During the investigation, the department said it has recovered a list of many high profile clients involved in tax evasion.
CBDT is the apex tax body on personal income tax and corporate tax. Section 138 of the Income Tax Act empowers income tax authorities to share information/ details of its taxpayers with other agencies
The issues that the administration came across while vetting the applications for the scheme included applicants reapplying in the name of family members despite being allotted a house earlier.
About 100 'benami' assets with links to retired govt officials unearthed after I-T raids in Bhopal: CBDT
The CBDT, the administrative body of the I-T department, said the "key person" of one of the groups raided used to run a bangles shop.
A Chinese man, who allegedly holds a fake Indian passport, is alleged to be the kingpin of the racket apart from few other nationals of that country.
The I-T department will reach out to these taxpayers through SMS or email and can submit a response online to the query of the tax department on the portal.
I-T department amends tax challan to include non-resident e-commerce suppliers for equalisation levy
Its first instalment is due on July 7.The 2 per cent tax would be levied on consideration received by such companies from e-commerce supply or services.
ICTAK, which is one of the partners of SDPK, plans to utilise the platform for remote learning. It has converted all its short-term programmes on future technologies to online mode.
In an order, the CBDT said the 15G and 15H forms submitted last fiscal will remain valid till June 30, 2020,
In the case of the telecom firm, the TDS default amounts to Rs 324 crore.
The CBDT frames policy for the I-T Department.
This means a software engineer hired for a project on a contract basis for say Rs 26,000 per month will get only Rs 19,500 per month.
Initially, 58,322 cases were selected for the faceless assessment. According to CBDT chairman PC Mody, so far only 100 cases were assessed and notices were sent to 48,000 people.
To optimise health services, the state government plans to share government hospital data with private parties which experts feel as a violation of patient-doctor confidentiality.
Five officials in Telangana and Andhra Pradesh, who were earlier forced to resign following charges of corruption, allegedly invested in several businesses under benami names.