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I-T dept warns: Like fingerprint, black money will lead you to us

The income-tax department on Thursday nudged black money holders to make "honest" disclosures under the tax amnesty scheme -- Pradhan Mantri Garib Kalyan Yojana -- warning that non-declaration......

How many of our netas pay taxes?

24% MPs and MLAs claim exemption from income tax or say they have no income at all, discovers Manoj K. Our MPs earn Rs 50,000 a month; now they want it doubled IMAGE: According to recent......

Tax reduced to 5% on income of Rs 2.5 lakh-5 lakh

However, earners in between Rs 50 lakh and Rs one crore will have to pay 10% surcharge, reports Indivjal Dhasmana/Business Standard. The Budget provided relief on a personal front,......

After I-T raids, TN ex-chief secretary Rao admitted to ICU

Former Tamil Nadu Chief Secretary P Rama Mohana Rao, whose house and office were searched by Income Tax officials in connection with a tax evasion probe post demonetisation, was on Saturday......

Undisclosed incomes of Rs 3,651 cr detected after note ban

The Income Tax department on Friday said it has detected over Rs 3,651 crore of undisclosed income while more than Rs 98 crore in new notes has been seized as part of its country-wide operations......

Countdown has begun: Evaders may have to pay 137% tax post March 31

The department said that total confidentiality is ensured to those who declare their black assets and funds The Income Tax department on Friday warned black money holders that it has "information"......

Operation Clean Money gets cracking against cos

I-T heat on thousands of firms for unusual cash deposits. The income tax department is leaving no stone unturned to make the Pradhan Mantri Garib Kalyan Yojana (PMGKY), also known as the Income......

A nation of tax avoiders?

Exemptions, and the fact that farm income is outside the tax net, ensure that India’s tax-GDP ratio stays low. The view that Indians don’t pay their fair share of taxes resonates......

Benami assets: I-T books 230 cases, attaches Rs 55 cr assets

The Income Tax department has registered over 230 cases and attached assets worth Rs 55 crore nationwide as part of its post demonetisation action under the newly enforced Benami Transactions Act.......

It's difficult to escape the taxman now!

With big data analyses, your investments, spends and big purchases are being tracked more closely now by the income tax department, warns Tinesh Bhasin.Illustration: Uttam Ghosh/Rediff.com With......

'The Income tax raids will not affect Baahubali 2'

Baahubali scriptwriter K V Vijayendra Prasad says the income tax raid on the film’s producers Shobhu Yarlagadda and Prasad Devineni will not hamper the shooting......
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  Web results for Income Tax
U.S. consumer confidence hits 16-year high in boost to economy

By Lucia Mutikani WASHINGTON (Reuters) - U.S. consumer confidence surged to a more than 16-year high in March amid growing labor market optimism... ...

http://www.sify.com/finance/us-consumer-confidence-hits-16-year-high-in-boost-to-economy-news-economy-rd2wcsjcbebde.html
More scrutiny expected

The income tax department is now armed with advanced data analytics ...

http://www.business-standard.com/article/opinion/letters-more-scrutiny-expected-117032801416_1.html
I-T identifies 1,155 shell cos used to launder Rs 13,300 cr

The Income Tax department has identified 1,155 shell companies which were used as conduits to launder money amounting to Rs 13,300 crore during... ...

http://www.dnaindia.com/money/report-i-t-identifies-1155-shell-cos-used-to-launder-rs-13300-cr-2372513
Black money crackdown or return of inspector raj?

The Centre has pushed at least 40 amendments to the Finance Bill, 2017, which was recently passed by the Lok Sabha as a money bill. The amendments... ...

http://indiatoday.intoday.in/story/finance-bill-2017-income-tax-act-black-money-inspector-raj/1/915017.html
I-T dept seizes Rs 600 cr in cash, valuables post note ban

The Income Tax Department has seized cash and valuables totalling Rs 600 crore in search and survey operations post demonetisation of high value... ...

http://www.dnaindia.com/money/report-i-t-dept-seizes-rs-600-cr-in-cash-valuables-post-note-ban-2372248

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