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Undisclosed income of Rs 90,000 crore detected in 2013-14

Undisclosed income of Rs 90,000 crore detected in 2013-14

Last Updated: Friday, August 22, 2014, 18:26

Undisclosed income to the tune of Rs 90,000 crore was detected during 2013-14 in various searches and surveys conducted by the Income Tax department, a top official from the Central Board of Direct Taxes (CBDT) said here on Friday.

SpiceJet under I-T scanner for TDS violations

SpiceJet under I-T scanner for TDS violations

Last Updated: Friday, August 22, 2014, 15:55

SpiceJet is under the scanner of Income Tax Department for suspected violations of TDS and distribution of Form-16 to its employees.

I-T department exposes huge tax evasion through open offers

I-T department exposes huge tax evasion through open offers

Last Updated: Friday, August 22, 2014, 14:26

Meanwhile, the Income Tax department is probing over 77 companies which had issued an open offer of more than Rs 25 crore in FY 13-14.

Black money: List of 600 Indians with doubtful stash under probe

Last Updated: Thursday, August 14, 2014, 15:12

In another instance of suspected black money stashed by Indians abroad, investigative agencies are probing a set of 600 new names and identities which have been provided to India by a "source" during the last financial year.

Govt to pay Rs 48,069 cr as IT returns for FY13 and FY14

Last Updated: Tuesday, August 05, 2014, 17:05

Government has to pay as much as Rs 48,069 crore as income tax returns for 2012-13 and 2013-14, Parliament was informed on Tuesday.

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.

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.

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.

BJP MP Giriraj Singh`s house robbed; 4 arrested, 1.14 crore cash seized

Last Updated: Wednesday, July 09, 2014, 09:46

Four persons were on Tuesday arrested in connection with a burglary in BJP MP Giriraj Singh`s house in Patna and Rs 1.14 crore cash, 600 US dollars, gold and silver jewellery and six luxury watches purportedly stolen were also recovered from them.

No inquiry pending against Gadkari: IT Department

Last Updated: Monday, May 12, 2014, 12:05

The Income Tax department has said that there is no inquiry or investigation presently pending with it against former BJP President Nitin Gadkari.

I-T dept conducts raids at premises of 2 companies

Last Updated: Thursday, May 08, 2014, 15:41

The Income-Tax department today conducted raids at premises of two manufacturing companies located in Rajasthan as well as outside the state country for suspected tax evasion, I-T sources said.