News for 'Income Tax department'

Excise policy: AAP's Goa poll kickbacks detected in I-T, CBI probes, says ED

Excise policy: AAP's Goa poll kickbacks detected in I-T, CBI probes, says ED

Rediff.com31 Mar 2024

Statements of five 'Angadiya' firm operators have also been recorded by the ED to establish the "money trail" of this alleged Rs 45 crore bribe amount.

Aadhaar must for filing IT returns from July 1: CBDT

Aadhaar must for filing IT returns from July 1: CBDT

Rediff.com10 Jun 2017

I-T said that the Supreme Court on Friday had only given a "partial relief" to those who do not have an Aadhaar.

18 lakh persons under I-T lens for 'suspicious' cash deposits

18 lakh persons under I-T lens for 'suspicious' cash deposits

Rediff.com31 Jan 2017

They will have to reply within 10 days to avoid any notice from the tax department or further enforcement action.

Filing IT returns? What you must know

Filing IT returns? What you must know

Rediff.com11 Jun 2018

If you miss the July 31 deadline, there is a late filing fee of up to Rs 10,000. Also, you cannot file returns beyond March 31, 2019.

Wipro gets fresh tax demand of Rs 816 cr

Wipro gets fresh tax demand of Rs 816 cr

Rediff.com13 Jun 2013

The Bengaluru-headquartered company said the 'draft assessment order' from tax authorities for 2008-09 fiscal has arised primarily due to denial of deduction under section 10A of the Income Tax Act, 1961, in respect of profit earned by its undertaking in the Software Technology Park at Bengaluru.

Ketan Parekh owes Rs 12,000 crore in taxes!

Ketan Parekh owes Rs 12,000 crore in taxes!

Rediff.com25 Oct 2004

Of the total tax arrears, the two scam-tainted brokers -- Ketan Parekh and late Harshad Mehta -- accounted for Rs 30,000 crore (Rs 300 billion).

ED summons Amrinder's son in FEMA violation case

ED summons Amrinder's son in FEMA violation case

Rediff.com5 Jun 2016

When contacted, Raninder said said he has nothing to hide and was willing to cooperate on the issue.

Hero MotoCorp refutes report of false expense claims

Hero MotoCorp refutes report of false expense claims

Rediff.com30 Mar 2022

Two-wheeler market leader Hero MotoCorp has denied the report of the IT Department finding Rs 1,000 crore false expense claims, saying it is speculative. The company said officials from the Income Tax department visited its offices in the previous week, and it has provided all support and cooperation, necessary documents and data to the authorities and will continue to do so if required. "The allegations made in the press report are not borne out of any documents that have been served on us or our internal documents.

PAN-Aadhaar linking date extended to Dec 31

PAN-Aadhaar linking date extended to Dec 31

Rediff.com28 Sep 2019

This is the seventh time that the government has extended the deadline for individuals to link their PAN with Aadhaar.

Faceless tax e-assessment begins; 58,222 notices sent

Faceless tax e-assessment begins; 58,222 notices sent

Rediff.com8 Oct 2019

Though the system is called faceless, it would have a room for inviting tax payers through video conferencing.

Sitharaman's 4-pronged attack on tax leakages

Sitharaman's 4-pronged attack on tax leakages

Rediff.com15 Jul 2019

In this Budget, too, there were a number of measures aimed at plugging tax leakages and ensuring greater compliance, says Sanjay Kumar Singh.

Non-resident taxpayers can now manually file Form 10F till March 31

Non-resident taxpayers can now manually file Form 10F till March 31

Rediff.com14 Dec 2022

The income tax department has allowed non-resident taxpayers not having PAN to file Form 10F manually till March 31, 2023, a move which would ease their compliance burden and enable them to claim lower TDS rate. The Central Board of Direct Taxes (CBDT) had in July made it mandatory for non-resident taxpayers to file Form 10F electronically to claim benefit of lower Tax Deducted at Source (TDS). However, taxpayers faced problems in electronic filing of the form as the income tax portal did not allow a taxpayer who does not have a Permanent Account Number (PAN) to file Form 10F.

Redefined in Budget 2020: Who's an Indian resident

Redefined in Budget 2020: Who's an Indian resident

Rediff.com13 Feb 2020

No attention to detail seems to have been paid while introducing such a major provision and the wide arc of people it will take in its ambit, states Harsh Roongta.

What You Must Know About Revised ITR

What You Must Know About Revised ITR

Rediff.com10 Aug 2023

Through a revised return, you can make changes to your ITR and even end up paying lower tax.

ED team raids former CM Bhupesh Baghel's premises, alleges attack

ED team raids former CM Bhupesh Baghel's premises, alleges attack

Rediff.com11 Mar 2025

The Enforcement Directorate on Monday raided the premises of former Chhattisgarh chief minister and senior Congress leader Bhupesh Baghel as part of a money laundering investigation against his son in the alleged liquor scam case and seized about Rs 30 lakh apart from some documents, official sources said.

Vodafone tax case: HC allows penalty proceedings to go on

Vodafone tax case: HC allows penalty proceedings to go on

Rediff.com29 Jun 2016

It also issued notice to the Centre and the IT department on Vodafone's plea.

Govt brings bill to drop retro tax with eye on Cairn, Voda awards

Govt brings bill to drop retro tax with eye on Cairn, Voda awards

Rediff.com5 Aug 2021

The government on Thursday brought a bill in the Lok Sabha to withdraw all back tax demands on companies such as Cairn Energy and Vodafone and said it will refund the money collected to enforce such levies.

Tax raids on minister hosting Guj Congress MLAs; Rs 10cr seized

Tax raids on minister hosting Guj Congress MLAs; Rs 10cr seized

Rediff.com2 Aug 2017

Karnataka energy minister Shivkumar was in-charge of hospitality for all Congress Gujarat MLAs.

India Inc's advance tax mop-up surges 171% in Q1

India Inc's advance tax mop-up surges 171% in Q1

Rediff.com18 Jun 2019

Mumbai collected Rs 17,174 crore of advance taxes against Rs 7,356 crore in the same period last year. The tax authorities believe that such a staggering growth rate is a positive sign for the economy.

Cairn Energy seeks compensation from India on tax demand

Cairn Energy seeks compensation from India on tax demand

Rediff.com24 Mar 2015

Cairn Energy of UK is seeking compensation from the Government of India.

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