Follow Us:
Friday, July 03, 2020

I-T department


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.

‘Indo-Dutch BIPA does not cover tax’

March 05, 2014 2:04 am

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

October 02, 2013 4:00 am

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