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Latest Articles in income tax

IT Dept Detects Rs 300-Cr Black Money After Raiding 2 Chennai Financing Groups

The evidence found in the premises of the financiers and their associates revealed that these groups have lent to various big corporate houses and businesses in Tamil Nadu, a substantial portion of which is in cash

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Income Tax Dept Claims Multi-Crore Tax Evasion After Raids On Gujarat Diamond Group

The assessee, over these years, has accounted for the sale of about Rs 2,742 crore of small diamonds in its books, against which, substantial part of purchases were made in cash, but the purchase bills were taken from accommodation entry providers, it alleged.

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BJP Once Praised Sonu Sood, Now Considers Him Tax Evader: Sena On I-T Action Against Actor

The I-T officials had descended on the premises linked to Sood in Mumbai and some other places on Wednesday in connection with an alleged tax evasion probe

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CBDT Extends Deadline For Filing Application For Settlement

In order to dispose off the pending settlement applications as of 31.01.2021, the Central Government has constituted an Interim Board for Settlement (hereinafter referred to as the "Interim Board"), vide Notification no. 91 of 2021 dated 10.08.2021. The taxpayers, in the pending cases, have the option to withdraw their applications within the specified time and intimate the

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IT Dept Raids Telecom Equipment Trading Firm; Claims Incriminating WA Chats Recovered

The searches were launched on Monday at its five premises, including the corporate office, residence of foreign director, residence of company secretary, accounts person and the cash handler of a foreign subsidiary company in India

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Sitharaman Meets Infosys Officials, Reviews Tech Glitches

Sitharaman, along with Minister of State for Finance Anurag Thakur, Revenue Secretary Tarun Bajaj, CBDT Chairman Jagannath Mohapatra and other senior ministry officials, went point by point on the issues facing the new portal with officials of Infosys - the vendor which developed the site.

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Burden Of Taxes Impeding Household Consumption: Ind Ra

The risk of declining real wage growth could limit the consumption and demand improvement both in the near and medium terms

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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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I-T Refunds Of Over Rs 2.24 Lakh Cr Issued This Fiscal Till Mar 29

CBDT issues refunds of over Rs 2,24,829 crore to more than 2.37 crore taxpayers between 1st April, 2020 to 29th March, 2021

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Income tax dept recovers Rs 300 crore during search operation in Kolkata

Income tax dept recovers Rs 300 crore during search operation in Kolkata

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Urdu Bulletin: Union Budget, reactions dominate page one

Urdu Bulletin: Union Budget, reactions dominate page one

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Expectations Of Taxpayers From Budget 2021

A tax rate jump of 5% to 20% at the barrier of ₹5 lakh is a big leap affecting the mind-set of taxpayers. The taxation at the barrier point of ₹5 lakh needs to be revisited in the old regime.

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IT dept conducts searches on 3 groups in Jaipur, traces unaccounted transactions of over Rs 1400 cr

IT dept conducts searches on 3 groups in Jaipur, traces unaccounted transactions of over Rs 1400 cr

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CBDT issues refunds of over Rs 1.7 crore to taxpayers

CBDT issues refunds of over Rs 1.7 crore to taxpayers

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I-T dept raids 28 properties of TN evangelist over tax evasion

I-T dept raids 28 properties of TN evangelist over tax evasion

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