I-T dept warns against cash dealings above Rs 2 lakh
In a public message, the department said "accepting Rs 2 lakh or more in aggregate from a single person in a day for one or more transactions relating to one event or occasion is prohibited".
Aug 28, 2017, 23:52 PM IST
Know how to link PAN, Aadhaar online before August 31 deadline
The requirement for Aadhaar being quoted for availing government subsidies, welfare schemes and other benefits will also continue unhindered for now.
Aug 27, 2017, 13:28 PM IST
Finance Ministry asks taxmen to submit note on high-pitched assessments
Last year, the Central Board of Direct Taxes (CBDT) had set up 'local committees' comprising senior officers in each region to dispose such grievance and complaint petitions within a short period of time.
Aug 21, 2017, 15:44 PM IST
Worried about PAN Migration while shifting to new residence? Here is all you need to know
The 10-digit alphanumeric PAN number allotted to a person is used to link all of his/her financial transactions particularly tax payments, income tax return, wealth tax return.
Aug 19, 2017, 16:07 PM IST
No inconsistency in number of tax payers: CBDT
The statement by the tax department follows some doubting the numbers over different figures quoted at different points of time.
Aug 18, 2017, 19:36 PM IST
PAN-Aadhaar linking: More than 9.3 crore out of 30 crore PAN cards linked with Aadhaar so far
While Aadhaar is issued by the Unique Identification Authority of India (UIDAI) to a resident of India, PAN is a 10-digit alphanumeric number alloted by the I-T department to a person, firm or entity.
Aug 13, 2017, 17:01 PM IST
Bollywood, builders & brokers: More 'shell-shocks' in store
While several small brokers are already in the list of 'suspected shell firms', their links to bigger brokerage groups are being probed by
Aug 13, 2017, 14:37 PM IST
I-T dept detects Rs 13,715 crore undisclosed income last fiscal
Last fiscal, the income tax department conducted searches at 5,102 premises of 1,152 groups during which undisclosed income of Rs 15,496 crore was admitted.
Aug 08, 2017, 18:44 PM IST
Online filing of IT returns up by 20 percent: Finance Ministry
The deadline for filing IT returns was extended until August 5, in lieu of the difficulties faced by the taxpayers.
Aug 03, 2017, 16:51 PM IST
Income Tax Filing 2017: Here is why you should check Form 26AS
Form 26AS is essentially a tax credit statement which displays all taxes received by the I-T department. The form is accessible from the tax department's website.
Jul 22, 2017, 12:54 PM IST
Legal services provided by advocates covered under GST: CBEC
Legal services, including representational services, provided by advocated are covered under reverse charge of GST, it said.
Jul 15, 2017, 20:09 PM IST
IT dept seizes 'benami' properties of Bihar deputy CM Tejashwi Yadav, Misa Bharti, her husband Shailesh Kumar
The department has been investigating a money laundering case against her.
Jun 19, 2017, 21:11 PM IST
I-T's just a click away; tax scrutiny reply set to get easier
Replying to income tax scrutiny notices with supporting documents will soon be just a click away.
Jun 11, 2017, 11:21 AM IST
Chidambaram, Lalu Prasad Yadav's houses raided by CBI, Income Tax department, Opposition cries vendetta; day of reckoning has come, says Arun Jaitley
The premises of P Chidambaram and Lalu Prasad, were on Tuesday raided by CBI and I-T officials.
May 17, 2017, 00:18 AM IST
Day of reckoning has come: FM Jaitley on raids on Chidambaram, Lalu
Finance Minister Arun Jaitley on Tuesday defended searches at the homes of his predecessor P Chidambaram and his son as also RJD chief Lalu Prasad, saying the day of reckoning has come for many and they will be held accountable for their misdeeds.
May 16, 2017, 20:20 PM IST
I-T dept to seek info on deposits made during demonetisation in new ITRs
The taxman will seek data on deposits made by an assessee during the demonetisation period as part of the new Income Tax Returns (ITRs) that would be notified soon for assessment year 2017-18.
Mar 30, 2017, 20:06 PM IST
Hard cash being disclosed must exist on payment date: I-T dept
Weeks before the new tax amnesty scheme closes, the government has clarified that any hard cash being disclosed must exist at the time of making payments, but the same condition is not necessary for undisclosed income held in the form of deposits.
Mar 15, 2017, 12:19 PM IST
I-T dept app to track refunds; plans issuing PAN in real time
The I-T department has developed a mobile app for paying taxes and tracking refunds and is considering issuing PANs on real time basis using Aadhaar biometric.
Mar 10, 2017, 19:06 PM IST
I-T dept asks blackmoney holders to make honest declarations
The I-T department on Thursday nudged blackmoney holders to make "honest" disclosures under the tax amnesty scheme -- PMGKY -- warning that non-declaration could attract 77.25 percent tax and penalty along with prosecution.
Mar 09, 2017, 11:14 AM IST
Taxman to scrutinise loan deposits under op 'clean money'
The Income Tax department may initiate penal action and impose an equivalent penalty in select cases of loan amount deposits of Rs 20,000 or more as part of the 'Operation Clean Money' to check stash post demonetisation.
Feb 22, 2017, 20:10 PM IST
