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...
CBDT directs taxman to maximise collection efforts as growth rate not satisfactory
New Delhi: With growth in direct tax collections sluggish, the CBDT has directed income tax department officials to “maximise” their efforts and conduct targeted surveys and file court cases against More...
CBI arrests Income Tax officer in bribery case
New Delhi: The CBI has arrested an Income Tax officer and two others for allegedly seeking Rs 50,000 from a person who had not filed his income tax returns, officials said Thursday. CBI has arrested an Income Tax More...
I-T dept grills Karnataka minister Shivakumar in tax evasion
Bengaluru: Senior Karnataka minister D K Shivakumar was Thursday grilled for about three hours by the Income Tax department for alleged tax evasion, officials said. Senior Karnataka minister D K Shivakumar was Thursday More...
I-T dept seizes Rs 992.5-cr assets in FY18; tax-to-GDP ratio improves: Govt
New Delhi:The income tax department seized assets worth Rs 992.52 crore during 2017-18, while 582 search and seizure operations were conducted during the financial year, Parliament was informed Friday. Minister More...
PAN applicant not required to quote father’s name in certain cases
New Delhi: The Income Tax Department said on Tuesday that quoting of father’s name in PAN (Permanent Account Number) application forms will not be mandatory in cases where mother of the applicant is a single More...
Several records missing from IT dept, CIC told
New Delhi: Several records have gone missing from Income Tax department because of a restructuring drive in 2001 and 2013, the Central Information Commission has been informed. Information Commissioner Bimal Julka More...
I-T raids at TDP MP’s residences, offices in AP, Telangana
Amaravati: The Income Tax department Friday conducted searches at premises of Telugu Desam Party (TDP) Rajya Sabha member CM Ramesh in Andhra Pradesh and Telangana, sources said. Income Tax department today conducted More...
IT officials ‘beaten up’ during raid at oil mill owner’s house
Morena (Madhya Pradesh): Officials of the Income Tax Department (ITD) were allegedly assaulted while carrying out a raid at the house of an oil mill owner in Morena town of Madhya Pradesh, police said. Representative More...
IT raids 16 premises linked to Delhi minister Kailash Gahlot
New Delhi: The Income Tax Department (ITD) Wednesday conducted searches on multiple premises linked to Delhi Transport minister Kailash Gahlot in connection with an alleged tax evasion case, officials said. IT Department More...