Page 21 - Income Tax Department

Govt notifies rules to settle Vodafone retrospective tax case

After the notification of the rules, Vodafone will have 45 days to approach the government for a settlement.

I-T dept detects Rs 550-cr hidden income after raids on Hetero pharma group

The searches have also resulted in seizure of unexplained cash amounting to Rs 142.87 cr

I-T conducts raids against Maharashtra deputy CM Pawar's family, realtors

The Income Tax Department raided some businesses linked to family members of Maharashtra deputy chief minister Ajit Pawar and some real estate developers on charges of alleged tax evasion

Grasim Industries slapped with Rs 8,334-crore income tax demand

The Aditya Birla Group company said it would take "appropriate action" against the order

I-T dept asks tax officials to take applications for settlement till Sep 30

The Income Tax department has issued an order asking taxmen to accept till September 30, applications for settlement of pending tax cases.

I-T department conducts searches on 20 premises of 7 developers in Mumbai

Sources said the exercise was a part of 'search operation, while some were covered under survey action'

Some e-filing glitches remain, working with I-T dept: Infosys

The tech services giant said over 30 mn taxpayers had logged in and have completed transactions

Infosys says new I-T portal clocked 30 mn logins, 15 mn ITRs filed so far

Infosys says it acknowledges the difficulties some users continue to experience and says it is working 'expeditiously'

GST panel to consider giving waiver on one day interest, late fee

As some taxpayers faced difficulties in filing GST return on Monday, the tax department on Tuesday said the IT grievance redressal committee would consider giving interest and late fee waiver

Income tax dept detects blackmoney abroad after raids on textile group

The CBDT has claimed that the Income Tax Department has detected black money worth crores stashed abroad after it raided a leading business group involved in manufacture of textile and filament yarn.

I-T Dept detects Rs 700 cr tax evasion after raids on Bengal-based group

I-T Dept carried out searches on Sept 17 at 25 locations of a prominent group engaged in manufacturing steel products in West Bengal, says CBDT

CBDT chairman questions delay in time-barred assessment proceedings

I-T dept to dispose of 35K cases by mth-end; Rs 10K-crore demand may be raised

IT dept officials at premises linked to actor Sonu Sood in Mumbai

Income Tax Department officials descended on the premises linked to actor Sonu Sood in Mumbai and some other places on Wednesday in connection with an alleged tax evasion probe, official sources.

India looking to tax crypto trades and ecosystem in the country: Report

The tax department is in favour of taxing crypto exchanges and trades and the government feels that any activity that generates income must pay tax, ET Now reported

ITR filing extension: No relief to taxpayers on interest liability

ITR filing has increased to 320,000 daily in September 2021

I-T portal glitch: FM's reprimand of Infy reflects contractual weaknesses

As former finance secretary Sumit Bose pointed out, govt often does not set clear milestones. The penalties, too, are often most difficult to invoke owing to a 1987 SC ruling

Tax portal 2.0 to integrate with bourses to track trade transactions

Will take stock of discrepancies in assessee disclosures in ITR

Taxpayers can file settlement claims till September 30: Check details here

This comes amid interim relief provided by some high courts, directing acceptance of applications of settlement even after February 1

60-65 small- to mid-sized companies on I-T radar for TDS mismatch

These companies had reported healthy advance tax payments

Income-Tax notices give FPIs the jitters; experts suspect tech glitches

Experts called the development unprecedented and attributed it to a possible glitch in the new I-T portal