Latest News on Tax Department
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Tax Department - Total results - 13
Dec 24, 2018
ED moves court seeking NBW against four directors of Sterling Biotech in Rs 5,000 cr case; hearing on 5 JanED sought warrants against Sterling Biotech directors Nitin Jayantilal Sandesara, Chetankumar Jayantilal Sandesara, Dipti Chetan Sandesara and Hiteshkumar Narendrabhai Patel.
Dec 03, 2018
Black money: Swiss government agrees to share details of two Indian firms, 3 individuals facing multiple probesAs per separate gazette notifications of the Swiss government, the country's federal tax department has agreed to provide 'administrative assistance' to India on requests made about Geodesic Ltd and Aadhi Enterprises Private Ltd.
Oct 31, 2018
Working with tax department, regulators to ease rules for startups: DIPP secretary Ramesh Abhishek"We are easing regulations for startups. We are also working with the tax department and regulators, and we have been able to simplify 24 regulations so far," DIPP Secretary Ramesh Abhishek said
Jul 31, 2018
Govt unveils draft GST returns forms, seeks public comments; industry welcomes moveThe returns form was cleared by the Goods and Services Tax Council in its last meeting on 21 July.
Jun 01, 2018
Know of a 'benami' transaction or property? Inform the taxman and you could pocket as much as Rs 1 crThe 'Income Tax Informants Reward Scheme' has also been amended under which a person can get reward up to Rs 50 lakh for giving specific information about substantial evasion of tax on income or assets in India, which are actionable under the Income-tax Act, 1961.
Mar 27, 2018
Income Tax dept freezes Cognizant's bank accounts in Chennai, Mumbai after firm failed to pay Rs 2,500 cr DDTCognizant's accounts were frozen a week back and it had approached the High Court against the tax department
Feb 18, 2018
Indian banks may lose over Rs 19,000 cr due to Punjab National Bank fraud, estimates tax departmentIndian banks could take a hit of more than Rs 19,272 crore ($3 billion) from loans and corporate guarantees provided to diamond companies at the centre of a massive alleged fraud at the state-run PNB
Aug 08, 2017
Govt de-activates 11.44 lakh PANs: Four easy steps to find out whether your card is activeIT department sends you an OTP or one-time password on your mobile, you need to enter then the number in the given space to 'Validate.'
Feb 14, 2017
I-T department issues 1.62 cr refunds worth Rs 1.42 lakh cr; 41.5% higher than last yearAs many as 4.01 crore ITRs were e-filed till February 10, 2017, an increase of 20 percent over the previous year.
Feb 06, 2017
Demonetisation: Tax dept scans 1-cr accounts, identifies 18 lakh people with suspicious depositsI-T department is scrutinising all categories of accounts and will send out more SMS/emails for suspicious deposits under Operation Clean Money