Tag archive for ‘Income tax’
By Manish Sen On Monday, February 11th, 2019

I-T sleuths unearth Rs 20,000-crore hawala racket in Delhi

New Delhi: The Income Tax Department on Monday claimed to have busted a nexus of hawala operators who were running a money laundering racket in the national capital estimated to be worth Rs 20,000 crore. Representative More...

By Ila Choudhary On Friday, February 1st, 2019

Govt doubles tax exemption limit to Rs 5 lakh

New Delhi: In a major relief to the middle-class, Finance Minister Piyush Goyal Friday proposed to double the threshold tax exemption limit to Rs 5 lakh and increased the standard deduction to Rs 50,000 from Rs More...

By Manish Sen On Saturday, January 19th, 2019

I-T dept to issue notice for cash transaction above Rs 20,000 in property purchase

New Delh: Be ready to receive the I-T department’s notice if you have made above Rs 20,000 cash transaction in a property purchase in Delhi. I-T department will be sent notices to both the seller and the purchaser More...

By Manish Sen On Monday, January 7th, 2019

IT employees’ federation’s Ghaziabad unit to join 2-day strike

Ghaziabad: The Income Tax Employees’ Federation of Ghaziabad region will join the nationwide two-days general strike on January 8 and 9. Representative Image The nationwide strike has been called to press More...

By Manish Sen On Monday, December 10th, 2018

IT inspector arrested for accepting bribe in Rajasthan

Jaipur: An income tax inspector was arrested here on Monday after he was caught red-handed accepting a bribe of Rs 40,000, a Central Bureau of Investigation (CBI) official said. CBI today arrested IT inspector Abhishek More...

By Manish Sen On Wednesday, December 5th, 2018

I-T dept working on pre-filled income tax return forms: CBDT chief

New Delhi: Income tax payers will soon get pre-filled ITR forms that will make the process of filing returns easier, Central Board of Direct Taxes (CBDT) Chairman Sushil Chandra has said. “Income tax payers More...

By Manish Sen On Monday, October 22nd, 2018

Processing of Income Tax refunds is faster than ever: CBDT Chairman

New Delhi: The Central Board of Direct Taxes (CBDT) Chairman Sushil Chandra on Monday said that higher level of compliance, various legislative and administrative measures have been taken by the Central Government More...

By Ila Choudhary On Saturday, October 13th, 2018

Rs 35 lakh, papers on benami assets recovered from Delhi minister’s residence

New Delhi: The Income Tax (IT) department recovered Rs 35 lakh and papers on benami assets during the raids it carried out recently at 16 locations belonging to Delhi Transport Minister Kailash Gahlot, sources told More...

By Ila Choudhary On Friday, October 12th, 2018

IT raids continue in AAP minister’s residence, offices

New Delhi:The Income Tax (IT) officials on Friday continued to carry out raids at premises linked to Delhi Transport Minister and Aam Aadmi Party (AAP) MLA Kailash Gahlot in connection with an alleged tax evasion More...

By Ila Choudhary On Saturday, October 6th, 2018

Bombay High Court grants bail to I-T Deputy Commissioner accused of raping minor domestic help

Mumbai: The Bombay High Court has granted bail to a 42-year-old Income Tax Deputy Commissioner arrested earlier last month on charges of raping his minor domestic help. Representative image A single bench presided More...