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Income Tax department

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 July 2017 3:30 AM IST

The focus is also on non-cash deposits in various bank accounts by way of RTGS and other means.

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 July 2017 5:52 PM IST

Income Tax officials conducted a raid at Tamil Nadu Chief Secretary Rammohan Raos residence in Chennais Anna Nagar on Wednesday. (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.

4 May 2017 4:30 PM IST

There are allegation that from November 15 to November 18, the bank manager had issued 149 demand drafts for amounts less than Rs 50,000 in favour of a Pune-based finance company in violation of RBI guidelines.

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 IST

The CJI asked the counsel when income from agricultural produce is exempt from tax, why not this exemption.

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 IST

The CJI asked the counsel when income from agricultural produce is exempt from tax, why not this exemption.

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...

17 Jan 2017 2:19 PM IST

Representational Image. (Photo: File)

UP: Rs 46.5 lakh in demonetised notes seized

Three persons who were plying in the car were taken into custody for interrogation; investigation is underway in the...

20 March 2017 1:12 PM IST

People outside at a bank to deposit and exchange old 500 & 1000 currency notes n Allahabad on Thursday. (Photo: PTI)

Demonetisation: I-T notices to those depositing huge cash

Banks reported certain cases of unusual or suspicious volumes of cash deposits in their accounts, primarily beyond Rs...

19 Nov 2016 8:54 PM IST

Income Tax department

CBDT asks taxman to make all out efforts to recover arrears

As per the action plan target, 20 per cent of the demand raised, which is Rs 72,141 crore.

18 March 2017 5:55 PM IST

The government last week demonetised high denomination of Rs 500 and 1,000 notes to flush out black money.

Gold and jewellery traders keep shops shut for 9th day

Most of the jewellery showrooms here have been closed since November 11.

19 Nov 2016 4:20 PM IST

The CJI asked the counsel when income from agricultural produce is exempt from tax, why not this exemption.

Taxmen to hire private firms to check deposits

I-T department has found that post demonetisation more than Rs 2 lakh was deposited in over 60 lakh bank accounts.

27 Jan 2017 5:36 AM IST

Attorney General Mukul Rohatgi informed the apex court that Aadhaar is unique and could not be duplicated. (Photo: PTI)

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).

1 July 2017 3:08 PM IST