Articles about Income Tax Department of India

ED seizes Rs. 5,551cr from Xiaomi's bank accounts: Details here

30 Apr 2022

India
ED seizes Rs. 5,551cr from Xiaomi's bank accounts: Details here

The Enforcement Directorate (ED) has seized Rs 5,551.27 crore from Xiaomi India in a massive crackdown under the 1999 Foreign Exchange Management Act (FEMA) provisions.

Income Tax raid on Maharashtra minister Aaditya Thackeray's close aides

08 Mar 2022

Politics
Income Tax raid on Maharashtra minister Aaditya Thackeray's close aides

The residence and offices of close aides of Maharashtra ministers Aaditya Thackeray and Anil Parab faced raids by the Income Tax Department.

Income Tax Returns deadline extended to March 15

11 Jan 2022

Business
Income Tax Returns deadline extended to March 15

The central government on Tuesday extended the due date for filing Income Tax Returns for Assessment Year 2021-22 to March 15, 2022.

IT Department raids SP MLC Pushpraj Jain over tax evasion

31 Dec 2021

Politics
IT Department raids SP MLC Pushpraj Jain over tax evasion

The Income Tax Department conducted raids at the premises of Samajwadi Party (SP) legislator Pushpraj Jain in Uttar Pradesh's Kannauj on Friday.

Pandora Papers probe begins; I-T notices sent to Indians, NRIs

16 Nov 2021

India
Pandora Papers probe begins; I-T notices sent to Indians, NRIs

The Centre's investigation into the Pandora Papers revelations is gathering pace with the Income Tax Department sending notices to most Indians named in the exposé.

Ajit Pawar's properties worth Rs. 1000cr seized by I-T Department

02 Nov 2021

India
Ajit Pawar's properties worth Rs. 1000cr seized by I-T Department

The Income Tax Department has provisionally attached properties worth over Rs. 1,000 crore linked to Maharashtra Deputy Chief Minister Ajit Pawar and his family members.

I-T department raids Gujarat diamond group, claims multi-crore tax evasion

25 Sep 2021

India
I-T department raids Gujarat diamond group, claims multi-crore tax evasion

The CBDT on Saturday said the Income Tax Department has detected tax evasion worth crores of rupees in raids on Gujarat's leading diamond manufacturer and exporter.

'Wasn't allowed access to lawyer': Newslaundry co-founder on I-T survey

11 Sep 2021

India
'Wasn't allowed access to lawyer': Newslaundry co-founder on I-T survey

Abhinandan Sekhri, the co-founder of online media portal Newslaundry, said Income Tax Department officers spent more than 12 hours at his company's office.

Income Tax Department conducts 'surveys' at offices of NewsClick, Newslaundry

10 Sep 2021

India
Income Tax Department conducts 'surveys' at offices of NewsClick, Newslaundry

Income Tax Department officials today visited the offices of online news portals NewsClick and Newslaundry in Delhi.

Government summons Infosys CEO over glitches in I-T e-filing portal

22 Aug 2021

India
Government summons Infosys CEO over glitches in I-T e-filing portal

The Finance Ministry has summoned Infosys MD and CEO, Salil Parekh, over the failure of the company to address issues pertaining to the glitches in the new Income Tax e-filing portal.

I-T raids on Dainik Bhaskar group; 'attempt to stifle democracy'

22 Jul 2021

India
I-T raids on Dainik Bhaskar group; 'attempt to stifle democracy'

The Income Tax (I-T) department is conducting raids at the offices of one of India's largest media houses, Dainik Bhaskar, along with Uttar Pradesh-based news channel Bharat Samachar.

IT department surveys Bengaluru company; detects Rs. 880cr hidden income

14 Jul 2021

Bengaluru
IT department surveys Bengaluru company; detects Rs. 880cr hidden income

The Income Tax Department has detected "concealment" of Rs. 880 crore income after it surveyed the Bengaluru premises of a leading manpower service providing company, the Central Board of Direct Taxes (CBDT) said on Tuesday.

Government has created mess: Shashi Tharoor on new I-T portal

06 Jul 2021

Politics
Government has created mess: Shashi Tharoor on new I-T portal

Attacking the central government over the glitches in the new Income Tax portal, senior Congress leader Shashi Tharoor alleged that even after spending Rs. 4,200 crore on the new I-T portal, the government had "failed" to make it user-friendly and created a "mess" instead.

TDS rules change from this month. Check details here

03 Jul 2021

Business
TDS rules change from this month. Check details here

In the Union Budget 2021, the Finance Ministry has introduced a fresh rule to deduct Tax Deducted at Source (TDS) at a higher rate for those who failed to file their income tax returns for the past couple of years.

'Ridiculous,' says AAP as MLA Atishi gets income tax notice

30 Jun 2021

Politics
'Ridiculous,' says AAP as MLA Atishi gets income tax notice

The Income Tax Department has sent a notice to Aam Aadmi Party (AAP) MLA Atishi, she and the party said on Wednesday, slamming the Bharatiya Janata Party (BJP) over the matter.

How to apply for PAN instantly on new Income-Tax portal

16 Jun 2021

Business
How to apply for PAN instantly on new Income-Tax portal

Permanent Account Number (PAN) is an important alphanumeric identity issued by the Income Tax Department to all the taxpayers in India.

Everything you should know about I-T Department's new e-filing portal

08 Jun 2021

Technology
Everything you should know about I-T Department's new e-filing portal

The Indian government's Income Tax (I-T) department has started using its new taxpayer-friendly portal. The new website (www.incometax.gov.in) replaces the old one (www.incometaxindiaefiling.gov.in).

Income Tax department searches premises of MK Stalin's son-in-law Sabareesan

02 Apr 2021

India
Income Tax department searches premises of MK Stalin's son-in-law Sabareesan

The Income Tax department on Friday led raids at at least four premises of Sabareesan, the son-in-law of Dravida Munnetra Kazhagam (DMK) President MK Stalin.

Deadline for linking Aadhaar and PAN extended till June 30

31 Mar 2021

Business
Deadline for linking Aadhaar and PAN extended till June 30

The deadline to link PAN (Permanent Account Number) and Aadhaar has been extended till June 30, 2021.

TN: IT department seizes over Rs. 16 crore dubious cash

19 Mar 2021

India
TN: IT department seizes over Rs. 16 crore dubious cash

The Income Tax Department has seized "unaccounted" cash of over Rs. 16 crore and detected black income of about Rs. 80 crore after it raided multiple entities in poll-bound Tamil Nadu, the Central Board of Direct Taxes (CBDT) said on Friday.

Anurag Kashyap posts message for "haters" after Income Tax raids

06 Mar 2021

Entertainment
Anurag Kashyap posts message for "haters" after Income Tax raids

After Taapsee Pannu, filmmaker Anurag Kashyap has also broken his silence following the Income Tax Department's raids at their properties earlier this week.

'Not so sasti anymore': Taapsee Pannu on Income Tax raids

06 Mar 2021

India
'Not so sasti anymore': Taapsee Pannu on Income Tax raids

Film actor Taapsee Pannu, who recently faced Income Tax raids, has opened up about the three days of search that took place at her properties this week.

I-T Department claims to have proof against Kashyap, Pannu

05 Mar 2021

Entertainment
I-T Department claims to have proof against Kashyap, Pannu

The Income Tax Department has unearthed irregularities amounting to Rs. 650 crore after it conducted raids at two film production companies, two talent management companies, and properties of a leading actress.

Income Tax raids at homes of Vikramaditya Motwane, Vijay Subramaniam

04 Mar 2021

Entertainment
Income Tax raids at homes of Vikramaditya Motwane, Vijay Subramaniam

Income Tax officials on Thursday conducted searches at the residences of Vikramaditya Motwane and Vijay Subramaniam of the Kwan Talent Management Agency.

Rs. 1,400 crore unaccounted transactions of three Jaipur firms unearthed

22 Jan 2021

India
Rs. 1,400 crore unaccounted transactions of three Jaipur firms unearthed

Unaccounted and unrecorded transactions involving a total amount of over Rs. 1,400 crore have been unearthed in a search operation conducted against three Jaipur-based firms, an Income Tax Department's spokesperson informed.

Tax officials record Robert Vadra's statement in benami properties case

04 Jan 2021

India
Tax officials record Robert Vadra's statement in benami properties case

Officials of the Income Tax department on Monday recorded businessman Robert Vadra's statement at his Delhi office in connection with the benami properties case.

ITR-filing deadline extended to January 10 for individuals: Details here

30 Dec 2020

Business
ITR-filing deadline extended to January 10 for individuals: Details here

The Centre on Wednesday once again extended the deadline for individuals to file Income Tax Returns (ITRs) for FY2019-20, providing huge relief to taxpayers.

I-T Department detects black income of Rs. 100 crore

27 Dec 2020

India
I-T Department detects black income of Rs. 100 crore

An unaccounted income of Rs. 100 crore has been detected after the Income Tax Department raided three "leading" contractors of Northeast India based in Assam earlier this week, the Central Board of Direct Taxes (CBDT) said on Saturday.

Alleging witch-hunt by GoI, Amnesty halts India operations

29 Sep 2020

India
Alleging witch-hunt by GoI, Amnesty halts India operations

Amnesty International has decided to stop its India operations, as it has been subjected to a witch-hunt by the government of India, the NGO working for human rights said in a press statement on Tuesday.

#CareerBytes: How to become an Income Tax Inspector in India?

08 Jun 2020

Career
#CareerBytes: How to become an Income Tax Inspector in India?

Government jobs are a dream for many and are the most preferred career option for a lot of youngsters in the country.

#FinancialBytes: Financial deadlines to watch out for in March 2020

15 Mar 2020

Business
#FinancialBytes: Financial deadlines to watch out for in March 2020

One must stay on top of crucial financial deadlines in order to have an organized financial life and avoid penalties.

#CareerBytes: How to become an Income Tax Inspector in India?

23 Dec 2019

Career
#CareerBytes: How to become an Income Tax Inspector in India?

Government jobs are a dream for many and are the most preferred career option for a lot of youngsters in the country.

#FinancialBytes: What is advance tax and who should file it?

08 Dec 2019

Business
#FinancialBytes: What is advance tax and who should file it?

Income tax accounts for a significant part of the government's revenue, and it is the responsibility of taxpayers to pay the required tax on the income they earned during a year on time.

You'll be fined Rs. 10,000, if you give wrong PAN

10 Nov 2019

Business
You'll be fined Rs. 10,000, if you give wrong PAN

You need to be extra careful while filling your Permanent Account Number (PAN), as even a minor error in spelling out the ten-digit alphanumeric identity could cost you as much as Rs. 10,000.

Don't have PAN? You can use these two documents, instead

30 Oct 2019

Business
Don't have PAN? You can use these two documents, instead

Permanent Account Number (PAN) is a unique, ten-digit alphanumeric identity issued by the Income Tax Department to all taxpayers in India.

Benefits and procedure of linking PAN and Aadhaar

28 Oct 2019

Business
Benefits and procedure of linking PAN and Aadhaar

December 31, 2019 is the last date to link your PAN with Aadhaar. Earlier, this deadline was September 30.

Here's how NRIs can apply for PAN in India

24 Oct 2019

Business
Here's how NRIs can apply for PAN in India

Permanent Account Number (PAN) is a unique, ten-digit alphanumeric identity issued by the Income Tax Department to all tax-paying individuals and organizations in India.

Here's how to link PAN and Aadhaar via different modes

09 Oct 2019

Business
Here's how to link PAN and Aadhaar via different modes

December 31, 2019 is the last date to link your PAN with Aadhaar. Earlier, this deadline was September 30.

Deadline to link PAN with Aadhaar extended to December 31

28 Sep 2019

Business
Deadline to link PAN with Aadhaar extended to December 31

The deadline to link Permanent Account Number (PAN) with Aadhaar has been extended by three months to December 31, 2019 according to an official notification released by the Ministry of Finance today. Earlier, this deadline was September 30.

Mukesh, Nita and Ambani kids get Income Tax notices: Report

14 Sep 2019

Business
Mukesh, Nita and Ambani kids get Income Tax notices: Report

Reliance Industries head honcho Mukesh Ambani, his wife Nita, and their three children- Akash, Anant, and Isha, have received notices from the Mumbai leg of Income Tax Department, Indian Express reported on Saturday.

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