Tag archive for ‘Income Tax department’
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By Manish Sen On Monday, September 23rd, 2019
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Election Commissioner Lavasa’s wife under I-T dept scanner

New Delhi: Election Commissioner Ashok Lavasa’s wife Novel Singhal Lavasa has come under the scanner of the Income Tax Department on charges of alleged tax evasion, official sources said on Monday.Novel Singhal More...

By Manish Sen On Monday, September 2nd, 2019
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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 Tuesday, August 27th, 2019
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Sitharaman gives mantra of restraint to tax collectors but says deadlines are realistic

Pune: In order to help entrepreneurs to carry out their business, Finance Minister Nirmala Sitharaman on Tuesday said she has directed the tax administrators to be restraint in the tax collection process and also More...

By Manish Sen On Wednesday, April 24th, 2019
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Bombay High Court junks policy linking Appellate I-T Commissioners’ appraisal to favourable rulings

Mumbai: The Bombay High Court has set aside a central government policy that offered incentives and linked the appraisals of appellate income tax commissioners to the number of rulings they gave in favour of the More...

By Manish Sen On Tuesday, April 16th, 2019
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I-T dept revises format of TDS certificate issued by employers

New Delhi: The Income Tax department has revised Form 16 by adding various details, including income from house property and remuneration received from other employers, thereby making it more comprehensive to help More...

By Manish Sen On Wednesday, April 10th, 2019
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I-T dept seeks legal action against K’taka CM, Dy CM for intimidating officers

Bengaluru: The Income Tax department has written to the Chief Electoral Officer seeking legal action against Chief Minister H D Kumaraswamy, Deputy Chief Minister G Parameshwara and a host of his cabinet colleagues More...

By Manish Sen On Tuesday, April 9th, 2019
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Enforcement actions always taken irrespective of political affiliation: Revenue Dept to EC

New Delhi: Amid continuing Income Tax Department raids on persons considered close to opposition parties, Union Finance Ministry has told the Election Commission that enforcement actions by its revenue department More...

By Manish Sen On Thursday, April 4th, 2019
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1.07 cr new taxpayers added, dropped filers down at 25.22 lakh in FY18: CBDT

New Delhi: The Income Tax department said Thursday it added 1.07 crore new taxpayers while the number of dropped filers’ came down to 25.22 lakh in 2017-18, showing the positive impact of demonetisation. Pramod More...

By Manish Sen On Wednesday, March 27th, 2019
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I-T dept attaches Lutyens bungalow worth Rs 208-cr in benami case against ex-UP engineer

New Delhi: The Income Tax department Wednesday attached a bungalow worth Rs 208 crore, belonging to a former UP government engineer, in the posh Lutyens zone of the national capital, officials said. File photo: More...

By Manish Sen On Wednesday, March 20th, 2019
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I-T Dept deploys surveillance teams in NE states for LS polls

Guwahati: The Income Tax Department has deployed surveillance teams and set up control rooms in seven north eastern states, to deal with any reported movement of unaccounted money ahead of the Lok Sabha elections More...