It Department

Officers have also been granted access to data tools developed by the Centre for Development of Advanced Computing (CDAC), allowing them to explore hidden corners of the internet often frequented by tax evaders.

Income Tax raids at popular biryani joint Meghana Foods in Bengaluru

Raids are being carried out at Koramangala, Jayanagar and Indiranagar outlets by Karnataka and Goa IT teams on suspicion of purported tax evasion.

Gloves are off between BJP & BJD following IT raids and massive cash haul

After years of going soft on BJD, there is a marked difference in how the Odisha BJP unit is targetting the ruling party over the huge cash haul from IT raids on liquor firms. BJD’s claims of innocence are finding no takers given the party’s long stewardship of the state during which the raided firm, Baldev Sahu & Sons, had a virtual monopoly

Tax sleuths raid G-Square properties across 50 locations in Tamil Nadu

The raids are being conducted in more than 50 places linked to G Square realtors, as per the reports.

Income Tax department investigates Cipla for potential tax violations

The department had carried out a survey action against the company on January 31.

I-T dept conducts survey action against Cipla

The department is conducting the surprise action to check the balance sheets and other business documents of the Mumbai headquartered company as part of an alleged tax evasion investigation

West Bengal: I-T department detects Rs 250 crore 'black' income after raids on business group

The group deals with manufacturing of power transmission & distribution (T&D) structure

IT raids Jharkhand hotel in search of Partha aide

The person, however, reportedly left the hotel hours before the I-T team arrived on Friday.

FY22 ITR filing: About 34 lakh returns filed till 4pm on last day

The deadline for filing I-T returns, by those taxpayers who do not have to get their accounts audited for the fiscal ended on March 31, 2022, is July 31.

I-T department relaxes time till February 22 for taxpayers to complete verification of FY'20 ITRs

As per law, an income tax return (ITR), filed electronically without a digital signature, has to be verified electronically through Aadhaar OTP, or net-banking, or code sent through demat account, pre-validated bank account and ATM within 120 days of filing the return.

IT department detects hidden Rs 500 crore transactions after raids on Gujarat group

The searches were launched on November 23 at thirty premises of the unidentified group in Ahmedabad and Mumbai.

IT department detects Rs 400 crore black income after raids on two Delhi-NCR realty groups

The unidentified groups engaged in construction of commercial and residential projects were searched on November 17.

Over 2.38 crore ITRs for FY21 filed: I-T department

Of this, over 1.68 crore income tax returns (ITRs) have been been processed, while refunds have been issued in more than 64 lakh cases.

Pandora Papers | I-T department broadens scope of questioning: Report

Besides disclosure of foreign asset ownership, the people under scrutiny are asked to disclose the details of bank accounts that were closed, firms dissolved and directorships in overseas firms, tax residency status over the past 16 years and other details.

I-T department enables tax audit utility form for FY'20, FY'21

Under the I-T Act, taxpayers are required to get their accounts audited if the sales, turnover or gross receipts of business exceed Rs 10 crore, while in case of professionals, the limit was over Rs 50 lakh in 2020-21 (AY 2021-22).

UP e-rickshaw driver receives Rs 3.47-crore tax notice

Someone has taken a GST number against his PAN card and is running a business which had a turnover of Rs 43.4 crore in 2018-19.

IT department detects Rs 184 crore black money after raids on Mumbai realtor, linked entities

The searches were launched on October 7 at 70 premises in Mumbai, Pune, Baramati, Goa and Jaipur, the Central Board of Direct Taxes (CBDT), the policy making body for the tax department, said in a statement.

I-T raids in Mumbai: Search, survey operations against various mid-sized real estate players

As per the report, investigations is underway for alleged unaccounted income.

IT department widens probe against actor Sonu Sood; searches multiple premises

Certain documents have been found during searches that point to the fact that Sonu Sood had violated FCRA by receiving foreign funds. Large amounts of “foreign contributions were found to be spent for other means”.

IT dept 'surveys' news websites Newsclick and Newslaundry in tax case, say officials

They said the operations are being conducted to verify certain tax payment details and remittances made by the organisations.

I-T department notifies cost inflation index for FY22 for computing long-term capital gains

The cost inflation index (CII) is used by taxpayer to compute gains arising out of sale of capital assets after adjusting inflation. The Central Board of Direct Taxes (CBDT) on June 15 notified the cost inflation index for the current fiscal (2021-22).

IT Department to launch new e-filing portal for taxpayers on June 7

An order issued by the systems wing of the department on Wednesday said the "transition" from the old portal -- www.incometaxindiaefiling.gov.in -- to the new --www.incometaxgov.in -- will be completed and made operational from June 7.

Interest on tax refund not received? This may be the reason

If ITR has been furnished by the assessee on or before the due date, the interest shall be payable from April 1 of the Assessment Year to the date on which the refund is granted.

IT department detects Rs 220 crore black income after raids on Tamil Nadu-based tiles manufacturer

The CBDT said in a statement that Rs 8.30 crore cash was seized during the raids on the group engaged in the business of manufacture and sale of tiles and sanitaryware. The group is the "leader" in tiles business in south India.

With two days to deadline, here's how to link your PAN and Aadhaar

To link these two identity cards (PAN and Aadhaar), all you need to do is head to the Income Tax department's e-filing website.