Income Tax Department | The Asian Age

Thursday, Apr 25, 2024 | Last Update : 01:56 PM IST

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Duplicate PANs were used to divert funds to shell companies.

10.52 lakh 'bogus' PAN cards not a small number to harm economy: SC

Introducing Aadhaar in tax regime was one of the measures to check black money or money laundering.

11 Jun 2017 12:41 PM

Guide to linking Aadhaar with PAN

The linking of Aadhaar and PAN will be useful for E-Verification of Income Tax returns using Aadhaar OTP.

09 Jun 2017 12:55 PM

Cairn seeks int'l panel help against IT-dept

Cairn has resorted to arbitration under the India-UK bilateral investment protection treaty.

08 Jun 2017 3:27 PM

Misa Bharti with father and RJD chief Lalu Prasad Yadav (Photo: File/PTI)

Lalu's daughter Misa Bharti skips I-T questioning; show notice served

Party sources said that she had sent her lawyer to the agency seeking a fresh date for appearance.

06 Jun 2017 7:00 PM

The move to ban cash transaction above a threshold was aimed at curbing black money by discouraging cash transaction and promoting digital economy.

I-T warns against cash dealings of Rs 2 lakh, seeks tip-off

In the 2017-18 Budget, Finance Minister Arun Jaitley had proposed to ban cash transaction of over Rs 3 lakh.

02 Jun 2017 1:32 PM

Link requires a person to punch in his PAN number, Aadhaar number and the exact name as given in the Aadhaar card. (Photo: PTI)

Now link Aadhaar with PAN using an SMS: I-T dept

The unique identity numbers of an individual can be linked by sending an SMS to either 567678 or 56161.

31 May 2017 10:54 AM

The due date for filing such SFT in Form 61A is May 31.

CBDT issues clarification on furnishing SFT

Entity having TAN can generate an ITDREIN only when such TAN's Organisational PAN is not available.

26 May 2017 12:44 PM

Misa Bharti with father and RJD chief Lalu Prasad Yadav (Photo: PTI)

I-T summons RJD chief Lalu's daughter Misa, son-in-law in benami land deals

Misa Bharti and husband Shailesh Kumar will have to appear before IT department on 6th of June.

24 May 2017 6:52 PM

The demonetised notes included 6,455 notes of Rs 1,000 and 7,090 notes of Rs 500, which were banned by the government last year on November 8.

Demonetised currency worth Rs 1 crore seized in Thane

The crime branch acted on a tip-off that two men were to arrive at Hotel Sai Krupa near Talaopali in Thane west with demonetised notes.

21 May 2017 2:16 AM

I-T dept exposes five entities under name and shame strategy

The initiative was imposed after five entities were found owing over Rs 10 crore in taxes.

18 May 2017 1:15 PM

In addition to the earlier 18 lakh cases, 5.68 lakh new cases have been identified for e-verification process

1.58 lakh tax payers under lens for partial a/c declarations

Taxpayers have provided response for 13.33 lakh accounts involving cash deposits of around Rs 2.89 lakh crore.

17 May 2017 9:48 AM

Over 1.22 crore assessees already have Aadhaar-linked PAN but the number is abysmally low as there are over 25 crore PAN card holders in the country. (Photo: PTI)

I-T dept launches facility to correct errors in PAN, Aadhaar

Last week income tax department launched a facility to enable a taxpayer to link his Aadhaar and PAN.

14 May 2017 1:33 PM

(Picture: /incometaxindiaefiling.gov.in)

I-T dept launches new facility to link Aadhaar with PAN

The link requires a person to punch in his PAN number, Aadhaar number and the "exact name as given in the Aadhaar card".

11 May 2017 2:53 PM

Government, as per the Finance Act 2017, has made it mandatory for taxpayers to quote Aadhaar or enrolment ID of Aadhaar application form for filing of ITRs. (Photo: PTI)

I-T department activates all ITRs for e-filing

New ITRs have been made available for filing on the e-portal of the department.

04 May 2017 4:30 PM

Tax department is, however, contesting the claim of Essar Communications, saying the deal was structured in a way so as to misuse the provision of the treaty.

Essar Group seeks Rs 4,000 cr refund from I-T dept

Essar tax refund case is likely to linger at AAR as the post of chairman has been lying vacant since August 2016.

30 Apr 2017 12:14 PM

CBEC hereby extends the date for submission of form ST-3 for the period from October 1 to March 31, 2017, from April 25 to April 30, 2017.

Govt extends service tax return filing date to Apr 30

Filing returns for the period April-September, the due date is Oct 25, while for October-March it is April 25.

27 Apr 2017 2:05 PM

Setback to India, intl 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.

26 Apr 2017 1:25 PM

Aamby Valley Limited gets notice from income tax department

The department has issued a Rs 24,646 crore tax demand notice to Sahara Group's AVL

25 Apr 2017 8:48 PM

The department feels its January 2016 final assessment order raising a tax demand of Rs 10,247 crore.

I-T dept to challenge ITAT relief to Cairn Energy in Hc

Cairn has already initiated international arbitration against the tax demand and freeze on Cairn India shares.

23 Apr 2017 4:38 PM

I-T department slaps fresh notice on Cairn

The department has asked British company to pay up to Rs 30,700 crore in penalties.

20 Apr 2017 4:09 PM

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Dilip Cherian