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.

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.

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.

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.

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.

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.

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.

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.

I-T dept creates 56 new ASK offices for taxpayers

In order to create better facilities for taxpayers, the Income Tax department has created 56 new outreach centres across the country during this financial year.

Blackmoney in polls: I-T starts helpline for Delhi

The toll-free number--1800110132-- will be monitored round-the-clock and will be supervised by a senior officer.

I-T dept identifies 21.75 lakh tax 'non-filers'

In a last-ditch effort to meet revenue targets, the Income Tax Department on Friday said it has identified 21.75 lakh new "potential non-filers", and urged all tax payers to disclose their true income and pay appropriate taxes.

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 detects unaccounted assets worth over Rs 1,400 crore

An STR involves a transaction of Rs 10 lakh and above, which gives rise to a reasonable ground of suspicion that it may involve the proceeds of crime including drug trafficking and illegal money.

I-T Dept's information utilisation deficient, says CAG

There are deficiencies in the Income Tax Department's utilisation of information related to taxation and sometimes available details are either inadequate or incorrect, says a report by official auditor CAG.

I-T dept shifts from Mayur Bhawan to Civic Centre

Taxpayers in the national capital will from now on have to go to Civic Centre instead of Mayur Bhawan for filing returns and other services.

Stock Guru scam: I-T officer removed from Finance Ministry

A senior Income Tax official has been removed from the Finance Ministry after CBI carried out raids at his properties on charges of allegedly taking bribe during a probe into the Rs 500-crore Stock Guru scam.

Stock guru scam: I-T official took bribe in crores

CBI Monday carried out searches at office and residence of a Deputy Commissioner, Income Tax after registering a case against him for allegedly taking bribe running into crores of rupees during the department's probe into the Rs 500-crore Stock Guru scam.

FM to review I-T dept's appeal-filing mechanism soon

The Minister may review the mechanism in the middle of next month with senior officials of the Finance Ministry and the Central Board of Direct Taxes (CBDT).

CBDT cracks whip on I-T; sets 21-day timeline in appeal cases

Cracking the whip, the CBDT, through its Directorate of Legal and Research, has also mandated that any action of delay in filing of appeals in the High Courts or Special Leave Petitions (SLPs) in the apex court may attract "administrative action".

I-T, ED on trail in coal allocations scam

Both the agencies under the Finance Ministry have begun a discreet inquiry into the firms, especially those who have been recently booked by the CBI in its latest FIR.