Tag archive for ‘Income Tax department’
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By Manish Sen On Tuesday, April 16th, 2019
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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...

By Manish Sen On Wednesday, April 10th, 2019
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I-T dept seeks legal action against K’taka CM, Dy CM for intimidating officers

Bengaluru: The Income Tax department has written to the Chief Electoral Officer seeking legal action against Chief Minister H D Kumaraswamy, Deputy Chief Minister G Parameshwara and a host of his cabinet colleagues More...

By Manish Sen On Tuesday, April 9th, 2019
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Enforcement actions always taken irrespective of political affiliation: Revenue Dept to EC

New Delhi: Amid continuing Income Tax Department raids on persons considered close to opposition parties, Union Finance Ministry has told the Election Commission that enforcement actions by its revenue department More...

By Manish Sen On Thursday, April 4th, 2019
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1.07 cr new taxpayers added, dropped filers down at 25.22 lakh in FY18: CBDT

New Delhi: The Income Tax department said Thursday it added 1.07 crore new taxpayers while the number of dropped filers’ came down to 25.22 lakh in 2017-18, showing the positive impact of demonetisation. Pramod More...

By Manish Sen On Wednesday, March 27th, 2019
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I-T dept attaches Lutyens bungalow worth Rs 208-cr in benami case against ex-UP engineer

New Delhi: The Income Tax department Wednesday attached a bungalow worth Rs 208 crore, belonging to a former UP government engineer, in the posh Lutyens zone of the national capital, officials said. File photo: More...

By Manish Sen On Wednesday, March 20th, 2019
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I-T Dept deploys surveillance teams in NE states for LS polls

Guwahati: The Income Tax Department has deployed surveillance teams and set up control rooms in seven north eastern states, to deal with any reported movement of unaccounted money ahead of the Lok Sabha elections More...

By Manish Sen On Tuesday, March 19th, 2019
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IT dept to attach 20 properties of Mayawati’s former aide Netram in disproportionate assets case: IT sources

New Delhi: The Income Tax (IT) department will attach around 20 properties of retired IAS officer Netram, a former secretary of BSP supremo Mayawati, in connection with a disproportionate assets case, IT sources More...

By Manish Sen On Tuesday, March 12th, 2019
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I-T dept searches premises linked to retired IAS officer who served as Mayawati’s secy

New Delhi: The Income Tax Department Tuesday searched a dozen properties in Delhi and Lucknow linked to a retired IAS officer of Uttar Pradesh cadre, who served in top positions during Mayawati’s chief ministership, More...

By Manish Sen On Thursday, February 28th, 2019
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Link your PAN with bank for refunds: I-T to taxpayers

New Delhi: The Income Tax Department will “only” issue refunds via the e-mode into bank accounts of taxpayers beginning next month and they should link PAN with their accounts, the taxman said in its More...

By Manish Sen On Thursday, February 7th, 2019
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I-T Dept to soon decide on startups to be exempt from angel tax

New Delhi: the Income Tax Department will soon decide on the kind of startups that can be exempted from angel tax, a top official said Thursday. CBDT Chairman Sushil Chandra said that they have received several More...