Sunday, Sep 20, 2020 | Last Update : 07:26 AM IST

179th Day Of Lockdown

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income tax department

I-T Department raids premises of Chinese entities in money laundering case

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

Over 7,000 income tax cases disposed under faceless assessment system

The taxpayers have been advised to check their registered e-filing accounts/e-mail ids for notices or updates

20 Jul 2020 7:51 AM

I-T department refunds ₹62,000 crore to 20 lakh taxpayers

The income tax department has issued tax refunds at a speed of 76 cases per minute from April 8 to June 30, 2020

03 Jul 2020 3:32 PM

CBDT issues new Income Tax return forms for 2019-20

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

Taxpayers beware of phishing e-mails promising refund

The department issued nearly 14 lakh refunds involving an amount of over Rs 9,000 crore to various taxpayers

03 May 2020 4:05 PM

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Indian government brushes off proposal to impose coronavirus tax on super rich

Some 50 officers of Indian Revenue Service recommended raising highest tax rate to 40% for people with annual income above 10 million rupees

27 Apr 2020 8:26 AM

I-T revises return forms to enable taxpayers avail benefits of timeline extension

The new income tax returns forms will be notified by the month-end and return filing utility would be available by May 31

19 Apr 2020 6:53 PM

Tax dept issues 2.10 crore tax refunds till Nov; Rs 1.46-lakh crore refunded

The number of verified refunds pending as on November 29 are 20.76 lakh and currently being processed.

03 Dec 2019 8:20 PM

Tax dept should conduct awareness drives to help traders in filing returns: UP CM

Expressing dissatisfaction over registration of only 14 lakh traders in the state, he said the number should at least reach 25 lakh.

13 Nov 2019 11:19 AM

50 kg gold seized from 100 people at Tiruchy airport

The officers also seized several mobile phones from the kuruvees and kokkoos so as to check on their call-lists for tracking down the big fish.

07 Nov 2019 4:54 AM

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Income Tax notice to Election Commissioner Ashok Lavasa's wife

She has been issued notice to explain certain details in her ITR with regard to holding directorship in about 10 companies.

24 Sep 2019 10:57 AM

Election Commissioner Lavasa's wife under I-T dept scanner

She has been issued notice to explain certain details in her ITR with regard to holding directorship in about 10 companies.

23 Sep 2019 8:10 PM

CBDT launches one-time facility for compounding of income tax offences

In order to avail the facility a taxpayer will have to file an application for compounding a tax offence before the competent authority.

12 Sep 2019 12:07 PM

Delhi court refuses to increase meeting time of kin, lawyers to Shivakumar

Shivakumar through an application has sought extra time to meet family and lawyers from 30 minutes to 1 hour.

10 Sep 2019 12:22 PM

Cente 'harassing' Shivakumar to demoralise him and his supporters: Malikarjun Kharge

The Income Tax department had conducted raids at Shivakumar's house in August 2017.

04 Sep 2019 4:16 PM

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ITR Filing 2019: Over 5.65 cr income tax returns filed as deadline ended on Aug 31

Out of the 5.65 crore ITRs filed so far, 3.61 crore have been verified.

02 Sep 2019 4:40 PM

2 pc TDS on cash withdrawals of over Rs 1 crore from Sep 1: Tax dept

If a person has already withdrawn Rs 1 cr or more in current fiscal, the 2 pc TDS shall apply on all subsequent cash withdrawals.

31 Aug 2019 10:58 AM

I-T dept attaches Benami asset worth Rs 150 cr belonging to Kuldeep Bishnoi, Chander Mohan

Last month, the agency had conducted searches at the residence and offices of Bishnoi in Adampur, Hisar and Gurugram.

27 Aug 2019 1:35 PM

All communication from tax dept to assessees to carry DIN from Oct 1: CBDT

The CBDT has also specified exceptional circumstances where the communication could be issued manually.

14 Aug 2019 7:13 PM

CBDT issues FAQs on filing tax returns to help taxpayers

The FAQs are based on the queries received by the CBDT to help assessees file ITRs.

12 Aug 2019 10:34 AM

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