I-T dept

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
Panama Papers: I-T dept conducts raids in Faridabad

Panama Papers: I-T dept conducts raids in Faridabad

The Income Tax department on Tuesday conducted searches at over 25 locations in Delhi and NCR.

Nov 29, 2017, 00:37 AM IST
November 9, 2017: News at a glance

November 9, 2017: News at a glance

Here are the top stories of November 9. 2017.

1. Himachal elections: In race towards CM's chair, Dhumal and Virbhadra cast their vote

Nov 09, 2017, 10:59 AM IST
Over 36 lakh bank a/cs saw cash deposit of Rs 10 lakh or more in a financial year

Over 36 lakh bank a/cs saw cash deposit of Rs 10 lakh or more in a financial year

Over 36 lakh bank accounts have seen cash deposits of Rs 10 lakh or more in a financial year, Parliament was informed on Tuesday.

Jul 18, 2017, 15:39 PM IST
Income Tax department warns against cash dealings of Rs 2 lakh, seeks tip-off

Income Tax department warns against cash dealings of Rs 2 lakh, seeks tip-off

Income Tax department on Friday warned people against indulging in cash transaction of Rs 2 lakh or more saying that the receiver of the amount will have to cough up an equal amount as penalty.

Jun 02, 2017, 17:11 PM IST
I-T dept activates all ITR forms for e-filing

I-T dept activates all ITR forms for e-filing

The new ITRs have been made available for filing on the e-portal of the department -- https://incometaxindiaefiling. gov.In.

May 04, 2017, 17:04 PM IST
Setback to India: International panel rejects stay on Cairn arbitration

Setback to India: International panel rejects stay on Cairn arbitration

The panel, comprising three judges of international repute, has also turned down India’s application for bifurcation of the issue of whether tax is covered under India-UK bilateral investment protection treaty.

Apr 26, 2017, 14:06 PM IST
I-T seeks Rs 30K crore penalty from Cairn for non-payment of tax

I-T seeks Rs 30K crore penalty from Cairn for non-payment of tax

Senior tax department officials said Cairn Energy has sought 10 more days to reply to the show cause seeking levy of penalty.

Apr 20, 2017, 15:43 PM IST
I-T dept files charge sheet against Amarinder Singh in foreign assets case

I-T dept files charge sheet against Amarinder Singh in foreign assets case

 Income Tax department has filed a charge sheet against Punjab Congress chief and former CM Amarinder Singh in a case of alleged untaxed foreign assets

Dec 02, 2016, 20:01 PM IST

Tax litigations: I-T dept to write to over 2.59 lakh taxpayers

After unleashing a massive awareness campaign for the one-time black money compliance window, the tax authority will now write to over 2.59 lakh taxpayers to avail benefits of a similar scheme where an estimated Rs 5.5 lakh crore is stuck in litigation.

Jul 19, 2016, 20:59 PM IST
Will file reply to IT dept show cause notice: Vodafone to HC

Will file reply to IT dept show cause notice: Vodafone to HC

Vodafone on Wednesday told Delhi High Court that it will file a reply by Friday to the income tax department's show cause notice asking the company why its 2011-12 financial records should not be subjected to a special audit.

Mar 23, 2016, 15:06 PM IST
No more extension to file reply on special audit notice would be granted: HC to Vodafone

No more extension to file reply on special audit notice would be granted: HC to Vodafone

The Delhi High Court on Monday asked Vodafone to reply to Income Tax Dept show cause notice by March 23.

Mar 21, 2016, 12:01 PM IST
Don't share your PINs, passwords: I-T Dept tells taxpayers

Don't share your PINs, passwords: I-T Dept tells taxpayers

Income Tax Department on Friday cautioned taxpayers not to share their PIN or password of mails saying it never ask for such details.

Feb 05, 2016, 16:31 PM IST

IT raids against Chettinad Group of companies

The group's Chairman Emeritus M A M Ramaswamy had yesterday declared that he has disowned his son M A M R Muthiah whom he adopted in 1996.

Jun 10, 2015, 11:47 AM IST

FIIs' books for past 6 years can be scrutinized by I-T Dept

The Income Tax Department can reopen books of past six years of foreign investors who are liable to pay Minimum Alternate Tax, sources said.

Apr 29, 2015, 18:56 PM IST

I-T dept publishes list of big tax defaulters in newspapers

As part of its strategy of 'naming and shaming' big defaulters, the Income Tax department on Sunday published names of 31 tax evaders who owe over Rs 1,500 crore tax to the government.

Apr 26, 2015, 13:42 PM IST

MNCs may have to disclose details of HQ ops to I-T dept

Multinational companies operating in India will soon have to disclose details of their operations at the country of residence and their revenue income to the Income Tax authorities.

Feb 02, 2015, 17:23 PM IST

Don't coerce assessee to falsely admit income: CBDT to I-T dept

Taking cognizance of a number of complaints from assessees who said they were "coerced" by I-T officials to admit having black money, the CBDT has issued a stern warning to the taxmen asking them to "strictly avoid" indulging in acts which later embarrass the entire department.

Dec 19, 2014, 19:29 PM IST

I-T dept launches secure email system for staff to curb frauds

To curb misuse of official cyber tools and attempts of phishing, the Income Tax department has rolled out a secure email system for all its employees and officers.

Oct 12, 2014, 09:39 AM IST

Swiss black money probe: Over 100 entities under scanner

Besides, 10-15 listed Indian companies including a few blue-chip names directly or indirectly linked to these banks.

May 07, 2014, 12:11 PM IST