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Monday, March 01, 2021

I-T department


I-T Dept to share taxpayer info with 10 central intelligence, probe agencies

July 25, 2020 12:42 am

The furnishing and receiving of information to and from these central agencies with NATGRID will include PAN details, Tax Deduction Account Number (TAN) details, bank account details, return summary, TDS summary (as per MoU) and any other mutually agreed information.

New Form 26AS for Income Tax Return (ITR) filing: What has changed, how is it useful?

July 19, 2020 8:25 am

Income Tax Return (ITR) New Form 26AS: According to the Central Board of Direct Taxes (CBDT), the new Form 26AS will have the financial transactions of high value that were undertaken during the previous financial year which would facilitate voluntary compliance and ease of e-filing of income tax returns (ITRs).

I-T department seizes 6.5 kg jewellery, Rs 4.01 cr cash in Karnataka

April 28, 2018 2:22 am

The tax department has also found evidence of inflated purchases, payments to bogus sub-contractors, inflated/fraudulent labour payments, unaccounted cash payments in the searches in Karnataka.

I-T dept orders coercive action against UK’s Cairn Energy

June 20, 2017 2:36 am

This follows British oil firm losing in an international arbitration tribunal its challenge against India’s I-T department taking coercive action to recover the tax dues.

IT based Tax app helps paying taxes, track refunds

March 11, 2017 6:05 pm

he I-T department has developed a mobile app for paying taxes and tracking refunds and is considering issuing PANs on real time basis using Aadhaar biometric.

Tax grievances: IT dept launches 'e-nivaran' for speedy grievance redressal

May 17, 2016 6:38 pm

The Income Tax department has launched a special electronic grievance redressal system called 'e-nivaran' in order to fast track taxpayer grievances and ensure early resolution of their complaints.

Domestic black money window: IT dept to launch awareness campaign

May 16, 2016 6:45 pm

The Income Tax department is planning an audio and visual media blitzkrieg across the country to popularise the four-month window for declaring domestic black money that opens on June 1.

Maharashtra: I-T seeks Rs 1,200 cr in taxes from sugar mills

May 10, 2016 4:30 am

Sources said for the last 20 years, I-T officers have been raising the issue of unpaid taxes by mills who have paid over and above the Fair and Remunerative Price (FRP) to growers.

Vodafone gets I-T reminder to pay up Rs 14,200-crore tax dues

February 16, 2016 5:07 pm

The department on February 4 sent a notice to Vodafone International Holdings BV seeking Rs 14,200 crore in taxes, which it says are due from its $11 billion acquisition of Hutchison Whampoa's India telecom business in 2007.

Q1 corporate advance tax mop-up may be flat

June 16, 2015 3:20 am

A clear trend will emerge only after the second quarter advance tax numbers.