Friday, Mar 29, 2024 | Last Update : 06:59 AM IST

income tax department Page-12

'Govt must review tax on cash deals over Rs 2 lakh'

TDS on transactions above Rs 2 lakh could be revisited to revive consumer demand.

22 Feb 2017 5:57 PM

TDS default: I-T dept issues over 850 prosecution notices

The I-T department has netted Rs 2.85 lakh crore revenue till January 31, 2017 under the TDS category.

22 Feb 2017 3:31 PM

No verification for Rs 5 lakh deposit by above 70

Tax department has fixed thresholds for deposits made; Rs 2.5 lakh for other individuals.

22 Feb 2017 3:14 PM

Tax dept to start consultation on changes in Customs Act

Changes have also been proposed relating to the payment of duty and interest.

19 Feb 2017 12:35 PM

I-T dept to scrutinise tax relief claims by sick cos

Tax relief for sick companies approved by Board for Industrial and Financial Reconstruction.

15 Feb 2017 3:27 PM

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Tax dept signs 4 advance pricing pacts with taxpayers

CBDT expects more APAs to be concluded and signed before the end of the current fiscal.

07 Feb 2017 1:08 PM

Bombay HC tells state to file Khadse land report in seven days

Khadse, who was number two in the state Cabinet, had to resign after the land deal allegations.

07 Feb 2017 3:02 AM

Tax dept scans 1 cr accounts under 'Operation Clean Money'

Department has sent SMS and emails to 18 lakh people who have made suspicious deposits of Rs 5 lakh and above.

05 Feb 2017 11:07 AM

Tax dept asks taxpayers to e-verify deposits post note ban

Tax department is using data analytics for comparison of deposits made after the November 8.

02 Feb 2017 4:44 PM

Cooperative banks fake cash: I-T tells RBI

Officials said it had informed the RBI about these alleged malpractices earlier.

20 Jan 2017 5:26 AM

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I-T tells RBI co-op banks generating black funds

Department had earlier raised serious concerns over working of a number of cooperative banks across country.

19 Jan 2017 2:28 PM

IDS disclosures valid even if taxes realised by Dec 5

Govt gave option to black money holders to declare unaccounted wealth and come clean by paying 45 per cent tax and penalty.

17 Jan 2017 2:19 PM

ED trains guns on diamond merchant

The ED had been probing the merchant who has his office at the Bharat Diamond Bourse and runs the business with a relative.

15 Jan 2017 2:35 AM

I-T dept launches toll-free number to check graft in UP polls

The department will also keep an eye on airports, railways, customs and transport departments to curb flow of black money during elections.

10 Jan 2017 3:48 PM

Tax dept signs three APAs with taxpayers

The three APAs signed today pertain to engineering goods and shipping sectors of the economy.

05 Jan 2017 9:31 AM

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Over Rs 700 crore deposits in N-E Jan Dhan accounts

Most of the deposits were recorded in zero balance Jan Dhan accounts.

05 Jan 2017 1:43 AM

IT department officer held for accepting Rs 1 lakh bribe

The accused had demanded a bribe to grant favours over tax liability of the victim.

31 Dec 2016 2:44 AM

Raids at Zaveri Bazaar shops yield Rs 100 crore

According to the IT sources, the owners of these shops had deposited a lot of old notes of Rs 500 and Rs 1,000 in their bank accounts.

31 Dec 2016 2:06 AM

Direct tax kitty swells to Rs 5.57 lakh cr in Apr-Dec

Tax Deducted at Source (TDS) has seen a jump of 15 per cent as compared to 11.43 per cent last year.

29 Dec 2016 7:33 PM

Direct tax collections in Mumbai, Delhi in single digit

The department collected Rs 5.54 trillion during the reported period from across the country from Rs 4.88 trillion a year ago.

28 Dec 2016 7:45 PM

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