Income Tax Department

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'Income Tax Department' - 73 Video Result(s)

'Income Tax Department' - 409 News Result(s)

  • Bombay High Court Gives Bail to Hasan Ali in Tax Evasion Cases

    Bombay High Court Gives Bail to Hasan Ali in Tax Evasion Cases

    The controversial Pune-based businessman Hasan Ali has been granted bail by the Bombay High Court in seven cases filed by the Income Tax Department for allegedly evading tax to the tune of Rs one lakh crore during 2001 to 2007.

  • Centre to Release Telangana Funds Attached by Income Tax Department: Venkaiah Naidu

    Centre to Release Telangana Funds Attached by Income Tax Department: Venkaiah Naidu

    Union Urban Development Minister M Venkaiah Naidu today said that Finance Minister Arun Jaitley has assured that steps would be taken to release the Rs 1,250 crore of Telangana government attached by the Income Tax department.

  • Filing Income Tax Return: Interest Under Section 234B Explained

    Filing Income Tax Return: Interest Under Section 234B Explained

    For those who have a tax liability in excess of Rs 10,000 in a financial year, the Income Tax Department requires them to pay advance tax.

  • Shah Panel's Recommendation on MAT Positive for Market: Jayant Sinha

    Shah Panel's Recommendation on MAT Positive for Market: Jayant Sinha

    The panel, headed by Law Commission Chairman A P Shah, was set up to resolve the dispute between FIIs and the government after notices were served to 68 FIIs by the Income Tax Department demanding Rs 602 crore as MAT dues.

  • Revenue Department Probing Entities Over Penny Stock Misuse: Shaktikanta Das

    Revenue Department Probing Entities Over Penny Stock Misuse: Shaktikanta Das

    Capital market regulator Sebi yesterday barred 59 entities, including HNIs, from securities markets and also referred the case to the Income Tax Department for further investigations.

  • Sebi Bars 59 Entities for Suspected Tax Evasion via Stock Options

    Sebi Bars 59 Entities for Suspected Tax Evasion via Stock Options

    In a fresh clampdown on entities misusing stock markets for evading taxes, the Securities and Exchange Board of India (Sebi) on Thursday barred 59 entities, including high net worth individuals (HNIs), from the securities markets and also referred the case to the Income Tax Department for further investigation.

  • P Chidambaram Rebuts Sushma Swaraj's Charge: Sources

    P Chidambaram Rebuts Sushma Swaraj's Charge: Sources

    Sources close to Congress leader P Chidambaram today dismissed the charge of conflict of interest when his wife appeared as a senior counsel for the income tax department in 2004 when he was Finance Minister or when she took up the case of a woman in connection with the Sarada chit fund scam case.

  • Government Notifies Changes in Rules for Foreign Account Tax Compliance Pact

    Government Notifies Changes in Rules for Foreign Account Tax Compliance Pact

    The Revenue Department has amended income tax rules to provide for reporting of information with regards to financial assets and accounts, a month after India signed a tax information sharing agreement with the US.

  • E-Filing of ITR: Over 7.5 Lakh Returns Verified

    E-Filing of ITR: Over 7.5 Lakh Returns Verified

    The Income Tax Department's ambitious one-time transaction-based (OPT) ITR filing system for taxpayers has started on a high note with its portal electronically verifying over 7.5 lakh returns and linking over 11 lakh Aadhaar numbers with the PAN database.

  • Taxman Asked to Maintain Punctuality

    Taxman Asked to Maintain Punctuality

    Taking an adverse view of certain Income Tax Department officials not adhering to stipulated office timings, the Central Board of Direct Taxes (CBDT) has warned defaulters to mend their ways as this was causing inconvenience to taxpayers.

  • Income Tax Department Notifies ITR Forms for Companies, Firms

    Income Tax Department Notifies ITR Forms for Companies, Firms

    The Central Board of Direct Taxes (CBDT) has notified ITR 3, 4, 5, 6 and 7 for Assessment Year 2015-16. These forms are used by non-salaried entities to file income tax returns.

  • Small Bank Licence: Taxmen Asked to Verify Applicant Credentials, Says Report

    Small Bank Licence: Taxmen Asked to Verify Applicant Credentials, Says Report

    The Reserve Bank of India (RBI) has asked the Income Tax Department to get a 'tax angle' verification done for four dozen corporate entities seeking licence to operate small finance and payment banks in the country.

  • Government Compiling List of Tax Defaulting Foreign Companies: Jayant Sinha

    Government Compiling List of Tax Defaulting Foreign Companies: Jayant Sinha

    The income tax department has assessed as many as 8,354 foreign companies in India.

  • Sebi Busts Billion Dollar 'Tax Evasion Shops' in Stock Market

    Sebi Busts Billion Dollar 'Tax Evasion Shops' in Stock Market

    Suspecting tax evasion of at least Rs 5,000-6,000 crore, the Securities and Exchange Board of India (Sebi) has clamped down on a large number of organised syndicates who had set up 'shops' to convert black money into legitimate-looking funds through the stock market platform.

  • Blackmoney: E-Filing Link to Declare Illegal Assets Launched

    Blackmoney: E-Filing Link to Declare Illegal Assets Launched

    The Income Tax department has launched a e-filing link on its official website for declaring illegal foreign assets and black money using the one-time compliance window notified recently by government.

  • IT Department to Bring 1 Crore New People Under Tax Net This Fiscal

    IT Department to Bring 1 Crore New People Under Tax Net This Fiscal

    As part of government's initiative to broaden the tax base, the Central Board of Direct Taxes (CBDT), the apex policy making body of the I-T, this week activated all field formations of the department to achieve the goal with the Pune region being given the maximum target of bringing in over 10 lakh new assesses.

  • Income Tax Department Warns of Action Against Those Disclosing Secret Information

    Income Tax Department Warns of Action Against Those Disclosing Secret Information

    The Central Board of Direct Taxes (CBDT) said the confidentiality of taxpayers' information has assumed a greater significance in view of "increased availability of information" regarding offshore tax evasion, tax avoidance and stashing of unaccounted money abroad.

  • Filing of Income Tax Returns: Answers to Some Common Questions

    Filing of Income Tax Returns: Answers to Some Common Questions

    As the income tax return or ITR forms are released by the Income Tax Department, and with the start of e-filing of returns, it's common for the salaried or those earning an income to have some basic questions about tax returns.

  • Government Drafting Model Legislations for GST Implementation: Excise Board Official

    Government Drafting Model Legislations for GST Implementation: Excise Board Official

    Model legislations to implement the Goods and Services Tax (GST) are being prepared and will be put up for comments from stakeholders after Parliament approves the GST Constitution Amendment Bill, an Income Tax Department official has said.

  • IT Department Starts Electronic Verification of Income Tax Returns

    IT Department Starts Electronic Verification of Income Tax Returns

    A taxpayer can verify return through Internet banking or through Aadhar-based authentication process.

  • Taxmen Asked to File Appeals on Merit

    Taxmen Asked to File Appeals on Merit

    Disapproving of the 'casual' attitude of taxmen in filing appeals and pursuing litigation in important revenue matters, the Central Board of Direct Taxes (CBDT) has asked the Income Tax Department to take legal recourse only in "deserving" cases.

  • Shah Panel Holds Meeting With Taxmen

    Shah Panel Holds Meeting With Taxmen

    The high-level Justice A P Shah panel, set up to look into the levy of MAT or Minimum Alternate Tax on foreign institutional investors (FIIs), on Tuesday held consultations with officials of the Income Tax Department.

  • Black Money Compliance Window Not to Apply if Proceedings Already On: Government

    Black Money Compliance Window Not to Apply if Proceedings Already On: Government

    The government has said Indians against whom information has been received from foreign nations on overseas accounts or assets won't be eligible to use compliance window to make voluntary disclosures under the stringent new black money law.

  • Black Money Law: Compliance Window Not to Apply if Proceedings Already On

    Black Money Law: Compliance Window Not to Apply if Proceedings Already On

    The government on Friday said Indians against whom information has been received from foreign nations on overseas accounts or assets will not be eligible to use compliance window to make voluntary disclosures under the stringent new black money law.

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