income tax department

Good news! Start-ups can raise capital from abroad without losing control of the company; here’s how

Start-up India: In less than a week, the Modi govt announced two major reliefs for start-ups on the issue of angel tax and by liberalising norms for issuing DVR shares and ESOPs.

Good news! Start-ups can raise capital from abroad without losing control of the company; here’s how

Telangana Rashtra Samiti MLA booked for tax evasion of Rs 500 crore: IT department

Reddy has been booked under sections 276 (1) and 277 of the I-T Act “pertaining to offences of wilful attempt to evade taxes and false statement in verification.

Telangana Rashtra Samiti MLA booked for tax evasion of Rs 500 crore: IT department

Undisclosed income a time bomb! Modi government’s Income Declaration scheme 2016 opens: Salient features

It is a one time opportunity to all persons who have not declared income in early years, to come forward and declare such undisclosed income.

Undisclosed income a time bomb! Modi government’s Income Declaration scheme 2016 opens: Salient features

Indian Express Column: For a less taxing regime

Make IT laws less subjective, fix accountability of officers.

Indian Express Column: For a less taxing regime

Submit proof of travel for claiming tax deduction on LTA: CBDT

The Income Tax Department has brought out a new form making it mandatory for salaried taxpayers to furnish proof of travel for claiming tax deduction on LTA or LTC".

Submit proof of travel for claiming tax deduction on LTA: CBDT

Nobody in India had salary income over Rs 100 crore in FY12

Income tax return data of the financial year shared by the finance ministry also show only 6 people had salaried income between Rs 50 crore and Rs 100 crore in the year.

Nobody in India had salary income over Rs 100 crore in FY12

Income-Tax Dept to pay interest on TDS refund, not litigate on issue

The Income-Tax Department will now add interest amount to a delayed refund made on excess TDS deductions and will also not litigate with the deductor on this issue in the future, a latest directive has said.

Income-Tax Dept to pay interest on TDS refund, not litigate on issue

Income Tax Department’s E-filing Vault adds muscle to tax security

To ensure taxpayers are able to shield their e-filing against any fraudulent activity, the Income Tax Department today said it has introduced a new facility called E-filing Vault.

Income Tax Department’s E-filing Vault adds muscle to tax security

Revenue Secretary Hasmukh Adhia pulls up CBDT; seeks Income Tax dept’s accountability

Concerned over an expected glaring shortfall in direct taxes collection this fiscal, Revenue Secretary Hasmukh Adhia has written a blunt letter to the CBDT even as he sought "fixing responsibility" in the event the job remain

Revenue Secretary Hasmukh Adhia pulls up CBDT; seeks Income Tax dept’s accountability

Income Tax dept gets new tech tool to identify, kill duplicate PAN

After years of labour, the Income Tax department has finally got a new technology tool to check the menace of duplicate PAN cards which also allows the taxman to 'kill' the second one.

Income Tax dept gets new tech tool to identify, kill duplicate PAN

Income Tax Dept slaps Rs 29,000 cr tax demand notice on Cairn Energy

The Income Tax Department has slapped on UK's Cairn Energy plc a tax demand notice of over Rs 29,000 crore, including Rs 18,800 crore in back dated interest.

Income Tax Dept slaps Rs 29,000 cr tax demand notice on Cairn Energy

Fighting black money: I-T dept to mine PAN data, trace fund flow trail

‘Project Insight’ is to be implemented phase-wise during the 3-year period spanning 2016-18.

Fighting black money: I-T dept to mine PAN data, trace fund flow trail

IT to issue Rs 1,148cr refunds to small taxpayers by month-end

As per an official data accessed by PTI, the Central Board of Direct Taxes (CBDT) has asked the taxman to issue refunds in a total of 64,938 pending cases involving Rs 1,148.14 crore, by January 31.

IT to issue Rs 1,148cr refunds to small taxpayers by month-end

E-filing: Over 50 lakh ITRs e-verified by Income Tax dept

The Income Tax department's ambitious OTP-based ITR filing system for taxpayers has crossed the 50 lakh e-verification mark, while more than 39 lakh Aadhaar numbers have been successfully linked with the PAN database after th

E-filing: Over 50 lakh ITRs e-verified by Income Tax dept
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