Page 55 - Income Tax

Refund fraud: Employees of 50 prominent Bengaluru companies under I-T net

The firms include Infosys, IBM, Vodafone and Biocon; employees accused of forming a nexus with chartered accountants

Only 1.7% Indians paid income tax in AY 2015-16: Official data

In the previous AY 2014-15, 1.91 crore, out of 3.65 crore who filed returns, had paid income tax

Faceless I-T e-assessment from next year; CBDT forms committee

The initiative was launched to reduce visits by taxpayers to I-T offices and their interface with the taxman, thereby curbing corruption.

Task force on income tax law will read it chapter by chapter: Hasmukh Adhia

The Task force will be reading 'chapter by chapter' the IT act and recommend changes

Why it pays to pay your income tax

Idea is to widen tax base; target to add 12.5 mn in FY18

Readers' Corner: Taxation

Kuldip Kumar, partner and leader, Personal Tax, PwC India, answers your questions

I-T self-assessment filings under lens

Officials say many firms, individuals are postponing advance tax payment to last quarter of FY18

Last day to file ITR: Don't forget to pay tax on rent from foreign property

If you have kept the house for your own use and not let it out, estimate the deemed rental income

Beware of fake income tax e-mails

Log into your e-filing account to check if you have any outstanding demand or refund

Aaykar Setu: Now solve I-T issues, pay taxes, apply for PAN, via CBDT app

CBDT app will also help people link their Aadhaar with Permanent Account Number (PAN)

Weed out tax evaders from smaller cities, CBDT tells Income Tax Dept

At present the I-T department has about 6-7 crore registered taxpayers

Confused about income tax return filing? Find answers to all your questions

From Aadhaar-PAN linking to efiling income tax for AY 2017-18, here is everything you need to know

Auditors' to disclose property related transactions above Rs 20,000 to I-T

The move will increase transparency in financial dealings and help check tax evasion

Income tax mop-up begins on strong footing, up 26.2% till date

I-T dept allows corporates, individuals to reel tax payout on 15th of last month of every quarter

I-T dept shames defaulters: Lists names of 5 cos owing Rs 10 cr in taxes

The total taxes due by these five defaulters is Rs 10.27 crore, the notice said

Income tax base expands by 9.1 mn people after note ban: FM Jaitley

Jaitley said demonetisation had led to an increase in the number of assessees and tax revenues

I-T recovers Rs 10 crore cash, 10 kg gold from UP bureaucrat premises

The tax sleuths also raided at least four premises of a OSD of Noida Authority

Op Clean Money-II: I-T to issue notices to 60,000 people

60,000 persons, including 1,300 high risk persons, have been identified for investigation

Details: ITR form simplified further; e-filing to start from April

Currently, the ITR 1/Sahaj has 18 columns for claiming deductions under Section 80 of Income Tax Act

I-T dept makes public list of defaulters owing Rs 448 crore

The department has carried out this exercise earlier too and had named at least 67 such entities