Page 32 - Income Tax Department

I-T lens on half a million people for 'inconsistencies' in cash deposits

This is in addition to 60,000 identified under Operation Clean Money 2.0

Tax dept gets busy on 15% hike in mop-up target

The proposed target comes sans any amnesty scheme

Tax demand arrears amounting to Rs 8.4 lakh cr unlikely to be recovered

Taxmen told to fast-track Income tax arrear appeals

I-T Dept seizes assets of Lalu's daughter Misa Bharti in benami land deal

A CA, Rajesh Kumar Agrawal, allegedly linked to Bharti and others, was also arrested by ED

Modi govt to sharpen plan for naming and shaming tax defaulters

The tax department is looking at expanding the scope of naming and shaming of defaulters

1.58 lakh tax payers under lens for partial account declarations

5.68 lakh new cases have been identified for e-verification process

Online platforms make tax filing easy, help fill details automatically

If you have capital gains on a house or shares, they can automatically tell you the tax liability

Income tax dept launches facility to correct errors in PAN, Aadhaar

Only 6 crore people file income tax returns at present

In multi-city crackdown, taxmen to probe 300 cases under Benami Act

PMO asked income-tax department to submit report on action taken against identified benami owners

I-T searches on Delhi-based liquor firm for tax evasion

A son of a former Union minister is also under the department's scanner

I-T dept seeks Rs 30k cr penalty from Cairn Energy for non-payment of tax

These assets comprised principally Cairn's residual shareholding in Cairn India

I-T departement raids 80 locations TN, Karnataka, Kerala against ponzi ops

It was not immediately clear if the latest action had any connection to some politicians

Dehradun jeweller gets 2 yrs in jail for not disclosing Swiss Bank account

The court has also slapped a fine of Rs. 25,000 on Raju Verma, who owned 'Punjab Jewellers'.

E-filing of ITR-1, ITR-4 for FY17 now open

The filing of these returns can be done till July 31

I-T prosecutes Mumbai trader for depositing Rs 3 cr by using duplicate PAN

Tax evasion to the tune of Rs 500 has been established during demonetisation

Income Tax dept has failed to unearth black money despite information: CAG

The dept had info on suspicious dealers who issued false bills without delivery of goods

I-T target hits record tax refund hurdle

Direct tax collection likely to fall short of Rs 8.47 lakh crore Budget target

Taxman to scrutinise loan deposits under Operation Clean Money

I-T dept may initiate penal action and impose an equivalent penalty

No reply to I-T query could get you a 'non-statutory' letter

5 lakh people, who have received intimation from I-T dept, are not registered in the e-filing portal

Only 39% comply with I-T's online verification to explain deposit source

Of the 1.8 mn, 700,000 explain their deposit source; tax dept to send letters to the rest 1.1 mn