New Delhi: The Income Tax department will carry out closer scrutiny of those tax statements wherein an assessee has disclosed that he or she holds bank accounts or any other assets abroad before the current
New Delhi: Income Tax Department has slapped a Rs 20,495 crore tax demand on Cairn India Ltd for allegedly failing to pay taxes on gains made by its former parent in a share transfer transaction
Income tax refunds to the tune of over Rs 1.19 lakh crore is pending for the last three fiscals, starting 2012-13, Parliament was informed."Income-tax refunds amounting to Rs 1,19,964.13 crore relating to last three assessment
New Delhi: The Income Tax Department has shifted its focus from revenue augmentation to prosecution of willful tax evaders.Central Board of Direct Taxes (CBDT) on Thursday confirmed that the I-T Department has started focusing on
New Delhi: The Income Tax Department has served a notice on Aam Aadmi Party seeking an explanation on charges of receiving funds from dubious sources as alleged by a splinter group -- a charge that
Ahmedabad: During a cleanliness drive under Prime Minister's Swachh Bharat Abhiyaan, a school in Chandkedheda discovered Rs 1 crore cash and 21 gold bars worth Rs 59 lakh stashed away in a locker.The Kendriya Vidyalaya
New Delhi: Central revenue department officials have raised vigil to check any flow of black money from air and land transit points ahead of the upcoming Assembly elections in New Delhi.Officials of the Directorate of
New Delhi: A top financial executive of the Aditya Birla Management Corporation Pvt Ltd (ABMCPL) has told the Income Tax department that officials of the company regularly routed large amounts of cash through ‘angadias' (courier)
New Delhi: The Income Tax department, which has kept the controversial meat exporter Moin Qureshi under its scanner, is likely to submit a report to the Government about the purported conversations between him and former
New Delhi: The Centre today told the Supreme Court that Swiss government has indicated its willingness to provide information on "stolen data" containing names of Indians who had allegedly stashed black money in banks there.The
Shimla: The Himachal High Court yesterday quashed a circular of Income Tax department regarding deduction of income tax on the award and interest accrued on them by court in Motor Accident Claims cases.Passing the orders
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
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
Patna: The Income Tax Department has issued notice to Bodh Gaya's Mahabodhi temple, Buddhism's holiest shrine, for not filing annual return of its income of over Rs.100 crore through donations, an official said Saturday.Deputy Commissioner
New Delhi: Government today said it was making all efforts to procure the list of illegal bank account holders in Switzerland and was collecting evidence in this regard.Finance Minister Arun Jaitley also said in Lok
New Delhi: The Income Tax Department has detected undisclosed income worth Rs.1 lakh crore in the financial year 2013-14, which is more than double the figure seized by the tax sleuths during raids to unearth
New Delhi: Income Tax department has begun a “discreet” probe into alleged tax violations by the elite American Embassy school here even as the External Affairs Ministry awaits a response from their officials on the
Bangalore: Asserting its primary claim, the Income Tax Department has maintained that dues to it will have to be settled first by Vijay Mallya-led Kingfisher Airlines Limited, in the wake of a lender consortium of
Chennai: The Madras High Court yesterday quashed an Income Tax department's order which asked Tamil Nadu government-run liquor shops to pay a little over Rs 1,236 crore as income tax in 20 equal instalments at
New Delhi, Jan 22 : The Purti group today said that some of the companies about which the Income Tax department carried out on-field inquiries in Mumbai today are not part of its family but
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