income-tax department

Income Tax calendar for 2020: Know all the important dates to avoid penal consequences

Income Tax calendar for 2020: Know all the important dates to avoid penal consequences

Keeping these dates in mind or marking them on your calendars will help you to avoid penal consequences of late filing of income tax retu...Read More

Tax department rolls back order

Tax department rolls back order

New Delhi: Rolling back its week old order, the Income Tax Department on Thursday allowed joint owners of single house property to file i...Read More

I-T dept draws list of defaulters: Rs 155 crore advance tax unpaid in MP & Chhattisgarh

I-T dept draws list of defaulters: Rs 155 crore advance tax unpaid in MP & Chhattisgarh

Scheme’s objective is to offer amenity to tax payers against whom the department has moved court.

EC Ashok Lavasa's family evaded stamp duty, alleges IT dept; Lavasa denies allegations

EC Ashok Lavasa's family evaded stamp duty, alleges IT dept; Lavasa denies allegations

Reports by the IT Department showed that the Gurgaon property was transferred to Shankuntala Lavasa, Ashok Lavasa's sister.

Mandatory to link PAN-Aadhaar by Dec 31: I-T Dept

Mandatory to link PAN-Aadhaar by Dec 31: I-T Dept

New Delhi: It is mandatory to link your PAN with Aadhaar by the end of this year, the Income Tax Department said in a public message on S...Read More

IT dept sends Rs 250 crore tax notice to UP Housing and development board

IT dept sends Rs 250 crore tax notice to UP Housing and development board

The Income tax department has sent Rs 250 crore tax notice to the UP Housing and development board.This comes after Uttar Pradesh Deputy ...Read More

Indore: I-T dept offers prosecution amnesty scheme

Indore: I-T dept offers prosecution amnesty scheme

Likely to help marginal tax payers. Dec 31 last date for getting benefit.

Bhopal: I-T team survey gives jitters to BMC staff

Bhopal: I-T team survey gives jitters to BMC staff

There were complaints of irregularities in figures of TDS of the current year in comparison to last year.

Income Tax dept detects Rs 435-cr undisclosed income after raids on Tamil Nadu firm

Income Tax dept detects Rs 435-cr undisclosed income after raids on Tamil Nadu firm

New Delhi: The income tax department has detected alleged undisclosed income of Rs 435 crore after it raided a Tamil Nadu-based company, ...Read More

How you can e-verify your Income Tax Return and get a refund

How you can e-verify your Income Tax Return and get a refund

If your income tax returns have not been processed yet or you're seeing a delay in getting tax refunds, the reason may be a lack of e-ver...Read More

Income Tax Dept to refund late fees for those who were inadvertently charged

Income Tax Dept to refund late fees for those who were inadvertently charged

This is in cases where a fee was charged while processing income tax returns (ITR) of partners of firms whose accounts are liable to be a...Read More

Income Tax Department busts hawala racket of Rs 3,300 crore involving infra firms

Income Tax Department busts hawala racket of Rs 3,300 crore involving infra firms

On Monday, the CBDT has claimed that the Income Tax Department has busted a hawala racket worth Rs 3,300-crore. The hawala racket is said...Read More

I-T dept busts Rs 3,300-cr hawala racket involving infra firms

I-T dept busts Rs 3,300-cr hawala racket involving infra firms

New Delhi: The CBDT on Monday claimed that the Income Tax Department has busted a hawala racket worth Rs 3,300-crore and spread across mu...Read More

I-T dept detects Rs 350 crore undisclosed income at Chennai institute

I-T dept detects Rs 350 crore undisclosed income at Chennai institute

New Delhi: The Income Tax Department during raids at a Chennai-based educational institute has detected undisclosed income of over Rs 350...Read More

Don’t have a PAN Card? You can use these two documents for financial transactions

Don’t have a PAN Card? You can use these two documents for financial transactions

The Income Tax Department does provide two other options when the PAN Card.

30,000 individuals under I-T department scanner for remitting money abroad via RBI scheme: Report

30,000 individuals under I-T department scanner for remitting money abroad via RBI scheme: Report

Even though domestic consumption, as well as private investment, continue to witness a deep slowdown, the outward flow of money to abroad...Read More

Who is self-styled guru Kalki Bhagavan, the LIC agent with wealth of Rs 500 crore?

Who is self-styled guru Kalki Bhagavan, the LIC agent with wealth of Rs 500 crore?

Kalki Bhagavan is usually seen wearing white, along with a gold-bordered shawl draped over his shoulder.

Sharmaji ke beta: Nine individuals earned more than Rs 100 crore salary in FY-2017-18

Sharmaji ke beta: Nine individuals earned more than Rs 100 crore salary in FY-2017-18

If data from the income tax department's records is to believed, nine individuals in India who earned a whopping salary of more than Rs 1...Read More

Polls: IT seizes Rs 16cr unaccounted cash

Polls: IT seizes Rs 16cr unaccounted cash

MUMBAI: The Income-Tax Department has so far seized unaccounted cash totaling to around Rs 15.5 crore in Mumbai since the model code of c...Read More

After ED, CBI to lodge complaint against DK Shivakumar in money laundering case

After ED, CBI to lodge complaint against DK Shivakumar in money laundering case

The money laundering case was registered against him by the ED in September last year, based on a complaint filed by the Income Tax depar...Read More

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