I-T to go easy on up to Rs 5 lakh deposits by 70-plus people
The income tax department will be going easy for cash deposits up to Rs 5 lakh made by 70-plus people. This means no further verification will be required in such case.
Feb 22, 2017, 14:55 PM IST
Operation Clean Money: No threat or show cause to taxpayers, CBDT tells taxman
The CBDT on Tuesday asked the taxman to ensure there is no "threat, warning or show cause" notice to taxpayers contacted by it under 'Operation Clean Money' that is aimed at checking black money post-note ban.
Feb 21, 2017, 19:43 PM IST
I-T department books arms dealer Sanjay Bhandari under new anti-black money act
The Income Tax department has booked arms dealer Sanjay Bhandari under the new and stringent anti-black money Act and is mulling attaching his foreign and domestic assets as part of a tax evasion probe against him.
Feb 20, 2017, 19:07 PM IST
I-T dept to launch 2nd phase of bank accounts scrutiny next month
The I-T department is likely to launch the second phase of 'Operation Clean Money' next month to close in on unaccounted money making its way into banks but may ignore standalone deposits below Rs 5 lakh for now.
Feb 20, 2017, 16:28 PM IST
I-T dept to scrutinise tax relief claims by sick companies
The I-T Department has asked Assessing Officers to scrutinise tax relief being claimed by sick companies as part of the rehabilitation scheme approved by the BIFR.
Feb 15, 2017, 15:58 PM IST
CBDT signs 4 more advance pricing pacts with tax payers
The CBDT expects more APAs to be concluded and signed before the end of the current fiscal.
Feb 07, 2017, 13:16 PM IST
I-T dept clarifies on deposits, says no questions on deposits up to Rs 2.5 lakh
"There is no need to fear for any genuine person. We will ensure there is no harassment to genuine person," Central Board of Direct Taxes (CBDT) Chairman Sushil Chandra said at CII post-Budget seminar.
Feb 06, 2017, 17:48 PM IST
I-T department to impose fine on filing I-T return after due date
I-T department to impose fine on filing I-T return after due date. Watch the full segment for more details.
Feb 03, 2017, 00:00 AM IST
I-T department to question 18 lakh tax-payers, scan deposits of over Rs 5 lakh: Hasmukh Adhia
Hasmukh Adhia. Watch the full segment for more details.
Feb 02, 2017, 23:59 PM IST
I-T dept asks taxpayers to e-verify deposits post demonetisation
As the Income Tax Department uses Big Data to catch evaders, it is asking taxpayers to verify online the deposits they made in their accounts post demonetisation and respond to queries of any mismatch.
Feb 02, 2017, 16:09 PM IST
Tax dept to rope in auditors to probe bank deposits
With an estimated Rs 15 lakh crore back in the banking system post demonetisation, the income tax department is in talks with leading global tax consultants, including EY, KPMG and PricewaterhouseCoopers, for forensic audit of the data to see if any of it is laundered money.
Jan 08, 2017, 16:40 PM IST
Government extends tax dispute resolution scheme by one month
The government on Friday extended the tax dispute resolution scheme by one month to January 31, 2017.
Dec 30, 2016, 12:18 PM IST
ED arrested the manager of Kotak Mahindra bank for illegal exchange of money
ED arrested the manager of Kotak Mahindra bank for illegal exchange of money. Watch this special segment and get to know more here.
Dec 29, 2016, 13:01 PM IST
Notes ban: ED arrests Kotak Bank manager in Delhi on charges of money laundering
The Enforcement Directorate on Wednesday arrested the manager of Kotak Bank branch in Delhi in connection with its money laundering probe in a criminal case of detection of nine alleged fake accounts with deposits worth Rs 34 crore post demonetisation.
Dec 28, 2016, 11:06 AM IST
IT Dept raids Kotak Bank's KG Marg branch over fake account reports
The Income Tax Department on Friday raided Kotak Bank's KG Marg branch in connection with survey on 2 of its customers and related accounts.
Dec 23, 2016, 11:09 AM IST
I-T dept recovers Rs 66 lakh cash in new notes in Hyderabad
As a part of anti black money crackdown operations in the city, income tax department officials have recovered Rs 66 lakh in cash, all in new Rs 2000 notes.
Dec 18, 2016, 10:58 AM IST
I-T department rejects declaration of Rs 2,00,000 crore made under IDS by Mumbai family
The Income Tax department has rejected declaration of Rs 2,00,000 crore made under IDS made by a family of four from Mumbai
Dec 04, 2016, 18:52 PM IST
Depositing cash over Rs 2.5 lakh? Banks, Post Offices will report it to Income Tax
The government has asked banks and post offices to report to the I-T Department all deposits above Rs 2.50 lakh in savings accounts, and more than Rs 12.50 lakh in current accounts, made during the 50-day window provided to tender the scrapped 500 and 1000 rupee notes.
Nov 16, 2016, 18:26 PM IST
No raids by Delhi's VAT department: Arvind Kejriwal to traders
Delhi Chief Minister Arvind Kejriwal today said the VAT department was not carrying out raids on traders and termed as "completely false" such whispers as he appealed to the city's shopkeepers to report to police if anyone claimed to be from the agency.
Nov 11, 2016, 20:57 PM IST
CBDT launches online 'nivaran' to resolve I-T grievances
CBDT has launched the ambitious 'e-nivaran' facility for online redressal of taxpayers' grievances related to refunds, ITRs and PAN among others as part of its initiative to reduce instances of harassment of the public when it comes to complaints related to the I-T department.
Sep 08, 2016, 17:31 PM IST
