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Income Tax
Business  /  Published 05.12.21

Over 3 cr income tax returns for FY21 filed

The finance ministry on Sunday said over three crore income tax returns have been filed for the financial year 2020-21 so far and advised taxpayers who are yet to file their return to do so at the ear...
By Our Bureau, PTI in New Delhi

Business  /  Published 24.11.21

Centre releases IT refunds

The Income Tax Department on Wednesday said it has issued refunds of over Rs 1.23 lakh crore so far this fiscal year. This includes 75.75 lakh refunds of Assessment Year (AY) 2021-22 amounting to Rs ...
By Our Bureau, PTI in New Delhi

Business  /  Published 20.11.21

Bid to tax cryptos

The government is mulling changes in the income tax laws to bring cryptocurrencies under the tax net, with some changes that could form part of the budget next year, a top official said.  Revenu...
By PTI in New Delhi

India  /  Published 06.11.21

Rs 53 crore seized by IT

The Income Tax Department has frozen deposits worth over Rs 53 crore of an urban credit cooperative bank in Maharashtra after it found "glaring irregularities" in the opening of accounts in ...
By Our Bureau, PTI in New Delhi

Business  /  Published 06.11.21

Govt begins review of tax exemptions

The Centre has sought suggestions on possible changes in direct and indirect taxes from trade and industry bodies with the objective of broadening the tax base, while reducing the rates in the next bu...
By Our Special Correspondent in New Delhi

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India  /  Published 05.11.21

Excess stock worth Rs 40 crore found

The Income Tax Department has detected unaccounted income of over Rs 200 crore after it recently raided people engaged in dry fruits trade located in Jammu and Kashmir and Punjab, the Central Board of...
By Our Bureau, PTI in New Delhi

Business  /  Published 28.10.21

Tax form to grab more disclosures

High-value financial transactions and additional information like foreign remittances, off market transactions, information about purchase of mutual funds among others would be reflected in the Form 2...
By Our Special Correspondent in New Delhi

Business  /  Published 18.10.21

NCLT vacancy remains

The government has sought applications for a total of 20 positions of judicial and technical members at the National Company Law Tribunal (NCLT) as well as the appellate tribunal NCLAT.  &nb...
By PTI in New Delhi

Business  /  Published 02.10.21

Tax blow for Grasim

Grasim Industries Ltd on Friday said the income tax department has raised a demand of Rs 8,334 crore on the company as capital gains tax with regard to the sale of shares in a group firm. The Aditya ...
By PTI in New Delhi

Business  /  Published 26.09.21

Safe harbour rules extended: CBDT

The Central Board of Direct Taxes (CBDT) has extended the safe harbour rules to assessment year 2021-22 but the rates will be kept unchanged. Safe harbour relates to circumstances where the tax autho...
By Our Special Correspondent in New Delhi


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