Income Tax department

CBDT asks tax officers to not issue reassessment notices for 3 years till FY15

Central Board of Direct Taxes (CBDT) asked tax officers to give taxpayers two weeks' time to respond to such notices, which can be further extended at taxpayers' request in genuine cases.

published on : 12th May 2022

I-T dept claims Hero Motocorp made bogus expenses of Rs 900 crore

Expenditure aggregating to more than Rs 800 crore has been booked in the guise of purchase of services from a specific event management entity.

published on : 1st April 2022

I-T department detects multiple irregularities after raids on Hero Motocorp, others

The raids were launched on March 23, and the country's largest two-wheeler maker had then said it was extending full cooperation to the tax authorities.

published on : 31st March 2022

PAN to become inoperative after March 2023 if not linked to Aadhaar

CBDT, which is the apex decision making body on direct taxes, has extended the deadline for linking PAN with Aadhaar many times and the last date now is March 31, 2022.

published on : 30th March 2022

Hero MotoCorp denies Income Tax report of Rs 1000 crore bogus expenses

A large number of incriminating evidence is reported to have been seized by the I-T Dept during search operations.

published on : 30th March 2022

Income Tax department​ raids Hero Motorcorp, chairman Pawan Munjal's premises

Offices and residential premises of the promoters including chairman and CEO of the group Pawan Munjal in Gurugram, Haryana, Delhi and few other locations are being covered.

published on : 23rd March 2022

I-T dept detects cash transactions of Rs 3000 crore after raids on Omaxe group

The search action covered more than 45 premises in Delhi NCR, Chandigarh, Ludhiana, Lucknow and Indore.

published on : 23rd March 2022

Reforms in I-T department, 'strengthening' of economy led to record tax collections: CBDT chairman

Earlier, taxpayers used to 'struggle' to get this information but now they have it at their fingertips, the CBDT chief JB Mohapatra said.

published on : 19th March 2022

I-T department searches Omaxe group premises in NCR, others

The group could not be reached for comments immediately. Omaxe is one of the leading real estate developers of Delhi-NCR. 

published on : 14th March 2022

I-T department raids Delhi-based civil services coaching institute on charges of tax evasion

Officials said the search teams are checking financial documents and accounts of the institute that has centres in other cities too.

published on : 9th March 2022

I-T raid on Maharashtra Minister Aaditya Thackeray’s aide

The IT raids are allegedly linked to the Brihanmumbai Municipal Corporation — the richest civic body in the country. Aaditya said these raids are happening because BMC elections are due.

published on : 9th March 2022

I-T department detects benami assets, hawala transactions after raids on Sena Corporator, BMC contractors

Sources said the "prominent person" was Shiv Sena corporator Yashwant Jadhav, who is also the chairman of the BMC standing committee.

published on : 3rd March 2022

Income Tax department raids Shiv Sena corporator Yashwant Jadhav's premises in Mumbai

A team of tax department officials is undertaking the raids against Jadhav, also the chairman of the BMC standing committee, since early morning.

published on : 25th February 2022

I-T dept conducts raids at premises of Huawei

The officials looked at financial documents, account books and company records as part of a tax evasion investigation against the company. Some records have been seized too.

published on : 16th February 2022

Kevin Pietersen reaches out to India, PM Modi for help, Income Tax Department comes to his rescue

Kevin Pietersen claimed that he had lost his PAN Card and wanted help immediately as he would be traveling to India soon.

published on : 16th February 2022
1 2 3 4 5 >