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income tax Page-10

IT detects deposit of more than Rs 700 crore in 1.14 lakh Jan Dhan accounts of NE

Pointing out that some Jan Dhan accounts were dormant since its opening, the IT sources said that they suddenly recorded huge transactions.

04 Jan 2017 8:45 PM

Survey seeks higher tax cap

NPS is subject to income tax under the EET regime — withdrawals from NPS are taxed to the extent of 60 per cent.

02 Jan 2017 2:10 AM

Shiv Sena gives saffron hue to Nashik I-T raids

The Shiv Sena has blamed the BJP government for being discriminatory towards the Hindu community.

31 Dec 2016 2:49 AM

PM like Rs 2,000 note, looks good, but doesn’t work: Congress

Surjewala asked the PM to apologise to the people for causing huge inconvenience and loss of human lives.

30 Dec 2016 1:34 AM

I-T detects Rs 500 crore hawala racket in Madhya Pradesh

At least 50 such accounts have been detected in Katni branch of Axis Bank.

25 Dec 2016 3:26 AM

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Now, CM Mamata Banerjee seethes over CRPF use in I-T raids

Taxmen say search operations have increased manifold, help from forces sought ‘as per law’.

24 Dec 2016 2:24 AM

Chhattisgarh: Man who never filed ITR declares Rs 10 crore to IT dept

The department did not disclose the identity of the man as they said investigations in the case are still ongoing.

23 Dec 2016 11:06 AM

Lakhs of non Income Tax filers identified by CBDT

Non-filers have been identified based on data analytics carried out by the Systems Directorate of CBDT.

22 Dec 2016 9:05 PM

EC to ask I-T to look into finances of 200 political parties

The poll panel believes that most of them exist on papers to help people convert their back money into white by accepting donations.

21 Dec 2016 11:25 AM

Post note ban, IT detects Rs 3,185 cr black income; seizes Rs 86 cr new notes

Official sources said taxman carried out a total of 677 search, survey and enquiry operations under the provisions of the Income Tax Act.

20 Dec 2016 7:33 PM

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Suspicious accounts have been suspended: Axis Bank

The bank has been hit by some of the employees involved in money laundering after demonetisation.

20 Dec 2016 1:26 AM

Delhi Police seeks CCTV footage, info on 2 accounts from Axis Bank

The Enforcement Department is conducting the probe at Axis Bank.

19 Dec 2016 2:07 AM

Dual control issue may push GST rollout to July

PwC India executive director Sumit Lunker said the April 1 rollout deadline seems challenging.

19 Dec 2016 1:14 AM

Delhi CM says AAP doesn't take funds from corporates

AAP works on common people's time and money. You have to give both time as well as donations for polls in Punjab and Goa, Kejriwal said.

18 Dec 2016 2:07 AM

No official estimation of black money, says FM

RBI stresses on skillful solution to pileup of bad loans.

17 Dec 2016 3:25 AM

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Political parties depositing old notes exempt from Income Tax

Section 13A of the Income Tax Act, 1961 grants exemption from tax to political parties in respect of their income.

16 Dec 2016 8:24 PM

Rs 3.5 crore old cash seized from Karol Bagh hotel

Five persons have been detained and a massive hunt has been launched to trace the hotel owner.

15 Dec 2016 2:04 AM

Income Tax dept to act against ‘heavily revised’ returns

The move aims to deter those trying to legitimise black money post-demonetisation.

15 Dec 2016 1:27 AM

Penal action if ITR 'drastically' changed: CBDT

Post demonetisation, some taxpayers may misuse provision in law to revise return filed by them.

14 Dec 2016 12:48 PM

Thane: 3 held with Rs 1.04 crore black money

Police suspect that amount in new notes were acquired from banks in an irregular manner after exchanging them with unaccounted old notes.

14 Dec 2016 6:40 AM

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