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  • Income Tax Department extends deadline for filing declarations under VsV scheme till March 31 Feb 26, 2021 11:02 PM IST

    Income Tax Department extends deadline for filing declarations under VsV scheme till March 31

    The last date for filing declaration under VsV scheme was February 28, while for paying the disputed tax the date is March 31.

  • I-T refunds worth over Rs 1.95 lakh crore issued so far this fiscal Feb 24, 2021 05:44 PM IST

    I-T refunds worth over Rs 1.95 lakh crore issued so far this fiscal

    Of this, personal income tax refunds of Rs 69,653 crore have been issued to over 1.90 crore taxpayers and corporate tax refunds of Rs 1.26 lakh crore have been issued in 2.17 lakh cases.

  • I-T raids on Kolkata group leads to over Rs 300-crore black money Feb 01, 2021 08:07 PM IST

    I-T raids on Kolkata group leads to over Rs 300-crore black money

    CBDT said the action 'resulted in unearthing of incriminating evidence revealing various shell or paper entities being used for raising bogus share capital and un-secured loans'.

  • I-T detects Rs 1,400-crore black transactions after raids on jewellery, realty groups in Jaipur Jan 21, 2021 10:26 PM IST

    I-T detects Rs 1,400-crore black transactions after raids on jewellery, realty groups in Jaipur

    The statement said tax sleuths are working to crack the alpha-numeric secret codes mentioned on each item to find the actual sale price embedded on them.

  • I-T department detects Rs 450-crore black money after raids in Kolkata Jan 15, 2021 09:25 PM IST

    I-T department detects Rs 450-crore black money after raids in Kolkata

    'The search and seizure operation has resulted in unearthing of incriminating documents of undisclosed cash sales and claim of bogus expenses,' it said.

  • Over 5.08 crore ITRs for 2019-20 filed till January 5 Jan 06, 2021 08:07 PM IST

    Over 5.08 crore ITRs for 2019-20 filed till January 5

    The government has extended the ITR filing deadline for individuals till January 10, and for companies till February 15.

  • Income Tax officials reach Robert Vadra’s residence to record statement in benami properties case Jan 04, 2021 02:57 PM IST

    Income Tax officials reach Robert Vadra’s residence to record statement in benami properties case

    I-T department officials have clarified that no raids were conducted at Robert Vadra's residence.

  • Over 4.15 crore ITRs for fiscal 2019-20 filed till December 26 Dec 27, 2020 06:44 PM IST

    Over 4.15 crore ITRs for fiscal 2019-20 filed till December 26

    As the deadline to file ITR by individuals nears, the tax department also urged people to file their ITR for assessment year (AY) 2020-21 early to avoid last minute rush.

  • Tax refunds worth Rs 1.48 lakh crore issued so far this fiscal: Income Tax Department Dec 16, 2020 06:56 PM IST

    Tax refunds worth Rs 1.48 lakh crore issued so far this fiscal: Income Tax Department

    Of the 1.48 lakh crores, personal income tax refunds worth Rs 45,264 crore and corporate tax refunds of Rs 1.03 lakh crore have been issued.

  • I-T Department detects over Rs 700 crore tax evasion after raids against Chennai's Chettinad Group Dec 15, 2020 06:23 PM IST

    I-T Department detects over Rs 700 crore tax evasion after raids against Chennai's Chettinad Group

    The statement claimed that tax sleuths also detected documents related to possession of "foreign assets to the extent of Rs 110 crore in the form of fixed deposits, which were not disclosed in the return (income tax return) and will attract action under the Black Money Act".

  • Madras HC quashes Income Tax proceedings against Karti Chidambaram and his wife Dec 12, 2020 08:08 PM IST

    Madras HC quashes Income Tax proceedings against Karti Chidambaram and his wife

    The Court, while ruling that the action is "not maintainable and premature", clarified that proceedings may be initiated again if the authority concerned deemed the same is required after proper assessment.

  • I-T Dept allows revision of declarations filed under 'Vivad Se Vishwas' scheme Dec 06, 2020 03:14 PM IST

    I-T Dept allows revision of declarations filed under 'Vivad Se Vishwas' scheme

    Issuing a set of FAQs on 'Vivad Se Vishwas' scheme, the Central Board of Direct Taxes (CBDT) also said the scheme cannot be availed in a case where proceedings are pending before Income Tax Settlement Commission (ITSC) or where writ has been filed against the order of ITSC.

  • I-T detects Rs 1,000 crore black money after raids on Chennai info tech infra group Nov 07, 2020 08:09 PM IST

    I-T detects Rs 1,000 crore black money after raids on Chennai info tech infra group

    "The shareholding of this company is held by two companies, one owned by the group searched while the other company is a subsidiary of a major infrastructure development and financing group,” the CBDT said.

  • I-T refunds worth over Rs 1.25 lakh crore issued in FY21 to 38.23 lakh taxpayers until October 20 Oct 21, 2020 10:45 PM IST

    I-T refunds worth over Rs 1.25 lakh crore issued in FY21 to 38.23 lakh taxpayers until October 20

    This include personal income tax (PIT) refunds amounting to Rs 33,870 crore and corporate tax refunds amounting to Rs 91,599 crore during this period.

  • Revenue Department unearths Rs 8,200-crore tax evasion, illiquid options trading scam on BSE Oct 19, 2020 11:51 AM IST

    Revenue Department unearths Rs 8,200-crore tax evasion, illiquid options trading scam on BSE

    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

  • Income Tax Department raids Chandigarh advocate who took Rs 217-crore cash from client Oct 15, 2020 10:31 PM IST

    Income Tax Department raids Chandigarh advocate who took Rs 217-crore cash from client

    Cash amounting to Rs 5.5 crore has been seized during the searches carried out against the advocate practising in the field of commercial arbitration and alternate dispute resolution, the CBDT said in a statement.

  • I-T refunds worth Rs 1.18 lakh crore issued to 33.54 lakh taxpayers till September 29 Sep 30, 2020 05:04 PM IST

    I-T refunds worth Rs 1.18 lakh crore issued to 33.54 lakh taxpayers till September 29

    The government has emphasised on providing tax-related services to the taxpayers without any hassles during COVID-19 pandemic and to that end has been clearing up pending tax refunds.

  • Sharad Pawar gets Income Tax notice over poll affidavits Sep 22, 2020 04:20 PM IST

    Sharad Pawar gets Income Tax notice over poll affidavits

    Pawar also made light of reports about moves for imposing the President's rule in Maharashtra.

  • Total tax collection plunges 22.5% to Rs 2.54 lakh crore so far this fiscal Sep 16, 2020 10:37 PM IST

    Total tax collection plunges 22.5% to Rs 2.54 lakh crore so far this fiscal

    Reflecting the tepid recovery in the overall economy after lifting of national lockdow..

  • Tax refunds worth over Rs 1.06 lakh crore issued to 30.92 lakh taxpayers till September 15: CBDT Sep 16, 2020 07:41 PM IST

    Tax refunds worth over Rs 1.06 lakh crore issued to 30.92 lakh taxpayers till September 15: CBDT

    The tax refunds includes personal income tax (PIT) refunds amounting to Rs 31,741 crore issued to 29.17 lakh taxpayers and corporate tax refunds worth Rs 74,729 crore to over 1.74 lakh taxpayers.

  • Big Story | I-T Department fast-tracks tax refund process; Rs 98,625 crore paid to 26.2 lakh taxpayers Sep 03, 2020 07:28 PM IST

    Big Story | I-T Department fast-tracks tax refund process; Rs 98,625 crore paid to 26.2 lakh taxpayers

    The I-T Department has issued tax refunds at a speed of 76 cases per minute between April and June and continued the momentum well into September

  • I-T refunds worth Rs 98,625 crore issued to 26.2 lakh taxpayers in 5 months Sep 02, 2020 08:51 PM IST

    I-T refunds worth Rs 98,625 crore issued to 26.2 lakh taxpayers in 5 months

    This include personal income tax (PIT) refunds amounting to Rs 29,997 crore issued to 24.50 lakh taxpayers and corporate tax refunds amounting to Rs 68,628 crore issued to over 1.68 lakh taxpayers during this period.

  • SC refuses to stay criminal proceedings against D K Shivakumar in tax evasion case Aug 27, 2020 07:50 PM IST

    SC refuses to stay criminal proceedings against D K Shivakumar in tax evasion case

    The I-T Department had filed a complaint against Shivakumar and others after it conducted a search in August 2017 under the provisions of Income Tax Act as well as Indian Penal Code.

  • I-T refunds of Rs 95,853 crore issued to 25.55 lakh taxpayers this fiscal Aug 27, 2020 07:10 AM IST

    I-T refunds of Rs 95,853 crore issued to 25.55 lakh taxpayers this fiscal

    This include personal income tax refunds amounting to Rs 29,361 crore issued to 23.91 lakh taxpayers and corporate tax refunds amounting to Rs 66,493 crore to over 1.63 lakh taxpayers during this period.

  • Income Tax refunds worth Rs 88,652 crore issued to 24.64 lakh taxpayers Aug 21, 2020 10:41 AM IST

    Income Tax refunds worth Rs 88,652 crore issued to 24.64 lakh taxpayers

    Corporate tax refunds amounting to Rs 60,472 crore were issued to over 1.58 lakh taxpayers this fiscal, the Income Tax Department said.

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