I-T department

CBI and I-T raid former NBCC officer's house in Noida

CBI and the Income Tax Department are conducting raids at the house of former NBCC officer D.K. Mittal in connection with the Prevention of Corruption Act.

Jul 09, 2022, 14:30 PM IST

Income tax team recovers Rs 5.77cr from former IPS officer's residence in Noida

The search operation by the Income-tax department was launched on January 30 after gathering "actionable intelligence". 

Feb 02, 2022, 13:43 PM IST

New e-filing portal to be mobile friendly, have user manuals, videos

Besides, multiple options for on-portal tax payments, multiple options for login, helpdesk support and chatbot are the features in the portal. E-filing services will be unavailable from June 1-6. "If you have to submit any response or avail any service please do it before or after these dates," it said.

May 29, 2021, 23:14 PM IST

I-T Department conducts raids at residence of DMK's Kanimozhi

Just two days before the Lok Sabha election in Tamil Nadu, the Income Tax Department, along with Election Commission's static surveillance team, carried out a joint search at the Thoothukudi residence of DMK leader K Kanimozhi on Tuesday. Watch this video to know more.

Apr 16, 2019, 23:12 PM IST

Election Breaking: I-T department detects Rs 281 cr racket of slush funds, seizes cash

The Central Board of Direct Taxes (CBDT) stated that the money trail led them to the house of a senior functionary of a political party living at Tughlaq Road. Watch this video to know more.

Apr 09, 2019, 12:00 PM IST

I-T department detects Rs 281 cr racket of slush funds, seizes cash

The Central Board of Direct Taxes (CBDT) stated that the money trail led them to the house of a senior functionary of a political party living at Tughlaq Road. Watch this video to know more.

Apr 09, 2019, 09:42 AM IST

Netram raided by I-T department over tax evasions worth Rs 100 crores

The IT department conducted raids at 12 locations in Kolkata, Lucknow, and Delhi in connection with misappropriation of funds by former IAS officer and Uttar Pradesh principal secretary Netram during Mayawati's tenure.

Mar 14, 2019, 08:46 AM IST

I-T department writes to Walmart, Flipkart on tax liability over USD 16 billion deal

Walmart runs 21 Best Price wholesale stores in India that sell everything from fast-moving consumer goods to furniture to other retailers and institutions.

May 10, 2018, 20:15 PM IST

Income Tax Department names and shames 24 defaulters owing Rs 490 crore in taxes

The notice, issued by a nodal office of the Principal Director General of Income Tax in Delhi, "advised" the named defaulters to pay their tax arrears immediately.

Mar 29, 2018, 23:07 PM IST

I-T Department seizes two bank accounts of Punjab minister Navjot Singh Sidhu

 For failing to present bills of expenditure shown in his tax returns filed for FY15, which has dues amounting to over Rs 52 lakh against Sidhu.

Mar 29, 2018, 19:41 PM IST

Direct tax kitty grows 19% to Rs 6.95 lakh crore in Apr-Jan period

Collections for Corporate Income Tax showed a growth of 19.2% and that for Personal Income Tax came at 18.6%.

Feb 09, 2018, 21:23 PM IST

Just over 2 crore Indians paid income tax in 2015-16: Official data

Only 1.7 percent of the total population paid income tax in the assessment year (AY) 2015-16.

Dec 25, 2017, 21:24 PM IST

AAP gets notice from Income Tax Department, asked to explain discrepancies in donations

The I-T notice said AAP has not disclosed donations worth Rs 13 crore.

Nov 27, 2017, 14:19 PM IST

Benami assets: I-T dept scanning profiles of property registered over Rs 30 lakh

The Income Tax Department started initiating actions under the new Benami Transactions (Prohibition) Amendment Act, 2016 from November 1 last year.

Nov 14, 2017, 22:44 PM IST

Companies may have to furnish Apr-Sept income estimates to I-T dept

The Central Board of Direct Taxes (CBDT) has come out with a draft notification seeking stakeholders' comment on filing of Form 28AA by giving details of income and advance taxes paid.

Sep 19, 2017, 18:38 PM IST

Sebi board to take stock of suspected shell cos on Monday

Those under scanner include over 300 listed companies as also hundreds of unlisted entities and individuals, suspected to be misusing the stock exchange platform for tax evasion, among other wrongdoings, a senior official said.

Sep 17, 2017, 14:52 PM IST

Sluggish TDS growth: CBDT asks I-T dept to take urgent steps

CBDT Chairman Sushil Chandra has issued a stern directive to all the field offices of the Income Tax Department in this context and has sought an action taken report in less than a month's time.

Sep 14, 2017, 17:44 PM IST

Crackdown on shell companies: Tax dept, MCA to share PAN, audit reports

The MCA is in the process of cancelling the registration of 2.09 lakh companies that have not been carrying out business activities for a long period.

Sep 14, 2017, 16:29 PM IST

GST will also impact direct tax collection: Arun Jaitley

The Finance Minister said that even before GST was rolled out, the impact of demonetisation has expanded the number of assessees under the personal income tax.

Aug 30, 2017, 18:20 PM IST