Income Tax authorities

 HSBC discloses tax evasion probes in India, other countries

HSBC discloses tax evasion probes in India, other countries

Global banking giant HSBC has disclosed being probed by tax authorities in India and several other countries, including against its Swiss and Dubai units, for allegedly abetting tax evasion of four Indians and their families.

Feb 26, 2017, 16:55 PM IST
Modi govt scans pre-demonetisation deposits history in banks, post offices for tracing black money trail

Modi govt scans pre-demonetisation deposits history in banks, post offices for tracing black money trail

If you have a saving account in a bank or post office, and if you are yet to share your Permanent Account Naumber( PAN) or submit Form 60 so far, you need to expedite and do the needful latest by February end for enabling government to analyse the deposit history of your account.

Jan 07, 2017, 16:36 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

I never threatened I-T officials: Nitin Gadkari

Nitin Gadkari Sunday denied he had threatened income tax authorities.

Jan 27, 2013, 19:49 PM IST

'Banks sharing data with IT dept will help deter tax evasions'

Banks agreeing to share data with the income tax authorities will help in checking accumulation of black money and keep tax evaders at bay, industry body Assocham said on Thursday.

May 31, 2012, 21:43 PM IST

I-T authorities can dissect any takeover deal: SC

The Supreme Court on Thursday said income-tax (I-T) authorities can go behind a deal to ascertain whether it is a genuine and legal transaction or something else dressed up as a business deal.

Aug 04, 2011, 20:30 PM IST