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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......

A PAN-based online system to resolve tax woes

The tax department is on a spree to ensure more taxpayers in the country use the PAN card. Aimed to reduce lengthy proceedings and time taken in litigation, the Income Tax department has activated......

Income Tax dept debuts on Twitter

The Income Tax department has launched its official handle on micro-blogging website Twitter. The handle "incometaxindia_" is aimed to keep taxpayers and other users updated about the activities of......

Do not share personal data over phone, email: I-T dept

The Income Tax department on Tuesday issued an advisory asking taxpayers not to share their personal financial details over email or phone and urged them to register a complaint in case they face......

I-T dept slaps fresh tax notice on Nokia India

The IT department had in 2013 slapped a tax notice of Rs 2,000 crore on Nokia's Indian subsidiary for violating the withholding tax norms since 2006 while making royalty payments to the parent......

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......
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Revenue collection dips by 20 per cent due to rain

Chennai : Income to the state exchequer through property tax, water charges and transport corporations has dipped by over 20 per cent due to heavy... ...
IT Officials to Slap Notices on ASI's Associates

KARIMNAGAR: While CID is digging deep into the suspended ASI B Mohan Reddy's money laundering case, Income Tax authorities are also reportedly... ...
Punjab and Haryana HC

NEW DELHI: The Punjab and Haryana High Court has said that the Income Tax Appellate Tribunal (ITAT) doesn't have the power to stay tax... ...
Now, Get a CD to Visit 1,082 World Heritage Sites

CHENNAI: The complete information on all 1,082 world heritage sites (WHS) in 162 countries across the globe is available on a CD released by the... ...
CBI to put Peter Mukerjea to lie-detector test

NEW DELHI: The CBI, which believes that former media baron Peter Mukerjea has misled it for two weeks now, is hoping that he will shed light on the... ...

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