The raids were carried out by the tax department on October 6 at about 50 locations in half-a-dozen states
09 Oct 2021 2:16 PM
Chinese individuals and a couple of bank employees were involved in money laundering through a series of shell companies, the statement said
12 Aug 2020 9:34 AM
The department revised the I-T return forms to allow assessees to avail benefits of various timeline extension granted by the government
31 May 2020 1:39 PM
The scheme is being implemented in a hurry without considering the concerns of the majority of the stakeholders, said the letter.
15 Oct 2019 12:04 PM
Firhad Hakim slammed the Narendra Modi government alleging political vendetta by using the IT department.
14 Aug 2019 2:12 AM
The due date for filing of income tax returns for Assessment Year 2019-20 is 31.07.2019 for certain categories of taxpayers.
23 Jul 2019 8:02 PM
Earlier, the limit for seeking Tax Deducted at Source (TDS) exemption was Rs 2.5 lakh.
23 May 2019 6:11 PM
The HC, however, held in its judgement that such a policy was “wholly impermissible and invalid”.
25 Apr 2019 2:26 AM
EC has called the revenue secretary and chairman, Central Board of Direct Taxes on Tuesday to discuss ongoing income tax raids.
09 Apr 2019 11:10 AM
It said sleuths have recovered Rs 14.6 cr of 'unaccounted' cash and seized computer files of suspect payments made between MP and Delhi.
09 Apr 2019 9:30 AM
Mody belongs to the Indian Revenue Service (batch 1981) and takes over from Chandra, who has been appointed as an Election Commissioner.
16 Feb 2019 3:25 PM
The Supreme Court on February 6 had confirmed that linkage of PAN with Aadhaar is mandatory for filing of ITRs.
15 Feb 2019 4:25 PM
The CBDT has also sent out two crore SMS to people who had not filed returns or those whose income did not match with their filings.
05 Dec 2018 12:50 AM
An ambitious policy is in the pipeline to 'facilitate' honest taxpayers in availing a variety of public services on priority.
14 Oct 2018 7:39 PM
The Central Board of Direct Taxes has collected Rs 2.10 lakh crore as advance tax.
04 Oct 2018 12:39 PM
However, there shall be no extension of the due date for the purpose of section 234A (Explanation 1) of the I-T Act, 1961.
24 Sep 2018 5:37 PM
Party says notice ‘poor interpretation’ of basic accounting practices.
12 Sep 2018 6:06 AM
Sushil Chandra said that the department has faith on the income tax payers.
09 Aug 2018 2:21 PM
Issues like capacity utilisation adjustment; treatment of AMP expenses and others have been carefully examined and resolved.
02 Aug 2018 12:17 PM
The law of levying late filing fees under was introduced in the Union Budget 2017 and became effective for FY18.
27 Jul 2018 6:48 AM