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  Daily wage worker gets Rs 2.59 lakh Income Tax notice

  India | February 04, 2020 18:30 IST

  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.

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  ITR filing: Record break collection for I-T Department, Over 49 lakh tax returns filed in single day

  Business | September 01, 2019 18:48 IST

  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.

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  Mamata slams IT department for declining serving notices to Durga Puja committees

  India | August 13, 2019 22:59 IST

  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.

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  Form 16 revised, employers required to give specific details now

  June 05, 2019 14:36 IST

  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.

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  'Nirav Modi, Mehul Choksi files intact', IT dept denies reports of evidence destruction in Scindia House fire

  Business | June 04, 2018 14:20 IST

  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.

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  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’.   

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  PNB-Nirav Modi scam: ED raids shell firms; I-T dept attaches Rs 145 crore assets

  Business | February 22, 2018 6:36 IST

  With today's seizure, the total value of gems and gold jewellery seized by the ED stands at Rs 5,736 crore.

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  I-T department attaches Shah Rukh Khan's Alibaug bungalow under Benami Act

  India | January 31, 2018 12:15 IST

  The Income Tax Department has provisionally attached actor Shah Rukh Khan’s bungalow in Alibaug, terming it a benami property.

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  Secret letter on gutka scam found from Sasikala's room: IT dept to Madras HC

  India | January 13, 2018 9:19 IST

  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.

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  Full income tax e-assessment from next year; CBDT forms committee

  Business | December 19, 2017 21:54 IST

  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.

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  I-T slaps Rs 30 crore fine on AAP; Arvind Kejriwal dubs it ‘height of political vendetta’

  India | November 27, 2017 21:07 IST

  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.

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  I-T department uncovers Rs 45,622 crore of undisclosed income

  March 24, 2017 16:51 IST

  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

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  Operation Clean Money: 5.27 lakh assessees respond to I-T query on cash deposits

  February 14, 2017 0:02 IST

  Out of 18 lakh people that were sent SMS/emails for making suspicious deposits post demonetisation, 5.27 lakh assessees have responded.

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  ‘Serious differences’ in accounts in co-operative banks post notes ban: I-T dept tells RBI

  January 19, 2017 22:52 IST

  The Income Tax Department has written to the RBI informing it about alleged illegal malpractices being deployed by a number of cooperative banks after its probe found "serious" difference in accounts, to the tune of

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  New notes may have been ‘home delivered’ from govt presses, suspects I-T

  January 11, 2017 12:38 IST

  Income tax and intelligence sleuths have launched an investigation suspecting that an organised racket may have “virtually home delivered” new banknotes from government presses or the central bank to people within days of demonetisation.

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  I-T suspects Rs 3-4 lakh crore evaded income deposited in banks post note ban

  January 10, 2017 14:50 IST

  The government’s analysis of bank deposits post-demonetisation so far show an estimated Rs 3-4 lakh crore of tax-evaded income deposited in old notes during the 50-day window provided to get rid of junked Rs 500/1000 notes.

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  Govt ropes in top accounting firms to corner black money hoarders: Report

  January 04, 2017 13:54 IST

  The government appears to be in no mood to tighten the noose around the black money hoarders across the nation following its big ticket move to demonetise high-value currency notes.

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  I-T lens on jewellers for sale of 4 tonnes of gold in two days after ‘note ban’

  January 02, 2017 14:28 IST

  A survey conducted by the Directorate General of Central Excise Intelligence (DGCEI) has found that over four tonnes of gold worth over Rs 1,250 crore was sold within 48 hours of the announcement of the ‘demonetisation’ drive.

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  Suspected deposits worth Rs 4 lakh crore under IT lens: Report

  December 30, 2016 9:04 IST

  the Income Tax Department, based on estimates that unaccounted money worth Rs 4 lakh crore may have flown into bank accounts post demonetisation, is gearing up to serve notices to those who cannot explain the source of the money. the Income Tax Dep

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  I-T turns heat on car purchases, dealers asked to furnish list of bookings post Nov 8

  India | December 27, 2016 13:03 IST

  the Income Tax Department on Tuesday issued notices to top car dealers across India asking them to provide details of all those who booked a vehicle after November 8