• Tag results for Income Tax Department

TRS MP Ponguleti Srinivasa Reddy’s properties searched

The I-T sleuths were reportedly acting on suspicious transactions found in Reddy’s business operations.

published on : 19th September 2018

National Herald Case: Manmohan Singh 'complicit', says BJP

BJP spokesman Sambit Patra said in fact, time has come for Rahul Gandhi to "surrender" before the country and explain why after so much of defalcation "you can give a call for Bharat Bandh".

published on : 10th September 2018

Minister C Vijaya Baskar’s father denies I-T charge on unaccounted cash

DMK president MK Stalin on Saturday demanded that Health Minister C Vijaya Basker immediately step down following his father’s reported submission before the IT department.

published on : 2nd September 2018

I-T department moots doing away with mandatory quoting of father's name in PAN application

According to a draft notification, where the mother of a PAN applicant is a single parent, the individual would have to mention only the name of the mother.

published on : 31st August 2018

Royal family’s Palace Grounds land is taxable: Karnataka High Court

The Karnataka High Court on Thursday upheld the contention of the Income Tax Department that the land in custody of Mysuru royal family at Palace Grounds in the city were chargeable with wealth tax.

published on : 31st August 2018

Income Tax officers quiz Cardinal George Alencherry over Kerala Church land scam

The I-T unit is investigating suspected tax evasion, with raids held in June at the offices and residences of the people involved in the church land deal.

published on : 10th August 2018

IT Department detects undisclosed income of Rs. 125 crore under Foreign Account Compliance Act

Post verification of around 9000 cases, the Directorate General of Intelligence and Criminal Investigation and Department of Income Tax detected this undisclosed income.

published on : 2nd August 2018

'File all NCLT petitions on shell firms by August: CBDT to IT dept'

In several cases of such companies, petitions for restoration of registration are required to be filed before the NCLT so as to be able to pursue recovery of demands raised in their cases.

published on : 29th July 2018

Order of attachment by I-T department cannot affect sale by liquidator: High Court

The bench held that the I-T department cannot claim any priority because of the fact that the order of attachment issued by it was prior to the initiation of liquidation proceedings under the code.

published on : 29th July 2018

Benami properties worth Rs 4,300 crore attached by Income Tax department: Government

The Benami Transaction (Prohibition) Amendment Act, 2016, seeks to prohibit the benami transaction irrespective of the method by which such property, both movable and immovable, is acquired.

published on : 24th July 2018

Income Tax department hikes collection target by 22 per cent

The undisclosed income admitted by taxpayers on account of searches in 2017-2018 was Rs 1,166.97 crore and in the present year, it is Rs 285.7 crore. 

published on : 24th July 2018

I-T officials may boycott work from August 1 

Income Tax Department employees have threatened to stop taking part in surveys or checks from August 1.

published on : 24th July 2018

Tax obligations in Flipkart acquisition will be fulfilled: Walmart tells I-T dept

In May, the I-T department had written to Bentonville-Arkansas-based Walmart, saying that the US company can seek guidance about the tax liability under Section 195 (2) of the I-T Act.

published on : 13th July 2018

Curb high-pitched assessments; take action against erring assessing officers: CBDT to I-T department

CBDT Chairperson Sushil Chandra, in a recent three-page directive to all regional ITD chiefs, expressed disappointment that a special drive launched in this regard in 2015 had failed.

published on : 8th July 2018

I-T department knocks civil supplies’ door as ICDS supplier probed

I-T department sources said the probe was related to evasion of tax by floating a large number of shell companies.

published on : 6th July 2018
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