IT Department
5000 companies under scanner of IT Department
Mon, Jan 27, 2020
Income tax officials have reportedly identified approximately 5,000 mid-and small-sized firms for alleged violations of income tax rules, including disparities between their goods and services tax (GST) returns and tax declarations for 2018-19.
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Desh Ki Baat: 12 senior I-T Officers ordered compulsory retirement by Finance Ministry
Tue, Jun 11, 2019
The axe has fallen on about 12 senior officers of the rank of chief commissioners, principal commissioners, commissioners of income tax department under rule FR (fundamental rule) 56 (j) of central civil services (pension) rules.
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Sensex closes 165 points higher, Nifty at 11,965; Zee Entertainment, ONGC, YES Bank top performers
Tue, Jun 11, 2019
The government has dismissed from service twelve senior income tax officers, including joint commissioner Ashok Agarwal, on charges of corruption and professional misconduct, sources said.
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Indian Government will track you on social media to Tax you down
Sun, Mar 31, 2019
Social Media may soon come under the eyes of the Income Tax Department of India, to grab tax thieves and defaulters in the country. The IT department has initiated 'Project Insight' to bring tax thieves and people, who pose rich on social media, under surveillance.
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Income Tax returns filing: IT department wants Kannada film industry to pay taxes, file returns - Here is why they took such step
Tue, Jan 08, 2019
The I-T office issued search warrants under section 132 of the Income-Tax Act 1961 on those who were searched a day or two ahead of conducting the raids.
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PAN card alert: Applying for Permanent Account number? You may not have to do this anymore
Sat, Sep 01, 2018
At present, providing father's name in the PAN application Forms (Form No.49A and Form No.49AA) is mandatory, however, the applicant has been given an option to select the name of either father or mother, which the applicant may like to be printed on PAN card.
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India sends tax notices to cryptocurrency investors as trading hits $3.5 billion
Fri, Jan 19, 2018
India has sent tax notices to tens of thousands of people dealing in cryptocurrency after a nationwide survey showed more than $3.5 billion worth of transactions have been conducted over a 17-month period, the income tax department said.
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Raids on over 180 premises: Dhinakaran cries 'conspiracy'
Fri, Nov 10, 2017
Income Tax sleuths today carried out simultaneous multi-city raids on 187 premises including those linked to sidelined AIADMK leaders V K Sasikala and her nephew T T V Dhinakaran and Tamil television channel Jaya TV over suspected tax evasion.
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I-T Department unearths income of Rs 5,400 crore post-note ban
Sat, Jul 22, 2017
"During the period from November 9, 2016 to January 10, 2017, more than 1,100 searches and surveys were conducted by the I-T Department apart from issuing more than 5,100 verification notices in the cases of suspicious high value cash deposits or related activities," Minister of State for Finance Arjun Ram Meghwal told the Lok Sabha.
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