Nov 19, 2021 04:05 PM IST
The searches were carried out at twenty-four premises in Kolkata, Assam, Meghalaya and Delhi on November 16, CBDT said.
- Nov 14, 2021 03:35 PM IST
The I-T department had last month expanded the list of high-value financial transactions, which would be available to taxpayers in their Form 26AS by including details of mutual fund (MF) purchases, foreign remittances, as well as information in ITRs of other taxpayers.
- Nov 06, 2021 12:34 PM IST
The department raided the headquarters of the bank and the residence of its chairman and a director on October 27, CBDT said.
- Oct 27, 2021 07:33 PM IST
The amount includes a tax refund of Rs 6657.40 crore to over 46 lakh taxpayers, pertaining to assessment year 2021-22, the Income Tax department said.
- Oct 25, 2021 05:37 PM IST
Pratap Singh, a resident of Amar Colony in the Bakalpur area, submitted a complaint at the Highway police station, claiming fraud, after he received the notice from the IT department.
- Oct 17, 2021 03:53 PM IST
The IT dept's first group -- engaged in digital marketing and campaign management -- carried search operations at 7 premises located in Bengaluru, Surat, Chandigarh, and Mohali. While the second group was engaged in solid waste management which looked into comprising solid waste collection, transportation, processing and disposal services, primarily catering to Indian municipalities.
- Oct 14, 2021 06:19 PM IST
Asking taxpayers to file their income tax returns (ITRs) for fiscal 2020-21 (April 2020-March 2021) at the earliest, the Central Board of Direct Taxes (CBDT) said all ITRs have been made available for e-filing.
- Oct 12, 2021 06:34 PM IST
'Investigation found that one of the groups has booked bogus sub-contract expenses in the name of about 40 individuals of no means and unconnected to the construction business,' the Central Board of Direct Taxes, the policy-making body for the tax department, said in a statement.
- Oct 10, 2021 01:15 PM IST
The CBDT said the group engaged in the business of chit fund was running an unauthorised business and all the investments and payouts of more than Rs 400 crore in the last few years were done entirely in cash.
- Oct 09, 2021 09:53 PM IST
Queried on the IT raids on firms linked to the kin of Maharashtra Deputy Chief Minister Ajit Pawar and some real estate companies in Pune on Thursday, Fadnavis said the action was not against any one family but against directors of sugar factories.
- Oct 04, 2021 07:14 PM IST
Several incriminating documents, loose sheets, diaries, emails and other digital evidence have been unearthed which indicates ownership of a large number of foreign bank accounts and immovable properties, unreported to the department, it said in a statement.
- Oct 02, 2021 02:31 PM IST
"Documents reveal unaccounted income of more than Rs 200 crore in the hands of the real estate group and also unaccounted income of more than Rs 200 crore in the hands of the parties recorded in the documents found from the possession of the brokers."
- Oct 01, 2021 10:58 PM IST
Deputy Commissioner of Income Tax (DCIT) has raised a demand for the assessment year 2018-19, Grasim Industries said in a regulatory filing.
- Sep 25, 2021 06:27 PM IST
Transfer pricing implies the prices at which various overseas divisions of a company transact with each other.
- Sep 15, 2021 04:41 PM IST
The IT department officials were conducting the survey at his residence since the morning.
- Sep 12, 2021 03:51 PM IST
Personal income tax refunds of Rs 16,753 crore have been issued in over 24.70 lakh cases and corporate tax refund of Rs 53,367 crore have been issued in 1.38 lakh cases.
- Sep 04, 2021 05:30 PM IST
'CBDT issues refunds of over Rs 67,401 crore to more than 23.99 lakh taxpayers between 1st April, 2021 to 30th August, 2021,' the I-T department tweeted.
- Aug 28, 2021 04:03 PM IST
The group is a prominent steel manufacturer and trader of Pune, Nashik, Ahmednagar and Goa, the ministry statement said.
- Aug 14, 2021 03:17 PM IST
The IT department has extended the last date for filing ITR for last financial year till September 30, 2021, from July 31 to give taxpayers compliance relief during the pandemic.
- Aug 03, 2021 07:40 PM IST
Tax-payers filing returns in August complain of erroneous late-filing penalty demand on the newly-minted, glitch-ridden income tax portal
- Jul 13, 2021 09:30 PM IST
'Overall, the survey has resulted in detection of concealment of income to the tune of Rs 880 crore spread over various assessment years,' the CBDT said in a statement issued here.
- Jul 08, 2021 02:56 PM IST
Of this, personal income tax refund stood at Rs 10,408 crore, while that of corporates was Rs 26,642 crore.
- Jul 04, 2021 02:36 PM IST
The I-T department has introduced a provision relating to Tax Deducted at Source (TDS) from July 1, 2021, which would be applicable to businesses with turnover of over Rs 10 crore.
- Jun 15, 2021 10:05 PM IST
The department has taken away the tag of the PFI being a charitable institution as defined under section 12A read with section 12AA of the Income Tax Act and also under section 80G under the same law.
- Jun 08, 2021 04:16 PM IST
The income-tax department treats HUF as a separate assessee.