In order to enhance taxpayers' experience and keep pace with new technology, the Income Tax Department has revamped its website with a user-friendly interface, value-added features, and new modules.
The newly revamped website was officially launched by Nitin Gupta, Chairman of the Central Board of Direct Taxes (CBDT), during the 'Chintan Shivir' event organized by the Directorate of Income Tax (Systems) in Udaipur, read the Ministry of Finance press release.
According to the order of the Kerala High Court, the court again heard the government's plea to withdraw the ivory case and that there is no public interest, the court accepted the plea of the petitioners that the government cannot take a decision only on behalf of an individual.
Board of Direct Taxes, the Central Board of Direct Taxes (CBDT) on Saturday notified amendments to the Income Tax Rules for valuing perquisites of rent-free or concessional accommodation by employers to employees.
Congress General Secretary in-charge Communications Jairam Ramesh, in a statement, alleged that India’s third-largest cement producer Shree Cement, who was in talks to acquire Sanghi Industries, exited the race after Income Tax Department launched raids against it. The senior leader said tha
The Income Tax Department on Sunday announced that more than six crore ITRs have been filed till date, out of which, nearly 26.76 lakh ITRs have been filed today till 6:30 pm.
Union Finance Minister Nirmala Sitharaman has said that the Income Tax Department has sent about one lakh notices to individuals for non-filing of returns or understating incomes in the past years.
Hardeep Singh Puri on Tuesday took a jibe at BBC's allegation of the freedom of the press after the Income Tax department raided BBC offices in the country, saying that the British broadcaster is in the hands of people with an agenda on India.
Directorate of Enforcement (ED), Ahmedabad has arrested Santosh Karnani, Additional Commissioner of Income Tax under the provisions of the Prevention of Money Laundering Act, 2002 (PMLA).
According to the Ministry, the said business group was under the control of an individual with a significant political background. As part of the operation, the tax department also conducted searches on a close business associate of the individual.