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CBDT Advises Financial Institutions To Get Self Certification By April 30 12 April 2017
The Central board of Direct Taxes (CTBT), has advised all the financial institutions (FIs), to get self certification from account holders, by April 30. This move is enabled to comply with Foreign Accounts Tax Compliance Act (FATCA), and to further...
Keywords: Self-Certified, Financial Institutions, FATCA, Self-Certified
Read MoreHigh-End Cars Seized From Sasikala’s Tout Sukesh Chandrasekhar 15 November 2017
High-End Cars Seized From Sasikala’s Tout Sukesh Chandrasekhar: After the Directorate of Income Tax (Investigation), Karnataka & Goa seized a fleet of imported luxury cars and a Ducati motorbike, another scam of undisclosed assets reportedly linked to the AIADMK (Amma)...
Keywords: Income Tax Department, VK Sasikala, Directorate of Income Tax (Investigation), AIADMK Two-Leaves Symbol
Read MoreTax defaulters list released into media 16 April 2015
The tax defaulters are again caught hold by the Tax department. The people who are avoiding to pay tax since long time are finally identified by the officials. 31 tax defaulters are identified by the Income tax department and the...
Keywords: tax defaulters, Telangana, tax defaulters, tax defaulters
Read MoreIT Dept Seizes Rs 900 Cr Assets 20 December 2017
IT Dept Seizes Rs 900 Cr Assets:- The Indian Government revealed today that the Income Tax department managed to seize assets that are worth Rs 900 crores till March 2017 after demonetization. The Income Tax department conducted raids and searches...
Keywords: Income Tax department raids, Income Tax department latest, Income Tax department raids, Income Tax department updates
Read MoreIT Dept Raids At Infrastructure Firm In AP, Telangana 03 November 2017
IT Dept Raids At Infrastructure Firm In AP, Telangana:- To gather evidence against the directors of city-based infrastructure company GVPR Engineering Ltd, simultaneous raids have been conducted at three locations in Telangana State and Andhra Pradesh, by the Income Tax...
Keywords: Demonetization, GVPR Engineering Ltd, Telangana, Demonetization
Read MoreIT department slaps Rs2000 crore notice on Nokia for alleged tax violation. 28 March 2013
Income Tax department slaps Rs 2000 crore notice on Finnish mobile firm Nokia for declaration of tax violation. Fact-fully, Earlier in January Multi-national audit firm PricewaterhouseCoopers (PW and Co), auditors for Nokia India, was summoned by the Income Tax department...
Keywords: IT department, Nokia mobiles, Income Tax department, national news
Read MoreFile Your Income Tax Returns By Today, As No More Extension Likely 05 August 2017
File Your Income Tax Returns By Today, As No More Extension Likely:- The deadline for filing income tax returns has been extended by the Government from July 31 to August 5 which is today. The taxpayers may not get yet...
Keywords: CBDT, Form 16a, Income Tax Department, Income Tax Returns
Read MoreIT Raids At Jaya TV Office In Chennai 09 November 2017
IT Raids At Jaya TV Office In Chennai:- As part of 'Operation Clean Money’, the Income Tax officials started raids at the premises of Jaya TV office in Chennai and its associated on Thursday morning. After showing their identity cards,...
Keywords: IT Raids, Chennai, Jayalalithaa, Jaya TV Office
Read MoreAadhaar and PAN link deadline extended again 01 April 2021
Aadhaar and PAN link deadline extended again:- The Income Tax Department once again extended the last date for linking the Aadhaar cards with PAN Cards to June 30th. The deadline was fixed to March 31st this year but with lakhs...
Keywords: Aadhaar and PAN link updates, Aadhaar and PAN link new breaking news, Aadhaar and PAN link, Aadhaar and PAN link new updates
Read MoreNew PAN allotment norms put on hold 31 January 2014
The Central Board of Direct Taxes (CBDT) today put the decision on hold for new norms in the allotment of new PAN Cards. However the reasons for this decision are not known so far and till further orders, the old...
Keywords: New PAN allotment norms put on hold, New PAN allotment norms put on hold, New rules for PAN card, PAN Card
Read More“Online Chat” Launched By IT Dept To Answer Taxpayers Queries 18 October 2017
“Online Chat” Launched By IT Dept To Answer Taxpayers Queries:- An “online chat” service has been launched by the Income Tax (IT) Department for taxpayers. This new service is implemented so that the taxpayers can seek answers to their basic...
Keywords: Online Chat, Online Chat, Income Tax Department, Online Chat
Read More117-year-old Woman Felicitated by IT Department 30 July 2020
117-year-old Woman Felicitated by IT Department:- Four centenarian women including a 117-year-old woman have been felicitated by the department of Income Tax in Madhya Pradesh as they have paid their taxes regularly. The felicitation program was conducted through a video...
Keywords: Income Tax Department, Girija Bai Tiwari felicitated, Income Tax Department, Girija Bai Tiwari felicitated
Read MoreBollywood’s Big B Under Scanner In Panama Papers Case 14 August 2017
Bollywood’s Big B Under Scanner In Panama Papers Case:- The Income Tax (IT) department is now more “aggressively” pursuing the infamous Panama Papers case. Along with many white-collared officials, Bollywood’s megastar Amitabh Bachchan’s name was emerged in connection with the...
Keywords: British Virgin Islands, British Virgin Islands, Panama Papers, Arun Jaitley
Read MoreDelhi HC Allows IT Investigation In National Herald Case 12 May 2017
The Delhi High Court, in a major setback for Congress President Sonia Gandhi and her son Rahul Gandhi, has allowed an Income Tax Department probe in the National Herald case. The HC has declined to stay the IT proceedings against...
Keywords: Sonia Gandhi, Delhi HC, Income Tax Department, Income Tax Department
Read MoreLalit Modi’s Secretary colluded and deleted emails 23 June 2015
An income tax investigation launched against former IPL chairman Lalit Modi revealed that his secretary Deepa Palekar, who is handling all his business affairs and director in nine of his companies, had deleted all the mails till April 2010, which...
Keywords: Income Tax department, Deepa Palekar, IPL, Deepa Palekar
Read MoreIT raids at 14 Reels office 09 January 2014
Income Tax department officials have conducted raids at Mahesh Babu's 1 Nenokkadine movie producers 14 Reels Entertainments office in Banjara Hills last evening. As per the sources, the makers have made Nenokkadine with a budget of 60 crore Rupees and...
Keywords: IT raids at 14 Reels office, Dookudu, Entertainment News, 14 Reels Office
Read MoreIT releases big tax defaulters 31 March 2015
The Income Tax department of India on Tuesday took to the strategy of 'naming and shaming' of some large tax defaulters as it published names of 18 entities who owe over Rs.500 crore tax to the exchequer."The step is aimed...
Keywords: Principal Chief Commissioner of Income Tax (Administration), Blue Information Technology Limited, Principal Chief Commissioner of Income Tax (Administration), Principal Chief Commissioner of Income Tax (Administration)
Read MoreDonga Donga - police seize crores of black money 03 July 2013
Four trucks outside Mumbai central station were seized yesterday, containing a large number of diamonds, gold and cash. It is not yet clear to whom the loot belongs to. But curiosity has been raised, amidst a lot a hue and...
Keywords: Mumbai central station, police find diamonds cash, Black Money Trucks, NIA
Read MoreIT notice to Sonia and Rahul 09 July 2014
The Income Tax department has issued notices to Congress president Sonia Gandhi and vice president Rahul Gandhi in the National Herald case. Sonia called this notice as a revenge act by NDA government and it is politically motivated one. Sonia...
Keywords: Sonia Gandhi, Sonia Gandhi and Rahul Gandhi in National Herald case, National Herald case, Quick News
Read MoreA Lawyer In Delhi Disclosed Unaccounted Income Of Whooping Rs. 125 Crore 20 October 2016
A lawyer in Delhi, practicing at the Delhi High Court as well as the Supreme Court has surprised the Income Tax officials after declaring his unaccounted income of Rs. 125 crores. Reports said that the lawyer made the declaration after...
Keywords: Income Tax department, lawyer disclosed huge income, Income Tax department, lawyer
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