Income Tax Deparment
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Cash Sales Of Rs 1,000 Crore Found In Raids On Electrical Items Manufacturer
The Income Tax department initiated search and seizure operations in the case of a group engaged in the manufacturing of wires, cables and other electrical items on December 22, 2023, the agency said in a statement on Wednesday.
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Income Tax Department Hiring For Various Posts, Check Details
Income Tax Recruitment 2023: The recruitment drive aims to fill vacancies for roles such as Income Tax Inspector, Tax Assistant, Stenographer, and Multi-Tasking Staff.
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BJP Pressuring Officials To Catch Opposition Leaders: Congress
Karnataka Congress President D K Shivakumar on Monday alleged the ruling BJP, which is embarrassed by corruption charges against one of its MLAs, is exerting pressure on Income Tax and Lokayukta officials to catch those from opposition parties.
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Bullet Train Project: Compensation Amount Not Taxable Says High Court
The Bombay High Court said that income tax cannot be deducted from an amount given by way of compensation for property the National Hi-Speed Rail Corporation Ltd (NHSRCL) acquired for the Mumbai-Ahmedabad bullet train project.
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Government Enables Tax Audit Utility Form For 2019-20, 2020-21
According to income tax department, taxpayers are mandated to get their accounts audited if the sales or turnover exceed Rs 10 crore
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Tax Officials To Reply On Newslaundry Plea Over Leak Of Seized Material
The Delhi High Court Friday sought Income Tax Department's stand on a plea by online news portal Newslaundry and its co-founder Abhinandan Sekhri to restrain any leakage of the material seized during a survey operation held earlier this month.
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Looked Only At Financial Transactions Of Dainik Bhaskar Group: Income Tax Department
The Income Tax Department Thursday rejected allegations that its officials "suggested changes" in news stories while they conducted raids at multiple offices of the Dainik Bhaskar media group on charges of tax evasion.
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Rahul Gandhi's "Weak Government" Dig At Centre Over Tax Raids On Media Houses
Rahul Gandhi on Thursday took a dig at the BJP-led central government in an apparent reference to the income tax searches on the premises linked to Dainik Bhaskar media group and said "writing truth is enough to intimidate a weak government".
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DMK Chief's Family, Others Raided To Check Illegal Political Cash: Report
The Income Tax Department's raids on DMK chief MK Stalin's daughter Senthamarai and others on Friday were aimed to check "political cash distribution" in poll-bound Tamil Nadu, sources in the Central Board of Direct Taxes (CBDT) said.
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Tax Officials Raid Chandigarh Advocate Who Took Rs 217 Crore Cash From Client
The Income Tax Department has raided a "leading" Chandigarh-based advocate on charges of alleged tax evasion and receiving at least Rs 217 crore "in cash", tax officials said on Thursday.
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Income Tax Deparment Withdraws Appeal Against Rajinikanth Over Rs 66 Lakh Penalty
The Madras High Court on Tuesday dismissed as withdrawn an Income Tax department appeal against film star Rajinikanth in respect of assessment for three years from 2002-03 after the department cited a CBDT circular doing away with a further legal challenge in matters involving an amount less than Rs 1 crore.
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Information Panel Pulls Up Tax Office 'Informer' For Using RTI To Seek Rewards
The Central Information Commission has admonished an RTI applicant who was allegedly seeking information from the Income Tax Department to spot tax evaders and earn rewards for being an "informer".
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Tax Department Unearths Rs 56,378 Crore Undisclosed Income In Searches
The Income Tax department has unearthed undisclosed income of Rs 56,378 crore during search operations conducted over two years time and seized cash of about Rs 2,000 crore.
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Tax Offices To Display CBI Contact Numbers To Check Corruption
In a bid to check corruption in the income tax department, all tax offices will now prominently display numbers where the CBI can be reached in case anyone asks for a bribe.
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Cash Sales Of Rs 1,000 Crore Found In Raids On Electrical Items Manufacturer
The Income Tax department initiated search and seizure operations in the case of a group engaged in the manufacturing of wires, cables and other electrical items on December 22, 2023, the agency said in a statement on Wednesday.
-
Income Tax Department Hiring For Various Posts, Check Details
Income Tax Recruitment 2023: The recruitment drive aims to fill vacancies for roles such as Income Tax Inspector, Tax Assistant, Stenographer, and Multi-Tasking Staff.
-
BJP Pressuring Officials To Catch Opposition Leaders: Congress
Karnataka Congress President D K Shivakumar on Monday alleged the ruling BJP, which is embarrassed by corruption charges against one of its MLAs, is exerting pressure on Income Tax and Lokayukta officials to catch those from opposition parties.
-
Bullet Train Project: Compensation Amount Not Taxable Says High Court
The Bombay High Court said that income tax cannot be deducted from an amount given by way of compensation for property the National Hi-Speed Rail Corporation Ltd (NHSRCL) acquired for the Mumbai-Ahmedabad bullet train project.
-
Government Enables Tax Audit Utility Form For 2019-20, 2020-21
According to income tax department, taxpayers are mandated to get their accounts audited if the sales or turnover exceed Rs 10 crore
-
Tax Officials To Reply On Newslaundry Plea Over Leak Of Seized Material
The Delhi High Court Friday sought Income Tax Department's stand on a plea by online news portal Newslaundry and its co-founder Abhinandan Sekhri to restrain any leakage of the material seized during a survey operation held earlier this month.
-
Looked Only At Financial Transactions Of Dainik Bhaskar Group: Income Tax Department
The Income Tax Department Thursday rejected allegations that its officials "suggested changes" in news stories while they conducted raids at multiple offices of the Dainik Bhaskar media group on charges of tax evasion.
-
Rahul Gandhi's "Weak Government" Dig At Centre Over Tax Raids On Media Houses
Rahul Gandhi on Thursday took a dig at the BJP-led central government in an apparent reference to the income tax searches on the premises linked to Dainik Bhaskar media group and said "writing truth is enough to intimidate a weak government".
-
DMK Chief's Family, Others Raided To Check Illegal Political Cash: Report
The Income Tax Department's raids on DMK chief MK Stalin's daughter Senthamarai and others on Friday were aimed to check "political cash distribution" in poll-bound Tamil Nadu, sources in the Central Board of Direct Taxes (CBDT) said.
-
Tax Officials Raid Chandigarh Advocate Who Took Rs 217 Crore Cash From Client
The Income Tax Department has raided a "leading" Chandigarh-based advocate on charges of alleged tax evasion and receiving at least Rs 217 crore "in cash", tax officials said on Thursday.
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Income Tax Deparment Withdraws Appeal Against Rajinikanth Over Rs 66 Lakh Penalty
The Madras High Court on Tuesday dismissed as withdrawn an Income Tax department appeal against film star Rajinikanth in respect of assessment for three years from 2002-03 after the department cited a CBDT circular doing away with a further legal challenge in matters involving an amount less than Rs 1 crore.
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Information Panel Pulls Up Tax Office 'Informer' For Using RTI To Seek Rewards
The Central Information Commission has admonished an RTI applicant who was allegedly seeking information from the Income Tax Department to spot tax evaders and earn rewards for being an "informer".
-
Tax Department Unearths Rs 56,378 Crore Undisclosed Income In Searches
The Income Tax department has unearthed undisclosed income of Rs 56,378 crore during search operations conducted over two years time and seized cash of about Rs 2,000 crore.
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Tax Offices To Display CBI Contact Numbers To Check Corruption
In a bid to check corruption in the income tax department, all tax offices will now prominently display numbers where the CBI can be reached in case anyone asks for a bribe.
