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Tax dept clears Rs 7,000 crore GST refunds of exporters

About Rs 14,000 crore of refunds of exporters were stuck due to various mismatches.

9 Jun 2018 11:28 AM IST

The income tax department on Wednesday came out with draft notification for fresh registration of trusts who have carried out modification of their objects. (Photo: PTI)

Rs 1 crore reward scheme becomes headache for IT Dept

Income Tax Department is now being bombarded with calls, couriers and emails the informants.

9 Jun 2018 10:34 AM IST

The Income Tax Department has detected undisclosed income of over Rs 10,000 crore in fiscal 2017-18, thus recording a 20 per cent surge over the previous fiscal.

IT Dept detects Rs 10,767 cr undisclosed income during fiscal 2017-18

Official said action is being taken in more than 6000 cases by the assessing officer.

16 Jun 2018 6:32 PM IST

The Income Tax (IT) department on Wednesday announced that a dress code is being imposed upon its employees through the rollout of Operation Dress Code.

Be an informer to I-T department and earn up to Rs 5 crore

This reward scheme is aimed at encouraging people to give information about benami transactions and properties.

1 Jun 2018 4:16 PM IST

Under FATCA income tax department received data for calendar year 2016 from 39 countries covering nearly 1.2 lakhs persons. (Photo: ANI)

IT Dept detects undisclosed income of Rs 125 crore under FATCA

IT Department has recommended penalties under Section 43 of the Black Money Act in over 700 cases.

2 Aug 2018 2:50 PM IST

Under FATCA income tax department received data for calendar year 2016 from 39 countries covering nearly 1.2 lakhs persons. (Photo: ANI)

Only 0.35 pc of I-T returns filed last year to be scrutinised: CBDT

Sushil Chandra said that the department has faith on the income tax payers.

9 Aug 2018 2:21 PM IST

Walmart will invest Rs 900 crore to open 15 outlets catering to wholesalers in Maharashtra.

Walmart may approach I-T dept to determine tax liability in Flipkart...

Walmart last month assured the I-T department that it will fulfil all tax obligations.

9 Aug 2018 1:08 PM IST

PAN card is impotant document issued by I-T department.

Tax department allots 1.96 crore PAN cards in Jan-Mar 2018 quarter

The income tax data revealed that there were about 35.94 crore PAN alloted by end December 2017.

21 Aug 2018 5:40 PM IST

The due date for filing of Income-Tax returns for assessment year 2018-19 is 31.07.2018 for certain categories of taxpayers.

FinMin proposes to ease process of getting no tax deduction...

The tax department proposes to make changes in Form No 13 and related rules under the Income Tax Act.

20 Aug 2018 4:37 PM IST

The government is considering converting GST Network- which is handling the IT infrastructure of the new indirect tax regime - into a state-owned company, an official source said.

Freedom from GST notices: How to avoid mismatches

Govt has gone about its business in a stern manner indeed, mandating a time of 30 days to all businesses who have...

18 Aug 2018 12:31 PM IST

Under FATCA income tax department received data for calendar year 2016 from 39 countries covering nearly 1.2 lakhs persons. (Photo: ANI)

E-filing of Income Tax returns up by 40 per cent

The number is expected to increase, with the last date of filing fixed for August 31.

29 Aug 2018 4:28 PM IST

American retail chain Walmart will invest Rs 900 crore in Maharashtra.

IT department to wait till Sept 7 for Walmart to pay tax on Flipkart...

Walmart Inc had completed acquisition of 77 per cent stake in Flipkart for about USD 16 billion.

2 Sept 2018 5:40 PM IST