Income Tax Department
Business  /  Published 16.06.21

Net tax collection doubles this fiscal

The net direct tax collection has doubled to over Rs 1.85 lakh crore so far this fiscal, mainly driven by personal income tax and advance tax mop up, the I-T department said on Wednesday. The net dir...
By Our Bureau, Agencies in New Delhi

Business  /  Published 14.06.21

Caveat to I-T during raids

Taxpayers ought not to be forced to make confessions under duress during a search and survey operations when they are most vulnerable and anxious as tax sleuths rummage through their offices and homes...
By Our Bureau in Calcutta

Business  /  Published 09.06.21

Tax portal ridden with glitches

Technical glitches continue to bedevil the modified income tax website on the second day — prompting finance minister Nirmala Sitharaman to tweet: “Hope Infosys and Nandan Nilekani will no...
By Our Special Correspondent in New Delhi

Business  /  Published 08.06.21

New tax portal launched

The much awaited new tax filing portal went live only late in the evening much to the chagrin of chartered accountants who vented their ire on the government on Twitter. The income tax authorities ha...
By Our Special Correspondent in New Delhi

Calcutta  /  Published 10.04.21

Caught with Rs 50 lakh in Calcutta on poll-eve

A man was caught with Rs 50 lakh on him in central Calcutta on the eve of the fourth phase of the Assembly elections, in which parts of Calcutta will vote. The man, who was identified as Ravi Shankar...
By Our Special Correspondent in Bowbazar


Business  /  Published 18.03.21

Equity info in I-T lacks clarity

Analysts have expressed concern over the income tax department’s move to actively start tracking capital gains arising from the sale of mutual funds and shares and dividend received on shares. ...
By R. Suryamurthy in New Delhi

Business  /  Published 05.03.21

Relief for Covid-link overstay by NRIs

NRIs and foreign nationals stuck in India because of the pandemic and facing double taxation can submit their details to the income tax department by the end of this month. The Central Board of Direc...
By Our Special Correspondent in New Delhi

India  /  Published 04.03.21

Income tax raids on critics of govt

The income tax department on Wednesday searched the homes and offices of actress Taapsee Pannu and film director Anurag Kashyap, both part of an endangered clan of celebrities who have been vocal agai...
By Imran Ahmed Siddiqui in New Delhi

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


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