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Income Tax Department

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I-T dept detects Rs 22,000 cr undisclosed income in 2 years, says FM Arun Jaitley

Jul 22, 2016

I-T dept detects Rs 22,000 cr undisclosed income in 2 years, says FM Arun Jaitley

The number of cases where prosecution complaints were filed and offences were compounded during fiscal year 2014-15 and 2015-16 is 3,140, as against 1,690 during fiscal 2012-13 and 2013-14 #Black money #Income Tax Department #Arun Jaitley #I-T Department #IDS #Panama Leaks
Tax dept to issue letters to 7 lakh assessees for PAN details

Jul 21, 2016

Tax dept to issue letters to 7 lakh assessees for PAN details

Seeking to check tax evasion, the Income Tax Department has decided to obtain PAN details from 7 lakh assessees who have undertaken high-value transactions or have more than Rs 10 lakh in their savings bank account. #NewsTracker #Income Tax Department #PAN #Annual Information Returns
Blackmoney window: Holders will have to pay tax in white

Jul 14, 2016

Blackmoney window: Holders will have to pay tax in white

The Income Tax Department came out with a fourth set of clarifications on the Income Declaration Scheme (IDS) #Income Tax Department #Tax #immunity #blackmoney declarants
Asaram's secrets: I-T probe reveals undisclosed income of Rs 2,300 crore

Jun 22, 2016

Asaram's secrets: I-T probe reveals undisclosed income of Rs 2,300 crore

An Income Tax probe into the charitable trusts controlled by 'godman' Asaram Bapu, revealed undisclosed income of Rs.2,300 crore since 2008-09. #NewsTracker #Income Tax Department #probe #Asaram Bapu #benami investments #Raju Chandak
Income tax dept to block PAN, LPG subsidy of defaulters

Jun 21, 2016

Income tax dept to block PAN, LPG subsidy of defaulters

In order to cripple and check the activities of wilful tax defaulters, the Income Tax department has decided to "block" Permanent Account Number (PAN) of such entities, get their LPG subsidy cancelled and take measures to ensure that they are not sanctioned loans. #CIBIL #Income Tax Department #public sector banks #LPG subsidy #PAN #Defaulter
Assembly elections: Over Rs 60 crore illegal cash seized in poll-bound states

Apr 18, 2016

Assembly elections: Over Rs 60 crore illegal cash seized in poll-bound states

Illegal cash of over Rs 60 crore has been confiscated from the five states facing Assembly polls, with Tamil Nadu leading the list with seizures of Rs 24.55 crore #NewsTracker #Election Commission #Income Tax Department #2016 Tamil Nadu Assembly Election #illegal cash #2016 West Bengal Assembly Election #2016 Assam Assembly Election #2016 Kerala Assembly Election
Better fix it soon: Mumbai HC asks for progress report from police in IPL spot-fixing, betting case

Mar 31, 2016

Better fix it soon: Mumbai HC asks for progress report from police in IPL spot-fixing, betting case

The Bombay High Court today asked the Mumbai police crime branch to submit a progress report in a case being probed by them into the alleged match-fixing and betting in 2013 Indian Premier League (IPL) cricket matches. #Cricket #Indian Premier League #IPL #PIL #Income Tax Department #Bombay High Court #Twenty 20 #Ketan Tirodkar
I-T Dept slaps Rs 29,000 crore tax demand notice on Cairn Energy

Mar 15, 2016

I-T Dept slaps Rs 29,000 crore tax demand notice on Cairn Energy

The Income Tax Department has slapped on UK's Cairn Energy plc a tax demand notice of over Rs 29,000 crore, including Rs 18,800 crore in back dated interest. #Narendra Modi #Vodafone #Income Tax Department #Cairn Energy #Cairn India #Hutchison #Tax demand
National Herald case: Subramanian Swamy wants court to summon financial details of Congress

Mar 01, 2016

National Herald case: Subramanian Swamy wants court to summon financial details of Congress

BJP leader Subramanian Swamy on Tuesday approached a court here seeking summoning of certain documents related to the financial details of Indian National Congress (INC), Associated Journals Pvt Ltd and Young Indian Pvt Ltd for the purpose of investigation in the National Herald case #Sonia Gandhi #NewsTracker #Supreme Court #Subramanian Swamy #Rahul Gandhi #Income Tax Department #Sam Pitroda #Oscar Fernandes #IPC #Motilal Vora #National Herald case #Suman Dubey #Indian National Congress (INC) #Ministries of Finance