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.
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.
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.
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
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
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.
The Reserve Bank of India (RBI) on Monday issued an advisory asking taxpayers to pay their dues well on time to avoid last-minute rush.
The department has issued the show cause notice to the party's supremo - Delhi Chief Minister Arvind Kejriwal- and three others and has sought the party's reply in this regard by first half of this month.
CBI sources said that commissioner BB Rajendra Prasad and one other person has been arrested from Vishakhapatnam while four others have been taken into custody from Mumbai.
The disclosure was made during a review meeting of the Revenue Department, chaired by Prime Minister Narendra Modi, here on Tuesday.
In their attempts to go unrecognised in order to conduct the raids, the taxmen posed as a marriage party, replete with a convoy of decorated Innova cars and wedding stickers to go with it.
Debroy also suggested that exemptions on personal income tax should be removed to increase tax base from the current about 37 million (3.7 crore) in the country of 1.3 billion (130 crore) of people.
Tyagi was appointed as the OSD by the BSP supremo Mayawati when she was in power between 2007 and 2012.
Over Rs 540 crore black money has been detected by the department in the last 15 days as part of its nation-wide operations to check tax evasion
The Income Tax department on Friday summoned Tamil Nadu Health Minister C Vijayabaskar and educationist Geethalakshmi for questioning in connection with the raids carried out earlier this month.
The Income Tax Department on Tuesday said that accounts opened between July 2014 and August 2015 will have to submit know your customer (KYC) details and their Aadhaar number to banks and financial institutions by April 30.
The Income Tax department raids continued on Friday with tax sleuths targeting shell company operations on charges of alleged black money generation worth over Rs 100 crore across India.
News agency ANI reported that the simultaneous raids are going across 25 locations including Pudukkottai and Trichy along with his house at Greenways road.
Top News
Latest News
