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Cabinet approves bill on black money

To check black money menace, the Cabinet on Tuesday approved a new bill that would give more powers to the tax department in tracking illicit wealth stashed abroad and provide for strict penal......

Taxman comes knocking at AAP's door over donations

The Income Tax department on Wednesday said it has issued notices to 50 entities in Delhi, which includes the Aam Aadmi Party and Congress, to check alleged tax evasion by fake companies which......

Black money: SC asks Centre to ensure IT probe by March, 2015

The Supreme Court on Wednesday asked the Centre to ensure that the ongoing income tax probe for suspected black money concerning 627 Indians who have accounts in HSBC bank, Geneva, do not get time......

IT to prosecute 300 account holders in black money list

The Income Tax department is likely to initiate prosecution against close to 300 people whose names have been submitted to the Supreme Court on Wednesday in connection with the probe into alleged......

Jayalalithaa told to appear on June 9 in income tax case

A court in Chennai on Tuesday adjourned to June 9 the income tax return cases against Tamil Nadu Chief Minister J Jayalalithaa and her aide Sasikala for their appearance. When the case came up for......

High court rules in favour of Vodafone in tax case

Vodafone pleaded in High Court that IT department had no jurisdiction in the transfer pricing case because the said transaction was not international and did not attract tax. In a big relief for......

Rush of black money declarants at Income Tax office

'A huge number of declarations are expected to be made through the official e-filing website of the Income Tax department.' The rush of black money declarants peaked at the Income Tax office in New......

Income Tax refunds to be sent to taxpayers in 7-10 days

In what could be a good news for lakhs of taxpayers, the Income Tax Department will now process and send refunds in a short time of 7-10 days as its latest technology upgrade of electronic and......

7 common tax filing mistakes people commit

The introduction of online filing of Income-Tax returns by the I-T department has made filing returns a simple process. While one had to wait in long queues or take the help of a chartered......

Last date for filing I-T return extended to Sep 7

The earlier date was August 31. Government on Wednesday extended the last date for filing Income Tax return by a week to September 7. "Due date for filing Income Tax return extended till September......
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Medical council's notice to Punjab doctors for taking money from pharma MNCs

PMC has sent notices to 10 doctors after income tax authorities pointed out that multinational pharma companies had paid them crores of rupees... ...
Around 70k I-T officers strike work

There is a clear divide in the income tax department between Indian Revenue Service officers and other staff. ...
Vodafone gets High Court relief in I-T case

Mumbai : Vodafone India on Thursday had a major relief after the Bombay High Court set aside an order of the Income-Tax Appellate Tribunal (ITAT)... ...
CBI searches 12 locations; ED registers two cases

The CBI Thursday conducted searches at 12 locations in Delhi, Noida and Ghaziabad in connection with its case against Uttar Pradesh chief engineer... ...
Vodafone gets relief from Bombay HC

The court overruled the order of Income Tax Appellate Tribunal issued last year suggesting that the income tax dept has jurisdiction in this... ...

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