Income

Govt extends deadline for filing tax audit report till October 7

Under the income tax act, those taxpayers who need to get their accounts audited by a chartered accountant are required to file the tax audit report with the I-T department by September 30.

published on : 1st October 2022

Big reshuffle in Income Tax department in Tamil Nadu

The new chief commissioner said his officers aim to achieve a target of Rs 31,495 crore in tax collections this financial year.

published on : 29th September 2022

India's data centre mkt to see USD 20 bn cumulative investment by 2025: CBRE 

Co-location DC means a specialist, standalone data centre facility typically operated by a third-party provider for multiple occupiers.

published on : 27th September 2022

Odisha logs 16 per cent revenue growth in first five months

Chief Secy asks departments to utilise project funds within scheduled time

published on : 27th September 2022

Income Tax official’s mummified body, who died during pandemic, found under family’s care in Kanpur

Sonkar died 18 months back owing to cardiac arrest during 2nd wave of the pandemic.

published on : 24th September 2022

Hyderabad Income Tax principal commissioner Vasundhara Sinha transferred to Mumbai

Vasundhara Sinha belongs to 1988 batch of the Indian Revenue Service.

published on : 20th September 2022

Economic Offences Wing busts IT refund scam in Bhubaneswar, arrests one

They said the accused owns several dubious firms/companies such as All India Transport Services, CKS Acoustics and GDS Associates.

published on : 14th September 2022

'Income Tax Department approval not required for warrant conversion by RRPR Holding': Adani Group

NDTV said RRPR Holding and the company has received a letter from Vishvapradhan Commercial Private Ltd (VCPL) informing that the Adani Group firm had approached the IT department on the issue.

published on : 10th September 2022

‘Internet shut, data seized’: Think tanks CPR, Oxfam recall I-T dept 'surveys'

The Ministry of Home Affairs denied Oxfam India its FCRA renewal licence in December 2021 at a time when it was conducting one of the largest civil society responses to the Covid crisis.

published on : 10th September 2022

After IT raids, Delhi-based think tank CPR says confident it has done nothing wrong

"We are committed to working with the authorities to address any questions they might have. We remain committed to our mission to provide rigorous research to policymaking in India," it said.

published on : 9th September 2022

Congress slams Centre over 'raids' against CPR, Oxfam India, IPSMF

The Income Tax department on Wednesday conducted raids and surveys in various states in separate cases related to alleged tax evasion, FCRA violations, and illicit funding.

published on : 8th September 2022

I-T raids at Rajasthan Home Minister Rajendra Yadav’s premises over alleged mid-day meals scam

Earlier, after toppling the Congress-Shiv Sena coalition government in Maharashtra, several party leaders including CM Gehlot had indicated that the next target of central agencies would be Rajasthan.

published on : 7th September 2022

I-T department conducts survey on Centre for Policy Research, Oxfam India in FCRA case probe

The exact reason for conducting the survey, where only business premises are covered by the taxman, was not known.

published on : 7th September 2022

I-T raids at premises linked to businessmen in Chhattisgarh; Congress takes dig at Centre

Chhattisgarh Chief Minister Bhupesh Baghel told reporters at the Raipur airport that he had already predicted raids by the Income Tax and the Enforcement Directorate.

published on : 7th September 2022

I-T department conducts pan-India raids against unrecognised political parties, linked funding

A coordinated action has been launched by the tax department against the RUPPs, their linked entities, operators and others, the sources said.

published on : 7th September 2022

Moody’s retains India rating with stable outlook

It sees India’s debt burden stabilising around 80% of the GDP, which is still higher than similarly-rated countries.

published on : 7th September 2022

Over 1.55 lakh updated income tax retrurns filed in May-September

Finance Act 2022 introduced a new provision for filing Updated Income Tax Returns under section 139 (8A) of the Income-tax Act, 1961.

published on : 4th September 2022

I-T department nod not needed for Adani to acquire NDTV shares

Sharing similar views, Sudit K Parekh & Co LLP Partner Anita Basrur said Section 281 applies when there is a transfer of an asset or when a charge is created on an asset.

published on : 4th September 2022

Naveen releases Rs 869 crore KALIA aid to farmers

Stating that he is always with the farmers, Chief Minister Naveen Patnaik assured them that they will be provided compensation for crop damage in the recent floods as early as possible.

published on : 2nd September 2022

India can have USD 10000 per capita income by 2047: Bibek Debroy

India currently has per capita income of USD 2,000 and is categorised as a lower middle-income country.

published on : 31st August 2022
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