Income Tax

52 Results

  • I-T department to challenge ITAT order favouring Tatas

    I-T department to challenge ITAT order favouring Tatas

    Income Tax (I-T) authorities are expected to challenge a recent order of the IT Appellate Tribunal (ITAT) here that dismissed a bid to tax the Tatas on capital gains of around Rs 1 lakh crore from the 2006 sale of......

    November 21, 2017
  • I-T raids on Sasikala's kin, associates enter 3rd day

    I-T raids on Sasikala's kin, associates enter 3rd day

    The massive hunt for unaccounted wealth at premises of jailed AIADMK leader V.K. Sasikala's kin, their business associates and their organisations by tax officials entered the third day, a senior tax official said on Saturday. For the third consecutive day......

    November 11, 2017
  • Income Tax Department launches 'online chat' service for taxpayers basic queries

    Income Tax Department launches 'online chat' service for taxpayers basic queries

    The Income Tax Department has launched an 'online chat' service for taxpayers so that they can seek answers to their basic queries and doubts relating to direct tax issues. A window has been hosted on the main page of the......

    October 18, 2017
  • CBI arrests Deputy Commissioner I-T in Mumbai

    CBI arrests Deputy Commissioner I-T in Mumbai

    The CBI has arrested a Deputy Commissioner of Income Tax department in Mumbai in an alleged bribery case of Rs three crore. Two other persons have also been arrested in the case by the CBI, an agency spokesperson said here......

    September 22, 2017
  • Kidnapped I-T officer's son killed, four arrested

    Kidnapped I-T officer's son killed, four arrested

    An Income Tax officer's son who was kidnapped 10 days ago was found murdered near a lake on the city's outskirts today, with police arresting four persons including a friend of the victim in connection with the crime. The decomposed......

    September 22, 2017
  • I-T raids firms owned by SM Krishna's son-in-law

    I-T raids firms owned by SM Krishna's son-in-law

    Income Tax (IT) officials on Thursday conducted raids on former Karnataka Chief Minister S.M. Krishna's son-in-law, V.G. Siddhartha's, firms here for tax evasion, a senior official said. "Raids were ongoing and officials are searching for evidences of tax evasion," IT......

    September 21, 2017
  • I-T raids continue on Karnataka minister's houses in Delhi

    I-T raids continue on Karnataka minister's houses in Delhi

    Income Tax (IT) department officials on Thursday continued raids at the residences of Karnataka Power Minister DK Shivakumar here. According to IT officials, the raids were conducted in four places, including Safdarjung Enclave and R.K. Puram. The officials also searched the......

    August 3, 2017
  • Rajya Sabha adjourned for day amid ruckus

    Rajya Sabha adjourned for day amid ruckus

    The Rajya Sabha was on Wednesday adjourned for the day soon after it met post lunch as Congress members shouted slogans against the government and some of the treasury benches members too shouted counter-slogans. "Now, honourable members, I am not......

    August 2, 2017
  • Rajya Sabha adjourned for day amid ruckus

    Rajya Sabha adjourned for day amid ruckus

    The Rajya Sabha was on Wednesday adjourned for the day soon after it met post lunch as Congress members shouted slogans against the government and some of the treasury benches members too shouted counter-slogans. "Now, honourable members, I am not......

    August 2, 2017
  • 'Centre using investigative agencies to intimidate opposition'

    'Centre using investigative agencies to intimidate opposition'

    The Congress on Wednesday accused the BJP government of using investigative agencies to intimidate the opposition ahead of the Rajya Sabha elections after the Income Tax department searched the residences of a Karnataka minister in Delhi and Bengaluru. "The government......

    August 2, 2017
  • Tax raids on Karnataka minister's house in Bengaluru

    Tax raids on Karnataka minister's house in Bengaluru

    Income Tax (IT) sleuths on Wednesday began conducting raids at the official residence of Karnataka Power Minister D.K. Shivakumar and at a private resort near here where 44 Congress lawmakers from Gujarat are staying, said an official. "Yes, raids are......

    August 2, 2017
  • Non-linking of PAN-Aadhaar comes under I-T dept's scanner

    Non-linking of PAN-Aadhaar comes under I-T dept's scanner

    As only one-fourth of permanent account number (PAN) cards have been linked with Aadhaar cards, the Income-Tax department is preparing a list of those who have not done so and put them under the scanner. A senior official said, "There......

    July 26, 2017
  • Privacy cannot be excuse for evading tax obligations: Arun Jaitley

    Privacy cannot be excuse for evading tax obligations: Arun Jaitley

    In the backdrop of the debate generated by the appeals on Aadhaar being currently heard by the Supreme Court on whether privacy is a fundamental right, Finance Minister Arun Jaitley on Monday said privacy cannot be touted as an excuse......

    July 24, 2017