Page 33 - Income Tax

I-T dept shames defaulters: Lists names of 5 cos owing Rs 10 cr in taxes

The total taxes due by these five defaulters is Rs 10.27 crore, the notice said

Income tax base expands by 9.1 mn people after note ban: FM Jaitley

Jaitley said demonetisation had led to an increase in the number of assessees and tax revenues

I-T recovers Rs 10 crore cash, 10 kg gold from UP bureaucrat premises

The tax sleuths also raided at least four premises of a OSD of Noida Authority

Op Clean Money-II: I-T to issue notices to 60,000 people

60,000 persons, including 1,300 high risk persons, have been identified for investigation

Details: ITR form simplified further; e-filing to start from April

Currently, the ITR 1/Sahaj has 18 columns for claiming deductions under Section 80 of Income Tax Act

I-T dept makes public list of defaulters owing Rs 448 crore

The department has carried out this exercise earlier too and had named at least 67 such entities

Data crunching: Are we a nation of tax avoiders?

Exemptions ensure India's tax-GDP ratio stays low

Pay income tax, apply for PAN using mobile apps on your smartphone

This move will help bring more people under the tax net by making it easier for people to get PAN

Online I-T grievance redressal facility e-nivaran launched at 60 offices

The facility will soon be launched at 100 more such special tax offices, called Aaykar Sampark Kendras

I-T Dept to scrutinise tax relief claims by sick companies

Tax relief under SICA will not automatically apply as SICA has been repealed with effect from December 1, 2016

Income tax refunds up 42% at Rs 1.42 lakh crore

As many as 4.01 crore ITRs were e-filed till February 10, 2017, an increase of 20 per cent over the previous year.

Taxman not to ask questions on deposits up to Rs 2.5 lakh: CBDT

Only those accounts will be probed that do not match the tax returns

Personal I-T base must be up before corporate tax cut: Hasmukh Adhia

1% cut in corporate income tax rate will cost Rs 18,000-19,000 crore in revenues, Adhia said

Taxmen can reopen up to 10-yr old cases in big transactions

Currently, I-T officers can go back up to 6 years to scrutinise the books of accounts of assesses

I-T data analysed: 1 taxpayer owes 11% of India's individual income tax

There were 64 taxpayers with a tax liability of over Rs 500 crore in 2014-15

Brace for a call from I-T if you deposited over Rs 10 lakh after 8 Nov

The taxmen want to find out the source of the money

Digital trail: I-T may soon track electronic transactions like RTGS, NEFT

FinMin's pilot project is aimed at tracking benami transactions

Black money chase: Don't panic if you receive a tax notice

Prepare your replies with expert help and keep relevant documents ready to support your replies

CBI nabs income tax officer taking Rs 1 lakh bribe in new notes

ITO Vinay Kumar, posted at the Jhalawar branch of the IT department, had demanded the bribe in new currency notes from the complainant

Economists favour cut in income tax rate; harmonise custom rate

Experts also suggested that there is a need to invest in the tourism sector