Tag archive for ‘Income tax’
By Manish Sen On Thursday, January 16th, 2020

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

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

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

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

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

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

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

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

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...

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...