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SC allows IT-dept to reopen tax case against Big B

In a setback to megastar Amitabh Bachchan, the Supreme Court on Wednesday allowed the Income Tax department to reopen a tax case against him pertaining to his income for the assessment year......

VVIP chopper scam: ED seeks assets details from MoD, income tax department

In an attempt to crack the suspect name codes and the alleged kickbacks paid in the VVIP choppers deal, the Enforcement Directorate has sought information from the defence ministry, Income Tax......

Chidambaram slams government's 'malicious onslaught' as firm linked to son is searched

Officials of the Income Tax department and the Enforcement Directorate on Tuesday conducted searches at “some places” of business associates connected with Congress leader Karti......

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......

Fair market value formula not that fair: Experts

It could create trouble for both taxpayers and tax department in different situations Tax consultants and experts are seeing various irritants in the draft rules on calculation of fair market value......

Tax grievances? I-T dept to ensure 'e-nivaran'!

  The Income Tax department has launched a special electronic grievance redressal system called 'e-nivaran' in order to fast track taxpayer grievances and ensure early resolution of their......

I-T dept launches probe on firms with false tax claims

I-T department is investigating 20 listed companies suspected to have falsely claimed long-term capital gains tax exemption The income tax (I-T) department is investigating 20 listed companies......

I-T refunds worth Rs 1.22 lakh cr issued in FY'16

In 2015-16, more than 94 per cent of income tax returns were filed online and 4.14 crore returns were processed by the Central Processing Centre. The Income Tax department has issued 2.10 crore......

Maharashtra, Delhi pay 53% of India's income-tax

The government earned Rs 7.42 lakh crore as direct taxes in 2015-16, a 66 per cent increase from Rs 4.45 lakh crore in 2010-11 On 29 April 2016, Prime Minister Narendra Modi announced - for the......

IT department raids Sajid Nadiadwala's home, office

Producer Sajid Nadiadwala’s home and office in Mumbai were raided by the Income Tax department on the morning of December 8. The raid is expected to continue till Wednesday. According to......
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Need loan? Just raise your popularity level on Facebook, LinkedIn

MUMBAI: An individual's social worth may come to mean more than one's popularity with friends and colleagues. Social worth may become a tool to... ...

http://timesofindia.indiatimes.com/tech/tech-news/Need-loan-Just-raise-your-popularity-level-on-Facebook-LinkedIn/articleshow/52498712.cms
For a less taxing regime

Make IT laws less subjective, fix accountability of officers. Article 13 of the Constitution provides, The state should not make laws, which are... ...

http://www.financialexpress.com/article/economy/indian-express-column-for-a-less-taxing-regime/268636
Beware! The taxman may be listening to your phone calls

The income tax department is likely to increase the use of phone tapping in its crackdown on black money. The measure is currently used sparingly,... ...

http://m.hindustantimes.com/business/beware-the-taxman-may-be-listening-to-your-phone-calls/story-D5IeZ1TGWrMXmZ5FPtxNrL.html
Gadkari faces no pending probe, says IP department

The Income Tax department here in Maharashtra has said there was no inquiry or investigation pending against former BJP president Nitin Gadkari.The... ...

http://www.5dariyanews.com/news/30365-Gadkari-faces-no-pending-probe-says-IP-department
Man dies of suspected heat stroke

Bhopal: A 53-year-old man died in GTB complex here on Sunday morning. A case was later registered at TT Nagar police station. It is seventh... ...

http://timesofindia.indiatimes.com/city/bhopal/Man-dies-of-suspected-heat-stroke/articleshow/52498151.cms

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