Page 19 - Income Tax Department

Centre for I-T e-assessment to be based in Delhi; CBDT issues order

The Centre will have 16 officials and will be headed by a Principal Chief Commissioner of Income-tax as its chief

I-T dept to issue PAN if taxpayers use Aadhaar for filing returns: CBDT

PAN will be generated automatically if a taxpayer uses Aadhaar for filing returns: CBDT

Oberoi Realty, Capacite Infra stocks fall on Income Tax search buzz

The stock has fallen 5.84 per cent since Tuesday

No tax notices sent to Durga Puja committees in Kolkata this year: CBDT

CBDT added that ITD had been getting information that several contractors who were doing work for the Puja committees were not paying due taxes

I-T dept detects undisclosed income of Rs 700 crore in Tamil Nadu

The search was based on intelligence gathered over several months that the business group was indulging in large-scale tax evasion

I-T dept carries out searches on 'certain businessmen' in Meghalaya

These persons were depriving the state government of legitimate revenue by suppressing sales and non-deposit of local taxes collected

Tax administration to be both strict and liberal

It is quite often that officers of the department are either too strict or too liberal irrespective of whether taxpayers are evaders or complainant

Reader's corner: How to check status of refund from income tax department

You will not be able to claim a credit of such TDS until the tenant completes the formalities

I-T to use data mining, risk profiling to increase tax mop-up: Revenue Secy

In the 2019-20 Budget, the government has set a direct tax collection target of Rs 13.35 trillion, which includes Rs 7.66 trillion being collected as corporate taxes and Rs 5.69 trillion as income tax

Misconception to think I-T Dept snoops on social media posts: CBDT chief

The tax department has named this new system as 'Project Insight', as it provides a 360-degree profiling and insight into an entities' complete transactions trail

How regulators, agencies are hurting India's war on $190-billion bad loans

Here are some instances of government agencies' tussles with the process

I-T dept eyes NRIs' residential status, reopens tax assessments of 5 years

The department has pulled up people who evaded tax and were sent notices a month ahead of Budget 2019

CBDT asks I-T dept to add 13 mn new filers in FY19 to widen the tax base

A new filer is defined as a person who is not included in the base at the beginning of the year

Govt sacks 12 senior I-T officers including a senior officer for corruption

It also includes an IRS officer in the post of Commissioner (Appeal) in Noida, who was accused of sexual harassment to two lady IRS officers of Commissioner rank

CAG raps I-T dept for spending Rs 1,000 cr on rent despite having own land

I-T dept is now preparing a fresh proposal of preliminary estimation for developing its land in Mumbai

300,000 companies under the tax scanner for money laundering

The tax department will seek restoration of such struck-off companies by filing an appeal before NCLT

From April 1, I-T dept to check taxpayer's profiles under Project Insight

I-T dept has created various functionalities under the portal, which will provide the 360-degree profile of taxpayers, including new and non-filers to gauge their accountability and tax liability

Income-tax officials to keep an eye on sensitive LS seats, bank branches

The direction to the income tax officials came from Central Board of Direct Taxes Chairman PC Mody during a meeting held on Wednesday through video conferencing

Tax dept bars V G Siddhartha from selling Mindtree stake, attaches shares

A total of 7.49 million shares held by Siddhartha and Coffee Day Enterprises will face this prohibitory order for next six months starting from January 25

I-T dept takes steps to prevent refund claims based on bogus investments

Regretting that people are claiming bogus refunds, CBDT Chairman said it was time that people change their mentality and pay their due share of taxes honestly