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Income Tax department

I-T joint commissioner loses gold ring, bracelet

The senior officer approached the Tilak Marg police station and registered a theft complaint in this connection.

15 Jan 2017 1:49 AM IST

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

Supreme Court rejects PIL challenging I-T exemptions to parties

The PIL said opaque political funding is the foundation of black money in any economy.

12 Jan 2017 2:52 AM IST

Prime Minster Narendra Modi at Rashtrapati Bhavan. (Photo: AP)

Sahara diaries: No probe against Modi, orders SC

Dismissing the plea, the apex court said that there was no conclusive evidence in the matter.

11 Jan 2017 5:28 PM IST

After in-depth analysis, these reports have been disseminated to I-T department, the ED and other law enforcement agencies.

Centre says Rs 4 lakh crore stash deposited in banks

Taxmen told to send notices to people believed to have deposited black money in bank accounts.

11 Jan 2017 5:43 AM IST

The government has proposed to halve the income tax to 5 per cent for those earning between Rs 2,50,000 and Rs 5,00,000 per annum, in a relief to the middle class.

More than 6.83 lakh firms have PAN but did not file I-T returns: govt

As per database of Income Tax department, Delhi had most number of such companies at over 1.44 lakh.

25 July 2017 7:29 PM IST

The new notes seized by income tax officials. (Photo: ANI/Twitter)

'Undisclosed income' of 71,941 crore exposed by I-T searches in 3 yrs

Total undisclosed income was more than Rs 5,400 crore and total quantity of gold seized was 303.367 kgs.

23 July 2017 11:04 AM IST

The scheme seeks to provide certainty to taxpayers in the domain of transfer pricing by specifying the methods of pricing and setting the prices of international transactions in advance.

How different I-T returns filing would be this year

Authorities have introduced ITR-1 or Sahaj form for individual tax payers who earn not more than Rs 50 lakh.

18 July 2017 12:57 PM IST

S&P corporates and banks are likely to face short-term downside risk as the demonetisation-induced cash crunch will curtail GDP growth.

I-T dept detects Rs 3-4 lakh crore unaccounted money

Tax watchdog says Rs 25,000 crore worth of cash was deposited in dormant bank accounts since demonetisation.

10 Jan 2017 12:20 PM IST

The entire racket was being run with an attempt to convert the black money in old notes into white. (Photo: PTI)

Income-Tax detects Rs 306 crore shady deals

Racket linked to dubious bullion trade busted in national capital.

7 Jan 2017 1:36 AM IST

These seafarers were so far exempted from paying tax on their remittances if they stay 182 days in India.

I-T plan to tax sailors to hit Forex

There are 1,30,000 Indian seafarers working abroad and they remit around $35-40 million annually.

6 March 2017 6:21 AM IST

The government has proposed to halve the income tax to 5 per cent for those earning between Rs 2,50,000 and Rs 5,00,000 per annum, in a relief to the middle class.

Govt extends deadline for filing ITR, linking Aadhaar to PAN

While ITRs can now be filed by August 5, the Aadhaar-PAN linking can be done till August 31.

31 July 2017 6:31 PM IST

Tax payers will also need to quote their Aadhaar number while filing their returns as per the recently passed amendments in the Finance Bill.

ITR will not be processed if you fail to link Aadhaar with PAN

CBDT has allowed filing of I-T returns till Aug 5; taxpayer will have to link Aadhaar with PAN by Aug 31.

31 July 2017 5:52 PM IST