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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)

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.

9 July 2018 12:42 PM IST

India began its search for new planes for the Indian air force in 2003 to replace its Soviet-era MiG fighters. (Photo: PTI)

Indian Air Force spent Rs 29 crore to ferry currency after...

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

8 July 2018 7:07 PM IST

If you are under the age of 60, heres a check list to help you plan your money decisions to create wealth, insure adequately, and save tax in 2018-19.

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.

4 July 2018 2:08 PM IST

PAN card is an important document for filing income tax returns.

I-T dept launches instant' Aadhaar-based PAN allotment for limited...

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

1 July 2018 3:27 PM IST

Uttar Pradesh Chief Minister Yogi Adityanath while addressing a public gathering. (Photo: ANI)

Tax dept should conduct awareness drives to help traders in filing...

Expressing dissatisfaction over registration of only 14 lakh traders in the state, he said the number should at least...

13 Nov 2019 11:19 AM IST

The gold seized by DRI. (Photo: Twitter | ANI)

50 kg gold seized from 100 people at Tiruchy airport

The officers also seized several mobile phones from the kuruvees and kokkoos so as to check on their call-lists for...

7 Nov 2019 4:54 AM IST

The refunds previously failed due to address not found, bank account closed among other reasons.

Tax dept issues 2.10 crore tax refunds till Nov; Rs 1.46-lakh crore...

The number of verified refunds pending as on November 29 are 20.76 lakh and currently being processed.

3 Dec 2019 8:20 PM IST

Startups have also appealed that the government should also consider eliminating Minimum Alternate Tax for startups, which are DIPP certified.

Govt eases process for startups to seek tax exemption on angel fund...

Startups will have to provide account details and return of income for last three years.

16 Jan 2019 5:21 PM IST

Direct tax collection in the fiscal year just ended has exceeded the targets with a record 6.84 lakh income tax returns being filed, officials said today.

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 IST

Under FATCA income tax department received data for calendar year 2016 from 39 countries covering nearly 1.2 lakhs persons. (Photo: ANI)

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

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

5 Jan 2019 5:29 PM IST

Further, the Aadhaar law introduced in Parliament as a money bill is a fraud on the Constitution.

Link your PAN with bank for refunds: I-T to taxpayers

The department said refunds will be sent to bank accounts as it will issue only e-refunds from March 1, 2019.

28 Feb 2019 11:26 AM IST

Interestingly, the CBDT chiefs move to make officers comply by seeking a compliance report every three months gives room for hope for justice for the taxpayer.

New CBDT boss asks I-T dept to maximise revenue collection, get more...

Tax department has been given a target in Union budget to collect Rs 11.5 lakh cr revenue under the direct taxes...

28 Feb 2019 11:17 AM IST