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  IT department sends notice to AAP over 'discrepancies in donors' list'

  Politics | December 27, 2016 6:41 IST

  The Income Tax department has issued a notice to Aam Aadmi Party, citing discrepancies in the donors' list submitted to tax officials and what had been put up on the party website. Terming the notice

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  Financier Bhajiawala used 700 people for cash transactions after note ban: Report

  India | December 26, 2016 8:26 IST

  Days after Rs 10.45 crore in unaccounted income was seized from Surat-based financier Kishor Bhajiawala, the CBI in its investigations found that he used dummy bank accounts to launder black money.

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  I-T raids post note ban: Rs 3300 cr in unaccounted income, Rs 92 cr in new notes seized

  January 09, 2017 6:30 IST

  Over Rs 3,300 crore of undisclosed income has been detected while Rs 92 crore worth new notes have been seized till now by the Income Tax department as part of its country-wide operations against black money hoarders post the demonetisation drive.

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  Rs 1.08 cr in new notes, property worth Rs 250 cr: How Surat’s tea-seller-turned-financier landed in I-T net

  India | December 16, 2016 14:46 IST

  It could have passed off as another rags to riches story of a tea and bhajiya seller from Gujarat making it big had it not been for demonetisation that stepped up Income Tax surveillance and a crackdown on ill-gotten money.

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  I-T dept seizes Rs 5.7 crore in new notes from 'secret bathroom chamber' in Karnataka

  India | December 10, 2016 20:12 IST

  The Karnataka and the Goa arm Income Tax department today seized Rs 5.7 crore in new notes notes, 32 kgs of gold biscuits and jewellery and Rs 90 lakh worth old notes stashed inside the

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  Mumbai family that declared Rs 2 lakh cr under IDS may be a case of PAN card misuse

  December 07, 2016 15:40 IST

  Investigators believe that the declaration of Rs 2 lakh crore under the Income Disclosure Scheme by a Bandra family may be a result of their PAN details of family members being misused.

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  I-T dept seizes Rs 4 crore in new currency notes in Bengaluru, bankers also under scanner

  December 01, 2016 20:55 IST

  The Income Tax department on Thursday confiscated over Rs 4 crore in searches conducted against at least two individuals in Bengaluru.

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  Demonetisation: Under-staffed I-T department likely to target big fish violating deposit norms

  November 21, 2016 14:05 IST

  The Centre’s warning that people depositing over Rs. 2.5 lakh cash in their accounts would face penalty following the big bang announcement demonetising old Rs 500 and Rs 1,000 notes could fall short of the

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  I-T dept warns people depositing unaccounted cash, may face max 7 year jail

  November 20, 2016 17:59 IST

  The income tax department has decided to impose charges under the newly enforced Benami Transactions Act against people depositing their unaccounted old currency in someone else's bank account. The act carries a penalty, prosecution and

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  I-T department’s 'Project Insight' to track social media to nab high spenders: Report

  November 17, 2016 23:11 IST

  The I-T department is planning to include information available on social media under its Project Insight from 2017-18 onwards and spenders flaunting high-value gadgets on social networking platforms will come under government scanner.

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  IT department recovers ‘unaccounted wealth’ of Rs 130 cr from AAP MLA Kartar Singh Tanwar

  Politics | August 10, 2016 7:59 IST

  the Income Tax sleuths have reportedly recovered an unaccounted wealth of around Rs 130 crore after conducting raids at party legislator Kartar Singh Tanwar’s house in July.

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  Black money: Govt unearths Rs 13,000 crore hidden in foreign bank accounts

  June 27, 2016 11:25 IST

  This is the highest disclosure ever from offshore bank accounts and has raised a tax demand of Rs 5,377 crore against such account holders till March 31, 2016.

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  I-T department to tighten noose around tax defaulters; to block PAN, LPG subsidies

  June 21, 2016 14:05 IST

  New Delhi: In order to cripple and check the activities of wilful tax defaulters, the Income Tax department has decided to "block" Permanent Account Number (PAN) of such entities, get their LPG subsidy cancelled and

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  I-T department forced me to sign statement implicating Sony: Ricky Martin’s letter

  June 08, 2016 12:22 IST

  A letter written by the famous Latin singer Ricky Martin came as a big relief to Sony Music (India) Ltd which has been in a conflict with the Income Tax Department for the past 18 years.

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  Blackmoney: Taxman to compulsorily file court case if illegal foreign assets detected

  September 08, 2015 17:29 IST

  New Delhi: Taking a tough stance against black money, the CBDT has directed the Income Tax department to mandatorily launch court cases against people found to be holding stash funds and tainted assets abroad and

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  I-T dept to bring 1 crore new people under tax net this fiscal

  July 19, 2015 14:04 IST

  New Delhi: The Income Tax department has launched an ambitious drive to bring under its net one crore new taxpayers after the government recently asked the taxman to achieve the target within the current fiscal.

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  Maharashtra working on Aadhar-linked E-locker for documents

  India | November 17, 2014 10:58 IST

  Mumbai: In a new Aadhar-linked facility, Maharashtra government has developed an online repository for important documents like certificates, degrees, etc which are frequently required to apply for any job and other services.The "Maha Digital Locker"

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  I-T department launches secure email system for staff to curb frauds

  October 12, 2014 9:21 IST

  New Delhi: To curb misuse of official cyber tools and attempts of phishing, the Income Tax department has rolled out a secure email system for all its employees and officers.The department, official sources said, has

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  No inquiry pending against Gadkari: IT department

  May 12, 2014 12:57 IST

  Nagpur: The Income Tax department has said that there is no inquiry or investigation presently pending with it against former BJP President Nitin Gadkari.The Directorate of Income Tax (investigation), Nagpur gave this information in response

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  Illiterate Rakhi Sawant owes IT department Rs 72 lakh dues

  India | April 02, 2014 23:31 IST

  Mumbai: Actress Rakhi Sawant, who has jumped into poll fray while claiming to be an “illiterate” person with assets of Rs 15 crore, has outstanding loans worth about Rs 2.5 crore and an additional Rs