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The income tax department and the ministry of corporate affairs (MCA) have signed a pact to regularly share data, including PAN and audit reports of firms. (Representational Image)

Benami assets: I-T department scanning profiles of property registered

The top boss of the I-T department said that till now, the taxman has attached 621 properties.

14 Nov 2017 3:24 PM GMT

The government has proposed to halve the income tax to 5 per cent for those earning between Rs 2,50,000 and Rs 5,00,000 per annum, in a relief to the middle class.

Benami items worth Rs 3,500 crore attached: I-T

In yet another case, a cash amount of Rs 1.11 crore was intercepted from a vehicle with a person who denied the...

11 Jan 2018 8:49 PM GMT

Income-tax sources said more than Rs 5.5 crore unaccounted cash was seized during the raids, besides property documents and jewellery worth over Rs 89 crore.

I-T dept attaches benami properties worth Rs 3,500 crore

Benami Act defines a benami transaction as a transaction where a property is held by or transferred to a person.

11 Jan 2018 8:07 AM GMT

The income tax department on Wednesday came out with draft notification for fresh registration of trusts who have carried out modification of their objects. (Photo: PTI)

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 July 2018 11:41 AM GMT

The Chief Minister revealed that he has instructed the Chief Secretary to start working on the legislation so that it can be enacted at the earliest. (Photo: ANI)

Seized benami properties will be used for public utilities:...

The Chief Minister said the government aims to unmask the persons who have made illicit wealth through black money and...

22 July 2019 3:50 PM GMT

Dilip Cherian | Foreign assets on IRS radar as CBDT lobbies for more...

Speculation is rife that Mr Sharma could be named the home minister or even deputy chief minister of UP

28 Jan 2021 1:43 AM GMT

The Income Tax (IT) department on Wednesday announced that a dress code is being imposed upon its employees through the rollout of Operation Dress Code.

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.

1 Jun 2018 10:46 AM GMT

Beginning April 1, people living in rural areas need to have Aadhaar under MGNREGS that mandates 100 days work for a household annually.

Govt considers making Aadhaar compulsory for property registration

This move will help the government crack down on benami property deals.

2 Aug 2017 10:07 AM GMT

Bihar Deputy CM Tejashwi Yadav talking to media at the old secretariat before the cabinet meeting in Patna. (Photo: PTI)

Finally, Yadav Jr comes of age

Tejashwi has everything it takes to survive in murky world of politics.

6 Aug 2017 7:13 PM GMT

Benami Transactions (Prohibition) law.

Govt sends out notices in 140 cases under benami law

The Benami Transactions (Prohibition) Amendment Act, 2016, came into effect from November 1, 2016.

24 March 2017 11:46 AM GMT

Finance Minister Arun Jaitley (Photo: PTI)

Need examples to deter benami deals: Arun Jaitley

Pressures are built using democratic polity in order to assert a non-existent right of not to pay taxes.

25 July 2017 6:31 AM GMT

Tax payers will also need to quote their Aadhaar number while filing their returns as per the recently passed amendments in the Finance Bill.

I-T dept unearths 400 benami deals, attaches Rs 600-cr properties

Crackdowns form part of tax dept's efforts to implement new Benami Act to ensure visible outcomes.

24 May 2017 1:19 PM GMT