Income Tax Department
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I-T department attaches Shah Rukh Khan's Alibaug bungalow under Benami Act
India | Jan 31, 2018, 12:15 PM ISTThe Income Tax Department has provisionally attached actor Shah Rukh Khan’s bungalow in Alibaug, terming it a benami property.
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Do not donate over Rs 2,000 in cash to political parties: I-T dept
National | Jan 23, 2018, 02:17 PM ISTThe Income Tax Department today cautioned people against indulging in illegal cash transactions including donating more than Rs 2000 to political parties.
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Delhi: I-T Dept seizes cash, gold worth Rs 15 cr from private vault
News | Jan 05, 2018, 03:29 PM IST -
Moradabad doctor surrenders after Income Tax sleuths expose his illegal assets worth crores
News | Dec 22, 2017, 10:05 AM IST -
Black money: India-Swiss deal inked, data sharing from Jan 1
Business | Dec 21, 2017, 09:09 PM ISTIt will now be possible for India to receive from September, 2019 onwards, the financial information of accounts held by Indian residents in Switzerland for 2018 and subsequent years.
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Note Ban: 20,000 tax returns to undergo 'detailed scrutiny'
Business | Nov 06, 2017, 07:43 PM ISTThe Income Tax Department has picked 20,572 tax returns for "detailed scrutiny" suspecting discrepancies in incomes before and after demonetisation.
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Will new benami law be given retrospective effect: HC to I-T department
Business | Oct 11, 2017, 11:08 PM ISTThe Delhi High Court today asked the Income Tax department whether it intended to examine under the new benami law all accommodation entries made prior to 2016 when it came into effect.
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I-T raids on Cafe Coffee Day reveal Rs 650 cr undisclosed income
Business | Sep 25, 2017, 06:35 AM ISTThe Income Tax Department on Sunday concluded raids on premises linked to former Union minister S M Krishna’s son-in-law V G Siddhartha, who is also the owner of Cafe Coffee Day Enterprises
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Bengaluru: I-T raids on S M Krishna’s son-in-law Siddhartha, owner of Cafe Coffee Day chain
Sep 21, 2017, 12:14 PM ISTSiddhartha is the son-in-law of former Karnataka chief minister S M Krishna, who had joined Bharatiya Janata Party last year
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Crackdown on shell companies: Government to disqualify over 1.06 lakh directors
Sep 12, 2017, 07:57 PM ISTFurther tightening the noose around black money hoarders, the government has said that more than 1.06 lakh directors will be disqualified for their association with shell companies
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Deposits worth Rs 2.89L cr made after note ban under scanner: I-T
Aug 31, 2017, 07:21 PM ISTThe department added that 14,000 properties of over Rs 1 crore each are also under scrutiny as their owners have not filed income returns
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Undisclosed income of Rs 71,941 cr found in 3 years: Govt to SC
Jul 23, 2017, 08:50 PM ISTThe Centre has told the Supreme Court that massive searches, seizures and surveys by the IT department over the last 3 years have led to the detection of around Rs 71,941 crore of "undisclosed income."
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In major reshuffle, I-T department transfers 245 commissioners citing ‘performance’
Jul 17, 2017, 09:32 AM ISTThe CBDT has shifted out non-performers from significant charges, besides those officers holding a post for two years or more, and also those who are facing vigilance or other disciplinary charges
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I-T identifies 5.56 lakh new bank accounts with suspicious deposits during demonetisation
Jul 14, 2017, 05:43 PM ISTThe Income Tax Department has identified 5.56 lakh new persons whose tax profiles were found to be inconsistent with the cash deposits made by them during the demonetisation period
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I-T lens on foreign accounts of NRIs as govt tightens noose on money-laundering
Jul 14, 2017, 04:39 PM ISTTax authorities have added a fresh provision in the Income Tax Return forms that will require NRIs to furnish details of all offshore accounts
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Income tax department in action against arrested ARTO RS Yadav
News | Jun 13, 2017, 06:40 PM IST -
Benami land deal case: I-T slaps Rs 10,000 fine on Misa Bharti for failing to appear before it
National | Jun 06, 2017, 04:12 PM ISTThe Income Tax Department on Tuesday slapped a fine of Rs 10,000 on RJD chief Lalu Prasad Yadav's daughter Misa Bharti for failing to appear before it in connection with the Rs 1,000 crore alleged benami land deals and tax evasion case
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Is NOIDA a corporation under UP law? SC to examine
India | May 21, 2017, 09:31 AM ISTSupreme Court has agreed to examine a plea of the income tax department whether the NOIDA is a corporation established by the UP government under the state industrial development law or not.
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Panama papers probe: IT dept has sent 266 requests overseas, says CBDT
May 03, 2017, 10:51 PM ISTIncome Tax department has sent over 260 requests overseas seeking information in connection with its tax evasion probe in the Panama papers leak case.
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4 lakh cos likely to face deregistration for not filing I-T returns: Report
Apr 18, 2017, 08:29 AM ISTAmid the government’s crackdown on shell companies, around four lakh of the total 11 lakh active Indian companies are likely to face deregistration for failing to file their returns for three financial years.