Tuesday, Jan 18, 2022 | Last Update : 04:32 PM IST

income tax department Page-4

Income tax relief on way, threshold may be doubled

Tax exemption to medical and transport allowance may come back.

14 Jan 2019 10:22 AM

I-T dept withdraws circular on transfer of shares for 'no or inadequate consideration'

The Congress party had welcomed the December 31 circular of the CBDT.

05 Jan 2019 5:29 PM

Income Tax dept examining taxation issues in Walmart-Flipkart deal

Walmart has reportedly paid over Rs 7,439 crore as taxes to the government on payments made by it to major shareholders of Flipkart.

04 Dec 2018 4:22 PM

Jolt to Rahul, Sonia Gandhi: SC allows reopening of National Herald tax case

A bench headed by Justice A K Sikri posted the matter for further hearing on January 8 next year.

04 Dec 2018 2:07 PM

PAN: Father’s name not mandatory

Father's name in PAN application forms will not be mandatory in cases where mother of the applicant is a single parent.

21 Nov 2018 10:14 AM


Average income of salaried, non-salaried & corporate taxpayers rises: CBDT

The number of salaried taxpayers has increased from 1.70 crore (assessment year 2014-15) to 2.33 crore (AY 2017-18).

22 Oct 2018 5:03 PM

I-T Dept suspects massive tax evasion via derivative trading

The I-T department had last year detected bogus capital gain of about Rs 80,000 crore.

18 Oct 2018 8:50 AM

Govt to soon honour consistent taxpayers, policy proposal in works

An ambitious policy is in the pipeline to 'facilitate' honest taxpayers in availing a variety of public services on priority.

14 Oct 2018 7:39 PM

I-T raids continue overnight at Andhra TDP MLA CM Ramesh's homes, offices

Ramesh was among the lawmakers who protested and escalated their demand for the special status category to Andhra Pradesh.

13 Oct 2018 12:52 PM

Number of direct taxpayers may double to 7.6 cr during 5 yrs: Jaitley

The number of direct taxpayers was 3.8 crore when the Modi-led government took office in May 2014.

12 Oct 2018 12:35 PM


I-T dept searches premises of media baron Raghav Bahl

Bahl is the founder of the Quint news portal and the Network18 group and is a known media entrepreneur.

11 Oct 2018 10:52 AM

I-T raids at 16 premises linked to Delhi minister Kailash Gahlot

Alongwith Delhi, Gahlot's premises in Gurgaon are also being searched by the income tax department.

10 Oct 2018 10:58 AM

Walmart submits details of tax deducted from Flipkart investors

Walmart on September 7 paid Rs 7,439 crore tax on payments it made to buy out shares of 10 major shareholders of Flipkart.

04 Oct 2018 8:22 AM

I-T officials conducting survey since September 19: Jet Airways

Shares of the crisis-hit airline fell over 8 per cent to touch a low of Rs 224.70 on BSE.

21 Sep 2018 12:28 PM

IT department to wait till Sept 7 for Walmart to pay tax on Flipkart deal

Walmart Inc had completed acquisition of 77 per cent stake in Flipkart for about USD 16 billion.

02 Sep 2018 5:40 PM


Not a picnic place: SC slams IT dept for 'misleading statement'

The bench slapped a cost of Rs 10 lakh on the department. It expressed shock that centre, through, has taken matter 'so casually'.

02 Sep 2018 4:11 PM

SC comes down hard on IT department, says court is not a 'picnic place'

"You cannot treat the Supreme Court like this," the bench said.

02 Sep 2018 3:10 PM

E-filing of Income Tax returns up by 40 per cent

The number is expected to increase, with the last date of filing fixed for August 31.

29 Aug 2018 4:28 PM

Tax department allots 1.96 crore PAN cards in Jan-Mar 2018 quarter

The income tax data revealed that there were about 35.94 crore PAN alloted by end December 2017.

21 Aug 2018 5:40 PM

FinMin proposes to ease process of getting no tax deduction certificate

The tax department proposes to make changes in Form No 13 and related rules under the Income Tax Act.

20 Aug 2018 4:37 PM