Latest News on Income Tax
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Income Tax - Total results - 596
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Dec 13, 2018
I-T department to quiz VK Sasikala in DA case; AIADMK leader currently lodged in Bengaluru's Parappana Agrahara jail
The latest development comes a few days after a special Enforcement Directorate (ED) court issued a warrant to produce Sasikala before it in a Foreign Exchange Regulation Act (FERA) violation case. -
Dec 10, 2018
Direct tax collections surge 15.7% to Rs 6.75 lakh cr in April-November, says finance ministry
Gross collections in corporate income tax (CIT) and personal income tax (PIT) grew 17.7 percent and 18.3 percent, respectively. -
Dec 05, 2018
I-T department working on pre-filled income tax return forms, says CBDT chairman Sushil Chandra
Income tax payers will soon get pre-filled ITR forms that will make the process of filing returns easier, Central Board of Direct Taxes (CBDT) Chairman Sushil Chandra has said. -
Dec 04, 2018
I-T Dept examines taxation issues with regard to payments made by Walmart to Flipkart shareholders
US retailer Walmart purchased 77 percent stake in Flipkart for about $16 billion (around Rs 1.05 lakh crore) in May. -
Nov 27, 2018
Interim CBI director's decision to not reopen corruption cases against I-T officials causes confusion in agency ranks
The case under the scanner dates back to 2016, when the agency registered an FIR against nine Income Tax officials and private persons, including chartered accountant Sanjay Bhandari -
Nov 27, 2018
CBI interim director ‘turns down’ oral proposal by Alok Verma to reopen case against I-T official, says it amounts to policy decision
CBI Director (in-charge) M Nageswar Rao has "turned down" a proposal conveyed "orally" by the then director Alok Verma to re-open a case of alleged corruption against Income Tax officers and a middleman, saying it was a policy decision which he could not take in light of a Supreme Court order. -
Nov 22, 2018
Service charge not distributed to workers by restaurants liable to income tax: CBDT
The department has asked the field offices to examine the books hotels and restaurants to see if there is any 'under-reporting' or 'non-reporting' of service charge collected by them. -
Nov 22, 2018
PAN card rule change to come into effect from 5 December: I-T Department tightens noose around individuals running shell companies
A PAN is a useful device to track financial transactions so that the tax base can be broadened and tax evasion foiled. -
Nov 20, 2018
Income Tax Department does away with mandatory quoting of father's name in PAN application forms
Currently, furnishing father's name is mandatory for the allotment of Permanent Account Number (PAN) -
Nov 17, 2018
Finance Minister Arun Jaitley says demonetisation was a 'highly ethical' move, not a political one
Jaitley was speaking after releasing the BJP's manifesto here ahead of the November 28 Madhya Pradesh Assembly election
