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IT Department

Income Tax Season: Didn't get ITR refund? Here's what you can do if don't get refund after filing your income tax return

Income Tax Season: Didn't get ITR refund? Here's what y...

Tue, Jul 02, 2024

Income Tax Refund means refund of additional tax collected by the Income Tax Department. This tax goes to the Income Tax Department through TDS, TCS, advance tax or self assessment tax.

Tata Consumer gets Rs 171.83 crore tax demand from I-T department

Tata Consumer gets Rs 171.83 crore tax demand from I-T department

Sat, Jun 29, 2024

In a stock exchange filing, the fast-moving consumer goods (FMCG) major said the “demand is not maintainable and it is in the process of preferring an appeal and rectification against the said order”.

IT department invites comments on draft rules for valuing startup investment by non-residents

IT department invites comments on draft rules for valuing startup...

Sat, May 27, 2023

Suggestions/Comments have been invited from stakeholders & general public on the draft rules, which can be sent to ustpl2@nic.In, latest by June 5, 2023, the Central Board of Direct Taxes (CBDT) tweeted.

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I-T dept enables online filing of ITRs 1, 4

I-T dept enables online filing of ITRs 1, 4

Tue, May 23, 2023

The Income Tax department has enabled online filing of income tax returns (ITRs) 1 and 4, filed by individuals, professionals and small businesses, for 2022-23 fiscal.

Exclusive: Tough Time For Insurance Companies! IT Dept And GST IRDAI Sents Letter To SEBI Over Tax Evasion By Companies

Exclusive: Tough Time For Insurance Companies! IT Dept And GST IR...

Fri, Apr 21, 2023

According to the exclusive news of Zee Business, IT department and GST IRDAI have sent a letter to SEBI over tax evasion by insurance companies. Listed companies are accused of irregularities in the name of commission. Know the complete news from Tarun Sharma.

IT Department Finds Tax Evasion Evidence During BBC Raid: Check This Detailed Reported Of Zee Business

IT Department Finds Tax Evasion Evidence During BBC Raid: Check T...

Mon, Feb 20, 2023

In the BBC tax evasion case, the Income Tax Department has allegedly found huge evidence of tax evasion. According to sources, legal action against BBC is possible. In this case there will be tax liability of 2 years. BBC UK gives 9 percent of the earnings to BBC India. The Income Tax Department has found evidence of tax evasion of about Rs 55-60 crore.

GST Council has not sought states' views on raising tax rates

GST Council has not sought states' views on raising tax rate...

Sun, Apr 24, 2022

The goods and services tax (GST) Council has not sought views from states on hiking tax rates, a PTI report said quoting sources on Sunday.

I-T refunds of over Rs 1.44 lakh cr issued so far this fiscal

I-T refunds of over Rs 1.44 lakh cr issued so far this fiscal

Wed, Dec 22, 2021

Income tax refunds of over Rs 1.44 lakh crore have been issued to 1.38 crore taxpayers so far this fiscal, the I-T department said on Wednesday.

Glitches in new ITR e-filing portal: Finance Ministry, Infosys meeting TODAY at 11 AM- Check details

Glitches in new ITR e-filing portal: Finance Ministry, Infosys me...

Tue, Jun 22, 2021

Even two weeks after the launch of the much-talked about new income tax return (ITR) e-filing portal, technical glitches continue to trouble the site. This issue will be taken by the officials of the Finance Ministry with Infosys, the vendor that provided this solution at a meeting today at 11 AM.

Want to know advantages of new e-filing portal by I-T department? Check here

Want to know advantages of new e-filing portal by I-T department?...

Fri, May 21, 2021

The new taxpayer-friendly portal integrated with immediate processing of Income Tax Returns (ITRs) to issue quick refunds to taxpayers.

IT dept begins to tighten noose around tax evaders with its faceless assessment scheme

IT dept begins to tighten noose around tax evaders with its facel...

Fri, Dec 25, 2020

It will now become difficult for tax payers to dupe the income tax department as the latter, with the help of its faceless assessment system, has begun to tighten noose around those who have deliberately chosen to not respond to the notices for enquiry and verification of the tax returns, according to the government sources

Tax raids on 66 premises of self-styled evangelist in Kerala; Rs 6 cr unaccounted cash seized by I-T dept

Tax raids on 66 premises of self-styled evangelist in Kerala; Rs...

Fri, Nov 06, 2020

The Income-Tax department has carried out search and seizure operations on Thursday at premises of a self-styled evangelist of Thiruvalla in Kerala and his group of various trusts, the department said in a press release

Last date for filing ITR - TDS/TCS: Taxpayers must know these important deadlines

Last date for filing ITR - TDS/TCS: Taxpayers must know these imp...

Fri, Jul 31, 2020

An important update for all tax payers. The income tax department has extended the due dates for filing the TDS/TCS related compliance. See the nature of compliance and the new due dates notified by the department on 24 June 2020

5000 companies under scanner of 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.

I-Tax Department to not send notices directly to tax payers

I-Tax Department to not send notices directly to tax payers

Fri, Sep 13, 2019

Soon, the Income Tax Department will not send notices directly to tax payers but an e-assessment centre has been formed to do so.

I-T department to share details of assets, accounts of loan defaulters with banks

I-T department to share details of assets, accounts of loan defau...

Wed, Jun 26, 2019

Income tax authorities will share details of assets of borrowers and their guarantors with public sector banks in case of loan defaults.

Desh Ki Baat: 12 senior I-T Officers ordered compulsory retirement by Finance Ministry

Desh Ki Baat: 12 senior I-T Officers ordered compulsory retiremen...

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.

Sensex closes 165 points higher, Nifty at 11,965; Zee Entertainment, ONGC, YES Bank top performers

Sensex closes 165 points higher, Nifty at 11,965; Zee Entertainme...

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.

Centre compulsorily retires 12 senior IT officers for corruption, misconduct

Centre compulsorily retires 12 senior IT officers for corruption,...

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.

Zee Business Exclusive: Tax evasion on radar of IT department

Zee Business Exclusive: Tax evasion on radar of IT department

Tue, May 07, 2019

Tax evasion on Radar of IT department. Watch this video to know more.

Indian Government will track you on social media to Tax you down

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.

Income Tax returns filing: IT department wants Kannada film industry to pay taxes, file returns - Here is why they took such step

Income Tax returns filing: IT department wants Kannada film indus...

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.

PAN card alert: Applying for Permanent Account number? You may not have to do this anymore

PAN card alert: Applying for Permanent Account number? You may no...

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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