I T Department
I T Department News
Aaykar Diwas 2022: Why is Income Tax Day celebrated on 24 July in India?
Many regional and local offices of the Central Board of Direct Taxes (CBDT) also organise camps for redressing of taxation-related grievances. Free legal aid is also provided in places for the same
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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.