income tax department

Expect system to stabilise this week: Infosys on I-T portal glitch

Infosys was in 2019 awarded a contract to develop the next-generation income tax filing system to reduce processing time for returns from 63 days to one day and expedite refunds.

published on : 9th June 2021

 I-T department issues refunds worth Rs 25,301 crore so far this fiscal

The refunds issued in 2020-21 fiscal was 43.2 per cent higher than Rs 1.83 lakh crore issued in 2019-20 fiscal, which ended March 31, 2020.

published on : 26th May 2021

Income Tax department issues Rs 24,792 crore refunds so far this fiscal

Of this personal income tax refunds worth Rs 7,458 crore has been issued in over 14.98 lakh cases. Corporate tax refunds of Rs 17,334 crore have been issued to 43,661 taxpayers.

published on : 19th May 2021

 I-T department issues Rs 17,061 crore of refunds this fiscal

'CBDT issues refunds of over Rs 17,061 crore to more than 13 lakh taxpayers between 1st April, 2021 to 10th May, 2021,' the department tweeted.

published on : 12th May 2021

I-T refunds worth Rs 15,438 crore issued in one month

Of this personal income tax refunds worth Rs 5,047 crore has been issued in over 11.51 lakh cases. Corporate tax refunds of Rs 10,392 crore have been issued to 21,487 taxpayers.

published on : 5th May 2021

I-T lens on tax against payment made to Covid hospitals in Odisha

As per norms, deduction should be made at 1.5 per cent of the amount paid for any work as per the agrement with the private hospitals and at 7.5 per cent for rent paid for use of land or building. 

published on : 7th April 2021

Tax ‘evasion’: Karnataka HC junks I-T dept plea against DKS’ discharge

The I-T Department had filed three criminal revision petitions before the High Court against three separate orders passed by the Special Court to try criminal cases against MPs/MLAs, in the city.

published on : 6th April 2021

I-T Department​ detects Rs 700 crore tax evasion after raids on Hyderabad-based realty developers

The I-T Department claimed to have detected tax evasion of about Rs 700 crore after it raided two real estate developers based in Hyderabad recently.

published on : 31st March 2021

Rs 1 crore seized from Manapparai MLA’s driver by I-T dept

While the officials could not find anything in Muruganandham and Thangapandi’s residences, bundles of cash were recovered from Alagarsami’s residence.

published on : 30th March 2021

Premises of Congress MLA Dharam Singh Chhokkar searched by ED

These included the Samalkha MLA’s flat at Sector 2 in Chandigarh, his residence, a petrol pump at Sai Enclave and a showroom in the grain market at Samalkha besides some properties in Gurugram.

published on : 18th March 2021

I-T unearthes Rs 1,000 crore undisclosed income of two Chennai-based groups

According to a statement from Central Board of Direct Taxes, the searches were carried out at 27 premises in Chennai, Mumbai, Coimbatore, Madurai, Trichy, Thrissur, Nellore, Jaipur and Indore.

published on : 8th March 2021

IT raid unearths undisclosed income of Rs 220 cr

The inspection was carried on a leading Chennai-based tiles and sanitary ware unit

published on : 1st March 2021

Colleges took Rs 402 crore in illegal fees, says I-T dept

The colleges had also diverted the cash collected for non-charitable purposes by the trustees.

published on : 19th February 2021

IT Dept raids at 18 locations owned by Congress MLA Nilay Daga’s family across three states

The searches began at around 18 locations in Betul and Satna in BJP-ruled MP, Mumbai and Solapur in Maharashtra and TMC-ruled West Bengal’s capital Kolkata.

published on : 19th February 2021

I-T Department's operation finds shocking evidence of admission malpractices at medical colleges

A release by the department through PIB says that so far, the evidence gathered indicates that the money has been accepted as illegal capitation fees by manipulating the online admission process.

published on : 19th February 2021
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