Income Tax department

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.

Karnataka: IT raids underway at Congress leader Parameshwara’s residence

October 10, 2019 2:19 pm

Reacting to the raids, Parameshwara said, “Let the IT department go through all the documents and take any action if they find anything illegal."

Income Tax serves notices to Reliance First Family under Black Money Act

September 15, 2019 9:47 am

Responding to questions sent by The Indian Express on the notices and the key allegations, a Reliance spokesperson replied: “We deny all the contents of your email including receipt of any such notice.”

SC/ST employees complain of discrimination, I-T dept denies

September 03, 2019 12:25 am

At a press conference held in Ahmedabad Saturday by the SC/ST Uplift Union, where several aggrieved employees were present, a common issue that was raised was the rampant discrimination many of SC and ST employees face.

Income Tax Department raids residence of NCP leader Hasan Mushrif

July 25, 2019 10:53 am

The raids are being conducted at the senior leader's house in Kagal taluka of Kolhapur district, and at the Sarsenapati Santaji Ghorpade mill which is being managed by his family in the district.

ITR filing: How long does it take to get an income tax refund online

July 25, 2019 7:15 pm

Income Tax Return (ITR) Filing 2019-20 Refund Status Online: The Income Tax Department will “only” issue refunds via e-mode into bank accounts of taxpayers and they should link PAN with their accounts.

Government Suspects Tax Evasion In Deposits In Banks Post Demonetisation

January 10, 2017 7:02 pm