Income Tax

Direct tax collections jump 16% to Rs 3.86 lakh crore till September

Direct tax collections jump 16% to Rs 3.86 lakh crore till September

A Central Board of Direct Taxes (CBDT) statement here said the collections for the period April-September amount to 39.4 per cent of the total budget estimates of direct taxes for the current financial year.

Oct 11, 2017, 18:03 PM IST
Hyderabad, Pune and Chennai top targets for Income Tax Department tax base growth

Hyderabad, Pune and Chennai top targets for Income Tax Department tax base growth

The Income Tax Department has been tasked to add 1.25 crore new return filers in the current financial year as part of the government's plan to widen the tax base in the country.

Sep 28, 2017, 17:40 PM IST
Taxmen raid 10 locations across country in connection with DK Shivakumar case

Taxmen raid 10 locations across country in connection with DK Shivakumar case

The Income Tax (IT) department officials on Wednesday conducted a raid at the residence of Bengaluru-based Congress leader Vijay Mulgund.

Aug 30, 2017, 13:09 PM IST
Know how to link PAN, Aadhaar online before August 31 deadline

Know how to link PAN, Aadhaar online before August 31 deadline

The requirement for Aadhaar being quoted for availing government subsidies, welfare schemes and other benefits will also continue unhindered for now.

Aug 27, 2017, 13:28 PM IST
IT issues fresh summons to Lalu's daughter, son-in-law

IT issues fresh summons to Lalu's daughter, son-in-law

The department is probing how shell companies were used by Lalu Prasad and his family to buy expensive properties in Delhi and Patna in a benaami property case. 

 

Aug 17, 2017, 12:12 PM IST
Over Rs 3 lakh crore came into system after note ban: PM Modi

Over Rs 3 lakh crore came into system after note ban: PM Modi

 Listing the achievements of the NDA government in curbing black money, including demonetisation, Prime Minister Narendra Modi on Tuesday said that authorities had confiscated black money worth over Rs 1 lakh crore and around Rs 3 lakh crore had been brought into the banking system.

 

Aug 15, 2017, 11:34 AM IST
Deadline to file ITR 2017 ends today – All you should know

Deadline to file ITR 2017 ends today – All you should know

Key things you should keep in mind for filing your ITR.

Aug 05, 2017, 10:57 AM IST
I-T raids continue on Karnataka minister's houses; Rs 11 crore seized

I-T raids continue on Karnataka minister's houses; Rs 11 crore seized

Karnataka Energy Minister DK Shivakumar has been overseeing the stay of 44 Gujarat Congress MLAs at a resort on the outskirts of Bengaluru

Aug 03, 2017, 16:08 PM IST
Congress shaming itself by opposing I-T raid on Karnataka minister Shivakumar: BJP

Congress shaming itself by opposing I-T raid on Karnataka minister Shivakumar: BJP

BJP leader Shahnawaz Hussain said the raid was conducted after a proper probe conducted by the I-T department and on the basis of the evidence received against DK Shivakumar.

Aug 03, 2017, 07:59 AM IST
IT raids Karnataka Minister's houses, resort; Jaitley says exercise not connected with Gujarat RS polls

IT raids Karnataka Minister's houses, resort; Jaitley says exercise not connected with Gujarat RS polls

The Congress had flown its 44 Gujarat lawmakers from Ahmedabad on July 29 and lodged them in the Eagleton resort at Bidadi, 30 km from Bengaluru.

Aug 02, 2017, 23:52 PM IST
PAN card to be cancelled if not linked with Aadhaar till August 31

PAN card to be cancelled if not linked with Aadhaar till August 31

The interlinking of Aadhaar and PAN linking can be done till August 31. The government on Monday announced the extension in deadline. 

Jul 31, 2017, 16:21 PM IST
Deadline for filing income tax returns extended till August 5

Deadline for filing income tax returns extended till August 5

Tax returns for fiscal 2016-17 (assessment year 2017-18) were originally to be filed by 31 July. But in view of the reports that the e-filing website was facing glitches, the deadline has been extended to August 5.

Jul 31, 2017, 15:22 PM IST
Deadline to file income tax returns ends today- Here's all you need to know

Deadline to file income tax returns ends today- Here's all you need to know

Key things you should keep in mind for filing your ITR.

Jul 31, 2017, 09:16 AM IST
I-T dept probing 30,000 cases where ITRs revised after demonetisation: CBDT

I-T dept probing 30,000 cases where ITRs revised after demonetisation: CBDT

The Income Tax department is probing over 30,000 cases of alleged tax evasion wherein the returns (ITRs) were revised by assessees post demonetisation, CBDT chief Sushil Chandra said on Monday.

Jul 24, 2017, 22:23 PM IST
Deadline for filing income tax return nears; here are 10 common mistakes that you must avoid

Deadline for filing income tax return nears; here are 10 common mistakes that you must avoid

Filing of income tax return –the annual ritual –can get really troublesome if you don't pay heed to the details. Every year, numerous applications get rejected due to incorrect or mismatched information.

Jul 19, 2017, 17:17 PM IST

Fire at Income Tax office in Chennai, files burnt partially

There was no casualty in the fire in the fourth floor room of the office and it was put out soon, a Fire and Rescue Service official said.
 

Jul 07, 2017, 20:44 PM IST
High Court seeks Income Tax dept reply on Delhi Minister Satyender Jain's plea

High Court seeks Income Tax dept reply on Delhi Minister Satyender Jain's plea

The Delhi Health Minister's lawyers had said the purchase of assets from the proceeds of benami transactions, as contended by the income tax department, would not be benami as per the unamended Act.

Jul 06, 2017, 15:23 PM IST

Income Tax dept attaches Rs 300 cr benami assets of Chhagan Bhujbal

Benami' assets worth Rs. 300 crore of NCP leader Chagan Bujbal and his family have been attached by the Income Tax Department, which has slapped charges under a newly enacted criminal law against them.

Jul 05, 2017, 23:25 PM IST