Tag archive for ‘Income tax’
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By Ila Choudhary On Friday, January 24th, 2020
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India faces first fall in direct taxes in at least two decades – sources

Mumbai: India’s corporate and income tax collection for the current year is likely to fall for the first time in at least two decades, over half a dozen senior tax officials told Reuters, amid a sharp fall in More...

By Manish Sen On Thursday, January 16th, 2020
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I-T serves notice to Mumbai labourer, demands Rs 1 crore payment in lieu of transactions

Mumbai: A labourer who earns around Rs 300 per day has received a notice from the Income-Tax department asking him to pay over Rs 1 crore. 35-year-old Bhausaheb Ahire lives with his family in a slum in Ambivli and More...

By Manish Sen On Monday, December 30th, 2019
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CBI searches premises of IRS officers in IMA scam

New Delhi: The CBI has carried out searches at eight locations, including the premises of two IRS officers (Income Tax) based in Bengaluru, in connection with I-Monetary Advisory (IMA) ponzi scam, officials said More...

By Manish Sen On Sunday, December 8th, 2019
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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
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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 Tuesday, November 19th, 2019
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CBDT seeks to widen net for appointment of members; makes younger officers eligible for post

New Delhi: The Central Board of Direct Taxes (CBDT), the top policy-making body of the income tax department, is seeking to widen the net for the appointment of members to its board by inviting applications from More...

By Manish Sen On Saturday, November 16th, 2019
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22 IRS officers resign under tax collection target pressure

New Delhi: 22 IRS officers resigned from service in this year, who are facing tax collection target pressure of Modi government because the economy has hit six-year low of 5% during the first quarter of the current More...

By Manish Sen On Thursday, November 14th, 2019
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Hopeful of achieving 13.35 lakh crore tax collection target, says CBDT Chairman

New Delhi: Central Board of Direct Taxes (CBDT) Chairman P C Mody on Thursday expressed hope that the body will able to achieve the target of tax collection given to them at the beginning of this year. CBDT Chairman More...

By Ila Choudhary On Friday, November 8th, 2019
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CBI books its own officer for allegedly extorting Rs 5 crore from Guj bizman

New Delhi: The CBI has booked its own officer for allegedly extorting Rs 5 crore from a Gujarat-based businessman by threatening him with action from the Enforcement Directorate and the Income Tax department, officials More...

By Manisha Sen On Wednesday, October 23rd, 2019
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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...