Page 15 of income tax department

NDTV says share transfer needs I-T dept nod, Adani rejects claim

RRPRH also asked VCPL, an indirect subsidiary of Adani Enterprises through which the group had exercised rights to acquire a…

September 2, 2022 01:05 IST

tax on IT employees working on projects outside India

Falling rupee: Extra income by IT sector employees working on projects outside India is taxed – Here’s how

Income Tax Rule For IT Sector Employees Working On Foreign Projects: Extra earnings due to falling rupee will be taxed…

Updated: August 27, 2022 12:25 IST

Income Tax raid on two business groups in Tamil Nadu

The search operation on July 20 covered more than 30 premises located in and around Madurai and Chennai, the department…

July 29, 2022 02:00 IST

I-T searches agro and textile firm in Mumbai

Unaccounted cash of Rs 1.4 crore has been seized during the search operation.

July 27, 2022 01:30 IST

Tax Talk | Cash withdrawals: File ITR 2 or 3 to claim TDS

An assessee cannot claim credit for TDS on large cash withdrawals under Section 194N in Form ITR 1 even if…

July 13, 2022 01:00 IST

The company recorded a whopping sale of 350 crore Dolo tablets after Covid broke out in early 2020 till January 2022.

Income tax raids on Dolo-650 maker Micro Labs for alleged tax evasion

The simultaneous search and survey operations were underway at a number of locations in the country including residence of Micro…

July 7, 2022 01:15 IST

During the search operations, various incriminating documentary and digital evidence have been seized.

IT raids on MGM Group for over Rs 400-cr evasion

The tax department carried out search and seizure operations on June 15, 2022, on the industrial group at more than…

June 21, 2022 05:15 IST

Income Tax department issues revised instruction on action against officers for high-pitched assessments

In 2015, the Central Board of Direct Taxes (CBDT) had provided for the constitution of ‘local committees to deal with…

June 16, 2022 19:30 IST

Income Tax dept searches Embassy Group premises

The residences of key officials of the Embassy Group are also being searched.

June 2, 2022 06:20 IST

Over 22% of verified ITRs processed on same day, Rs 2.24 lakh cr refunds issued in FY22

The ministry said that during 2021-22, over 5.70 crore income tax returns (ITRs) were processed.

April 8, 2022 20:06 IST

Hero MotoCorp share price tanks 6% after Income Tax Department finds irregularities; what should investors do?

Hero MotoCorp stock plunged 6.32 per cent to Rs 2,151.60 on the BSE after the I-T Dept in its probe…

Updated: April 1, 2022 15:19 IST

Hero MotoCorp lands in fresh I-T storm

Apart from the auto manufacturer, the IT department conducted searches on a company operating chartered flights and real estate groups.…

April 1, 2022 10:08 IST

I-T detects Rs 1,000-crore bogus expenses by Hero MotoCorp

Auto major dismisses `speculative’ reports after stock slumps 7 per cent.

March 30, 2022 09:51 IST

ITR filing up 3% at 66.3 million till March 15

On March 15, which was the due date for filing of ITRs by companies and other taxpayers who were required…

March 17, 2022 01:26 IST

"CBDT issues refunds of over Rs. 1,82,995 crore to more than 2.07 crore taxpayers from 1st Apr,2021 to 21st Feb,2022," the I-T department tweeted.

I-T refunds worth about Rs 1.83 lakh cr issued to 2.07 cr taxpayers so far this fiscal

This includes 1.67 crore refunds of the 2020-21 fiscal ended March 31, 2021, amounting to Rs 33,818.97 crore.

February 24, 2022 19:34 IST

Income Tax Return: Taxpayers can update ITRs only once in an assessment year, says official

CBDT Chairman J B Mohapatra said the intent of this provision is to help people who have genuinely missed out…

February 9, 2022 17:32 IST

Around 6.17 crore ITRs, 19 lakh audit reports filed on new I-T portal, says CBDT

The government had in January extended till March 15 the deadline for corporates to file income tax returns for the…

February 7, 2022 18:23 IST

The move was made after it was found that ULIPs were being preferred by investors for investment purposes as compared to insurance. (File)

Taxation of ULIP proceeds to create ‘level-playing field’ with MFs, says Income Tax Department

I-T sources said the rules and guidelines were notified by the CBDT to give effect to the announcement made with…

January 24, 2022 21:38 IST

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Coal ministry reviews 15% VGF cap for gasification projects

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Coal ministry reviews 15% clause in viability gap funding for coal gasification projects, considering changes in funding model. Three categories of projects receive grants up to Rs 1,350 crore, Rs 1,000 crore, and Rs 100 crore respectively. Cross-ministry collaboration for by-product utilization being discussed. Ministry promoting gasification with Rs 8,500 crore incentive scheme.

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