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Income Tax department might follow the GST path

If taken, this would be a significant leap toward eradicating corruption because of lesser n…

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1 min read

Government issuing new¬look and tamper¬proof PAN cards: Income¬Tax Department

Government issuing new¬look and tamper¬proof PAN cards: Income¬Tax Department

PTI   


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The Income Tax department is sending out thank you notes- did you get one?

The certificates are sent to taxpayers who have cleared their entire liability and have no outstand…

PTI   


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2 mins read

Clarity on tax litigation, Income Tax department to write to over 2.59 lakh taxpayers

The income tax department of India has done a massive awareness campaign for the one­time black mon…

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2 mins read

The Income Tax department will slap you with these 4 notices if you try to deposit black money

If you are going to deposit money in your bank account in coming days, here’s a checklist and if yo…

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New income tax filing portal will be launched on June 7 — the existing one will be suspended from June 1

The Income Tax Department will launch a new income tax filing portal on June 7.

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2 mins read

Non-profits wanting to get listed should have no ongoing IT scrutiny: SEBI

Markets regulator SEBI has said that any non-profit organisation (NPO), which wants to get listed, …

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1 min read

Hero Motocorp shares decline as income tax raids dented company's image

In late March, the Income Tax Department had conducted a search operation on the premises of Hero M…

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Income Tax department uncovers a hawala nexus involving top infra firms

The raids resulted in busting of a "major racket of cash generation" by leading corporate houses in…

PTI   


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I-T Department has yielded whopping Rs 2,900 crore in record 586 searches in just one month

The I-T officials yielded more than Rs 300 crore in cash seizures, Rs 79 crore in new currency note…

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Tax laws have more teeth now but they can be misused too. Here’s how

"We have discussed the matter among ourselves. It's a strong provision in the (Income Tax) Act and …

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I-T department issues internal guidance to officers in tax havens investigation

In an internal communication sent to the officers, the revenue department said that this is being d…