It Department
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PAN 2.0 explained: Govt clarifies validity of existing cards and costs for upgrades
Personal Finance | Dec 26, 2024, 01:22 PM ISTThe Government of India launched the PAN 2.0 project with dynamic QR codes and enhanced services. Existing PAN cards remain valid—Know more about the features and FAQs here.
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Truecaller reacts to Income-Tax Department's survey at offices in Mumbai, Gurugram | READ statement
India | Nov 07, 2024, 09:45 PM ISTThe Income Tax Department surveyed the Truecaller's offices in Mumbai and Gurugram for allegedly violating transfer pricing regulations, also called as tax evasion.
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Record 7.28 crore Income Tax Returns filed by July 31, marking 7.5 per cent increase: Tax Department
Income Tax | Aug 02, 2024, 06:03 PM ISTThe Income Tax Department set a new record with 7.28 crore ITR filings for the fiscal year 2024-25, marking a 7.5% increase from last year. A notable 72% of taxpayers opted for the new tax regime.
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ITR filing 2024: Over 7 crore income tax returns filed till 7 PM on deadline day, says IT department
Income Tax | Jul 31, 2024, 09:56 PM ISTThe I-T department's helpdesk has been operational 24x7, offering support through calls, live chats, WebEx sessions, and social media to assist taxpayers with ITR filing and related services.
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Income Tax dept warns ITR filers of stern action in case of bogus TDS claim | Check last date
Income Tax | Jul 28, 2024, 07:42 PM ISTIn its latest public communication, the Income Tax Department has asked the taxpayers to make "correct and accurate" claims while filing the ITR.
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ITR filing: 'Over 5 crore returns filed so far this fiscal year', says Income Tax Department
Income Tax | Jul 27, 2024, 08:42 PM ISTThe last date to file the Income Tax Returns for the assessment year 2024-25 and financial year 2023-24 is July 31. Once filed the ITRs will be processed and verified by the department.
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IT department issues Rs 49 crore notice to tea seller in Gujarat's Patan, know what happens next!
Gujarat | May 21, 2024, 11:54 PM ISTDave gave his Aadhar and PAN card to two brothers Alpesh and Vipul Patel, along with some of his photos in 2014. He alleges that they opened a bank account in his name and carried out financial transactions.
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Finance Ministry clarifies: No changes in new tax regime, issues 6-point note
Business | Apr 01, 2024, 11:07 AM ISTIn a statement, the ministry addressed confusion over the new tax regime, emphasising its lower rates but fewer exemptions and deductions. Finance Minister Nirmala Sitharaman's interim budget assured the preservation of existing tax rates.
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Income tax department cracks down on PAN fraud for false HRA claims
Income Tax | Apr 01, 2024, 09:23 AM ISTThe income tax department has uncovered a scam involving the fraudulent use of PANs to claim house rent allowance (HRA) without actual tenancy, with around 8,000–10,000 high-value cases identified.
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Odisha money haul: Congress MP Dheeraj Sahu's house to be dug in to recover hidden cash
India | Dec 13, 2023, 01:04 PM ISTWith the "highest-ever" cash seizure of Rs 351 crore by income tax sleuths during raids against a distillery company owned by a Congress MP's family, the role of hawala operators and shell companies that were allegedly used to channel the "illicit" funds has come under the scanner.
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ITR filing last date today: What to do if you miss the July 31 deadline?
Business | Jul 31, 2023, 01:21 PM ISTThe Income Tax Department on Sunday announced that over 6 crore tax returns have been filed for the previous year (2022-23) as of July 30, 2023.
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Income Tax Return: 10 ITR filing mistakes to avoid, check all details here
Income Tax | Jul 18, 2023, 01:08 PM ISTITR filing: July 31 is the due date to document personal government forms for the assessment year 2023–24 (relating to FY23), so the perfect opportunity to begin the process is when you get your Form 16.
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Bihar daily wager gets IT notice of Rs 37.5 lakh
India | Aug 21, 2022, 04:03 PM ISTBihar news: The Station House Officer said the complainant has received the notice against a PAN number issued in his name.
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UP elections 2022: I-T dept says all arrangements made to check black money use in polls
Elections | Jan 13, 2022, 03:12 PM ISTPeople are encouraged to call this number to furnish specific information relating to cash or other valuables suspected to be used for unduly influencing the election process, Director General of Income Tax (Investigation), Uttar Pradesh and Uttarakhand, Mohan Kumar Singhania said on Thursday.
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Centre issues refunds of Rs 1,12,489 crore to more than 91.30 lakh taxpayers from April to Nov 2021
Income Tax | Nov 03, 2021, 04:34 PM ISTThe Income Tax department also said that refunds of Rs 33,548 crore have been issued in 89,53,923 cases and corporate tax refunds of Rs 78,942 crore have been issued in 1,75,692 cases.
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Sonu Sood, associates evaded Rs 20 cr tax, violated FCRA: IT Dept
India | Sep 18, 2021, 01:26 PM ISTCash of Rs 1.8 crore has been seized during the course of the search and 11 Lockers have been placed under prohibitory order.
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IT department detects Rs 300 crore black money after raids on Rajkot-based realty group
India | Aug 27, 2021, 11:10 PM ISTThe Income Tax department has, on Friday detected alleged black money of over Rs 300 crore after conducting raids at multiple premises. Twenty-five lockers found during the searches have been put under restraint.
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I-T Department extends deadline for various tax compliances
Business | Aug 03, 2021, 10:46 PM ISTThe income tax department on Tuesday extended the deadline for various compliances, including the filing of statements related to equalisation levy and remittances.
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Andhra Police recovers Rs 1.10 cr cash from two passengers in bus in Krishna
News | Feb 01, 2021, 06:56 AM ISTPolice recovered Rs 1.10 crores cash from two passengers in a bus in Krishna district. Police said, "During inquiry, passengers said that they've sold 16 acres of land in Ongole". The case is handed over the case to the IT department for further investigation.
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IT dept responsive to the needs of taxpayers during pandemic, says Sitharaman
Business | Jul 25, 2020, 07:53 AM ISTFinance Minister Nirmala Sitharaman has reserved words of praise for the Income Tax department, complementing officers for being responsive to the needs of the taxpayers during the pandemic times by relaxing various compliance requirements and addressing the liquidity concerns of the taxpayers.