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Income Tax raid at AAP legislator's residence

Sanjay Singh said AAP legislators were being targeted by the Modi government everyday.

CBDT issues draft norms for taxing buy back of unlisted shares

Central Board of Direct Taxes (CBDT) Monday came out with draft rules for determining the quantum of distributed income arising out of buy back of shares of unlisted companies for levy of tax.

Department of Posts fails to pay tax, CBEC faults officials

Department of Posts fails to pay tax, CBEC faults officials

The Department of Posts could not pay its service tax because of "unwarranted refusal" by the officials concerned who did not exercise their discretionary power in letting it pay the levy through cheque.

I-T dept to issue notice to seek information about PAN

I-T dept to issue notice to seek information about PAN

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I-T dept identifies 90 lakh high-value transactions without PAN; to seek details

I-T dept identifies 90 lakh high-value transactions without PAN; to seek details

The high-value transaction trails were detected following the department's drive to bring to book maximum amount of black money during the one-time compliance window closing on September 30.

Must Watch: Experts advice for filing income tax return online

Must Watch: Experts advice for filing income tax return online

Must Watch: Experts advice for filing income tax return online

Reminder: File ITRs before July 31 deadline, says I-T dept

Reminder: File ITRs before July 31 deadline, says I-T dept

The department has suggested the taxpayers to opt for e-filing of their Income Tax Returns (ITRs) and enjoy a hassle-free processing of the annual returns filing exercise.

Arvind Kejriwal's wife takes voluntary retirement from IRS

Posted as Commissioner of IT in the Income Tax Appellate Tribunal (ITAT) here, Arvind Kejriwal's wife Sunita had sought VRS earlier this year.

Must Watch Video: Step-by-step guide to file your income tax return online

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Panama Papers: I-T dept approaches dozen nations to widen probe

Panama Papers: I-T dept approaches dozen nations to widen probe

Faced with resistance in disclosures by those named in the Panama Papers, the Income Tax department has made foreign references to about a dozen countries in order to obtain actionable evidence against such Indian entities.

Income tax to increase strictness on Property trades

Income tax to increase strictness on Property trades

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Aircel-Maxis scam: Enforcement Directorate summons Karti Chidambaram

Aircel-Maxis scam: Enforcement Directorate summons Karti Chidambaram

Finance Minister Arun Jaitley had earlier said the investigation into the alleged Aircel-Maxis scam was at a "critical stage".

Subramanian Swamy says Income Tax can be abolished in 1 week (or within 3 years) – find out how

Subramanian Swamy says Income Tax can be abolished in 1 week (or within 3 years) – find out how

Swamy has also called for bringing back black money stashed in tax havens abroad and nationalising those funds.

No TDS on PF withdrawal: Key facts you must know

No TDS on PF withdrawal: Key facts you must know

EPFO has issued a new circular circular which will make PF withdrawal tax free.

Black money window: IT dept to publish list of asset valuers

Black money window: IT dept to publish list of asset valuers

The Income Tax department will soon put out a list of registered valuers of various categories of assets for those who wish to declare their untaxed funds and properties under the one-time domestic black money compliance window that opened Wednesday.

Attention tax evaders: From June 1, declare black money and come clean or else....

Attention tax evaders: From June 1, declare black money and come clean or else....

This warning comes straight from the Finance Ministry: declare black money and come clean from June 1 or face penalty and be subject to scrutiny and enquiry by tax department.

IT department to 'name and shame' crorepati defaulters this fiscal

IT department to 'name and shame' crorepati defaulters this fiscal

The department has begun publishing the names of tax defaulters in leading national dailies since last year and has named 67 such defaulters from across the country till now.

Government vows to crack down on super-rich tax evaders

Government vows to crack down on super-rich tax evaders

Figures published last month for the first time since 2000 showed just how few of India`s top earners pay tax. Only six people earning over 500 million rupees ($7.4 million) filed returns in 2012-13.

Government unearths indirect tax evasion of Rs 50,000 crore in 2 years

Government unearths indirect tax evasion of Rs 50,000 crore in 2 years

 As much as Rs 50,000 crore of indirect tax evasion and another Rs 21,000 crore of undisclosed income has been unearthed by the government in the last two years.

CBDT sets August 31 as deadline for clearing pending ITRs, refunds

CBDT sets August 31 as deadline for clearing pending ITRs, refunds

Taxpayers have been advised to check their status of pending returns for the said AYs at the IT department website for e-filing -- http://incometaxindiaefiling.Gov.In/. They can log in by using their PAN number and specific year of assessment.