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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......

We are not hawala operators, say Mumbai's Angadias

A day after the income tax department and the National Investigation Agency seized 102 bagful of cash and jewellery, it was business as usual at the offices of Angadias at Bhuleshwar, Opera House,......

No amnesty scheme to check black money: Govt

The Income Tax Department has not recommended 'amnesty scheme' to deal with the issue of black money, the government said on Wednesday. In a written reply to the question if the Central Board of......

Kripa assets case: Police may seek help of I-T dept, ED

Mumbai police is likely to take assistance of the Income Tax department and the Enforcement Directorate for probe into the disproportionate assets case involving senior Congress leader Kripashankar......

I-T repatriates Kejriwal's wife, posts her in Delhi

The income tax department has repatriated Sunita Kejriwal, senior Indian Revenue Service officer and wife of Team Anna member Arvind Kejriwal who was recently in the midst of a row with the......

Cairn India gets Rs 20,495 crore tax notice

Income Tax Department has slapped a Rs 20,495 crore (Rs 204.95 billion) tax demand on Cairn India for failing to deduct withholding tax on alleged capital gains made by its erstwhile promoter,......

Black money: I-T dept to file 100 complaints in court

The Income Tax department is set to launch over 100 fresh prosecution complaints for "wilful" evasion of taxes against those entities and individuals whose names have figured in the HSBC, Geneva......

India will soon drag HSBC Geneva to court

The entire HSBC list features names of 1,668 Indians The Income Tax department is soon expected to file a complaint against HSBC bank, Geneva, for allegedly "abetting" tax evasion in India by way......

I-T dept loses Rs 18,000 cr case against Shell

On the heels of it losing a similar case against telecom major Vodafone, the Income Tax department lost its Rs 18,000-crore (Rs 180 billion) transfer pricing cases against oil major Shell India at......

Mr Jaitley, why is the income tax department hiding data?

Our income tax department should bring out monthly bulletins as well as annual reports providing insights into the nature of our direct tax segments, says R Vaidyanathan. Palaniappan Chidambaram,......

I-T dept conducts surveys in offices of IPL franchises

Income Tax authorities conducted surveys at the offices of Indian Premier League team franchises Pune Warriors in Pune and Mumbai and Royal Challengers Bangalore offices in the southern city as......

Special unit to handle BCCI-IPL tax cases

The Income Tax department has created a special audit team to bring together the scattered assessment and investigation proceedings of the BCCI and the IPL spread across the country. Tax......

IPL stars may lose one-fifth of earnings as tax

The Income Tax department which is probing all financial transactions of the Indian Premier League (IPL) has advised all foreign players to obtain PAN cards, failing which they will have to pay......

Lalit Modi on underworld hit list: Police

Former Indian Premier Leaguecommissioner Lalit Modi, who is under the scanner of the Income Tax department for suspected financial irregularities in the bidding process of the Twenty20......

IT summons: BCCI officials submit IPL documents

Responding to the Income Tax department's summons, the BCCI on Friday furnished before it complete details, including share holding pattern, player auction and bidding process of all eight original......
  Web results for Indian Income Tax Department
Swimming in a sea of sharks

It is perhaps only in India that Non-Performing Assets (NPAs) for government banks can reach an astronomical Rs 2,60,531 crores. So alarming is the... ...

http://www.millenniumpost.in/NewsContent.aspx?NID=112611
Fourth quarter results paint a grim picture

Mumbai: Indian companies are on track for their worst earnings season in more than two years on weak demand for goods and services, adding to... ...

http://www.livemint.com/Companies/zkclGAwjs4X7c3yy01gPWJ/Corporate-earnings-paint-a-grim-picture.html
Throwing investors on the MAT

12:04 am Mumbai : Way back in 2002 income tax authorities discovered that the plethora of concessions in the Income Tax Act (ITA) that were... ...

http://www.freepressjournal.in/throwing-investors-on-the-mat/
Save The Internet, Zomato Food Delivery, Facebook Hello, TCS Sued & More…

It’s time to do a quick wrap-up of posts published on Trak.in last week. If you were offline for any reason, this wrap-up will give you an... ...

http://feedproxy.google.com/~r/trakin/~3/YMFptFIgH7w/
Here's what taxpayers & experts want

The reaction to the Income Tax Department notifying the new ITR forms for the current assessment year has been outrage. The forms requiring an... ...

http://economictimes.indiatimes.com/wealth/tax-savers/tax-news/changes-in-new-itr-forms-heres-what-taxpayers-experts-want/articleshow/47048419.cms

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