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Around Rs 148 crore is expected by leasing out municipal properties for opening 855 ATMs and several hundreds crore by commercially exploiting several other properties.

North civic body proposes no new taxes in budget

The civic body has struck a deal with the Income Tax department for leasing out a portion of its headquarters at about...

6 Dec 2016 3:48 AM IST

Stock of Axis Bank closed 2.56 per cent down at Rs 444.60 on BSE.

Axis Bank in IT net again, Rs 60 crore found deposited by 20 fake...

Last week, the department had found 44 fake accounts in one of Axis Bank's Delhi branches.

15 Dec 2016 2:06 PM IST

As the four occupants, including a woman, failed to give any satisfactory explanation about the source of cash in their possession, they have been detained, police said. (Photo: Representational Image)

Income Tax department raids Pune bank after Rs 10 crore tip-off

The lockers in the banks branch in Parvati area of the city belong to a private firm.

15 Dec 2016 6:43 AM IST

As the four occupants, including a woman, failed to give any satisfactory explanation about the source of cash in their possession, they have been detained, police said. (Photo: Representational Image)

Govt to notify scheme for taxing black money holders this week

Declarants also have to park a quarter of the total sum in a non-interest bearing deposit for four years.

12 Dec 2016 2:46 PM IST

Sentiment soured after November manufacturing PMI decelerated sharply as cash drought slowed domestic consumption, production of goods and new orders.

Bank staff, 3 others booked for illegally exchanging old notes

The case pertains to the seizure of old currency notes worth Rs 10.96 lakh on November 30.

12 Dec 2016 3:00 AM IST

The CBDT said it has noticed that taxpayers and professionals have not been able to keep up with the pace of change and hence wide gap has emerged between the initiatives undertaken by the department and the acceptance by the stakeholders.

Taxpayers to be sensitise of e-initiatives

These initiatives form part of the milestone set by the revenue dept which are to be achieved in 3, 7 and 15 years time.

11 Dec 2016 12:11 PM IST

The secret stash seziued by IT officials. (Photo: ANI/Twitter)

Bengaluru: Rs 5.7 cr, 32kg gold biscuits found hidden in bathroom

The I-T department seized the alleged undisclosed assets, as part of its raids against black money.

10 Dec 2016 8:17 PM IST