Tag archive for ‘Income Tax department’
By Manish Sen On Sunday, December 8th, 2019

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...

By Manish Sen On Saturday, December 7th, 2019

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...

By Manish Sen On Friday, November 8th, 2019

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...

By Manisha Sen On Tuesday, November 5th, 2019

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...

By Manisha Sen On Wednesday, October 23rd, 2019

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...

By Manish Sen On Monday, September 23rd, 2019

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...

By Manish Sen On Monday, September 2nd, 2019

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...

By Manish Sen On Tuesday, August 27th, 2019

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...

By Manish Sen On Wednesday, April 24th, 2019

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...

By Manish Sen On Tuesday, April 16th, 2019

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...