IT department

Faceless tax assessment to eliminate corruption in tax department: MoS Finance Anurag Thakur

Thakur said that infrastructure investment of over Rs 100 lakh crore will be needed for achieving the USD 5 trillion GDP mark.

published on : 12th September 2019

Hurry up! Just one day left to file your income tax returns 

The I-T department has issued a notification clarifying that the circular going viral on social media -- stating that the deadline has been extended to September 30 -- is not genuine.

published on : 30th August 2019

Government clarifies on FPI surcharge, experts say benefits limited

Tax experts said that the clarification has watered down the expected benefits of the government announcement and can make return-filing very complicated.

published on : 24th August 2019

Income Tax department to adopt 'taxpayer-friendly' approach

Sitharaman on Saturday asked the I-T Department to bridge the communication gap between tax officials and the assessees and sought a change in mindset amid allegations of 'tax terrorism'. 

published on : 19th August 2019

Telangana Secretariat functions from two places

On Tuesday, IT Department Principal Secretary Jayesh Ranjan too shifted his office to BRK Bhavan and held the first meeting with representatives of Japanese companies.

published on : 14th August 2019

Beware! Don't fall prey to fraudulent I-T returns emails and messages

Generally, the emails sent by the I-T department are system generated and you are not required to respond to the emails.

published on : 28th June 2019

AIADMK MP briefly stopped at Chennai airport for carrying Rs 25 lakh in cash 

The parliamentarian, V Elumalai of the AIADMK, is seeking re-election from his Arani Lok Sabha seat.

published on : 17th May 2019

I-T Department files 11 charge sheets against aviation lobbyist Deepak Talwar 

While six are fresh complaints, the rest are supplementary charge sheets to the main complaints filed in 2017 by the department against him.

published on : 14th May 2019

Fall in ITRs in 2018-19 due to inclusion of past financial year's return filings: I-T department

CBDT in a statement clarified that the returns filed included those of previous assessment years, excluding which returns filed in 2018-19 showed an almost 19 per cent rise.

published on : 7th May 2019

50,000 accounts under lens for dubious transactions during demonetisation

The official told TNIE that during preliminary enquiry, none from the list gave satisfactory explanations for the high-value transactions.

published on : 23rd April 2019

IPL betting racket: IT department searches lead to Rs 100 crore unaccounted transactions

Police investigations into the racket have pointed towards possibility of the IPL betting racket being worth Rs 500 crores.

published on : 23rd April 2019

ACP to probe I-T dept's complaint against Karnataka CM, others

Police said the assistant commissioner of police (ACP) of Banasawadi sub-division has been assigned to probe the matter based on the complaint by Balakrishnan.

published on : 10th April 2019

IT department ropes in CRPF during searches against people linked to Nath

Sources said a team of the local police was seen deployed about 200 metres from Kakkad's house during the raid.

published on : 7th April 2019

TDB diverts Rs150 crore from EPF to purchase bonds

As many as 58 fixed deposits having a maturity value of `152.18 crore were closed prematurely for purchasing the bonds on March 28 last year.

published on : 10th March 2019

Pilgrims turn out to be I-T department sleuths in MP

At a time when tax evaders are using newer ways to stash black money, the Income Tax department too is finding novel ways to swoop in on them.

published on : 22nd February 2019
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