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I-T dept News

27 Sep 2023

Tax Officials Visit Chinese Tech Lenovo's Locations In India

The reason for the visit was not immediately clear. Earlier in the day, Reuters reported that tax officers also visited the facilities of contract manufacturer Flex Ltd in Tamil Nadu state.

22 Jul 2021

I-T dept raids Dainik Bhaskar, Bharat Samachar offices in tax evasion case

The Income Tax Department raided offices of the Dainik Bhaskar Group and Bharat Samachar in connection with an alleged tax evasion case.

15 May 2019

I-T dept again defers GST, GAAR reporting in tax audit report till March 2020

The reporting requirement of these details in income tax audit form has been kept in abeyance till March 31, 2020 -- meaning that all income tax audit reports need not include details on GST and General Anti-Avoidance Rules (GAAR) till March 2020.

28 Dec 2018

I-T dept seizes Rs 992.5-crore assets in FY18

The value of assets seized during the past two financial year is Rs 1,469.62 crore in 2016-17 and Rs 992.52 crore in 2017-18, Shukla said.

07 Feb 2018

Do not take coercive steps against start-ups: CBDT to Taxman

For recovering pending taxes from start-ups under a specific provision of the Income Tax Act.

28 Nov 2017

Panama Papers: I-T dept conducts raids in Faridabad

The Income Tax department on Tuesday conducted searches at over 25 locations in Delhi and NCR.

Himachal Elections

09 Nov 2017

November 9, 2017: News at a glance

18 Jul 2017

Over 36 lakh bank a/cs saw cash deposit of Rs 10 lakh or more in a financial year

Over 36 lakh bank accounts have seen cash deposits of Rs 10 lakh or more in a financial year, Parliament was informed on Tuesday.

Income Tax department

02 Jun 2017

Income Tax department warns against cash dealings of Rs 2 lakh, seeks tip-off

Income Tax department on Friday warned people against indulging in cash transaction of Rs 2 lakh or more saying that the receiver of the amount will have to cough up an equal amount as penalty.

Income Tax department

04 May 2017

I-T dept activates all ITR forms for e-filing

The new ITRs have been made available for filing on the e-portal of the department -- https://incometaxindiaefiling. gov.In.

26 Apr 2017

Setback to India: International panel rejects stay on Cairn arbitration

The panel, comprising three judges of international repute, has also turned down India’s application for bifurcation of the issue of whether tax is covered under India-UK bilateral investment protection treaty.

20 Apr 2017

I-T seeks Rs 30K crore penalty from Cairn for non-payment of tax

Senior tax department officials said Cairn Energy has sought 10 more days to reply to the show cause seeking levy of penalty.

Amarinder Singh

02 Dec 2016

I-T dept files charge sheet against Amarinder Singh in foreign assets case

Income Tax department has filed a charge sheet against Punjab Congress chief and former CM Amarinder Singh in a case of alleged untaxed foreign assets

tax litigations

19 Jul 2016

Tax litigations: I-T dept to write to over 2.59 lakh taxpayers

After unleashing a massive awareness campaign for the one-time black money compliance window, the tax authority will now write to over 2.59 lakh taxpayers to avail benefits of a similar scheme where an estimated Rs 5.5 lakh crore is stuck in litigation.

23 Mar 2016

Will file reply to IT dept show cause notice: Vodafone to HC

Vodafone on Wednesday told Delhi High Court that it will file a reply by Friday to the income tax department's show cause notice asking the company why its 2011-12 financial records should not be subjected to a special audit.

21 Mar 2016

No more extension to file reply on special audit notice would be granted: HC to Vodafone

The Delhi High Court on Monday asked Vodafone to reply to Income Tax Dept show cause notice by March 23.

05 Feb 2016

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.

Income Tax department

10 Jun 2015

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.

Income Tax department

29 Apr 2015

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.

26 Apr 2015

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.

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