• 

  From builders to tiffin services and dental implants, I-T casts its net on illegal currency exchange

  India | December 05, 2016 12:04 IST

  Few days after the government stopped the exchange of scrapped 500 and 1000-rupee notes, the Income Tax department raided a caterer in Mumbai and recovered over Rs 80 lakh in new notes and over Rs 40 lakh in withdrawn notes.

• 

  A Rs 100 cr bungalow, Rs 125 cr in undeclared income: When Delhi lawyer left I-T officials stunned

  India | October 20, 2016 12:10 IST

  In a startling revelation made as part of the government’s stringent Income Declaration Scheme, a lawyer practising in the Delhi High Court and Supreme Court has declared unaccounted income of over Rs 125 crore.

• 

  Do not share personal data over phone, email: I-T dept

  India | November 03, 2015 14:34 IST

  New Delhi:  The Income Tax department today issued an advisory asking taxpayers not to share their personal financial details over email or phone and urged them to register a complaint in case they face such

• 

  I-T orders better monitoring of email-based complaints by taxpayers

  October 28, 2015 13:35 IST

  New Delhi: In yet another directive aimed at enhancing taxpayer services, the Income Tax department has asked its customer care centres to effectively monitor email-based complaints of assesses and diligently send them to tax officers.The

• 

  60% of India's top 18 tax defaulters are from Gujarat

  India | March 31, 2015 15:41 IST

  New Delhi: The Income Tax department today took to the strategy of ‘naming and shaming' of some large tax defaulters as it published names of 18 entities who owe over Rs 500 crore tax to

• 

  J'khand polls : IT dept keeps watch on use of black money

  Politics | November 18, 2014 14:49 IST

  Patna: The Income Tax Department is keeping a close watch on the use of black money in Jharkhand Assemnbly polls to be held from November 25 to December 20 next, an official said today.“We have

• 

  IT dept to prosecute about 300 bank account holders abroad

  India | October 29, 2014 21:52 IST

  New Delhi: The Income Tax department is likely to initiate prosecution against close to 300 people whose names have been submitted to the Supreme Court today in connection with the probe into alleged blackmoney accounts

• 

  IT dept order asking TASMAC to pay little over Rs 1,236 cr tax quashed

  India | September 14, 2013 8:24 IST

  Chennai: The Madras High Court yesterday quashed an Income Tax department's order which asked Tamil Nadu government-run liquor shops to pay a little over Rs 1,236 crore as income tax in 20 equal instalments at

• 

  Nitin Gadkari's alleged shell companies subjected to on-field inquiries by IT dept

  Politics | January 22, 2013 19:16 IST

  Mumbai, Jan 22: Income Tax department today launched on-field inquiries at around nine locations in Mumbai belonging to alleged shell companies related to Nitin Gadkari's Purti group, a day before he seeks a second straight

• 

  Gadkari faces more heat as IT dept launches probe

  Politics | October 25, 2012 19:26 IST

  Mumbai/New Delhi, Oct 25: BJP president Nitin Gadkari faced more heat today over allegations of dubious funding into his companies with Income Tax department too launching a probe to trace the source of funds after

• 

  Prepare Niira Radia phone transcripts, Supreme Court directs I-T dept

  India | September 06, 2012 20:45 IST

  New Delhi, Sep 6: The Supreme Court Thursday directed the Income Tax (I-T) department to prepare the transcripts of the tapes of Niira Radia's telephone conversations that it had tapped in the wake of allegations

Advertisement
• 

  I-T dept not to reopen cases prior to April 1,2012 , says Pranab

  May 30, 2012 16:42 IST

  NEW DELHI,May 30 : Providing comfort to worried foreign investors, finance minister Pranab Mukherjee on Wednesday said the Income Tax Department will not reopen cases where assessment proceedings had been finalised before April 1, 2012.“I

• 

  I-T Dept Demands Over Rs 413 Cr Tax from BCCI

  Cricket | February 19, 2012 16:19 IST

  New Delhi, Feb 19: The income tax department has demanded over Rs 413 crore as tax from the world's richest cricket body, the BCCI as per its income assessment for the year 2009-10 of which

• 

  I-T Dept Allowed BCCI to Enrich Its Coffers, Says Parliamentary Panel

  Cricket | August 02, 2011 20:57 IST

  New Delhi, August 2: Accusing the Income Tax Department of being “very lenient” to the Board of Control for Cricket in India (BCCI), a Parliamentary panel on Tuesday said it allowed the cricketing body to

• 

  Ex-CJI's 3 Kins Found In Possession Of Black Money: I-T Dept

  India | February 26, 2011 20:22 IST

  Kochi, Feb 26: In further embarrassment to former Chief Justice of India justice K G Balakrishnan, Income Tax authorities today said they have unearthed black money in possession of three of his relatives during their

• 

  I-T Dept Begins Probing Companies Which Got 2G Licence

  India | November 14, 2010 17:17 IST

  New Delhi, Nov 14 (PTI) In a development that could spell more trouble for embattled Telecom Minister A Raja, the Income Tax department has begun probe into charges of alleged bribing and possession of disproportionate