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.
Cities | Press Trust of India | Thursday April 10, 2014
Three persons were arrested after a sum of Rs 1 crore was seized from the Scorpio they were travelling in Patna today, police and sources at the Income Tax department said.
Thursday April 3, 2014
Cairn faces a potential tax demand on an alleged Rs 24,500 crore of capital gains it made when in 2006-07 it transferred all its India assets to a new company, Cairn India.
Election 2014 | Indo-Asian News Service | Wednesday April 2, 2014
The Income Tax (IT) department has seized over Rs.3 crore in unaccounted cash and valuables, including gold, in West Bengal, an Election Commission (EC) official said on Wednesday.
Wednesday April 2, 2014
The Centre on Tuesday told the Supreme Court that an investigation was being carried out by the Income Tax Department into an alleged money laundering issue raised during hearing of pleas, seeking cancellation of Reliance Industries Ltd's contract fo...
Cities | Press Trust of India | Tuesday April 1, 2014
A local court here today granted bail to Deputy Commissioner of Income Tax Department Poonam Rai, her husband and BJP leader Ganesh Malviya and two others arrested on Friday by CBI for allegedly accepting a bribe of Rs 10 lakh from a builder.
Sunday March 30, 2014
For filing income tax returns online, a paper copy of the Income Tax Return Verification (ITRV) form should only be sent through "speed post" to the Central Processing Centre (CPC) of the department in Bengaluru, according to a senior official.
Thursday March 27, 2014
To facilitate last minute filing of income tax returns by taxpayers, field income tax offices throughout India shall remain open on March 29, 30 and 31.
Monday March 24, 2014
The apex court on March 14 had dismissed Nokia's plea against the Delhi High Court order directing its parent company in Finland to give an undertaking to fulfil the conditions relating to payment of tax dues.
Sunday March 23, 2014
The Central Board of Direct Taxes (CBDT) has cancelled leave of all officials on tax collection duty and ordered 24X7 functioning of its offices till March 31 in order to collect the remaining revenue of over Rs 50,000 crore before the end of the cur...
Friday March 21, 2014
The Income Tax Department on Friday conducted a 'survey' at different offices of Sesa Sterlite, the main operating company of London-listed Vedanta Resources, in connection with a tax refund of about Rs 1,500 crore claimed by the company, according t...
Reuters | Monday March 24, 2014
The company said it "considers the claim to be completely without merit and counter to domestic tax laws."
Election 2014 | Press Trust of India | Saturday March 15, 2014
The Income Tax department has floated a toll-free helpline number for general public to alert it about any suspicious movement of large sums of cash in the national capital during polls.
Sunday February 16, 2014
In a last-ditch effort to meet revenue targets, the Income Tax Department will be sending out letters to 23 lakh assessees who have not filed returns, according to an official.
Saturday February 15, 2014
The details that you file regarding your income, investments and tax exemptions are verified by the income tax department with the details obtained as per your PAN records.
Tuesday February 11, 2014
The fresh copies of ITR-V, by such category of taxpayers, should be sent to the Central Processing Centre (CPC) of the I-T department in Bangalore only by "speed post".
Cities | Press Trust of India | Sunday February 9, 2014
Income Tax department has begun a "discreet" probe into alleged tax violations by the American Embassy school in Delhi even as the External Affairs Ministry awaits a response from their officials on the details of the teachers working at the school a...
Friday January 31, 2014
Life Insurance Corporation of India, the largest insurer in the country, has over Rs 7,000 crore in tax demand pending against it.
Friday January 31, 2014
British oil explorer Cairn Energy said it would defend its position in relation to inquiries by Indian Income Tax Department, reassuring on Friday that it had complied with all the country's fiscal rules.
Thursday January 30, 2014
New norms for issuing PAN card that required verification of original documents have been put on hold with the Finance Ministry announcing on Thursday that the existing procedure will continue.