Bihar news: The Station House Officer said the complainant has received the notice against a PAN number issued in his name.
People 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.
The 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.
Cash of Rs 1.8 crore has been seized during the course of the search and 11 Lockers have been placed under prohibitory order.
The 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.
The income tax department on Tuesday extended the deadline for various compliances, including the filing of statements related to equalisation levy and remittances.
Police 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.
Finance 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.
The notice from the Jeypore I-T office in Koraput district said Gond had deposited Rs 1,47,82,057 in his bank account during 2013-14 financial year for which he has to pay Rs 2,59,540 lakh as tax.
On the last date of filing ITR, the Income Tax Department made history with a quantum jump in the e-filing of Income–Tax Returns (ITRs). On August 31, the deadline set by the I-T department to file ITR received an all-time high record of 49,29,121 ITRs filed in a single day.
West Bengal Chief Minister Mamata Banerjee hit out at the Income Tax authorities for declining that they had served IT notices to Durga Puja committees in Kolkata.
Form 16 revised: The Income Tax department has notified changes in Form 16 that requires more details from employers about deductions under tax saving schemes. Aim is to felicitate stricter scrutiny of claims made by assessees to check tax avoidance or evasion.
The Income Tax Office today denied reports that evidence related to Nirav Modi and Mehul Choksi case were destroyed in the recent fire at the department's office in Mumbai's Scindia House.
The Income Tax department on Wednesday announced that a dress code is being imposed upon its employees through the rollout of ‘Operation Dress Code’.
With today's seizure, the total value of gems and gold jewellery seized by the ED stands at Rs 5,736 crore.
The Income Tax Department has provisionally attached actor Shah Rukh Khan’s bungalow in Alibaug, terming it a benami property.
I-T sleuths had conducted searches in the office block and a room occupied by Sasikala, currently serving a prison term in a corruption case, at the Poes Garden residence.
The CBDT has been running a pilot project in a few major cities and has been testing the feasibility of implementing this new regime of tax assessment for the last few years.
In a big embarrassment to AAP, the I-T Department on Monday imposed a whopping fine of Rs 30 crore on charges of hiding unaccounted funds received by the party.
Over Rs 45,622 crore of undisclosed income has been unearthed by I-T department searches on nearly 2,534 groups of persons in the last three financial years and the current one (up to January 2017). “During