I-T dept seeks details of political parties for MP polls

Political parties in Madhya Pradesh contesting the Assembly elections will have to submit details of their expenses before the polls.

I-T Dept employees join strike

Tax collection work was partially hit on Tuesday with a section of Income Tax Department staff going on a day-long strike.

Blackmoney: I-T Dept ready to consider Ramdev’s suggestions

Amid the threat of yoga guru Baba
Ramdev to go on hunger strike over the issue of black money,
the Income Tax department on Tuesday said it is ready to consider
his suggestions for unearthing unaccounted money.

I-T dept to publish names of tax defaulters

The problem has been further compounded with several of the tax defaulters having created `benami` assets to escape the dragnet.

I-T dept withholding Radia tapes: CBI to SC

The CBI and ED have complained to the SC about the Income Tax department`s actions.

I-T Dept slaps showcause notices on Jagan Reddy

The Income Tax Department has
slapped showcause and demand notices to the tune of Rs 122
crore on YS Jaganmohan Reddy, a former Congress MP that owns
Jagathi Publications, for mismatching amounts reported
in company records.

MCD signs deed for leasing Civic Centre space to I-T Dept

The Municipal Corporation of Delhi
today signed a lease deed of Rs 1800 crore with the Income Tax
Department for providing office space in its newly-built Civic
Centre building here.

I-T Dept streamlines tax refund procedure

In a move that will speed up the
issuance of I-T refunds, the Income Tax Department for the first time will accept all TDS credit and refund claims not
exceeding Rs 3 lakh and Rs 25,000, respectively.

I-T Dept unearths Rs 62 cr from 84 surveys in Indore

The Income Tax department here
unearthed an amount of Rs 62 crore from 84 surveys it
conducted during 2009\10, officials said.

CERT-In to look into cyber attacks affecting I-T dept, banks

The government`s top cyber security
arm has initiated a probe into complaints of I-T department,
banks and other financial bodies who have reported a spurt in
cyber attacks and fake mails, which was affecting their

I-T dept detects fraudulent refunds, to cross-check high refunds

Income Tax Dept has
detected incidents of fraudulent tax refunds in Mumbai earlier
this month and has decided to internally cross-check the
genuineness of all payouts of more than Rs one lakh to prevent
such recurrence.

I-T dept unearths Rs 9.4 crore undisclosed amount in raid

The Income Tax department in an
inter-state search on Wednesday unearthed an undisclosed sum of Rs
9.4 crore from a diversified business group, IT officials said

SC asks I-T dept, HCL Tech to take ADR route

The Supreme Court has asked the income tax department and HCL Technologies to resolve a dispute concerning international transactions.