Deshhit: Ahmed Patel under scanner after picture of him sitting with AICC officer being raided by I-T emerges
In a development which can have far-reaching political implications, senior Congress leader Ahmed Patel has landed into a controversy after a picture of him with an AICC worker, whose residence was being raided by the Income-Tax department
Apr 09, 2019, 21:36 PM IST
Black money: I-T dept unearths undisclosed income of Rs 7,961 crore
In a written reply to the Lok Sabha, Minister of State for Finance Pon Radhakrishnan said the department, during this period, conducted searches on around 900 groups, wherein assets worth over Rs 900 crore were seized and undisclosed income of Rs 7,961 crore was admitted.
Dec 18, 2017, 19:26 PM IST
Notices issued to all those named in Panama Papers: FM Jaitley
Government on Friday said in the Lok Sabha that it has issued notices to all the people named in the Panama Papers but tax laws do not allow the proceedings to be made public till cases are filed in courts.
Apr 29, 2016, 13:58 PM IST
Tax Dept issues refunds of over Rs 1.17 lakh crore
Income-tax Department issued tax refunds of over Rs 1.17 lakh crore in the last financial year ended March 31, of which Rs 37,870 crore was done in an automated manner.
Apr 04, 2016, 15:35 PM IST
Tax deptt issues guidelines for e-communication to assessees
To ease communication with the Income-Tax department, the government has allowed tax payers to reply to notices using their registered email address.
Feb 05, 2016, 15:30 PM IST
Tax payers can now e-verify ITRs using bank, demat a/c details
Currently an Income-Tax Return or ITR can be e-verified by using internet banking, email or an Aadhaar number-generated One Time Password (OTP).
Jan 22, 2016, 19:21 PM IST
Court pulls up I-T Dept for withholding info on foreign accounts
A Delhi court on Thursday pulled up the Income Tax (IT) Department for withholding information on foreign bank accounts of those persons against whom it has filed complaints and slapped a fine of Rs 10,000 on it.
May 28, 2015, 17:59 PM IST
Foreign travel details in ITR at suggestion of SIT: Jaitley
Foreign travel details sought in the new income tax return (ITR) forms was done so that risk profiling for detection of tax evasions could be done but the form is being modified in view of the opposition to it.
May 12, 2015, 19:10 PM IST
Biz leaders meet FM Jaitley; want tax return forms simplified
The industry representatives said after the meeting that Jaitley assured them to look into simplifying the ITR and at making the forms smaller and the process of filing returns quicker.
Apr 24, 2015, 20:40 PM IST
Unsustainable tax demand would only earn bad name: FM
Jaitley's comments come in the wake of Mumbai High Court order earlier this week wherein Income-Tax Department lost its Rs 18,000-crore transfer pricing cases against oil major Shell India.
Nov 21, 2014, 18:06 PM IST
