Search For "income tax department"
Scrapped notes worth crores seized from Pune-based businessman
Updated : 8 years, 7 months ago IST
Pune (Maharashtra) [India], Nov. 25 (ANI): In a joint operation, the Pune Police and the Income Tax department on Friday seized one crore 12 lakhs and fifty thousand rupees all in banned denominations of Rs. 500 and Rs. 1000 from a businessman in Pune.
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Karnataka: BJP distances itself from I-T raids on Reddy
Updated : 8 years, 7 months ago IST
Bengaluru [India], Nov. 21 (ANI): The Bharatiya Janata Party (BJP) on Monday distanced itself from former BJP minister G. Janardhan Reddy - who hit the headline for spending lavishly on his daughter's marriage - after the Income Tax Department conducted raids on his house earlier today.
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CBDT urges citizen to help join the government eradicating black money
Updated : 8 years, 7 months ago IST
New Delhi [India], Nov 18 (ANI): It was announced by the Government earlier that small deposits made in the banks by artisans, workers, housewives, etc. would not be questioned by the Income Tax Department in view of the fact that present exemption limit for Income Tax is Rs.2.5 lakh.
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IRS officer Sushil Chandra to take over as CBDT chairman
Updated : 8 years, 7 months ago IST
New Delhi [India], Nov 1 (ANI): Senior Indian Revenue Service officer Sushil Chandra will take over as the new chairman of Central Board of Direct Taxes (CBDT), the policy-making body for the Income Tax department.
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I am neither shareholder nor director of companies that have come under IT
Updated : 8 years, 7 months ago IST
New Delhi (India), Oct. 4 (ANI): Delhi's Health Minister Satyendra Jain appeared before Income Tax Department officials on Tuesday to establish his bonafides and clear his name with regard to allegations that he was involved in hawala transfers worth nearly Rs. 17 crores.
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AAP hallmark of corruption and immorality: Congress
Updated : 8 years, 7 months ago IST
New Delhi, [India], Sept. 27 (ANI): After Delhi Health Minister Satyendra Jain was summoned by the Income Tax department, the Congress on Tuesday dubbed the Aam Aadmi Party (AAP) as the hallmark of corruption and immorality and demanded the former's resignation.
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AAP minister Satyendra Jain under IT scanner, he says 'it's a re
Updated : 8 years, 7 months ago IST
New Delhi [India]. Sept. 27 (ANI): Delhi Health Minister Satyendra Jain, who has come under the scanner of the Income Tax department for allegedly indulging in hawala transfers worth nearly Rs. 17 crores, on Tuesday said it was a reassessment and he was only called as a witness.
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Entrepreneur Nigel Eastwood, NEDF announce charitable runs in North East
Updated : 8 years, 7 months ago IST
Guwahati (Assam), Aug.17 (ANI-Newsvoir): Nigel Eastwood, a highly acclaimed technology investor and international entrepreneur with strong ties to the North East will run four half marathons to raise funds to directly support local entrepreneurs, raise awareness of the Income Tax Department&
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CBDT seeks suggestions on draft rules on income from buy back of unlisted
Updated : 8 years, 7 months ago IST
New Delhi, July 25 (ANI): The income tax department, which falls under the jurisdiction of the Ministry of Finance has issued draft rules for prescribing the manner of determination of amount received by the company in respect of a share under Section 115QA of the Income-Tax Act, 1961.
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IT Department to issue seven lakh letters seeking information of High Valu
Updated : 8 years, 7 months ago IST
New Delhi, July 21 (ANI): Under the Annual Information Returns (AIR), various types of high-value transactions were being reported to the Income Tax Department.
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I-T Department likely to issue seven lakh letters to seek high value trans
Updated : 8 years, 7 months ago IST
New Delhi, July 21 (ANI): Under the Annual Information Returns (AIR), various types of high-value transactions were reported to the Income Tax Department.
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IT Dept. signs contract with L& T Infotech to track tax invaders
Updated : 8 years, 7 months ago IST
New Delhi, July 20 (ANI): In the last decade, the Income Tax Department embarked on an ambitious computerization plan, which developed voluminous databases of IT returns, IT forms, TDS/TCS statements, Annual Information Return (AIR) etc.
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