South | Press Trust of India | Friday November 14, 2014
An illegal money transfer racket was busted by police today with the detention of four persons, including two senior officials of a Chhattisgarh-based engineering firm, and Rs 2 crore was seized from them.
Sunday November 2, 2014
As part of its efforts to boost revenue collection, the Central Board of Direct Taxes (CBDT) has asked the Income Tax Department to monitor cases of over five lakh taxpayers who have not filed their latest tax returns.
Wednesday October 29, 2014
The Reserve Bank of India (RBI) has allowed all urban cooperative banks (UCBs) to act as PAN service agents.
Indo-Asian News Service | Monday October 13, 2014
The new email system is for "secure communication within the department and will ensure that no confidential information or data is stolen".
Sunday October 12, 2014
The department, official sources said, has recently discontinued its existing email systems (called Lotus mail and IMail) and has issued instructions to its countrywide staff to get new email IDs prepared after "validation" of their bona fides.
Wednesday October 1, 2014
The last date for deposit of Tax Deducted at Source (TDS) has been extended by three days to October 10 due to festivals.
Monday September 22, 2014
A revamped online portal of the Income Tax Department was launched on Monday which will enable taxpayers to file returns or apply for a PAN card through a 'single window' format.
Sunday September 21, 2014
Taxpayers will now be able to perform their income tax-related tasks like filing returns or applying for a PAN card from an enhanced single website to be launched by Finance Minister Arun Jaitley on Monday.
Thursday September 4, 2014
As per the norms released by the Central Board of Direct Taxes (CBDT), all cases where income exceeds Rs 10 lakh over the previous year will continue to be selected, as well as cases relating to survey, search and seizure and reassessment.
Friday August 22, 2014
The Income Tax Department has served a demand notice of Rs 6,234 crore to BSNL for allegedly under-reporting income in assessment year 2011-12.
Friday August 22, 2014
Undisclosed income to the tune of Rs 90,000 crore was detected during 2013-14 in various searches and surveys conducted by the Income Tax Department, a top official from the Central Board of Direct Taxes (CBDT) said in Hyderabad on Friday.
Monday August 11, 2014
With an estimated Rs 4 lakh crore of tax revenue locked up in litigation, the Central Board of Direct Taxes (CBDT) has created over 240 new posts of Commissioners (Appeals) to speed up legal disposal system in the Income Tax Department.
Thursday July 31, 2014
After asking taxpayers to validate their personal email ids and mobile phone numbers for online filing of Income Tax returns, the I-T department has now urged them to include its official email address in the 'safe list' of their inboxes
Wednesday July 30, 2014
For those who have not yet filed their returns yet, they may be tempted to download mobile applications and finish the job on their handheld devices.
Tuesday July 29, 2014
Income of alternative investment funds (AIFs) will be taxed at the maximum rate of 30 per cent, the revenue department has said.
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...