement
Amaravati, April 17 There have been a handful of Income Tax (I-T) raids on some TDP leaders since…
P Chidambaram raises question over I-T tip-offs
Chennai, April 17: Congress leader and former Union Finance Minister P. Chidambaram on Wednesday wondered how the Income…
I-T raids on Kamal Nath aides raise political storm
Bhopal, April 7 (IANS) Pre-dawn raids at the premises of confidantes and relatives of Madhya Pradesh Chief Minister…
Income Tax raids premises of MP CM’s OSD, others; seizes cash
Bhopal/Indore/New Delhi, April 7 (IANS) In a major crackdown on hawala money, Income Tax Department teams on Sunday…
I-T department to use Big Data Analytics from April
New Delhi, March 29: Tax evasion is likely to get more difficult if not impossible with the entry…
Income Tax department draws bead on hawala operator behind Rapid Metro Gurgaon
New Delhi, Jan 29 : Income Tax authorities recently issued summons and a show-cause notice to IL&FS Rail…
Income Tax exemption threshold may go up in interim budget
New Delhi, Jan 14 : With middle-class apathy on the rise, Finance Minister Arun Jaitley may double the…
Income Tax raids at T-Series Group, including its Noida Film City office
Noida, Nov 29: The Income Tax officials on Thursday carried out searches at the premises of T-Series Group. …
IT searches end at TDP MP’s premises
Hyderabad, Oct 14 : Income Tax Department officials on Sunday ended a two-day long searches at the residences…
‘Panna Singh Pakore wala’ surrenders Rs 60 lakh to Income Tax dept
Ludhiana, Oct 6: The renowned pakoda seller of Ludhiana ‘Panna Singh Pakore wala’ on Saturday surrendered Rs 60…
Karnataka Minister DK Shivakumar, four others gets conditional interim bail
Bengaluru, Aug 2: Karnataka Minister and senior Congress leader DK Shivakumar and four others were granted conditional interim…
Date for filing tax returns extended till Aug 31
New Delhi, July 26: The government on Thursday extended the date for filing income tax returns by one month…
Income Tax sleuths seize cash, gold in poll-bound Karnataka
Bengaluru, April 21 (IANS) Income-Tax (I-T) sleuths seized Rs 4.13 crore in cash and 4.52 kg gold jewellery…
Income Tax Offices across India to remain open on 29th, 30th & 31st March
New Delhi, March 27: The Income Tax offices across India will be functioning on 29th, 30th and 31st…
Another scam in making? as I-T sleuths uncover Rs 3,200 crore TDS scam
New Delhi, March 5: The Income Tax Department on Monday uncovered an alleged TDS scam worth Rs 3,200…
Demonetisation Aftermath: Deposited Rs. 15 lakh during note ban ? You could be in trouble
New Delhi, Feb 3: The Income Tax (IT) department has issued around two lakh notices to persons who…
Budget 2018: No relief for Salaried class as tax slabs remain unchanged
The Budget came as a set back for those who were expecting some relaxation in income tax as…
IT raids 33 places in Tamil Nadu
Chennai, Nov 28: Income Tax (IT) officials on Tuesday raided 33 premises in Tamil Nadu here and Madurai belonging…
IT sends Rs 30 cr tax notice to AAP
New Delhi, Nov 27: The Income Tax Department has served a Rs 30.67 crore tax notice to the Aam…
Task force on Income Tax will read law chapter by chapter: Adhia
New Delhi, Nov 23: The Income Tax Act, 1961 will be read “chapter by chapter” by the new task…
Hunt on for unaccounted wealth at Sasikala’s kin premises
Chennai, Nov 12: Income Tax officials continued for the fourth day on Sunday their search for unaccounted wealth at…
Centre asks taxpayers to confirm identity of income tax search authorities
New Delhi, Sep 22: The central government today asked taxpayers to confirm the identities of the income tax authorities…
IT raids former Karnataka CM S.M Krishna’s son-in-law’s firms
Bengaluru, Sep 21, 2017: Former Karnataka chief minister SM Krishna’s son-in-law VG Siddhartha was raided on Thursday by…
Income of 7 MPs, 98 MLAs under IT scanner : CBDT to Supreme Court
New Delhi, Sep 12: The Central Board of Direct Taxes (CBDT) on Monday told the Supreme Court that…
Income tax offices to remain operational on Saturday for ITR filings
New Delhi, Aug 4: Income tax offices across the country will remain open till August 5 midnight to…
ITR filing date extended till August 5 for FY 2016-17
New Delhi, July 31: The last for filling Income-tax return has been extended to 5th August for financial year…
Tax payers to link Aadhaar to PAN in filing returns from July 1: CBDT
New Delhi, June 10 : All tax payers who have been allotted Permanent Account Number (PAN) should intimate their…
IT sleuths to file report on raids on former Nagaland top cop
Kochi, June 10: IT sleuths are to file a report on the alleged huge unaccounted wealth of former Additional…
Top bureaucrats under Income Tax Scanner
May 24, Wednesday : The Income Tax department is conducting raids at residence of top bureaucrats across Delhi…
Congratulations for new alliance partners : Lalu Prasad Yadav to BJP
May 16 , Tuesday : The Rashtriya Janata Dal supremo , Lalu Prasad Yadav congratulated ‘BJP for its new…
Lalu under IT scanner in Benami land deals worth Rs 1000 crore
New Delhi, May 16, 2017: The Income-Tax department on Tuesday are looking into Benami land deals worth Rs…
IT Dept launches e-facility to link AADHAR with PAN
Delhi: As we all Know, now one can easily file income tax returns online, following this to make…
BJP urges EC to ‘derecognise’ AAP
New Delhi, May 9: The BJP on Tuesday apprised the Election Commission of irregularities in the donation records of…
‘After note ban, dodgy money converted into gold, stored in shell companies’
Kolkata, May 3 : The massive hunt for undeclared cash launched across the country post demonetisation has revealed that…
ED attaches Rs 12 crore assets in demonetised currency case
Chennai, April 19 : The Enforcement Directorate (ED) on Wednesday announced that it has attached movable assets worth Rs…
EC cancels Chennai RK Nagar bypoll over use of money power
Chennai, April 10, 2017: The Election Commission of India on Monday decided to cancel the April 12 by-election…
#BUDGET2017: Jaitley announces tax sops to woo middle class
New Delhi, February 1: Finance Minister Arun Jaitley offered a big budgetary sop for middle class after demonetisation…
I-T detects Rs 871 crore scam in Rajkot bank
NEW DELHI, 9 Jan: The income tax (I-T) department has found huge alleged discrepancies in the transactions of…
Rs 4,807 crore black income detected, Rs 112 crore of new notes seized
NEW DELHI, 9 Jan: Since the November 8 note ban announcement, India’s Income Tax Department has detected undisclosed…
Tax dispute resolution scheme fails to take off; Only 300 assessees come forward
New Delhi, December 20: Modi government’s tax dispute resolution scheme has failed to sail off as only 300 assessees…
Post demonetisation: IT dept warns against revising ITRs
New Delhi, December 15: In a yet another step to slay money launderers, CBDT on Wednesday issued a…
Delhi: ED finds Rs 150 crore suspicious deposits in HDFC branch
New Delhi, December 14: Hastening the battle against Hawala operators and money launderers, Enforcement Directorate has found at least 6…
Demonetisation to curb Black Money turned black days for many…
By Armaan Amrohi An article in short about the overall insight of markets in Delhi post demonetisation. My…
Over Rs 3.25 cr seized in new currency in 24 hrs
New Delhi, December 13: While common people continue to suffer due to cash crunch caused by demonetisation of…
Modi govt may give black money holders another chance to come clean this week
New Delhi, December 12: As per a government official, government may notify this week a scheme that would…
The mammoth task of sorting out black and white for IT department
New Delhi, December 10: PM Narendra Modi led government is looking forward to use sleazing tax blade on…
Post demonetisation, worries about tax inspector raj looming
New Delhi, December 10: Post demonetisation of Rs 500 and Rs 1000 currency notes, more than 75 %…
I-T Department detects Rs 1.64 crore of undisclosed money in Jan Dhan accounts!
Investigation being conducted by the Income Tax Department across India into the sudden surge in cash deposits in…
LS passes bill to amend Income Tax Act without debate
New Delhi, November 29: Amid ruckus over demonetisation and Prime Minister Narendra Modi’s prevailing absence from the house,…
AAP into income tax net over donation issue
New Delhi, October 14: AAP has found itself in a spat of controversies every time. This time, party’s…
AAP MLA Kartar Singh Tanwar concealed for unaccounted money
Aam Aadmi Party MLA Kartar Singh Tanwar, reportedly concealed money worth Rs 130 crore that he cannot give…
AAP MLA in trouble, Income Tax raid at legislator’s residence
Aam Aadmi Party (AAP) MLA has landed in trouble. Income Tax officials are today raiding the residence of…
Black money: SIT for ban on cash transactions over Rs 3 lakh
New Delhi, July 14 In order to tackle black money, the Special Investigation Team (SIT) has recommended a…
Vijay Mallya seeks more time to appear before ED
Liquor baron Vijay Mallya will not appear before the Enforcement Directorate in Mumbai on Saturday in connection with…
FM Arun Jaitley opened a bag for Youth, million young will be benefited in 3 years..
Finance Minister’s Arun Jaitley presented a Budget 2016-17 in the Lok Sabha on Monday. While presenting the Union…
E-filing: Over 50 lakh ITRs e-verified by IT dept
The Income Tax department’s ambitious OTP-based ITR filing system for taxpayers has crossed the 50 lakh e-verification mark,…
Arun Jaitley indicating IT department to issue notice to Congress: Kapil Sibal
NEW DELHI: Alleging political vendetta in the National Herald case, senior Congressleader Kapil Sibal today accused Finance Minister…