Government notifies new and simplified ITR forms

The Income Tax department has notified the new set of ITR forms, including a three-page simplified one, for taxpayers to file their returns for assessment year 2015-16.

Ex-minister Vasant Sathe's son, daughter-in-law appears in court in IT case
Ex-minister Vasant Sathe's son, daughter-in-law appears in court in IT case

Former union minister Vasant Sathe's son and daughter-in-law were today granted bail by a Delhi court after they appeared before it as accused for allegedly not disclosing details of their joint Swiss bank account to the Income Tax Department.

ED widens probe against foreign funds in Lalit Modi firm

 The Enforcement Directorate (ED) has widened its probe into a foreign exchange violation case against former IPL boss Lalit Modi and others which involves alleged illegal routing of Rs 21 crore funds from a Mauritius- based company.

Now EPIC or Aadhaar document enough to get PAN card

An EPIC or Aadhaar document will now be enough for any individual to obtain PAN card as the Income Tax Department has relaxed the cumbersome procedure of having multiple documents to prove one's own identity.

16 lakh refunds worth crores lying unclaimed at I-T CPC

 A whopping 16 lakh refunds worth crores of rupees are lying unclaimed at the Income Tax department's central database centre for e-filing for want of "correct data from taxpayers".

Heightened vigil to check black money flow during Delhi polls

Central revenue department officials have raised vigil to check any flow of black money from air and land transit points ahead of the upcoming Assembly elections here.

Blackmoney case: Court summons Moin Qureshi, staff as accused

 Controversial businessman Moin Ahmed Qureshi was on Friday summoned as accused by a Delhi court in a black money case filed by the Income Tax Department for allegedly not disclosing his income of nearly Rs 20 crore.

CBI busts IT dept bribery scam, arrests senior officer, 3 others

Claiming to have unearthed a major bribery scandal in the Income Tax Department's Investigation Wing, the CBI on Sunday said it arrested a Chennai-based Joint Commissioner, two chartered accountants and a businessman.

Departmental proceedings against Jaya in IT case withdrawn

The Income Tax departmental proceedings against AIADMK chief Jayalalithaa and her close aide Sasikala in four cases have come to an end, as the final orders were passed by department on accepting the compounding fee.