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First draft of new and simplified Income Tax law to be prepared by internal tax dept committee: Revenue Secretary

The exercise is not linked to bringing a new direct taxes code, but a comprehensive review of the i…

PTI   


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Cipla gets Rs 773 cr demand notice from I-T dept

Shares of Cipla on Tuesday settled 0.56 per cent down at Rs 1,507.50 apiece on the BSE.

PTI   


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Majority of taxpayers to have substantial tax savings due to reduction of long term capital gains on real estate: IT Dept

The Budget has reduced tax rates on capital gains earned from sale of house properties held for lon…

PTI   


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I-T dept conducts survey at some entities of Hinduja Group

The Income Tax department on Wednesday conducted a survey operation at some entities of the Hinduja…

PTI   


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Income Tax dept to hire 50 young law, accountancy grads for better litigation at ITATs

The Income Tax Department has decided to temporarily hire 50 young law and chartered accountancy gr…

PTI   


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Higher cash seizures being recorded by I-T dept every assembly polls: CBDT

Cash seizures made by the Income-tax department during successive assembly elections have shown a s…

PTI   


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Income Tax dept selects 68,000 high-value transaction cases for e-verification

CBDT chief Gupta said that the I-T department had taken several progressive steps to encourage volu…

ANI   


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Taxpayers will now get full details of transactions in Form 26AS

These will include buying and selling of shares, real estate etc, making cash payments for pur…

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Humanity will overcome Coronavirus pandemic, says Modi as he hails ministries for helping people in lockdown

"Indian Tricolor of more than 1000 meters in size projected on Matterhorn Mountain, Zermatt, Sw…

PTI   


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Income Tax dept issues refunds of Rs 26,242 cr since April

"We are not delaying (refund). We are not sitting over it. I am giving it to you now because money…

PTI   


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Income tax dept conducts search ops on stock brokers, traders across country

New Delhi, Dec 7 () The income tax department has carried out search operations on certain share-br…

PTI   


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Startups vs IT Dept, soon. Here's why

Startups are complaining that the move runs counter to the government's campaign to encourage entre…

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3 mins read

IT dept seeks to prosecute Anil Ambani for holding secret funds in Swiss accounts

The department said he was liable to be prosecuted under Sections 50 and 51 of the Black Money…

PTI   


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Received IT dept letter? Your solution will now be just a click away

Instead of having to make the rounds of the tax department with sheaf of papers in response to…

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I-T Dept passes order to recover retrospective tax from Cairn Energy

However, the company has added that it will continue with the international arbitra…

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DPIIT, revenue dept weigh options for more tax relaxations to startups: Official

"Right now the taxation team of department of revenue and startup India team from DPIIT are working…

PTI   


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Income tax dept sues 570 tax evaders; gets mercy applications from another 1,200

If convicted, they could face imprisonment of up to seven years in addition to fine, along with int…

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IT Dept to strike again, this time armed with information on deposits and purchases from demonetisation drive

"We have information flowing in from different sources including Financial Intelligence Unit... We …

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Don’t share PINs and passwords, IT Dept cautions taxpayers

Under law and order

The Income Tax Department of India has cautioned taxpayers agains…