Tag archive for ‘Income Tax department’
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By Manish Sen On Saturday, February 10th, 2018
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Man posing as IT official causes flutter at Deepa’s house

Chennai: High drama prevailed at the house of J Deepa, niece of former Chief Minister, the late J Jayalalithaa, as a man posing as an IT department official tried to conduct searches in her house here.Former Chief More...

By Manisha Sen On Wednesday, February 7th, 2018
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CBI shares documents linked to Satyender Jain with I-T dept

New Delhi: The CBI has shared with the Income Tax department records relating to properties and cash seizures that are allegedly linked to Delhi Minister Satyendar Jain and were recovered during searches at the More...

By Manish Sen On Tuesday, February 6th, 2018
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Tax dept receives 15-25 lakh PAN applications per week

New Delhi: The Income-Tax Department (ITD) receives 15-25 lakh Permanent Account Number (PAN) applications per week, and takes a few hours to two weeks to allot the 10-digit alphanumeric identifier, the government More...

By Ila Choudhary On Wednesday, January 10th, 2018
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I-T Dept warns people to keep away from benami transactions

New Delhi: The Income Tax Department today warned people to “keep away” from benami transactions, cautioning that violations under the newly enacted law invites criminal prosecution and rigorous imprisonment More...

By Manisha Sen On Tuesday, December 19th, 2017
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I-T dept seizes assets worth Rs 900 cr in Nov-Mar 2017

New Delhi: The government today said the Income Tax department has seized assets worth Rs 900 crore till March 2017 post demonetisation. Minister of State for Finance P Radhakrishnan The IT department conducted More...

By Manish Sen On Monday, December 18th, 2017
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I-T dept unearths undisclosed income of Rs 7,961 cr

New Delhi: The Income-Tax Department has unearthed undisclosed income of Rs 7,961 crore post demonetisation, from November last year to March, Parliament was informed today. Sushil Chandra Chairman of CBDT, the More...

By Ila Choudhary On Friday, December 8th, 2017
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Income Tax dept suspends Deputy Commissioner for harassing taxpayer

New Delhi: The Income Tax Department has suspended a Deputy Commissioner for harassing a taxpayer and allegedly demanding “illegal gratification”, the finance ministry said today. Sushil Chandra Chairman More...

By Manish Sen On Thursday, November 23rd, 2017
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Income Tax inspector killed in road mishap

Pune: A 28-year-old Income Tax department inspector was killed and two other officials were injured after their SUV rammed into a parked trailer truck from rear on the old Pune-Mumbai highway near Dehu Road in More...

By Manisha Sen On Tuesday, November 14th, 2017
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DeMo: I-T to issue notices to suspicious cash depositors

New Delhi: The Income Tax Department will soon issue notices to those who have deposited “suspicious” amounts of money in banks post-demonetisation and have not responded to taxmans preliminary communication, More...

By Manisha Sen On Tuesday, November 14th, 2017
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Benami assets: I-T scanning profiles of property registered over R 30 lakh

New Delhi: The Income Tax Department is matching the “tax profiles” of all property registrations of above Rs 30 lakh under the provisions of the anti-Benami Act, as action against illicit asset holders More...