Income Tax Department of India: News
07 Aug 2017
PAN CardOver 11 lakh PANs deactivated: Is yours one of them?
The government has deleted or deactivated over 11 lakh duplicate Permanent Account Numbers (PANs)- cases where multiple PANs had been issued to one person.
01 Aug 2017
IndiaA tax guide for Indians staying abroad
In its battle against black money, the government has asked those staying overseas to furnish relevant details.
29 Jul 2017
Aadhaar CardFour reasons why tax returns filing deadline should be extended
The deadline to file income tax returns this year is July 31. For a change there is no late filing fine this time.
28 Jul 2017
Aadhaar CardAadhaar-PAN linking: Relief likely for taxpayers with genuine issues
In the wake of several complaints from taxpayers regarding problems with linking of Aadhaar and PAN, the government is considering providing relief for genuine cases.
28 Jul 2017
FacebookProject Insight: Your Facebook/Instagram post can soon detect tax frauds
Data analytics is one of the most lucrative career options in today's age. But most Indians probably weren't expecting the government's plans with it.
26 Jul 2017
BusinessThese mistakes in filing I-T returns will get you tax-notice
Filing taxes shouldn't tax your brain. But we do end up making some mistakes every now and then, which later create problems.
23 Jul 2017
Supreme Court Of IndiaUnaccounted income of Rs. 71,941 crore found: Govt. tells SC
The Income Tax (I-T) department over the past three years have detected sum of Rs. 71,941 crore of undisclosed income as reported by the government to Supreme Court.
22 Jul 2017
IndiaI-T tribunal indicts Roy, NDTV for money laundering Rs.642 crore
The Income Tax Appellate Tribunal (ITAT) indicted Prannoy Roy directly for the evasion and money laundering of Rs. 642cr.
20 Jul 2017
BengaluruKnow how to verify your income tax return
The last date for filing income tax returns is just 10 days away. Many people would have started on the process by now.
19 Jul 2017
IndiaFiling income tax returns: Don't forget these five interest payments
There are just over 10 days left to file your income tax returns. But you should be very careful while filing them. People often miss out on important details in hurry.
18 Jul 2017
IndiaConfused about which I-T return form to use? Know here
The window to file your income tax returns is ongoing, scheduled to end on July 31.
14 Jul 2017
India5.56 lakh people to be probed for cash-deposits during demonetization
In the second phase of Operation Clean Money, the Income Tax Department found that cash transactions of 5.56 lakh more taxpayers in the demonetization window didn't match with their income profiles.
12 Jul 2017
IndiaHow to: File I-T returns without Form 16!
With the last date for filing of income tax returns being July 31, employees must have received their Form 16 by now.
07 Jul 2017
IndiaFiling I-T returns: Dos and don'ts
Filing of income tax returns is ongoing. Taxpayers often resort to professionals to assist them with the process. But with some attention, one can do it on their own.
04 Jul 2017
PAN CardReceived Form 16? Know all about its nitty-gritty here!
The extended last date for employers to issue Form 16 for 2016-17 to employees was June 15. Salaried individuals should have received theirs by now; if not, you are likely to receive it soon.
24 Jun 2017
Indian StartupsBengaluru based start-up Practo being investigated for tax evasion
Bengaluru-based healthcare start-up Practo is reportedly being probed by the Income Tax department for tax evasion allegedly through a cross-border corporate restructuring.
20 Jun 2017
IndiaCairn Energy asked to cough up Rs.10,247 crore in taxes
The country's income tax authorities have ordered action against the British oil giant Cairn Energy to help recover a whopping Rs. 10,247 crore of retrospective tax.
31 May 2017
IndiaHigh Court: I-T dept. can seize unexplained money from bank-accounts
The Delhi High Court has ruled that the income-tax department has power to seize unexplained money lying in the bank-account of a person, even if he isn't under investigation.
25 May 2017
Madhya PradeshI-T Dept unearths 400 Benami deals, attaches properties
The Income Tax Department stated that it had unearthed 400 benami deals and has attached Rs. 600 crore worth of properties in regards to the deals.
24 May 2017
Ministry Of Home AffairsAAP's funding under scanner, EC writes to Home-Ministry to investigate
The Election Commission (EC) wrote to the Ministry of Home Affairs (MHA), soliciting a probe into the "irregularities in funding to Aam Aadmi Party (AAP)".
18 May 2017
IndiaGovernment gives 30-days to erring NGOs to file I-T returns
The government has given all erring NGOs 30 days time to file their annual returns for the last five years so that they can resume operations.
16 May 2017
Arun JaitleyArun Jaitley launches online clean money portal
In the latest development in the Centre's Operation Clean Money, Finance Minister Arun Jaitley announced a new online portal to investigate tax evaders.
12 May 2017
Aam Aadmi Party (AAP)AAP in more trouble- IT department wants party deregistered
AAP seems to be digging its hole deeper and deeper. Amid several controversies surrounding the party, the Income Tax (I-T) department has now suggested to the Election Commission (EC) that its registration should be cancelled.
10 May 2017
Aam Aadmi Party (AAP)I-T dept sends notice to AAP for fudging books
The Income Tax department has sent a show cause notice to the AAP, for allegedly falsifying its accounts and wilfully attempting to evade tax obligations.
06 May 2017
MumbaiThe dark forces behind a growing addiction to porn
The Maharashtra IT department recently revealed that daily, 30,000 users log in to Mumbai's free public Wi-Fi to access porn.
01 May 2017
India9lakh firms don't file their I-T returns : Revenue Secretary
While the FinMin keeps on harping about the need to curb black money and prevent methods of offshore money laundering, there seems to be more trouble brewing at home.
19 Apr 2017
Delhi PoliceDelhi to get driverless metro trains from June
The Delhi Metro Rail Corproation (DMRC) is expected to wrap up its work on the Noida and Kalkaji section of Phase-III by May.
15 Mar 2017
DelhiFor Rs. 5, you can now use South-Delhi hotel washrooms
On Tuesday, the South Delhi Municipal Corporation (SDMC) directed all hotels, restaurants and eateries within its jurisdiction to make their restrooms accessible to the public from 1st April onwards.
23 Feb 2017
Aero IndiaUber, Ola strike turns violent as mob stones cabs
1,00,000 cabs stayed off roads as protesting Uber and Ola drivers ransacked the Uber office at HSR Layout.
31 Dec 2016
Ratan TataThe Top 10 business scandals of 2016
Businesses across the world have faced their share of scandals this year, ranging from sexual harassment, to fraud, to providing politically biased news.
01 Sep 2016
TelanganaI-T Department's 'name and shame' policy
As a part of its 'name and shame' policy, the Income Tax Department may soon publish names of taxpayers who have a 'chronic' default of Rs.1 crore and above.
09 Aug 2016
IndiaI-T raids AAP MLA Kartar Singh, recovers Rs.130 crore
India's Income Tax Department today raided the office of Aam Aadmi Party MLA Kartar Singh Tanwar, and uncovered unaccounted cash and investments amounting to nearly Rs.130 crore.
