Tag archive for ‘Income tax’
By Manish Sen On Saturday, October 19th, 2019

IT dept seizes Rs 29 cr in Mumbai during Maha poll campaign

Mumbai: The Income Tax Department said on Saturday that it seized a total of Rs 29 crore in unaccounted cash in the country’s financial capital since the campaign for the October 21 Maharashtra Assembly elections More...

By Ila Choudhary On Tuesday, October 8th, 2019

Top Income Tax official who made sensational allegations against CBDT chairman gets promoted

New Delhi: A top Income Tax official, who reportedly made an unprecedented attack on CBDT Chairman alleging victimization, has been promoted to the apex grade equivalent to Special Secretary, according to an official More...

By Manish Sen On Friday, September 13th, 2019

Govt notifies e-assessment process for income-tax payers

New Delhi: The ambitious ‘e -assessment’ scheme, also called the faceless or nameless assessment, for income-tax payers has been notified by the Central government. Finance Minister Nirmala Sitharaman The More...

By Manish Sen On Wednesday, September 11th, 2019

SC to hear CBI’s plea against protection from arrest granted to sacked I-T Commissioner

New Delhi: The Supreme Court on Wednesday agreed to hear a petition filed by the Central Bureau of Investigation (CBI) against the protection from arrest granted to sacked Income Tax commissioner S K Srivastava 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 Friday, August 30th, 2019

File IT returns by Aug 31, no extension of date: CBDT

Pramod Chandra Mody Chairman of CBDT, the nodal national agency responsible for administering Income Tax department. New Delhi: The Central Board of Direct Taxes (CBDT) on Friday clarified that no order has been More...

By Manish Sen On Saturday, August 24th, 2019

Abolish income tax, hike FD interest, cut it on loans: Swamy

Chandigarh: BJP MP Subramanian Swamy on Saturday batted for abolishing income tax, hiking interest rate on fixed deposits and lowering it on loans to spur economic growth. BJP MP Subramanian Swamy “The main More...

By Manish Sen On Wednesday, August 21st, 2019

HC declines interim stay on transfer of income tax case against Karti to special court

Chennai: The Madras High Court on Wednesday refused the plea of Congress MP Karti Chidambaram and his wife for interim stay on the transfer of an income tax case against them from an economic offences court to a More...

By Manish Sen On Sunday, August 11th, 2019

Mamata to protest against Centre over income tax on Durga Puja

Kolkata: West Bengal Chief Minister Mamata Banerjee on Sunday criticised the Centre for issuing income tax notices to several Durga Puja committees here, saying festivals should be exempt from levies. West Bengal More...

By Manish Sen On Friday, July 12th, 2019

MP-C’garh students asked to ensure parents deposit IT returns

Bhopal: The Income Tax department has asked students in Madhya Pradesh and neighbouring Chhattisgarh to give written declarations that they would ensure their parents deposit income tax returns “honestly”, More...