Income Tax Department | The Asian Age

Friday, Apr 19, 2024 | Last Update : 11:41 AM IST

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E-filing of ITR is mandatory for all individuals, except those earning less than Rs 5 lakh per annum and those who are above 80 years of age. (Photo: PTI)

Over 9.3 crore PANs linked with Aadhaar; last date Aug 31: CBDT

Jaitley recently said that govt has not fixed any time frame to complete the linking of Aadhaar with PAN.

14 Aug 2017 2:50 PM

Income tax department expects taxpayers to file correct returns whther they file it in cash or online. (Photo: PTI).

I-T dept may shoot you with a notice if you file incorrect return

Tax authorities expect taxpayers to file a correct tax return without withholding any information.

09 Aug 2017 2:37 PM

ITRs filed showed that substantial number of new tax payers have been brought into the tax net subsequent to demonetisation.

Demonetisation effect: ITR filings for 2016-17 grow by 25 per cent

The effect of demonetisation is also clearly visible in the growth in direct tax collections, the tax department said.

07 Aug 2017 6:48 PM

I-T officials carrying currency counting machines during a search operation at Karnataka Energy Minister D K Shivakumar's residence in connection with a tax evasion case. (Photo: PTI)

I-T raids 64 places linked to K'taka minister, recovers Rs 10 cr cash

While about Rs 7.9 crore cash has been recovered from Delhi, about Rs 2.23 crore has been found at locations in the southern state.

02 Aug 2017 8:51 PM

Income Tax Department conducted searches at 39 locations related to Shivakumar. (Photo: ANI)

Raids at K'taka minister's house not linked to 44 Cong MLAs from Gujarat: I-T dept

The IT department's clarification came after Congress termed the raids as 'political witch-hunt of the Bharatiya Janata Party (BJP).

02 Aug 2017 1:34 PM

Meanwhile, the grand old party is raising the issue in both the houses of Parliament. (Photo: PTI/File)

BJP playing dirty, ugly trick to win RS seat: Congress on I-T raids

Congress leader Randeep Surjewala said Congress will neither bow down nor it will be intimidated by BJP's I-T department raids.

02 Aug 2017 1:16 PM

Officials privy to the early morning raids, said a team of I-T sleuths have also reached the Eagleton resort near Bengaluru to question the minister, who was staying at the resort for the night. (Photo: ANI/Twitter)

I-T dept raids 39 locations of Karnataka minister in tax evasion probe case

The I-T dept is also investigating charges of alleged role of money power and huge transfer of illegal funds in connection with RS polls.

02 Aug 2017 10:52 AM

Income Tax department raids Eagleton Golf Resort in Bengaluru where Congress Gujarat MLAs are staying. (Photo: ANI/Twitter)

I-T raids on Karnataka minister, resort where Gujarat Cong MLAs are residing

The Congress flew 44 of its MLAs to Bengaluru amid defections ahead of the Rajya Sabha polls scheduled for August 8.

02 Aug 2017 10:26 AM

July 31 is the last date for filing income tax returns.

File your income tax returns by today itself as no more extension likely

The government refused to extend the July 31 deadline for filing income tax returns.

31 Jul 2017 12:01 PM

Finance Minister Arun Jaitley. (Photo: PTI)

Need examples to deter benami deals: Arun Jaitley

Pressures are built using democratic polity in order to assert a non-existent right of not to pay taxes.

25 Jul 2017 12:01 PM

Finance ministry has already asked businesses to register themselves by July 30. (Photo: PTI)

I-T asks tax practitioners to register entities separately

CBEC asked all tax practitioners not to open more than one enrolment or registration case at one time.

17 Jul 2017 4:48 PM

In phase first 17.92 lakh people were identified for large deposits and asked to e-verify their bank deposits during demonetisation last year.

Taxmen identify 5.56 lakh mismatch in deposits

The taxpayer will be able to submit online explanation without any need to visit income tax office.

15 Jul 2017 3:30 AM

Another 1.04 lakh persons were identified for tax evasion related cases by I-T department.

Operation Clean Money: 5.56 lakh 'tax evaders' identified

The drive started by I-T department aims to detect black money generation post demonetisation.

14 Jul 2017 5:52 PM

The notification shall be deemed to have come into force with effect from the April 1, 2017

Credit card bill payment exempt from cash dealing limit

The move to ban cash transaction above a threshold was aimed at curbing black money.

04 Jul 2017 4:53 PM

Department has specified in detail the procedure for quoting of Aadhaar in new PAN application and for changes or correction in PAN data.

Tax Department notifies form for Aadhaar-PAN linking

Taxpayers can link their Aadhaar-PAN using a mobile-based SMS service (formatted message to be sent to 567678 or 56161).

01 Jul 2017 3:08 PM

The short-term capital gain of Rs 24,503 crore at the hand of CUHL was confirmed by income tax tribunal ITAT in March.

Cairn created maze of subsidiaries, taxed Rs 10,247 crore

The income tax department, documents showed, calculated the cost of acquisition as 251.22 million pound.

25 Jun 2017 2:01 PM

Benami assets case: Sushil Modi asks for sacking Lalu's sons from Bihar ministry

Modi said the onus is on CM to take action against Tejashwi and Tej Pratap if he is serious about 'zero tolerance' policy on corruption.

21 Jun 2017 9:14 PM

Lalu Prasad Yadav and Misa Bharti (Photo: PTI)

I-T dept releases list of seized properties of Lalu's relatives

The market value of the total attached property is worth Rs. 175 crore, whereas the book value of the attached property is Rs. 9.32 crore.

20 Jun 2017 4:11 PM

Sums due to Cairn from Vedanta India Ltd now total USD 104 million.

Cairn tax dispute: I-T dept orders recovery of Rs 10,000 crore

Tax department will now move to take over the 9.8 per cent shareholding Cairn Energy had in Cairn India.

19 Jun 2017 12:36 PM

Fake money detection in banks at an all time high: Report

The report also said that the compliance levels of the public sector banks in this regard continued to be low.

14 Jun 2017 1:18 PM

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Mohan Guruswamy