Chowdary tipped to be new CBDT chief

Last Updated: Sunday, July 27, 2014, 19:15

Senior IRS officer K V Chowdary is tipped to be the new Chairman of the Central Board of Direct Taxes (CBDT), the apex authority of the Income Tax department.

Income tax office to remain open on Saturday and Sunday for ITR filing

Last Updated: Thursday, July 24, 2014, 13:05

The Last date to file returns of income of salaried employees and pensioners is July 31.

Conduct non-intrusive investigations: FM tells tax officials

Last Updated: Wednesday, July 23, 2014, 22:08

The Minister "exhorted the officers of the Income Tax Department to maximise the use of innovative and non-intrusive methods of investigation," an official statement said.

I-T Dept should unearth black money at home too: Arun Jaitley

Last Updated: Monday, July 21, 2014, 19:01

As government makes effort to bring illicit money stashed abroad, Finance Minister Arun Jaitley Monday asked the I-T Department to focus its effort on unearthing 'quite large' black money within the country as well.

Over Rs 1 lakh cr locked in excise, service tax litigation

Last Updated: Sunday, July 20, 2014, 19:12

Over Rs 1 lakh crore of taxes were locked up in various stages of litigation in service tax and central excise at the end of March 2013, official auditor CAG has said.

CBDT constitutes panel to suggest steps to reduce litigation

Last Updated: Thursday, July 17, 2014, 14:45

The Committee, according to the terms of reference issued by CBDT, will carry out detailed analysis of appellate orders and assessment orders on various aspects and recommend steps to reduce litigation before CIT (Appeal).

Black money: Over Rs 1 lakh cr illegal income detected

Last Updated: Wednesday, July 16, 2014, 16:51

Government has detected over Rs one lakh crore of undisclosed income in the last financial year, a figure more than double as compared to the search and seizure action undertaken by the Income Tax department during 2012-13 to check black money.

Satyam Scam: Sebi bars Raju, 4 others from capital markets; slaps Rs 1,849 cr penalty

Last Updated: Tuesday, July 15, 2014, 17:27

Sebi has barred Satyam founder B Ramalinga Raju, four other executives from capital markets for 14 years.

Beware of phishing emails, cautions Income Tax department

Last Updated: Monday, July 14, 2014, 21:50

The I-T department Monday cautioned the public against responding to emails originating from private addresses as tax personnel send communication only through official email addresses.