Income Tax

I-T detects Rs 19,000 cr black money in ICIJ, HSBC cases

Jaitley said that information on 628 Indian persons holding bank accounts in HSBC bank in Switzerland was received from the government of France.

Taxmen can’t visit shopkeeper's premises without authorisation: Govt

The chief commissioner of GST (Delhi zone) has clarified that the tax department only wants to facilitate the process for shopkeepers and traders during the transition to the Goods and Services Tax (GST) regime.

Income Tax notifies form for Aadhaar-PAN linking

Taxpayers can link their Aadhaar-PAN using a mobile-based SMS service, by logging on to the website of PAN service providers, by personally visiting a PAN service centre or over the e-filing website of the tax department.

ED files money laundering cases against shell cos for donating Rs 2 cr to AAP

The AAP is accused of receiving four cheques amounting Rs 50 lakh from each of these companies. These cheques came under the ED scanner after it found in its preliminary inquiry that the addresses used to register the companies were bogus.

Lalu’s daughter Misa Bharti appears before I-T for probe into alleged benami property deals

The department had carried out country-wide searches in this case last month. Benami properties are those in which the real beneficiary is not the one in whose name the property has been purchased.

Trouble mounts for Lalu, I-T slaps charges against family under Benami Act

The Benami Transactions Act, 1988, came into force on November 1 last year.

I-T attaches benami properties of Misa Bharti, Tejashwi Yadav

According to news agency ANI, Bharti was issued two summons to appear before Delhi investigation wing of I-T department but failed to appear. The I-T seized properties raided in May.

How 15,080 profitable Indian companies paid no tax in 2015-16

Lalu’s daughter Misa Bharti skips I-T summons second time

Her husband Shailesh Kumar is scheduled to depose tomorrow. He too had given a miss to the questioning on June 7.

CBDT mulling new system of jurisdiction-free I-T assessment to curb corruption

CBDT has constituted a special team of officers to prepare rules for new system of jurisdiction-free I-T assessment.

In fight against black money, I-T seeks tip-offs on cash dealings of Rs 2 lakh or more

Issuing a public advertisement in leading dailies today, the tax department said that anyone found violating the norms will have to cough up an equal amount as penalty.

Aadhar and PAN can now be linked through SMS: Income Tax department

In a move aimed at easing the process of linking the Aadhaar number with PAN for taxpayers, the Income Tax (IT) department today said it has introduced an SMS-based facility that can be used to link the two.

More than 400 benami transactions identified, properties worth Rs 600 cr attached: I-T

A statement issued by the Central Board of Direct Taxes (CBDT) said that the I-T department has provisionally attached properties in over 240 cases under the Prohibition of Benami Property Transactions Rules, 2016.

I-T summons Lalu’s daughter Misa, her husband in Rs 8,000-cr money laundering case

The Income Tax department today summoned former Bihar Chief Minister Lalu Prasad Yadav's daughter Misa Bharti and her husband Shailesh Kumar in a money laundering case

91 lakh people added to tax net post demonetisation, says Arun Jaitley

The Income Tax department has identified at least one lakh “high-risk individuals” with more than Rs 1.72 lakh crore deposits in their bank accounts

Opposition cries foul as CBI, IT raid properties of Chidambaram, Lalu

Law enforcement agencies on Tuesday raided the residences and properties of two top opposition leaders P Chidambaram of the Congress and Lalu Prasad of the RJD.