Wednesday July 23, 2014
In a step towards taxpayer-friendly regime, Finance Minister Arun Jaitley on Wednesday asked revenue department officials to adopt non-intrusive methods of investigation and impressed upon the need for skill development.
Tuesday July 22, 2014
As government makes effort to bring illicit money stashed abroad, Finance Minister Arun Jaitley on Monday asked the Income Tax Department to focus its effort on unearthing 'quite large' black money within the country as well.
Sunday July 20, 2014
The top brass of Income Tax Department and Central Board of Direct Taxes (CBDT) will strategise steps for revenue collection post-Budget announcements during a two-day conference beginning in Delhi on Monday.
Friday July 18, 2014
"The pendency of grievances ranging from a few days to up to 11 years shows that there are various flaws in the system and in the administrative mechanism which needs immediate attention," the report tabled in Parliament today said.
Wednesday July 16, 2014
According to official data, the I-T department detected undisclosed income worth Rs 10,791.63 crore in search operations during the just concluded 2013-14 fiscal while it also found unreported income of Rs 90,390.71 crore in survey operations conduct...
India | Press Trust of India | Monday July 14, 2014
The Income Tax department today cautioned the public against responding to emails originating from private addresses.
Tuesday July 15, 2014
"Information has been received from several quarters that emails are being received by taxpayers claiming to be sent by the Income Tax Department asking the taxpayers to download file containing payable tax details."
Monday July 7, 2014
The 70 Aaykar Sampark Kendras (ASKs) or computerised I-T centres will be in addition to the 189 such centres which provide single-window service to taxpayers.
India | Press Trust of India | Friday July 4, 2014
Taxpayers filing their I-T (Income Tax) returns this year will now have to share their email-id and mobile phone number with the tax department.
Thursday July 3, 2014
The demand is for the last three years.
Wednesday July 2, 2014
The Central Board of Direct Taxes (CBDT), the administrative authority of the tax department, has decided to open these offices in various cities in order to help taxpayers get their grievances solved and obtain a number of services like applying for...
Wednesday June 25, 2014
Cracking its whip, the Central Board of Direct Taxes (CBDT) has asked the Income Tax Department to ensure prompt action in timely redressal of taxpayers' grievances pending for a long time.
Tuesday June 24, 2014
In a multi-billion dollar deal that could have bearing on India's fight against black money, global giant HSBC on Tuesday sold its Swiss private banking assets worth $12.5 billion to Liechtenstein's LGT Bank.
Cities | mid-day.com | Friday June 13, 2014
This Mumbai housebreaker has blazed a trail by catching the attention of the Income Tax department, thanks to the colossal loot he has accumulated. Sravankumar Nadar (45), a known jeweller in the city, who hails from Tamil Nadu, is currently behind b...
India | Written by Saurabh Gupta | Saturday May 31, 2014
In its reply to an Income Tax Department notice, the Nationalist Congress Party (NCP) has said that they raised huge sums of money by distributing coupons across Maharashtra, sources have told NDTV.
Thursday May 29, 2014
In a step to help public sector banks to recover bad loans, the finance ministry has asked the I-T Department to share details of defaulters' wealth tax returns with banks if they ask for such information.
Monday May 12, 2014
Apart from DoT demands, the country's largest mobile operator has got contingent liabilities worth Rs 7,100.8 crore from various departments and agencies, including income tax for Rs 2,070 crore and customs duty worth Rs 605 crore.
Sunday May 4, 2014
High-end vehicles, posh villas, expensive plots, shares in beach-side hotels and vast tracts of agricultural land are some of the purchases made by the accused of the multi-crore payment scam in National Spot Exchange Limited (NSEL) through money lau...
Friday April 25, 2014
The new office which has been named Centralised Processing Cell-Compliance Management (CPC-CM) will have its base in the national capital and a dedicated workforce, drawn from the department, will man it.
Wednesday April 16, 2014
Scottish explorer Cairn Energy Plc has sought shareholders' approval to sell its 9.65 per cent stake in Cairn India after restrictions imposed by the Income Tax Department are lifted.