Thursday, Jan 20, 2022 | Last Update : 02:27 PM IST

income tax department Page-5

Freedom from GST notices: How to avoid mismatches

Govt has gone about its business in a stern manner indeed, mandating a time of 30 days to all businesses who have received a notice.

18 Aug 2018 12:31 PM

Only 0.35 pc of I-T returns filed last year to be scrutinised: CBDT

Sushil Chandra said that the department has faith on the income tax payers.

09 Aug 2018 2:21 PM

Walmart may approach I-T dept to determine tax liability in Flipkart deal

Walmart last month assured the I-T department that it will fulfil all tax obligations.

09 Aug 2018 1:08 PM

IT Dept detects undisclosed income of Rs 125 crore under FATCA

IT Department has recommended penalties under Section 43 of the Black Money Act in over 700 cases.

02 Aug 2018 2:50 PM

Benami properties worth Rs 4,300 cr attached, says govt

The I-T department has set up 24 dedicated Benami Prohibition Units across India.

24 Jul 2018 5:11 PM


Income Tax Department set to collect over Rs 60,000 crore

State-owned NMDC Limited and Andhra Bank have been the top corporate tax payers in the region.

23 Jul 2018 4:04 PM

Rs 160 Cr cash, 100 kg bullion recovered after I-T raids on TN contracting firm

The searches were launched on premises of Ms SPK and Company, partnership firm engaged in road-highway construction, on contract from govt.

17 Jul 2018 8:10 AM

Income Tax to scrutinise 50 high net-worth individuals for buying Nirav Modi jewellery

The I-T dept said that discrepancies of concealed cash payments were found, which in some cases may be in several lakhs.

14 Jul 2018 11:37 AM

Fraud deals worth Rs 15crore by Yogendra Yadav kin under lens

This transaction is under investigation now, they said.

13 Jul 2018 5:09 AM

I-T dept sells part of Cairn shares to recover retro tax

The income tax department had seized nearly 10 per cent of Cairn's shareholding.

09 Jul 2018 12:42 PM


Indian Air Force spent Rs 29 crore to ferry currency after demonetisation: RTI

Post-demonetisation, the RBI had spent Rs 7,965 crore in 2016-17 on printing the new Rs 500 and Rs 2,000 notes.

08 Jul 2018 7:07 PM

IT Department expedites clearance of pending issue of refunds

More than Rs 70,000 crore of refunds have been issued to the taxpayers as a result of the special drive.

04 Jul 2018 2:08 PM

I-T dept launches ‘instant’ Aadhaar-based PAN allotment for limited time

The new PAN, obtained by this mechanism, will have same name, DOB, gender, mobile number and address that is present in person's Aadhaar.

01 Jul 2018 3:27 PM

IT Dept detects Rs 10,767 cr undisclosed income during fiscal 2017-18

Official said action is being taken in more than 6000 cases by the assessing officer.

16 Jun 2018 6:32 PM

CBDT proposes amendments to three IT forms, invites public suggestions

The comments and suggestions on the draft notification may be sent by 2nd July, 2018 electronically.

14 Jun 2018 9:14 AM


Tax dept clears Rs 7,000 crore GST refunds of exporters

About Rs 14,000 crore of refunds of exporters were stuck due to various mismatches.

09 Jun 2018 11:28 AM

Rs 1 crore reward scheme becomes headache for IT Dept

Income Tax Department is now being bombarded with calls, couriers and emails the informants.

09 Jun 2018 10:34 AM

Be an informer to I-T department and earn up to Rs 5 crore

This reward scheme is aimed at encouraging people to give information about benami transactions and properties.

01 Jun 2018 4:16 PM

IT Dept extends date for sending suggestions on new direct tax

CBDT said that the term for sending suggestion and feedback has been extended by a period of three months.

29 May 2018 8:53 AM

Rabri Devi’s bank details under the scanner of IT Department

The CBI, which is also investigating the matter, recently questioned Rabri Devi in connection with the case.

29 May 2018 12:51 AM