Income Tax Departement
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Over Rs 100 Crore Mismatch In Vijay's Poll Affidavits, Court Seeks Tax Reply
Vijay had filed papers to contest the Tamil Nadu election from two seats - Trichy and Perambur
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IT Department Reportedly Issues Tax Notices to Crypto Traders Over Past Unreported Transactions
Indian tax authorities are issuing notices to crypto investors over unreported transactions from past financial years. The move follows increased scrutiny of exchange data and income filings, with regulators using analytics tools to detect mismatches. The notices aim to improve compliance and allow investors to clarify discrepancies before further ...
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Supreme Court Refuses Plea Over 'Invasive' Seizure Powers For Tax Officials
The Supreme Court on Monday refused to hear a public interest litigation, or PIL, against a new law allowing Income Tax Department officers to search and seize personal electronic devices.
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'Will Contest' Says Meesho As I-T Slaps Rs 1,500 Crore Tax Demand Notice
The filing said that the demand order is based on certain additions and adjustments to the income reported by the company.
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Biryani Chains-Linked Tax Case Leads To Alleged 70,000 Crore Billing Scam
Three popular Hyderabad biryani chains are the focus of a major tax fraud inquiry that could lead authorities to widespread manipulation of restaurant billing systems and massive undeclared revenue.
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Vijay Can't Evade Rs 1.5 Crore Tax Penalty, Court Dismisses His Appeal
In a setback for actor-turned-politician Vijay, the Madras High Court today upheld its Rs 1.5 crore income tax penalty order and dismissed his appeal.
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Before Real Estate Tycoon CJ Roy's Suicide, Petition Against Tax Raids, Then 'U-Turn'
Days after realtor and businessman CJ Roy was found dead in his Bengaluru office, questions persist regarding the circumstances that led him to take such an extreme step.
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e-PAN Card: What Is It, How to Download, Benefits, Documents Required and More
The Income Tax Department issues a Permanent Account Number to individuals, companies, and other organisations to track their tax returns and other financial records. It also comes in handy when you have to file your tax returns. At the time of applying for a fresh PAN card, the Income Tax Department now gives you an option to either receive a phys...
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UP Labourer Receives Rs 7 Crore Income Tax Notice
A daily-wage labourer in an Uttar Pradesh village claimed to have received an I-T department notice demanding over Rs 7 crore in unpaid taxes. He is predictably puzzled and distressed about how to respond.
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Got ITR Mismatch Message From Income Tax Department? Here's What It Means
The Income Tax Department sends these messages as part of its risk management process to ensure accuracy in tax filings.
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Retired Army Man Duped Of Rs 23 Lakh. He Wanted Government Jobs For Family
The Delhi Police has arrested a 38-year-old man for allegedly cheating a retired Army officer of Rs 23 lakh by promising to secure government jobs in the Income Tax Department for his daughter and other relatives, an official said on Tuesday.
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Income Tax Officers To Access Your Bank, Social Media Accounts? A Fact Check
PIB clarified that Income Tax officials cannot access social media or email data of taxpayers unless a formal search operation is underway.
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PAN Card Apply Online: How To Apply For PAN Card Online via Different Methods
Permanent Account Number (PAN) Card is issued by the Income Tax (IT) Department, which comes under the aegis of the Central Board of Direct Taxes (CBDT). While there is no minimum age requirement to apply for a PAN Card, you do need to present multiple documents to initiate the process. The IT Department requires you to present a valid proof of ide...
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Man Who Bid 1.17 Crores For HR88B8888 Number Plate Now Faces Assets Inquiry
Haryana Transport Minister Anil Vij has ordered investigation into the assets and income of Sudhir Kumar, Director of transportation service Romulus Solutions Private Limited, man who bid Rs 1.17 crore for 'HR88B8888' number plate.
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Income Tax Department Said to Target Over 400 Wealthy Binance Traders in Major Tax Evasion Crackdown
The tax authorities have launched an extensive investigation into over 400 wealthy Binance users for possible tax evasion between 2022 and 2025. Officials are examining peer-to-peer trades and payments via banks, Google Pay, and cash. Binance’s re-entry in 2024, following a $2.25 million (Rs. 20 crore) fine and registration with the FIU, has give...
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Over Rs 100 Crore Mismatch In Vijay's Poll Affidavits, Court Seeks Tax Reply
Vijay had filed papers to contest the Tamil Nadu election from two seats - Trichy and Perambur
-
IT Department Reportedly Issues Tax Notices to Crypto Traders Over Past Unreported Transactions
Indian tax authorities are issuing notices to crypto investors over unreported transactions from past financial years. The move follows increased scrutiny of exchange data and income filings, with regulators using analytics tools to detect mismatches. The notices aim to improve compliance and allow investors to clarify discrepancies before further ...
-
Supreme Court Refuses Plea Over 'Invasive' Seizure Powers For Tax Officials
The Supreme Court on Monday refused to hear a public interest litigation, or PIL, against a new law allowing Income Tax Department officers to search and seize personal electronic devices.
-
'Will Contest' Says Meesho As I-T Slaps Rs 1,500 Crore Tax Demand Notice
The filing said that the demand order is based on certain additions and adjustments to the income reported by the company.
-
Biryani Chains-Linked Tax Case Leads To Alleged 70,000 Crore Billing Scam
Three popular Hyderabad biryani chains are the focus of a major tax fraud inquiry that could lead authorities to widespread manipulation of restaurant billing systems and massive undeclared revenue.
-
Vijay Can't Evade Rs 1.5 Crore Tax Penalty, Court Dismisses His Appeal
In a setback for actor-turned-politician Vijay, the Madras High Court today upheld its Rs 1.5 crore income tax penalty order and dismissed his appeal.
-
Before Real Estate Tycoon CJ Roy's Suicide, Petition Against Tax Raids, Then 'U-Turn'
Days after realtor and businessman CJ Roy was found dead in his Bengaluru office, questions persist regarding the circumstances that led him to take such an extreme step.
-
e-PAN Card: What Is It, How to Download, Benefits, Documents Required and More
The Income Tax Department issues a Permanent Account Number to individuals, companies, and other organisations to track their tax returns and other financial records. It also comes in handy when you have to file your tax returns. At the time of applying for a fresh PAN card, the Income Tax Department now gives you an option to either receive a phys...
-
UP Labourer Receives Rs 7 Crore Income Tax Notice
A daily-wage labourer in an Uttar Pradesh village claimed to have received an I-T department notice demanding over Rs 7 crore in unpaid taxes. He is predictably puzzled and distressed about how to respond.
-
Got ITR Mismatch Message From Income Tax Department? Here's What It Means
The Income Tax Department sends these messages as part of its risk management process to ensure accuracy in tax filings.
-
Retired Army Man Duped Of Rs 23 Lakh. He Wanted Government Jobs For Family
The Delhi Police has arrested a 38-year-old man for allegedly cheating a retired Army officer of Rs 23 lakh by promising to secure government jobs in the Income Tax Department for his daughter and other relatives, an official said on Tuesday.
-
Income Tax Officers To Access Your Bank, Social Media Accounts? A Fact Check
PIB clarified that Income Tax officials cannot access social media or email data of taxpayers unless a formal search operation is underway.
-
PAN Card Apply Online: How To Apply For PAN Card Online via Different Methods
Permanent Account Number (PAN) Card is issued by the Income Tax (IT) Department, which comes under the aegis of the Central Board of Direct Taxes (CBDT). While there is no minimum age requirement to apply for a PAN Card, you do need to present multiple documents to initiate the process. The IT Department requires you to present a valid proof of ide...
-
Man Who Bid 1.17 Crores For HR88B8888 Number Plate Now Faces Assets Inquiry
Haryana Transport Minister Anil Vij has ordered investigation into the assets and income of Sudhir Kumar, Director of transportation service Romulus Solutions Private Limited, man who bid Rs 1.17 crore for 'HR88B8888' number plate.
-
Income Tax Department Said to Target Over 400 Wealthy Binance Traders in Major Tax Evasion Crackdown
The tax authorities have launched an extensive investigation into over 400 wealthy Binance users for possible tax evasion between 2022 and 2025. Officials are examining peer-to-peer trades and payments via banks, Google Pay, and cash. Binance’s re-entry in 2024, following a $2.25 million (Rs. 20 crore) fine and registration with the FIU, has give...
