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Latest Articles in income tax department

I-T, Corporate Tax Mop Up Exceeds Revised Estimates At Rs 9.45 Lakh Cr In FY21

The collection for just concluded 2020-21 fiscal was 5 per cent higher than the RE, but was 10 per cent lower than the mop up in 2019-20.

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Income Tax Raids On Tapsee Pannu, Anurag Kashyap's premises

The raids are being conducted by the investigation agency at the property of the company Phantom Films, which was co-produced by Anurag Kashyap, the producer Vikas Bahl.

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Govt Extends Deadline For Filing Declarations Under VsV Scheme Till Mar 31, Payment Till Apr 30

The taxpayer is granted immunity from levy of interest, penalty and institution of any proceeding for prosecution for any offence under the Income-tax Act in respect of matters covered in the declaration.

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Income Tax raids at Gurugram-based real estate company, seizes incriminating documents, foreign currencies

Income Tax raids at Gurugram-based real estate company, seizes incriminating documents, foreign currencies

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I-T uncovers Rs 335 cr undisclosed income during raid on Pune-based tobacco group

I-T uncovers Rs 335 cr undisclosed income during raid on Pune-based tobacco group

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I-T refunds over Rs 1.91 lakh crore issued between April 1 to Feb 8

I-T refunds over Rs 1.91 lakh crore issued between April 1 to Feb 8

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Kolkata-based group concealed Rs 309 crore income, says I-T dept

Kolkata-based group concealed Rs 309 crore income, says I-T dept

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I-T dept seizes 4.7 kg gold bullion from evangelist Dhinakaran's residence

I-T dept seizes 4.7 kg gold bullion from evangelist Dhinakaran's residence

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IT dept conducts searches in Thane, seizes unaccounted cash worth over Rs 10 crore

IT dept conducts searches in Thane, seizes unaccounted cash worth over Rs 10 crore

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IT Dept carries out search on entities engaged in hotel, real estate business in Kolkata

IT Dept carries out search on entities engaged in hotel, real estate business in Kolkata

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Income Tax Dept conducts searches in Hyderabad using bogus sub-contracts

Income Tax Dept conducts searches in Hyderabad using bogus sub-contracts

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Govt Rejects Demand For Further Extension Of Returns Filing Date Beyond 15 Feb

Last month, the government had extended the income tax return (ITR) filing deadline for individuals till January 10, and for companies till February 15.

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Income Tax department conducts searches in Kolkata

Income Tax department conducts searches in Kolkata

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Govt Extends Due Date For FY20 ITR Filing By Individuals Till 10 January 2021

The government had earlier extended various due dates for filing ITRs for FY 2019-20 from July 31 to December 31, to give compliance relief to taxpayers due to the COVID-19 pandemic.

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Tax Tribunal Upholds Tax-Exempt Status Of Tata Trusts; Censures Mistry

The income tax department had based its action on the premise that charitable trusts claiming tax-exempt status are prohibited from buying and selling shares and benefitting from such activity.

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