Search For "income tax"
Scrapped notes worth crores seized from Pune-based businessman
Updated : 8 years, 10 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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Rs. 3.5 cr recovery: Axis managers under IT scanner; bank says followed du
Updated : 8 years, 10 months ago IST
New Delhi [India], Nov. 25 (ANI): With the Income Tax conducting searches after two men who were reportedly caught with Rs 3.5 crore new currency notes alleged that they got the money exchanged at the Kashmiri Gate branch of Axis Bank after paying gold bricks as commission to two managers, t
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Karnataka: BJP distances itself from I-T raids on Reddy
Updated : 8 years, 10 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, 10 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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CBI receives complaints against ex directors
Updated : 8 years, 10 months ago IST
New Delhi [India], Nov. 17 (ANI): The Central Bureau of Investigation (CBI) has received complaints of corruption against two former CBI directors from the Enforcement Directorate (ED) and the Income Tax (IT) department.
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Reduce corporate tax to 25 percent, ASSOCHAM to Govt.
Updated : 8 years, 10 months ago IST
New Delhi [India], Nov 16 (ANI): In its pre-Budget presentation with the Finance Ministry, the ASSOCHAM has sought immediate reduction in the corporate tax to 25 percent to attract more investment in the country while for driving the consumption led demand, income tax for individuals should
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Jaitley assures nation, says deposits under 2.5 lakh won't be penaliz
Updated : 8 years, 10 months ago IST
New Delhi [India], Nov. 10 (ANI): Union Finance Minister Arun Jaitley on Thursday assured that people depositing smaller amounts less than 2.5 lakh would not attract harassments from the Income Tax (IT) officials, adding that the banks across the country would open on weekends and extend the
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Sushil Chandra joins as new chief of Central Board of Direct Taxes
Updated : 8 years, 10 months ago IST
New Delhi [India], Nov. 1 (ANI): Sushil Chandra, a 1980 batch officer of Indian Revenue Service (Income Tax cadre), today joined as Chairperson of Central Board of Direct Taxes(CBDT).
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IRS officer Sushil Chandra to take over as CBDT chairman
Updated : 8 years, 10 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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CBDT releases Income Tax Return statistics for last two fiscals
Updated : 8 years, 10 months ago IST
New Delhi [India], Oct 26 (ANI): Central Board of Direct Taxes (CBDT) had proactively released in April, 2016 time-series data relating to direct tax collections, number of taxpayers, cost of collection, etc., data of number of PAN allotted and data relating to distribution of income and tax
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I T Department changes PAN rules for automobile sales above Rs.2 lakh
Updated : 8 years, 10 months ago IST
New Delhi [India], Oct.19 (ANI): The Directorate of Income Tax (Intelligence and Criminal Investigation) conducted a seminar of Tuesday on quoting of PAN in respect of transactions of sale or purchase of automobiles above Rs.2 lakh and furnishing of statement of financial transaction in case
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I am neither shareholder nor director of companies that have come under IT
Updated : 8 years, 10 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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