Income Tax department

Karnataka assembly elections 2018: Income Tax sleuths seize cash, gold

Karnataka assembly elections 2018: Income Tax sleuths seize cash, gold

A single-phase election to the 225-member Karnataka Assembly, including one nominated candidate, is scheduled on May 12.

Apr 21, 2018, 18:26 PM IST
ITR filing for FY 2017-18: Are you saving your tax legally?

ITR filing for FY 2017-18: Are you saving your tax legally?

The last date for filing the ITR is July 31.

Apr 19, 2018, 13:41 PM IST
I-T department warns salaried class against filing wrong ITRs

I-T department warns salaried class against filing wrong ITRs

The advsiory comes in the backdrop of the investigation wing of the department unearthing a racket of extracting fraudulent tax refunds by employees of bellwether information technology companies based in Bengaluru.

Apr 18, 2018, 16:05 PM IST
Finish issuing all demonetisation notices by May: CBDT to I-T dept

Finish issuing all demonetisation notices by May: CBDT to I-T dept

IT department had launched an 'Operation Clean Money' (OCM) to check black money post demonetisation.

Apr 03, 2018, 17:52 PM IST
Income Tax Department names and shames 24 defaulters owing Rs 490 crore in taxes

Income Tax Department names and shames 24 defaulters owing Rs 490 crore in taxes

The notice, issued by a nodal office of the Principal Director General of Income Tax in Delhi, "advised" the named defaulters to pay their tax arrears immediately.

Mar 29, 2018, 23:07 PM IST
I-T Department seizes two bank accounts of Punjab minister Navjot Singh Sidhu

I-T Department seizes two bank accounts of Punjab minister Navjot Singh Sidhu

 For failing to present bills of expenditure shown in his tax returns filed for FY15, which has dues amounting to over Rs 52 lakh against Sidhu.

Mar 29, 2018, 19:41 PM IST
Paid all applicable taxes, I-T dept's position without merit: Cognizant

Paid all applicable taxes, I-T dept's position without merit: Cognizant

The tech giant's comments follow ITD's freezing its certain bank accounts in the country over a dispute on payment of dividend distribution tax (DDT) running into hundreds of crores.

Mar 28, 2018, 14:32 PM IST
IT department freezes certain Cognizant bank a/cs for non-payment of Rs 2,500 crore

IT department freezes certain Cognizant bank a/cs for non-payment of Rs 2,500 crore

The U.S.-listed IT services has significant operations in India where the majority of its 260,000 employees reside.

Mar 28, 2018, 08:17 AM IST
Revised ITR filing: Income Tax office to remain open this weekend

Revised ITR filing: Income Tax office to remain open this weekend

Income Tax Department has fixed March 31, 2018 as the last date to file tax returns for AY 2016-2017 and 2017-2018.

Mar 27, 2018, 12:43 PM IST
Kalanithi Maran liable for SpiceJet tax defaults

Kalanithi Maran liable for SpiceJet tax defaults

Kalanithi Maran was inducted as chairman and director of SpiceJet Limited with effect from November 15, 2010.

Mar 07, 2018, 09:48 AM IST
Rotomac bank fraud: I-T dept attaches 11 bank accounts

Rotomac bank fraud: I-T dept attaches 11 bank accounts

The Kanpur-based group is being probed by the CBI and the Enforcement Directorate in connection with an alleged bank loan fraud of Rs 3,695 crore, given by a consortium of seven banks.

Feb 20, 2018, 13:23 PM IST
PNB fraud: Income Tax Department attaches 7 properties of Mehul Choksi, Gitanjali group in Mumbai

PNB fraud: Income Tax Department attaches 7 properties of Mehul Choksi, Gitanjali group in Mumbai

In connection with Rs 11,400 crore fraud at state-run lender Punjab National Bank.

Feb 19, 2018, 21:57 PM IST
PNB fraud: ED, CBI widen probe; 200 shell firms, benami assets under scanner

PNB fraud: ED, CBI widen probe; 200 shell firms, benami assets under scanner

ED suspects that the shell firms were being used to route funds, which were then parked as land, gold and gems under fake identities.

Feb 19, 2018, 00:00 AM IST
PNB vows to book culprits of $1.77 billion fraud; ED, CBI turn up heat on Nirav Modi

PNB vows to book culprits of $1.77 billion fraud; ED, CBI turn up heat on Nirav Modi

The Central investigation agencies moved separate applications to the MEA seeking the revocation of passports of Nirav Modi and his maternal uncle Mehul Choksi.

Feb 16, 2018, 00:17 AM IST
Do not take coercive steps against start-ups: CBDT to Taxman

Do not take coercive steps against start-ups: CBDT to Taxman

For recovering pending taxes from start-ups under a specific provision of the Income Tax Act.

Feb 07, 2018, 17:59 PM IST
100,000 Bitcoin investors get notices from Income Tax Department

100,000 Bitcoin investors get notices from Income Tax Department

The Taxman sent notices to those people, who have invested in cryptocurrencies like Bitcoin without declaring these in their income tax returns,

Feb 06, 2018, 19:01 PM IST
Govt consolidated direct tax reforms; net widens to 8 crore:  CBDT chairman

Govt consolidated direct tax reforms; net widens to 8 crore: CBDT chairman

Tax department started e-assessment of income tax forms in September 2017 and 60,000 cases have been completed through e-assessment so far.

Feb 06, 2018, 14:52 PM IST
I-T dept attaches benami properties worth Rs 3,500 crore

I-T dept attaches benami properties worth Rs 3,500 crore

The department had set up 24 dedicated Benami Prohibition Units (BPUs) under its Investigation Directorates all over India in May, 2017 to ensure swift action in respect of Benami properties.

Jan 11, 2018, 15:46 PM IST
Taxman alert: Keep away from benami transactions

Taxman alert: Keep away from benami transactions

The department put out its alert in a public advertisement published in leading national dailies.

Jan 10, 2018, 14:43 PM IST
Are you lliable to pay any income tax? Know your IT slab category

Are you lliable to pay any income tax? Know your IT slab category

If you are confused as to how much income tax you need to pay from your earnings, here's a list of details that you should remember.

Dec 28, 2017, 09:50 AM IST