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Income Tax Department
Business  /  Published 04.02.21

Outlet for small tax payers

The Dispute Resolution Committee proposed to be set up in the Union budget will have multiple benches which will give opportunity to small taxpayers to settle matters without going through the appella...
By PTI in New Delhi

Business  /  Published 25.01.21

Cairn investors demand payback

Some of Cairn Energy Plc’s marquee shareholders that include BlackRock, MFS, Franklin Templeton and Fidelity have asked the Indian government to honour an arbitration award and return $1.2 billi...
By PTI in New Delhi

Business  /  Published 30.12.20

No relief yet on ITR filing deadline

Taxpayers took to Twitter to plead for the extension of the deadline to file income tax returns for fiscal 2019-20 (assessment year 2020-21) from December 31 by three months citing Covid-19 and system...
By Our Special Correspondent in New Delhi

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

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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


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