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Income Tax Department
Business  /  Published 23.07.20

Voda: Rs 833cr in refunds

Cash-strapped Vodafone Idea secured a significant relief on Wednesday when the Supreme Court dismissed a petition filed by the income tax department and asked it to refund Rs 833 crore to the operator...
By Our Special Correspondent in New Delhi

India  /  Published 14.07.20

Jaipur: raids amid Congress turmoil

The income tax department and the Enforcement Directorate on Monday morning conducted raids in Jaipur as Rajasthan chief minister Ashok Gehlot was getting ready for a show of strength at his residence...
By Imran Ahmed Siddiqui in New Delhi

Business  /  Published 06.07.20

TDS forms seek more disclosures

The income tax department has amended the TDS form, making it more comprehensive and mandating deductors to state reasons for non-deduction of tax. According to the amended form, banks will also have...
By PTI in New Delhi

Business  /  Published 05.07.20

E-commerce: tax shock for players

The income tax department has brought in changes to the challan for payment of equalisation levy — ITNS 285 — expanding its scope to include non-resident e-commerce companies supplying goo...
By Our Bureau in Calcutta/New Delhi

Business  /  Published 18.11.19

Chaos under new tax system

The income tax department has jumped the gun by reorganising its human resources for faceless tax assessment before the process has fully taken off. This has created a skewed distribution of workload ...
By Pinak Ghosh in Calcutta

India  /  Published 10.10.19

Income Tax dept raids premises linked to ex-Karnataka deputy CM Parameshwara

The Income Tax (I-T) department on Thursday conducted raids at premises linked to former deputy chief minister of Karnataka G. Parameshwara and others in connection with a multi-crore tax evasion case...
By PTI in Bengaluru

India  /  Published 20.08.19

Kamal Nath's nephew Ratul Puri arrested by ED for alleged bank loan fraud

Ratul Puri, Madhya Pradesh chief minister Kamal Nath's nephew, has been arrested by the ED in a new case of money laundering. The allegations against him link to an alleged Rs 354-crore bank loan...
By PTI in New Delhi

India  /  Published 28.03.19

Direct tax collection falls short

The Central Board of Direct Taxes has rung alarm bells and has asked the Income Tax Department to go for a major assault as the direct tax collection target remains short of about 15 per cent, with th...
By PTI in New Delhi

India  /  Published 29.01.19

SRK cleared of benami tag on Alibaug property

Actor Shah Rukh Khan has been absolved of the charge of being a beneficiary of a benami property at the beach town of Alibaug in Maharashtra as an appellate authority under the law has “revoked” t...
By PTI in New Delhi

India  /  Published 29.03.19

IT ‘surgical strike’ on JDS sparks ire

Income tax officials on Thursday conducted searches at multiple locations in Karnataka, including the ancestral home of minor irrigation minister and JDS leader C.S. Puttaraju, triggering protests aga...
By K.M. Rakesh in Bangalore


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