May 01, 2021 02:59 PM IST
The government has extended timelines of certain compliances, to mitigate the difficulties faced by taxpayers due to the ongoing COVID-19 pandemic, a circular from the CBDT said.
- Oct 19, 2020 11:51 AM IST
I-T Department, SEBI also involved in the probe. Syndicate of share brokers and entry operators said to be behind these dealings. I-T Dept searches 22 brokerage houses in major cities. West Bengal said to be the hub. Department submits an initial report to SEBI for further investigations
- Feb 06, 2020 12:23 PM IST
Sources said work has already begun on implementing the changes in the next few months itself.
- Jan 29, 2020 09:30 AM IST
Sales value of the unreported transactions was computed at Rs 99,000 crore, while value of the under-reported transactions exceed Rs 4 lakh crore
- Dec 05, 2019 10:55 AM IST
Searches were conducted in Kolkata, Mumbai, Hyderabad, Delhi, Ahmedabad and Jaipur after the I-T intelligence and criminal cell detected illiquid option trades
- Apr 02, 2019 09:55 PM IST
Corporate tax collection during 2018-19 totalled Rs 662,748 crore while income tax amounted to Rs 442,170 crore. STT collection was 11,527 crores, latest data until April 1 showed.
- Dec 28, 2018 04:58 PM IST
The value of assets seized during the past two financial year is Rs 1,469.62 crore in 2016-17 and Rs 992.52 crore in 2017-18.
- Dec 09, 2017 11:46 AM IST
The export of software services excluding the one through commercial presence was $ 88 billion in 2015-16
- Mar 29, 2017 08:25 PM IST
Admitting that Aadhaar was a "great initiative" of the previous UPA government, Finance Minister Arun Jaitley today said it was being expanded by making it mandatory for direct benefit transfer of subsidy and checking of tax evasion.
- Mar 23, 2017 09:08 PM IST
According to officials, the declarants want more time to submit the money they declared under the scheme.
- Feb 16, 2017 04:52 PM IST
Under 'Operation Clean Money', the I-T department had sent SMS and e-mails to 18 lakh people, who according to its data analysis had made suspicious deposits of over Rs 5 lakh during the 50-day window provided to get rid of old 500 and 1,000 rupee notes following the demonetisation decision announced on November 8.
- Feb 04, 2017 04:08 PM IST
The tax department said the levy of long-term capital gains tax on share transfer in unlisted companies is an anti-abuse measure.
- Feb 03, 2017 04:21 PM IST
After the government banned high value notes on November 8, some individuals got rid of their undisclosed income by repaying long pending dues to government agencies, banks and NBFCs.
- Dec 27, 2016 09:14 PM IST
ED has informed the I-T
department and shared relevant documents with regard to its
detection of cash deposits totalling over Rs 104 crore in an
account of the BSP and another Rs 1.43 crore in an account
belonging to Mayawati's brother Anand in a bank branch here.
- Dec 22, 2016 10:00 PM IST
Income Tax officials today claimed
that former Tamil Nadu Chief Secretary P Rama Mohana Rao's son
has "admitted to a total unaccounted income of about Rs 17
crore", a day after I-T raids were carried out at the top
bureaucrat's house, office and other premises linked to his
kin in connection with a tax evasion probe.
- Dec 08, 2016 01:53 PM IST
The income tax (I-T) department has directed airlines to submit transaction details including names of passengers for the period November 8 to December 2, reports CNBC-TV18.
- Nov 11, 2016 08:29 AM IST
Soon after the ban was announced, many people rushed to buy bullion and jewellery to dispose their Rs 500 and Rs 1000 notes. Jewellery stores in leading gold markets of Delhi, Mumbai and Ahmedabad are said to have done brisk business till the early hours of Wednesday.
- Nov 20, 2015 09:07 PM IST
British telecom major Vodafone has approached the Indian government for a conciliation in its Rs 20,000-crore tax dispute
- Jul 21, 2015 03:33 PM IST
The Income Tax department has launched a e-filing link on its official website for declaring illegal foreign assets and black money using the one-time compliance window notified recently by government.
- Jul 01, 2015 10:04 PM IST
The tax department, yesterday, made fully operational its e-filing website for taxpayers to file their I-T returns for assessment year 2015-16.
- Feb 10, 2015 12:39 PM IST
According to sources, revenue may take a hit of about Rs 15,000 crore if the I-T exemption limit is raised by Rs 50,000. Even a raise in exemption limit up to Rs 10,000, can cost around Rs 3000 crore.
- Jan 07, 2015 10:26 PM IST
I-T infrastructure and data centre services provider Netmagic, majority owned by Japanese I-T giant NTT Communications, is confident of meeting some optimistic growth targets in 2015. What's more, with business looking up, Netmagic's Japanese parent could also increase its investment into the company, reports CNBC-TV18's Kritika Saxena.
- Dec 10, 2014 04:00 PM IST
This transfer pricing dispute arose from transactions involving Vodafone in 2007-08. The I-T department had red flagged the sale of call centre business to Hutchison Whampoa Properties India and the assignment of Call Options.
- Mar 12, 2014 09:30 PM IST
The Income Tax officials carried out the search at the registered office and some factories and also the residence of the whole-time directors of the company from March 11 till the early morning hours of today, the filing added.
- Oct 14, 2013 10:00 AM IST
The income tax department's surveyed Dishman Pharma's premises over the weekend for taxation issues in a Rs 42 crore land deal involving Dishman SEZ and Dishman Pharma.