Tag archive for ‘Income tax’
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RJD supremo Lalu Prasad's daughter Misa Bharti's Chartered Accountant Rajesh Agarwal in a money laundering case.
By Manish Sen On Wednesday, May 24th, 2017
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I-T summons Lalu’s daughter and husband in benami land case

The Income Tax Department has issued summonses to RJD chief Lalu Prasad’s MP daughter Misa Bharti and her husband in connection with its probe in Rs 1,000 crore alleged benami land deals and a tax evasion More...

Former Karnataka Chief Minister H.D. Kumaraswamy
By Manish Sen On Wednesday, May 24th, 2017
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Money laundering: Complaint registered with I-T wing against former K’taka CM Kumaraswamy

Bengaluru: A complaint has been registered with the Income Tax (IT) investigations wing against former Karnataka chief minister H.D. Kumaraswamy in a money laundering case on Wednesday. Former Karnataka Chief Minister More...

Tamil Nadu Health Minister C Vijayabaskar
By Manish Sen On Wednesday, May 17th, 2017
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Chennai: IT raids TN Health Minister’s residence

Chennai: The Income Tax Department on Wednesday conducted raids at state Health Minister C. Vijaya Bhaskar’s residence in Pudukkottai here. Income Tax Department on Wednesday conducted raids at state Health More...

Sushil Chandra Chairman of CBDT, the nodal national agency responsible for administering Income Tax department.
By Manish Sen On Thursday, May 11th, 2017
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I-T dept launches new facility to link Aadhaar with PAN

New Delhi: The Income Tax department has launched a new e-facility to link a person’s Aadhaar with the Permanent Account Number (PAN), a mandatory procedure for filing IT returns now. Sushil Chandra Chairman More...

Earlier, taxpayers were required to fill in complete details of the entire TDS schedule while applying for rectification on the e-filing portal.
By Manish Sen On Thursday, May 4th, 2017
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All ITR forms now available for e-filing on Income Tax dept website

New Delhi: The Income Tax department today activated the e-filing facility for all categories of Income Tax Returns (ITRs) for the assessment year 2017-18.All ITRs are now available for e-filing on the website of More...

Tamil Nadu Health Minister C Vijayabaskar
By Ila Choudhary On Wednesday, May 3rd, 2017
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IT summons Tamil Nadu Health Minister’s wife

Tamil Nadu Health Minister C VijayabaskarChennai: The Income Tax (IT) department on Wednesday issued summons to Tamil Nadu Health Minister C Vijayabaskar’s wife. She is expected to appear before the tax investigating More...

HRA exemption
By Ila Choudhary On Tuesday, April 11th, 2017
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Income tax relief could be allowed on rent receipt paid to family member

New Delhi: Recently, the Mumbai income tax appellate tribunal (ITAT) denied a claim on house rent allowance (HRA) by a taxpayer. She had paid rent in cash to her mother, but was unable to substantiate it. On the More...

CBI Director Alok Verma
By Ila Choudhary On Monday, April 3rd, 2017
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CBI arrests Income Tax Inspector for accepting Rs five lakh bribe

Ernakulam: The anti-corruption wing of the Central Bureau of Investigation (CBI) on Monday arrested an inspector of the Income Tax Department while accepting a bribe of Rs. five lakh.CBI Director Alok Verma On Friday, More...

Finance Minister Arun Jaitley had earlier expressed confidence that the currency shortage will be mitigated after December 30.
By Manish Sen On Monday, March 27th, 2017
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GST draft bills tabled in Parliament; peg peak rate at 40%

New Delhi: Finance Minister Arun Jaitley today introduced in Lok Sabha four bills on Goods and Services Tax, providing for a maximum GST rate of 40 per cent, an anti- profiteering authority and arrests for evading More...

Finance Minister Arun Jaitley is likely to approve the proposal of committee on allowances.
By Manish Sen On Wednesday, March 22nd, 2017
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GST rollout from July 1 to make goods cheaper: Jaitley

New Delhi: Hopeful of the GST rollout from July 1, Finance Minister Arun Jaitley today said it will create one of the world’s biggest single markets and make commodities cheaper and tax evasion difficult. Finance More...

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