Income Tax department

PAN to be inoperative after March 31 if not linked with Aadhaar: I-T dept

February 15, 2020 3:53 pm

The deadline for linking of PAN and Aadhaar has been extended several times and the current deadline ends on March 31, 2020.

IT releases data: Only 2,200 reported income of over Rs 1 crore from profession in FY19

February 15, 2020 1:51 am

The I-T Department put out the details following comments of Prime Minister Narendra Modi on Wednesday, highlighting the less number of taxpayers declaring income over Rs 1 crore.

In searches on Vijay and producer Anbu Chezhiyan, a link to Rajinikanth's Darbar

February 07, 2020 7:38 am

I-T searches started Wednesday morning at the premises of AGS Cinemas and Chezhiyan, and led to Vijay by noon, when I-T sleuths arrived at a film set in Neyveli where the actor was shooting for the under-production Master.

NCLAT dismisses I-T dept plea against Reliance Jio on demerger of tower, fiber units

December 25, 2019 1:37 pm

The Ahmedabad-bench of National Company Law Tribunal (NCLT) had earlier this year granted permission to the composite scheme of arrangement, through which two companies were proposed to be demerged -- Jio Digital Fibre Pvt Ltd and Reliance Jio Infratel Pvt Ltd.

Centre moves to recover Rs 350 crore in taxes from Dera Sacha Sauda

December 14, 2019 12:16 pm

In August 2017, HC had stayed the sale, transfer, alienation or encumbrance of the Dera properties after it said that a decision will be taken whether damages can be recovered from the Dera for the arson caused by its followers.

I-T dept conducts search operations on stock brokers, traders across country

December 08, 2019 1:13 am

The Department in a statement on Saturday said it estimated the trade in illiquid stock options by such stock brokers/traders to have resulted in artificial losses/profits to the tune of Rs 3,500 crore by executing reversal trades within a very short span of time.

I-T dept issues 2.10 crore tax refunds till November; Rs 1.46 lakh crore refunded

December 03, 2019 9:38 pm

The income tax department has processed up to 20 per cent more refunds over the last year as a Centralised Processing Centre (CPC) has expedited the process, officials said.

I-T raids at Ramanaidu Studios, producer Suresh Babu's residence

November 20, 2019 10:30 pm

It is, however, unclear whether searches were carried out at the residence of Tollywood actor Venkatesh, who is Suresh's younger brother.

I-T cancels registration of six Tata Trusts from Oct 31, 2019, not 2015 as sought by Tatas

November 02, 2019 9:56 am

The Tata Trusts said the cancellation was a culmination of the decision taken by these six Trusts in 2015 to surrender their registration and to not claim the associated income tax exemptions.

Our accounts dept staff raided by Income Tax, vendetta, claims Congress

October 13, 2019 7:02 am

Sources in the Congress said the house of Mathew Varghese, a cashier in the accounts department at 24, Akbar Road, in Chottanikkara in Kerala was among those raided on Saturday.

Government Suspects Tax Evasion In Deposits In Banks Post Demonetisation

January 10, 2017 7:02 pm