Non-filing or incorrect filing of return of income may result in penalty and prosecution.
09 Feb 2018 1:38 PM
The government in December cautioned investors to be wary of virtual currencies like bitcoin.
02 Feb 2018 4:07 PM
With the help of technology, the I-T department was tracking the tax evaders and consolidating its measures in this regard.
02 Feb 2018 10:16 AM
Collections till January 15, 2018 represent over 70 pc of Rs 9.8 lakh crore revenue target from direct taxes.
17 Jan 2018 5:32 PM
Assets worth more than Rs 61 crore were seized by the department over the week from multiple lockers located in the private vault in Delhi.
13 Jan 2018 3:16 PM
Benami Act defines a benami transaction as a transaction where a property is held by or transferred to a person.
11 Jan 2018 1:37 PM
Target for 2017-18 is Rs 41,891 crore and the department has been able to collect 69 per cent of the target till now.
11 Jan 2018 12:44 PM
Tax department attached benami assets worth Rs 1,833 crore across country from Nov 1, 2016 to Oct 2017.
10 Jan 2018 1:39 PM
Department has separate helpline numbers to take questions and queries on various other issues that a taxpayer faces.
01 Jan 2018 3:03 PM
A exuberant wedding ceremony of his son a few months ago in which crores of rupees were allegedly spent had grabbed eyeballs.
20 Dec 2017 6:28 AM
Bitcoin is not regulated in country and its circulation has been a cause of concern among central bankers.
13 Dec 2017 12:55 PM
Sources said the tax authorities had requested the CBI to hand over the files to the former for their probe into the case.
13 Dec 2017 2:21 AM
Yadav and Prashant Bhushan, former AAP leaders, had questioned the funding of the AAP before they were ousted from the party in April 2015.
29 Nov 2017 12:58 PM
I-T officials said number of people prosecuted for violating I-T laws has more than doubled to 609 in April- September this year.
28 Nov 2017 1:48 PM
CBDT has asked the taxman to finish the process of serving notices to such entities by December 31.
27 Nov 2017 8:53 PM
In 2016 Finance Minister Arun Jaitley also promised to lower corporate tax rate to 25 per cent in 5 years.
22 Nov 2017 7:55 PM
The people who have filed their returns will be examined against the amounts they have deposited during the period of note ban.
14 Nov 2017 9:10 PM
The TPRU had suggested that CBEC should not contest a case further, if the issue has been lost in two previous stages of appeals.
14 Nov 2017 8:41 PM
I-T sleuths last Thursday conducted multi-city raids on 187 premises, including those linked to Sasikala, Dhinakaran.
14 Nov 2017 9:09 AM
The allegation also covers aspects like shell companies, dubious investments, fund flow and fudging of accounts.
09 Nov 2017 3:48 PM