I T-department

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I T-department - Total results - 106
CISF nabs man with Rs 58 lakh in cash at Delhi Metro station, I-T officials seize the money
India

CISF nabs man with Rs 58 lakh in cash at Delhi Metro station, I-T officials seize the money

The cash was recovered from the bag of a person identified as Raju Ranjan, a local who works in a plastic factory

Income tax refunds over Rs 67,400 crore issued in five months of this fiscal
India

Income tax refunds over Rs 67,400 crore issued in five months of this fiscal

Of this, income tax refunds of Rs 16,373 crore have been issued in over 22.61 lakh cases and corporate tax refunds of Rs 51,029 crore have been issued in over 1.37 lakh cases

I-T department issues three email IDs for registering grievances under faceless assessment scheme
India

I-T department issues three email IDs for registering grievances under faceless assessment scheme

Under the faceless assessment system, a taxpayer or an assessee is not required to visit an I-T department office or meet a department official for income tax-related businesses.

Centre extends 2020-21 income tax return filing deadline for individuals to 30 September
India

Centre extends 2020-21 income tax return filing deadline for individuals to 30 September

The government had given taxpayers the option to choose a new tax regime under section 115BAC of the I-T Act

'Huge suppression of income': I-T department says evasion of Rs 650 cr after raids on Taapsee Pannu, Anurag Kashyap
Entertainment

'Huge suppression of income': I-T department says evasion of Rs 650 cr after raids on Taapsee Pannu, Anurag Kashyap

Pannu, 33, and Kashyap, 48, both known to be outspoken in their views on a range of issues, were shooting in Pune on Wednesday and were understood to have been questioned by the tax sleuths

I-T Department seizes Rs 1.25 cr cash in UP and Bihar raids on businessman and bank chairman
India

I-T Department seizes Rs 1.25 cr cash in UP and Bihar raids on businessman and bank chairman

Though the CBDT did not identify those who were raided, sources said the businessman has links with a political party in election-bound Bihar

Income Tax Department sends e-mails to 1.72 lakh assessees over outstanding tax dues
Business

Income Tax Department sends e-mails to 1.72 lakh assessees over outstanding tax dues

The income tax department has sent e-mails to 1.72 lakh assessees, including start-ups, companies and individuals, who have outstanding tax demands as well as tax refunds asking them to provide as update on the payment

I-T refunds worth Rs 4,250 cr issued in a week; to be credited in 5-7 days in taxpayer bank account: CBDT
Business

I-T refunds worth Rs 4,250 cr issued in a week; to be credited in 5-7 days in taxpayer bank account: CBDT

The Income Tax department has issued over 10.2 lakh refunds worth Rs 4,250 crore within a week, the Central Board of Direct Taxes (CBDT) said on Wednesday

Election Commission appoints 22 IRS officers of I-T department as expenditure observers for upcoming Delhi Assembly polls
India

Election Commission appoints 22 IRS officers of I-T department as expenditure observers for upcoming Delhi Assembly polls

The Election Commission (EC) has appointed 22 IRS officers of the Income-Tax Department as expenditure observers for the forthcoming Assembly polls in Delhi, officials said on Thursday

I-T dept carries out search operation on BSE share-brokers, traders across 39 locations, seizes unaccounted cash worth Rs 1.20 crore
Business

I-T dept carries out search operation on BSE share-brokers, traders across 39 locations, seizes unaccounted cash worth Rs 1.20 crore

These brokers were involved in facilitating accommodation of profits/loss through reversal trades in illiquid stock options in equity derivative segment and also currency derivative on the Bombay Stock Exchange (BSE), said the department.

I-T Dept detects Rs 435-cr undisclosed income after raids on Tamil Nadu firm; company inflates expenditures using bogus invoices
Business

I-T Dept detects Rs 435-cr undisclosed income after raids on Tamil Nadu firm; company inflates expenditures using bogus invoices

It was found, the CBDT said, that the company would pay for such bogus expenses by cheque or RTGS and then receive the cash back.

Supreme Court dismisses ED plea challenging DK Shivakumar's bail in money laundering case
India

Supreme Court dismisses ED plea challenging DK Shivakumar's bail in money laundering case

The Supreme Court on Friday dismissed the Enforcement Directorate's plea challenging the Delhi High Court order granting bail to Karnataka Congress leader DK Shivakumar in a money laundering case

To tighten grip on black money, Centre likely to introduce more provisions in cash holding limit norms in Budget 2020-21
Business

To tighten grip on black money, Centre likely to introduce more provisions in cash holding limit norms in Budget 2020-21

Top sources said the government is mulling stringent measures which could be announced during the Budget next year to cap the cash holding limit at home or in lockers.

Hours after Delhi HC grants bail to DK Shivakumar in ED money laundering case, Congress leader released from Tihar Jail
India

Hours after Delhi HC grants bail to DK Shivakumar in ED money laundering case, Congress leader released from Tihar Jail

DK Shivakumar was booked along with Haumanthaiah — an employee at Karnataka Bhavan in New Delhi — and others for alleged offences under the Prevention of Money Laundering Act

DK Shivakumar gets bail in money laundering case; Delhi HC bars him from leaving country without prior permission
Politics

DK Shivakumar gets bail in money laundering case; Delhi HC bars him from leaving country without prior permission

The Delhi High Court granted bail to Congress leader DK Shivakumar in money laundering case on a personal bond of Rs 25,000 on Wednesday

Daily Bulletin: Delhi HC verdict on DK Shivakumar's bail plea; Sourav Ganguly to take over as BCCI president today, Jay Amit Shah as secretary; day's top stories
India

Daily Bulletin: Delhi HC verdict on DK Shivakumar's bail plea; Sourav Ganguly to take over as BCCI president today, Jay Amit Shah as secretary; day's top stories

Here are today's top stories: Delhi HC to give verdict on DK Shivakumar's bail plea; Two suspects arrested in Kamlesh Tiwari murder; and more

Delhi High Court to pronounce judgment on DK Shivakumar's bail plea today in ED money laundering case
India

Delhi High Court to pronounce judgment on DK Shivakumar's bail plea today in ED money laundering case

The Delhi High Court will pronounce its judgement on Wednesday on a bail plea filed by former Karnataka minister DK Shivakumar in an alleged money laundering case.

Ahead of Assembly polls, Congress moves EC over raids at houses of party officials, claims BJP 'misusing' agencies
Politics

Ahead of Assembly polls, Congress moves EC over raids at houses of party officials, claims BJP 'misusing' agencies

The Congress also gave another memorandum to the EC alleging criminal intimidation of voters in Kaithal where the party's chief spokesperson Randeep Surjewala is contesting

I-T department issues notice to Election Commissioner Ashok Lavasa's wife over her income
India

I-T department issues notice to Election Commissioner Ashok Lavasa's wife over her income

The I-T department is looking at the ITRs of Novel Singhal Lavasa to ascertain if her income has escaped assessment in the past or something has been concealed from tax authorities, official sources said.

Delhi court to deliver verdict on DK Shivakumar’s bail application on 25 Sep; Cong leader may influence witnesses, says ED
India

Delhi court to deliver verdict on DK Shivakumar’s bail application on 25 Sep; Cong leader may influence witnesses, says ED

The Enforcement Directorate (ED) accused DK Shivakumar of committing a 'serious economic offence' and said it's a threat to national economy