I-T department

I-T department News

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

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

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.

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IT based Tax app helps paying taxes, track refunds

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

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

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

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.

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

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

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

‘Indo-Dutch BIPA does not cover tax’

The Income Tax department has rebutted Vodafone’s notice saying that the pact between India and Netherlands does not cover taxation issues.

I-T department in no hurry to de-freeze Nokia’s fixed assets in India

Nokia had appealed in the Delhi high court after its bank accounts and fixed assets were frozen.

I-T department Videos

I-T Department To Have A CPC For Scrutiny of Income Tax Cases

The I-T department is considering setting up a centralised cell for scrutiny of income tax cases as part of efforts to reduce personalised interface between the taxmen and taxpayers with a view to curb corrupt practices. The proposed cell will be on the lines of the Central Processing Centre (CPC) that the department currently has […]

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