Latest News on Income Tax
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Income Tax - Total results - 1049
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Apr 19, 2018
Income Tax Department's warning to the salaried against bogus refund claims smacks of inept assessment
Pleading and issuing warnings smack of ineptness, an ineptness in making a proper assessment of refund claims filed through income tax returns (ITRs). -
Apr 19, 2018
Cash crunch: Income tax officials raid currency hoarders in Karnataka, Andhra Pradesh; target large contractors
Amid the ongoing cash crunch in the country, tax authorities conducted 30-35 raids in Karnataka and parts of Andhra Pradesh in order to corner cash hoarders -
Apr 19, 2018
Cash crunch: Cashless economy is still far away; govt hasn't done enough to push digital transactions
The steps thus far taken by the government are few and unsubstantial like 0.75 percent cash back on card payments in petrol bunks, waiver of user charges for online booking of rail tickets, etc. -
Apr 19, 2018
Cash crunch: How Rajasthan ATS intercepted the hawala syndicate that's making Indian ATMs run dry
Rajasthan Anti-Terror Squad's Operation Kuber reveals that cash hoarders and hawala operators are once again active and could be the reason why a large chunk of cash is disappearing from circulation in India -
Apr 18, 2018
I-T warns salaried class against filing wrong ITRs, says violators' employers will be informed
The Income Tax Department on Wednesday cautioned salaried class taxpayers against using illegal means like under-reporting of income or "inflating" deductions while filing their returns, stating violators will be prosecuted -
Apr 18, 2018
Income Tax Department conducts searches on McDonald's franchise Hardcastle Restaurants for tax evasion
Hardcastle Restaurants Pvt ltd (HRPL) is a step down subsidiary of Westlife Development Ltd, a company listed on stock exchanges, including BSE -
Apr 13, 2018
Unravelling PNB rot: Hong Kong module in over Rs 13,000 cr scam comes under India scanner
The Firstpost investigation revealed that PNB's board, audit committee and banking regulator, Reserve Bank of India (RBI) had approved little-known Chinese audit firms -
Apr 12, 2018
Govt revises definition of a startup; everything you need to know about the new norms
The Department of Industrial Policy and Promotion (DIPP), under Union Ministry for Commerce and Industry, amended the definition of a startup on Wednesday -
Apr 11, 2018
PNB fraud: ED reaches out to 13 countries for information of assets owned by Nirav Modi, Mehul Choksi
ED has got in touch with authorities in 13 countries to secure information assets owned by Nirav Modi and his uncle Mehul Choksi, both wanted in PNB fraud -
Apr 10, 2018
Centre amends Income Tax rules, allows transgenders to be recognised as 'independent' gender for PAN card
The government has amended Income Tax rules that will now allow transgenders to be recognised as an independent category of applicants for obtaining a PAN.
