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

Reply date for I-T queries on deposits now till Feb 15

Under Operation Clean Money, I-T dept sent SMS and e-mails to 18 lakh assessees in initial phase.

11 Feb 2017 6:50 PM IST

RBI had issued a notification saying that the withdrawal limit of cash from savings bank accounts will be relaxed to Rs. 50,000 from February 20

No tax on salary deducted if notice period not served

I-T Act says salary income is taxable on a due basis irrespective of whether it was paid or not.

21 April 2017 3:06 PM IST

UIDAI is the nodal body responsible for rolling out Aadhaar

SC slams Modi govt , asks why it has made Aadhaar mandatory?

Govt last month made quoting Aadhaar details compulsory for filing I-T returns and applying for PAN card.

21 April 2017 12:59 PM IST

I-T department said that Centralised Processing Centre (CPC) has already processed over 4.19 crore income tax returns (ITRs) and issued over 1.62 crore refunds during the period.

CBDT notifies new scrutiny notices with e-facility

New format pertains to three types of notices issued under section 143(2) of Income Tax Act.

24 Jun 2017 11:24 AM IST

Lalu Prasad Yadavs daughter Misa Bharti. (Photo: File)

I-T Dept seizes benami properties of Misa Bharti, Tejaswi Yadav

Earlier the I-T department had issued two summons to Misa, but after she failed to appear, the I-T dept proceeded to...

19 Jun 2017 9:47 PM IST

The government may shortly include Aadhaar card as a valid document for filing income tax returns. (Photo: PTI/File)

SC takes up petition against Aadhaar must for PAN, I-T

Apex court had earlier asked government to justify decision and notification in this regard.

28 April 2017 11:22 AM IST

Cash recovered by Income Tax department from a bank locker in Pune. (Photo: PTI)

Post note ban, IT detects Rs 3,185 cr black income; seizes Rs 86 cr...

Official sources said taxman carried out a total of 677 search, survey and enquiry operations under the provisions of...

20 Dec 2016 7:33 PM IST

The bank has also filed additional STRs with FIU proactively. (Photo: Representational Image)

Suspicious accounts have been suspended: Axis Bank

The bank has been hit by some of the employees involved in money laundering after demonetisation.

20 Dec 2016 1:26 AM IST

Three villages in Patna, Bihar are undergoing a process of becoming cashless, in an initiative taken by the Bank of Baroda. (Representational image)

Centre to provide tax benefit to small business

The government will soon bring a legislation in the budget session on this in the Parliament.

20 Dec 2016 1:25 AM IST

I-T had also conducted survey on Chandni Chowk branch of Axis bank last week and had found several fake accounts. (Photo: Facebook)

Delhi Police seeks CCTV footage, info on 2 accounts from Axis Bank

The Enforcement Department is conducting the probe at Axis Bank.

19 Dec 2016 2:07 AM IST

Finance Minister Arun Jaitley

Dual control issue may push GST rollout to July

PwC India executive director Sumit Lunker said the April 1 rollout deadline seems challenging.

19 Dec 2016 1:14 AM IST

Delhi Chief Minister Arvind Kejriwal

Delhi CM says AAP doesn't take funds from corporates

AAP works on common people's time and money. You have to give both time as well as donations for polls in Punjab and...

18 Dec 2016 2:07 AM IST