Tag: Income Tax department
17 Results
-
Govt notifies ITR forms for 2020-21, gives option to choose new tax regime
The new I-T slabs will be for individuals not availing or foregoing certain specified deductions or exemptions while computing total income for tax purpose.
April 2, 2021 -
650-cr discrepancies found in raids on Pannu, Kashyap
The statement from the CBDT came as raids on the homes and offices of Bollywood actor Taapsee Pannu, director Anurag Kashyap and his partners who launched the now shuttered Phantom Films continued in Mumbai, Pune and Hyderabad for the second day.
March 5, 2021 -
IT Department survey Flipkart unit, Swiggy in Bengaluru
The survey began on Wednesday at the offices of the two entities, Instakart and Swiggy, in Bengaluru.
January 9, 2021 -
More than 4.15 crore ITRs for fiscal 2019-20 filed till December 26: IT department
The total number includes over 2.34 crore taxpayers filing ITR-1, over 89.89 lakh filing ITR-4, over 49.72 lakh ITR-3 and over 30.36 lakh filing ITR-2.
December 28, 2020 -
Income Tax Department conducts searches in Guwahati, Delhi, Silapathar and Pathsala
The main allegations against the three groups are that they have taken accommodation entries in the form of non-genuine unsecured loans and also securities premium from dubious Kolkata based shell companies.
December 26, 2020 -
Amarinder questions timing of ED, IT notices to him & family
Responding to a question during an informal media interaction at Jantar Mantar after his dharna, the CM said that besides the ED notice to his son Raninder, notices had been received by him and his wife Preneet Kaur from the Income Tax department.
November 5, 2020 -
Income Tax Department carries out searches in Jammu & Kashmir
Various incriminating documents and materials evidencing unexplained investments in immovable properties, construction of hotels and residences aggregating to Rs 25 crore in the last six financial years have been seized during the search, though he has not paid any tax since AY 2014-15.
September 17, 2020 -
Income Tax Department carries out searches in Srinagar and Kupwara
These operations have, prima facie, led to the detection of a huge amount of undisclosed income, seizure of unaccounted assets and incriminating evidence and involvement in Benami transactions by these three groups.
September 2, 2020 -
Paytm founder Vijay Shekhar Sharma praises Income Tax Department, FinMin over tax reforms
'This is absolutely correct direction our country is going, for refunds of tax returns filed!'
July 28, 2020 -
‘Committed to helping India’s small businesses’: PM Modi lauds I-T dept for tax reliefs
In a press release, the CBDT said, as a relief to MSMEs, income tax refunds worth Rs 5,204 crore have been issued by the central board in the last 10 days to nearly 8.2 lakh small businesses.
April 18, 2020 -
PAN to become inoperative if not linked with Aadhaar by March 31: I-T dept
The Supreme Court had in September 2018 declared Aadhaar as constitutionally valid and held that the biometric ID would remain mandatory for the filing of income tax returns and allotment of PAN cards.
February 15, 2020 -
Nirmala Sitharaman to inaugurate national tax e-assessment centre on Monday
There will be no physical interface between the taxpayers and the tax officers, the Finance Ministry announced on Sunday.
October 6, 2019 -
Karnataka Congress leader DK Shivakumar appears before ED for third time
The ED case is based on a charge sheet filed by the Income Tax Department against him last year before a special court in Bengaluru on charges of alleged tax evasion and hawala transactions worth crores.
September 2, 2019 -
Rajeev Kumar case: ‘CBI follows pick & choose policy’
Nalini Chidambaram, the wife of the then Union home minister, P Chidambaram is yet to appear in court, Mukherjee said, adding she could have been a key witness.
July 24, 2019 -
I-T attaches Rs 400 crore Benami property of Mayawati’s brother ahead of UP by-polls
Mayawati had recently appointed Anand Kumar as the national vice president of the Bahujan Samaj Party.
July 18, 2019 -
15 more top tax officials made to retire by Centre over corruption, takes total to 27
The action comes a week after 12 senior income tax officers, including one of the ranks of the joint commissioner, were dismissed from service.
June 18, 2019 -
Govt sacks 12 senior income tax officers for corruption, misconduct
The list is topped by a Joint Commissioner rank officer against whom there are serious complaints of corruption and extortion from businessmen accused of helping self-styled godman Chandraswami.
June 11, 2019