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Tax officers to file self-appraisal report on e-assessment

Tax officers to file self-appraisal report on e-assessment

Tightening reporting norms, the tax officers have been asked to submit self appraisal reports to the Revenue Department and explain reasons for the "poor performance" in doing e-scrutiny of tax returns.

After Noida, IT dept raids Axis Bank branch in Connaught Place

After Noida, IT dept raids Axis Bank branch in Connaught Place

Just after raiding its Noida branch earlier in the day, Income Tax department has conducted raids on Connaught Place branch of Axis Bank.

Police raids Delhi hotel, seizes  Rs 3.25 crore in old notes

Police raids Delhi hotel, seizes Rs 3.25 crore in old notes

Based on a tip off, a joint team of Income Tax and the Delhi Crime Branch raided a hotel in Karol Bagh area and seized Rs 3.25 crore in old notes from five persons.

Now, income tax e-notices to have official phone number, email of taxman

The department has recently launched a first-ever pilot project to begin an email based scrutiny assessment of taxpayers in select cities.

Big hawala racket busted in India, IB suspects underworld don Dawood Ibrahim's role

Big hawala racket busted in India, IB suspects underworld don Dawood Ibrahim's role

The Intelligence Bureau (IB) has alerted the government about numerous bank accounts which are involved in either hawala or fake lottery schemes running across the country, possibly being operated by underworld don and India’s most wanted fugitive Dawood Ibrahim, who runs his crime syndicate from Pakistan.