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Income Declaration Scheme: I-T offices to remain open till midnight on Sept 30

Income Declaration Scheme: I-T offices to remain open till midnight on Sept 30

The taxman will undertake a midnight vigil on September 30 as CBDT has directed the Income Tax department to keep their offices country-wide open in order to receive declarations under the domestic black money window - the Income Declaration Scheme (IDS).

Income Declaration Scheme: I-T offices to remain open till midnight on Sep 30

The taxman will undertake a midnight vigil on September 30 as CBDT has directed the Income Tax department to keep their country-wide offices open in order to receive declarations under the domestic black money window - the Income Declaration Scheme (IDS).

I-T asks declarants to hurry as blackmoney window nears end

I-T asks declarants to hurry as blackmoney window nears end

The Income Tax department on Saturday said those holding potential black money should hurry up and declare their stash funds under the one-time domestic compliance window as only 20 days are left for the Income Declaration Scheme (IDS) to close.

Black money: 300% rise in raids, seizures

Black money: 300% rise in raids, seizures

The Income Tax department has seized an all-time high value of cash and jewellery, while Rs 3,360 crore unpaid taxes have been surrendered this year as part of its enhanced crackdown against black money holders in the country.

I-T dept to 'name and shame' chronic crorepati defaulters

I-T dept to 'name and shame' chronic crorepati defaulters

The I-T department had began publishing the names of tax defaulters in leading national dailies last year and has so far named 67 such big defaulters from across the country.

Tax dept asks officers to suggest changes in direct tax laws

In a bid to keep nation's tax laws in conformity with changing times, the Income Tax Department has created a permanent mechanism for seeking inputs from its officers for changes required in the direct tax regulations.

CBDT to acknowledge black money declarants by August-end

CBDT to acknowledge black money declarants by August-end

Black money holders who have disclosed their ill-gotten assets during July under the ongoing compliance window will receive acknowledgement from the tax department by August 30.

Bizarre! Two MP men clueless how millions came in their bank accounts as IT comes calling

Bizarre! Two MP men clueless how millions came in their bank accounts as IT comes calling

The money has long been withdrawn from their accounts, again without their knowledge, but by then there're already in for a major trouble.

Hurry up! Today is the last day to file your income tax returns

Hurry up! Today is the last day to file your income tax returns

Tax returns for 2015-16 (assessment year 2016-17) were originally to be filed by July 31. But in view of the day-long strike at public sector banks, the deadline has been extended to August 5.

Govt extends last date for filing income tax returns to August 5

Govt extends last date for filing income tax returns to August 5

Tax returns for 2015-16 (assessment year 2016-17) were originally to be filed by 31 July. But in view of the day-long strike at public sector banks, the deadline has been extended to 5 August.

Govt fixes December 31 deadline for retro tax settlement scheme

Govt fixes December 31 deadline for retro tax settlement scheme

Government has fixed December 31, 2016 as the deadline for companies like Vodafone and Cairn Energy Plc to settle their retrospective tax disputes.

PM Modi's ultimatum to tax defaulters | Part I

P.M Modi has given the last opportunity to tax defaulters for declaring their undeclared property under tax declaration scheme. Watch this special segment and get to know more here.

I-T dept detects Rs 22K crore undisclosed income in 2 years: FM Jaitley

I-T dept detects Rs 22K crore undisclosed income in 2 years: FM Jaitley

The Income Tax Department has detected undisclosed income worth Rs 22,475 crore in over 9,500 surveys conducted over the past two years, Finance Minister Arun Jaitley said Friday.

 

Issue upto Rs 5,000 refunds fast and quick: CBDT to I-T dept

CBDT has directed the Income Tax department to "expeditiously" issue refunds worth Rs 5,000 for last three assessment years in order to provide immediate relief to taxpayers.

Black money: Declarants can pay interest and penalty in three installments

Black money: Declarants can pay interest and penalty in three installments

The government on Thursday clarified that declarants under domestic black money disclosure scheme can pay interest and penalty in three installments

Blackmoney declarants cannot pay tax from undeclared income

Blackmoney declarants cannot pay tax from undeclared income

The government on Thursday clarified that blackmoney declarants using the one-time compliance window cannot pay tax and penalty from undisclosed income to bring down their liability and such acts will not get any immunity.

I-T department carries out searches at Indiabulls premises, stocks plunge 7%

I-T department carries out searches at Indiabulls premises, stocks plunge 7%

The Income Tax department on Wednesday conducted multiple searches in over 30 premises of Indiabulls group in connection with alleged tax evasion sending the company's stocks to crash up to 7 percent.

IT raids former Tamil Nadu minister's residence, offices

According to officials, the raid was conducted at several places in Chennai.

Black money: I-T to scrutinise high value transactions, penny stock trade

Black money: I-T to scrutinise high value transactions, penny stock trade

Income Tax Department has asked its top officers to closely scrutinise high-value transactions and investments in penny stocks to identify potential black money holders who can avail the four-month compliance window ending September 30 to come clean.