Few days after the government stopped the exchange of scrapped 500 and 1000-rupee notes, the Income Tax department raided a caterer in Mumbai and recovered over Rs 80 lakh in new notes and over Rs 40 lakh in withdrawn notes.
In a startling revelation made as part of the government’s stringent Income Declaration Scheme, a lawyer practising in the Delhi High Court and Supreme Court has declared unaccounted income of over Rs 125 crore.
New Delhi: The Income Tax department today issued an advisory asking taxpayers not to share their personal financial details over email or phone and urged them to register a complaint in case they face such
New Delhi: In yet another directive aimed at enhancing taxpayer services, the Income Tax department has asked its customer care centres to effectively monitor email-based complaints of assesses and diligently send them to tax officers.The
New Delhi: The Income Tax department today took to the strategy of ‘naming and shaming' of some large tax defaulters as it published names of 18 entities who owe over Rs 500 crore tax to
Patna: The Income Tax Department is keeping a close watch on the use of black money in Jharkhand Assemnbly polls to be held from November 25 to December 20 next, an official said today.“We have
New Delhi: The Income Tax department is likely to initiate prosecution against close to 300 people whose names have been submitted to the Supreme Court today in connection with the probe into alleged blackmoney accounts
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
Mumbai, Jan 22: Income Tax department today launched on-field inquiries at around nine locations in Mumbai belonging to alleged shell companies related to Nitin Gadkari's Purti group, a day before he seeks a second straight
Mumbai/New Delhi, Oct 25: BJP president Nitin Gadkari faced more heat today over allegations of dubious funding into his companies with Income Tax department too launching a probe to trace the source of funds after
New Delhi, Sep 6: The Supreme Court Thursday directed the Income Tax (I-T) department to prepare the transcripts of the tapes of Niira Radia's telephone conversations that it had tapped in the wake of allegations
NEW DELHI,May 30 : Providing comfort to worried foreign investors, finance minister Pranab Mukherjee on Wednesday said the Income Tax Department will not reopen cases where assessment proceedings had been finalised before April 1, 2012.“I
New Delhi, Feb 19: The income tax department has demanded over Rs 413 crore as tax from the world's richest cricket body, the BCCI as per its income assessment for the year 2009-10 of which
New Delhi, August 2: Accusing the Income Tax Department of being “very lenient” to the Board of Control for Cricket in India (BCCI), a Parliamentary panel on Tuesday said it allowed the cricketing body to
Kochi, Feb 26: In further embarrassment to former Chief Justice of India justice K G Balakrishnan, Income Tax authorities today said they have unearthed black money in possession of three of his relatives during their
New Delhi, Nov 14 (PTI) In a development that could spell more trouble for embattled Telecom Minister A Raja, the Income Tax department has begun probe into charges of alleged bribing and possession of disproportionate
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