• 

  Income Tax officials raid offices of Srinagar Deputy Mayor across 3 locations

  India | June 11, 2019 12:26 IST

  Informed sources said the team carried out the raids at the offices located in the Old City's Bohri Kadal area and Nowgam in the outskirts of the city. However, the reason for the raids remains unknown.

• 

  Income Tax Department extends deadline for employers to issue Form 16 to employees till July 10

  Business | June 04, 2019 21:34 IST

  The Income Tax department Tuesday extended the deadline for employers to issue Form 16 TDS certificate for financial year 2018-19 to its employees by 25 days till July 10.

• 

  CBDT extends due date for TDS deductors in cyclone-hit Odisha

  India | May 24, 2019 23:29 IST

  The Income Tax Department Friday extended the due date for depositing tax deducted at source (TDS) for the month of April 2019 from May 7 to May 20 for deductors in cyclone-hit Odisha.

• 

  SC to hear Centre's plea in black money case on Tuesday

  India | May 20, 2019 20:12 IST

  The Centre on Monday moved the Supreme Court challenging a Delhi High Court order, which has ruled that the black money law can't have a retrospective effect, that is, it cannot be applied prior to April 1, 2016, as fixed by Parliament.

• 

  Income Tax department revises format of TDS certificate issued by employers

  Business | April 16, 2019 19:29 IST

  Among other things, the revised Form 16 will also include details of deductions in respect of interest on deposits in savings account, and rebates and surcharge, wherever applicable.

• 

  Tax officials to scrutinise mismatch between income tax and service tax returns

  Business | April 08, 2019 18:32 IST

  Mismatches were also noticed for the financial year 2016-17, for which data is being shared with the field offices.

• 

  Direct tax collection falls short, CBDT raises alarm

  India | March 28, 2019 12:03 IST

  The officer, who is responsible to supervise I-T department's tax collection work across the country, underlined the areas that are sluggish vis-a-vis direct tax collections obtained from personal, corporate and advance tax categories.  

• 

  Non-filers will get 21 days to file income tax returns, submit response: CBDT

  Business | January 23, 2019 7:56 IST

  Data analysis has identified "several potential non-filers" who have carried out high value transactions in 2017-18 but have still not filed returns for AY 2018-19, CBDT said. 

• 

  Income Tax department makes changes to PAN application forms: 5 things you need to know

  Business | November 23, 2018 13:13 IST

  The notification has also made it mandatory for entities that have made financial transactions worth Rs 2.5 lakh or more in a financial year to apply for a PAN card.

• 

  Quoting of father’s name in PAN applications not mandatory: Income Tax Department

  Business | November 20, 2018 18:52 IST

  The notification has also made it mandatory for entities that have made financial transactions worth Rs 2.5 lakh or more in a financial year to apply for a PAN card.

• 

  Srijan scam: Income Tax Department raids house of Sushil Modi's cousin in Patna

  India | September 06, 2018 19:14 IST

  The sleuths were accompanied by police personnel during the raid at Rekha Modi's S P Verma Road house here this afternoon.  

Advertisement
• 

  ITR deadline: What happens if you don't file income tax return today

  Business | August 31, 2018 10:02 IST

  According to recent changes in penalty slab by CBDT, non-filing of ITR before the due date from this assessment year would lead to a penalty of Rs 1,000, 5,000 and Rs 10,000.

• 

  Tamil Nadu: Rs 163 crore, 100 kg gold seized in country's 'biggest' raid on road construction firm

  India | July 17, 2018 13:57 IST

  The seizure was probably the biggest so far in raid operations conducted anywhere in the country, officials said.

• 

  Over 50 wealthy individuals on I-T radar for buying Nirav Modi jewellery, tax returns to be reassessed

  Business | July 14, 2018 14:25 IST

  In reply to the tax notices, most of the people said that they did not make any cash payment, but this version does not corroborate with the data obtained by the IT Department vis-a-vis the sales made by the firms of Nirav Modi.

• 

  IT department files chargesheets against P Chidambaram, kin under Black Money Act

  India | May 11, 2018 17:31 IST

  The charge-sheets or prosecution complaints have been filed by the department before a special court in Chennai under Section 50 of the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015, officials said.

• 

  Soon, I-T department employees to follow dress code

  India | April 18, 2018 14:41 IST

  The Income Tax department on Wednesday announced that a dress code is being imposed upon its employees through the rollout of ‘Operation Dress Code’.   

• 

  Income-Tax department names and shames 24 defaulters owing Rs 490 crore in taxes

  India | March 29, 2018 18:54 IST

  The department issued an advertisement as part of its name and shame defaulters policy in leading national dailies titled ‘List of defaulters of Income Tax and Corporate Tax’.

• 

  Last date for filing ITR: Income Tax officials to work on March 29, 30 and 31

  Business | March 28, 2018 19:54 IST

  Running late for filing ITRs? Don't worry! Income Tax department has decided to remain open on public holidays and weekend to help people in the last minute ITR filings.

• 

  Rotomac bank fraud: I-T Dept attaches four properties in Kanpur, Ahmedabad

  Business | February 21, 2018 21:36 IST

  The department, earlier this week, had attached 14 bank accounts that were in various bank branches in Uttar Pradesh.

• 

  PNB fraud: I-T Dept attaches Nirav Modi's 141 bank accounts and FDs worth Rs 145 crore

  Business | February 21, 2018 21:11 IST

  The crackdown by I-T Department comes a day after the Enforcement Directorate (ED) launched an investigation 79 shell companies owned by the Gitanjali Group chief Mehul Choksi and 41 owned by Modi in India.