I-T department

I-T dept searches on online gaming, betting company run by Ramesh and Achal Chaurasia

February 24, 2022 9:28 pm

The I-T department has seized cash and foreign currency worth Rs 3 crore and jewellery worth Rs 81 lakh from premises linked with the company

Income Tax Department detects Rs 500-crore black income after raids on Jaipur jewellery, gems group

December 01, 2021 4:43 pm

Around fifty premises were searched by the department during the raids launched on November 23.

I-T dept raids Akali MLA, other realtors; Sukhbir says vendetta

November 16, 2021 9:04 pm

An office and the farm house of Akali Dal MLA Manpreet Singh Ayali, who represents the Dakha assembly constituency, was covered under the search action.

Money laundering case: Ex-Maharashtra Home Minister is held, ED gets 4-day custody

November 03, 2021 7:46 am

Anil Deshmukh, who appeared before the ED on Monday in response to summons, was arrested after midnight with the Central agency accusing him of being the “prime beneficiary of the proceeds of crime” with regard to bribes allegedly collected from bar owners in Mumbai.

IT Dept detects import under-invoicing, tax evasion by laptop firm

October 16, 2021 2:39 pm

The searches were carried out on October 10 at locations in the National Capital Region, Haryana and West Bengal.

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.

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

June 22, 2020 6:57 pm