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.
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.
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.
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.
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.
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.
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.
June 16, 2015 3:20 am
A clear trend will emerge only after the second quarter advance tax numbers.
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.
October 02, 2013 4:00 am
Nokia had appealed in the Delhi high court after its bank accounts and fixed assets were frozen.
June 22, 2020 6:57 pm