Corrupt junior Income Tax, Customs, CGST officers to be given compulsory retirement
New Delhi: The central government has started an operation to screen corrupt junior Income Tax, Customs, Central Goods and Services Tax (CGST) officers who will given compulsory retirement, the Finance Ministry More...
Income tax dept conducts search ops on stock brokers, traders across country
New Delhi: The income tax department has carried out search operations on certain share-brokers and traders for allegedly executing fraudulent trades in illiquid stock options. Over 39 locations spread across Mumbai, More...
Facilitate tax payers by explaining the law, Nirmala Sitharaman advises IRS officers
Faridabad: Union Finance Minister Nirmala Sitharaman on Friday addressed the 69th batch of Indian Revenue Service (Customs and Central Excise) officials at their passing out ceremony to become officers who can facilitate More...
I-T dept attaches properties worth Rs 1,600 cr belonging to Sasikala: Official sources
AIADMK leader VK SasikalaNew Delhi: The Income-Tax department on Tuesday attached properties worth Rs 1,600 crores belonging to former AIADMK leader VK Sasikala under the provisions of the Benami Transactions (Prohibition) More...
Kolkata: ED conduct raids in PMLA case against IT Commissioner
Kolkata: The Enforcement Directorate (ED) on Wednesday conducted raids at a few locations here in connection with its money laundering probe against an IRS officer and others. ED today conducted raids at a few locations More...
Election Commissioner Lavasa’s wife under I-T dept scanner
New Delhi: Election Commissioner Ashok Lavasa’s wife Novel Singhal Lavasa has come under the scanner of the Income Tax Department on charges of alleged tax evasion, official sources said on Monday.Novel Singhal More...
PAN will be generated automatically if a taxpayer uses Aadhaar for filing returns: CBDT
New Delhi: The Income Tax Department will automatically issue PAN to a taxpayer using Aadhaar number for filing returns as part of a new arrangement to link the two databases. According to a notification issued More...
Sitharaman gives mantra of restraint to tax collectors but says deadlines are realistic
Pune: In order to help entrepreneurs to carry out their business, Finance Minister Nirmala Sitharaman on Tuesday said she has directed the tax administrators to be restraint in the tax collection process and also More...
Bombay High Court junks policy linking Appellate I-T Commissioners’ appraisal to favourable rulings
Mumbai: The Bombay High Court has set aside a central government policy that offered incentives and linked the appraisals of appellate income tax commissioners to the number of rulings they gave in favour of the More...
I-T dept revises format of TDS certificate issued by employers
New Delhi: The Income Tax department has revised Form 16 by adding various details, including income from house property and remuneration received from other employers, thereby making it more comprehensive to help More...
