income tax department - Latest News, Analysis, Opinion - BW Businessworld

The investigation is aimed at uncovering any irregularities related to the company's financial affairs

CBDT Notifies Rules For Valuing Rent-free Accommodation Provided By Employer

The revised rule will come into effect from 1 September 2023

6.77 Cr It Returns Filed By 31 July, 16.1% Increase: I-T Dept

According to data from the Income Tax Department, less than 10 per cent of all return files occurred on 31 July, the last date for submitting without penal charges

At Least 5.83 Cr ITR Filed For 2022-23 Fiscal, Surpassing Previous Year's Numbers

Banking & Finance

The Income Tax department tweeted, "5.83 crore ITRs have been filed till 1 pm today (30th July), crossing the number of ITRs filed till 31st July last year

IT Dept Initiates Investigations Against Social Media Influencers

The probe is based on allegations that these individuals are not reporting their income and profits accurately in accordance with their earnings

Income Tax Dept Raids Edible Oil Business Group In Bengal, Assam

The Income Tax Department has uncovered undisclosed income amounting to Rs 40 crore following a raid on a business group based in West Bengal, primarily operating in the North Bengal region

Tax Evasion: 89 High-value Overseas Remittances Are Under Scrutiny By I-T Dept

The top direct tax authority, the Central Board of Direct Taxes (CBDT), has ordered the officials in charge to begin verification and send notices to those involved in these transactions by 28 March

Income Tax Dept Serves Notice Of Rs 549 Cr To Amazon Web Services

Companies & Markets

According to reports, the income tax department has increased the demand for Rs 190.85 crore tax for 2014-15 and Rs 358.27 crore tax for 2016-17 by invoking Section 147 of the Income-tax Act

Income Tax Raids Underway At 64 Locations Of Packaging Company Uflex

Companies & Markets

The Income Tax department is conducting raids at packaging company Uflex Limited

Income Tax Surveys At BBC India Office For 2nd Day

On Tuesday, the I-T department conducted a survey at BBC's offices in Delhi and Mumbai in view of the British public broadcaster's "deliberate non-compliance" with the Transfer Pricing Rules and its vast diversion of profits

IT Dept Carries Out Raids In Business Premises Of Center For Policy Research

The specific justification behind leading the investigation, where just business premises are covered by the taxman, was not known

IT Dept Raids On Rajasthan's MoS For Home Rajendra Yadav's Loacations

The maximum number of raids are being conducted at 37 locations in Jaipur and Kotputli. Investigation is going on at the house, factory, office, godowns of the manufacturer and supplier in Jaipur and the locations of associates in Kotputli

Corporate Tax Collection Up 34% In April-July