Page 30 - Income Tax Department

Govt sacks 12 senior I-T officers including a senior officer for corruption

It also includes an IRS officer in the post of Commissioner (Appeal) in Noida, who was accused of sexual harassment to two lady IRS officers of Commissioner rank

CAG raps I-T dept for spending Rs 1,000 cr on rent despite having own land

I-T dept is now preparing a fresh proposal of preliminary estimation for developing its land in Mumbai

300,000 companies under the tax scanner for money laundering

The tax department will seek restoration of such struck-off companies by filing an appeal before NCLT

From April 1, I-T dept to check taxpayer's profiles under Project Insight

I-T dept has created various functionalities under the portal, which will provide the 360-degree profile of taxpayers, including new and non-filers to gauge their accountability and tax liability

Income-tax officials to keep an eye on sensitive LS seats, bank branches

The direction to the income tax officials came from Central Board of Direct Taxes Chairman PC Mody during a meeting held on Wednesday through video conferencing

Tax dept bars V G Siddhartha from selling Mindtree stake, attaches shares

A total of 7.49 million shares held by Siddhartha and Coffee Day Enterprises will face this prohibitory order for next six months starting from January 25

I-T dept takes steps to prevent refund claims based on bogus investments

Regretting that people are claiming bogus refunds, CBDT Chairman said it was time that people change their mentality and pay their due share of taxes honestly

Govt orders cadre review, restructuring of I-T dept; 12-member panel formed

The new committee to undertake cadre review and restructuring of the department has been given a specific four-point charter to follow

I-T dept is watching, claiming rent as business income won't be that easy

Taxation depends on whether the property is let out to enjoy the rent or the owner is exploiting it commercially

Close to 7.5 million new tax filers added to I-T net this fiscal: CBDT

The department, last fiscal, had added 10.6 million new tax the income-income tax net during the 2017-18 financial year

Honest, consistent taxpayers to be feted by govt; policy proposal in works

A Few years back, the CBDT had started a process by which diligent taxpayers were sent thank you or appreciation notes over email under the name of the CBDT Chairman

Income tax department eyes over Rs 100 bn from 'struck off' firms

Directors of these companies have been prohibited from holding directorships in any other company

Income Tax department seeks GST and GAAR details in new audit form

The form seeks a break-up of total expenditure of entities registered or not registered under the GST

I-T dept crackdown on TDS defaults; e-retail portals, panchayats in focus

The Central Board of Direct Taxes has also directed the AOs to keep a check on cases in the prosecution list where TDS/TCS was not deposited after deduction

IT dept set to collect Rs 608 billion from Andhra and Telangana this year

The region had 3.61 million tax payers last year

I-T to examine poll candidates' finances ahead of state, general elections

Until now, the CBDT, according to its arrangement with the EC, only scrutinised cases that were being referred to it by the EC, from now on, it will look into the financial details of all candidates

Income tax department issues record refunds of Rs 700 billion in Q1

This was 26 per cent more than the refunds worth Rs 555.2 billion issued in April-June of 2017-18

CBDT proposes clear-cut timelines under transfer pricing

the department, through a draft notification, suggested that the amount should be returned within 90 days of signing of APAs and MAPs.

I-T dept searches Nishant Kanodia over investment in NuPower

An email sent to Matix group on Thursday evening remained unanswered till the time of going to press

Income Tax department prescribes dress code for employees of Delhi office

The recently-concluded party congress of the CPI(M) in Hyderabad witnessed heated discussions on the political lines of party chief Sitaram Yechury and Prakash Karat