This figure includes income tax refunds of Rs 23,026 crore in 61,53,231 cases and corporate tax refunds of Rs 69,934 crore in 1,69,355 cases, an official Twitter post said
The CBDT also accused Sood of violating the Foreign Contribution Regulation Act (FCRA) while raising donations from abroad.
As per officials, the operations are being conducted to verify certain tax payment details and remittances made by the news organisations
The Income Tax Return (ITR) filing has increased to 3.2 lakh daily in September 2021.
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
Taapsee Pannu responds to IT raids, condemns alleged reports of Rs 5 crore receipts: Have done nothing illegal
Taapsee Pannu opened up about income tax raids on her premises, and shared that she had nothing to fear because she has done “nothing wrong”.
Income Tax Department visits Robert Vadra's Delhi home, records statement in benami assets case probe
The ED has previously questioned Vadra in this case and had, in 2019, attached assets worth Rs 4.62 crore belonging to his firm Ms Sky Light Hospitality (P) Ltd
In 2016, the prime minister was quoted by the Financial Times as saying that the government "will not resort to retrospective taxation; we are making our tax regime transparent, stable and predictable"
ITR 2020-2021 | The last date to file income tax return (ITR) for assessment year (AY) 2020-21 has been extended till 30 November.
Though the CBDT did not identify those who were raided, sources said the businessman has links with a political party in election-bound Bihar
Under faceless assessment, a central computer picks up tax returns for scrutiny based on risk parameters and mismatch and then allots them randomly to a team of officers.
I-T Department continues raids on Chinese individuals, local contacts in Rs 1,000-cr money laundering case
A 42-year-old Chinese man identified as Charlie Peng, alleged to be the kingpin of the racket, has been detained
Delhi: I-T department raids premises of Chinese entities, associates with suspected hawala links for alleged money laundering
The search revealed that a subsidiary of a Chinese company, related concerns took over Rs 100 crore advances from shell entities for opening retail showrooms
The income tax department has notified the minimum fee to be received by India-based fund managers of an overseas fund
Income Tax Department issues refunds of Rs 26,242 cr since April to 16.84 lakh taxpayers; move to ease liquidity
The tax department on Friday said it has issued I-T refunds of Rs 26,242 crore to 16.84 lakh taxpayers since April as part of efforts to hasten refund process for making liquidity available with people and firms to deal with COVID-19 crisis
Nirmala Sitharaman announces 25% cut in TDS/TCS for non-salary payments; ITR filing deadline extended
Finance Minister Nirmala Sitharaman said the reduction in TDS (tax deducted at source)/TCS (tax collected at source) rate would release about Rs 50,000 crore in the hands of people.
According to the latest data, between 8-20 April, the department issued nearly 14 lakh refunds involving an amount of over Rs 9,000 crore to various taxpayers
The Supreme Court Wednesday granted partial relief to Vodafone Idea Ltd by asking the Income Tax department to refund Rs 733 crore to the telecom firm within four weeks, for the assessment year 2014-15
Coronavirus Outbreak: CBDT third-time defers GST, GAAR reporting in Income-Tax audit report till March 2021
The Income Tax Department on Monday deferred for the third time the requirement for companies to include in their I-T audit report the details of the Goods and Services Tax (GST) and GAAR
Vivad se Vishwas scheme: Assessee eligible to file declarations despite issuance of notice to initiate prosecution
In the FAQ issued on 4 March, the CBDT said that where notice for initiation of prosecution has been issued with reference to tax arrears, taxpayer has a choice to compound the offence and opt for Vivad se Vishwas.