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