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Income Tax department

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.

May 15, 2019, 14:17 PM IST

If Modi makes mistake, Modi's house should also be raided by IT Department, says PM Modi

In a election rally PM Modi said that If Modi makes mistake, Modi's house should also be raided by IT Department.

Apr 27, 2019, 09:18 AM IST

I-T Department conducts raids at residence of DMK's Kanimozhi

Just two days before the Lok Sabha election in Tamil Nadu, the Income Tax Department, along with Election Commission's static surveillance team, carried out a joint search at the Thoothukudi residence of DMK leader K Kanimozhi on Tuesday. Watch this video to know more.

Apr 16, 2019, 23:12 PM IST

I-T department seeks legal action against Karnataka Chief Minister H D Kumaraswamy, Deputy Chief Minister G Parameshwara for intimidating officers

The income tax department has written to the Chief Electoral Officer seeking legal action against Chief Minister H D Kumaraswamy, Deputy Chief Minister G Parameshwara and a host of his cabinet colleagues for allegedly intimidating tax officers and obstructing them from discharging duties, sources said Tuesday.

Apr 10, 2019, 08:19 AM IST

5W1H: Watch top news with research and latest updates, 8th April, 2019

This is a special segment of 5W1H by Zee News which brings to you news with research and latest updates. Watch this video to know more.

Apr 08, 2019, 17:28 PM IST

5w1h: IT raids Kamal Nath's close aides; recovers cash worth 14 cr rupees

Income Tax Department has recovered undisclosed cash worth 14 crore rupees in raids against close aides of Madhya Pradesh Chief Minister Kamal Nath

Apr 08, 2019, 16:46 PM IST

Top 25 News: Watch top 25 news stories of the day

This segment of Zee News brings top 25 news stories of the day. Watch this video to know the latest news.

Apr 08, 2019, 08:32 AM IST

IT,GST offices open on March 31 to facilitate filing of tax returns

Income Tax department can impose a minimum penalty of Rs 3000, but it can increase upto Rs 2.5 lakh depending upon the amount you have avoided in returns.

Mar 31, 2019, 09:26 AM IST

Income Tax dept to issue only e-refunds from March, but PAN card linking is a must

Till now, the department used to issue refunds to taxpayers either in their bank accounts or through account payee cheques.

Feb 28, 2019, 11:27 AM IST

Tax defaulters beware! IT department to directly deduct money from your bank a/c

The bank account which is linked to your PAN card will be frozen and then IT department will initiate the action.

Feb 05, 2019, 14:46 PM IST

Budget 2019: FM Piyush Goyal thanks honest taxpayers for record collection

While he expressed gratitude for the taxpayers, the Finance Minister also said that the govt has taken steps towards transforming the income tax department to process returns as quickly as possible. Watch this video to know more.

Feb 01, 2019, 13:38 PM IST

Confiscated benami assets worth Rs 6,900-cr: I-T dept

The tax department started initiating action under this law, implemented by the Modi government, from November 1, 2016.

Jan 29, 2019, 11:52 AM IST

Tax on Durga Puja? Mamata Banerjee tells committees to ignore IT department

Many Durga puja committees in Kolkata have been told by the IT department to file TDS. "Are Tirupati Balaji, Golden Temple, Jagannath Temple, Siddhi Vinayak Temple, Ajmer Sharif going to be taxed too?" asked the West Bengal CM.

Jan 11, 2019, 16:21 PM IST

Anguished my 80-year-old mother was quizzed for six hours: Shivakumar on I-T raids

The searches were conducted after Shivakumar hosted 44 Gujarat Congress MLAs at a resort on the city outskirts to forestall alleged attempts by the BJP to poach them ahead of the Rajya Sabha polls which the then Congress president Sonia Gandhi's political secretary Ahmed Patel won.

Jan 05, 2019, 08:35 AM IST

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.

Dec 28, 2018, 17:37 PM IST

SC allows I-T dept to reopen tax assessment of Rahul, Sonia in National Herald case

The Supreme Court Tuesday allowed the Income Tax Department to reopen tax assessment of top Congress leaders Rahul and Sonia Gandhi for 2011-12 in connection with the National Herald case.

Dec 04, 2018, 14:50 PM IST

Black money: Swiss government agrees to share details of two Indian firms

One of the two Indian companies used to be a publicly-listed entity and has already faced the wrath of capital markets regulator Sebi for multiple violations

Dec 03, 2018, 08:12 AM IST

Tamil Nadu: IT raids at Vaikundarajan's VV Minerals, 100 locations being searched

The Income Tax Department is conducting searches related to mining manufacturer VV Minerals and it's owner Vaikundarajan on Thursday morning. 

Oct 25, 2018, 09:58 AM IST

I-T dept launches major drive against Indians with illegal foreign assets; thousands under scanner

The department, in coordination with their foreign counterparts, is investigating offshore bank deposits and purchase of assets by "thousands of Indians", the officials added.

Oct 22, 2018, 18:09 PM IST

Income Tax Department searches premises of media baron Raghav Bahl

The Income Tax Department on Thursday searched the premises of media baron Raghav Bahl in connection with a case of alleged tax evasion, officials said.

Oct 11, 2018, 11:09 AM IST