News for 'Income-Tax department'

Even after a week, new I-T e-filing portal continues to face glitches

Even after a week, new I-T e-filing portal continues to face glitches

Rediff.com14 Jun 2021

A week after the Income Tax Department's much publicised new e-filing portal went live, users continued to face technical glitches ranging from longer than usual logging time, inability to respond to notices and not all features functioning yet, chartered accountants said on Monday. The new portal, "http://www.incometax.gov.in/"www.incometax.gov.in, was launched last Monday (June 7), which the tax department as well as the government said was aimed at making compliance more taxpayer-friendly. But users complained of technical issues facing the site from the very first day and not everything has been fixed even after a week, chartered accountants (CAs) said, adding that taxpayers are unable to view past e-filed returns and many features/ facilities continue to be marked 'coming soon'. Finance Minister Nirmala Sitharaman herself had asked Infosys - the vendor which created the portal - and its Chairman Nandan Nilekani to fix the technical glitches.

ED raids National Herald office in Delhi, 11 other locations

ED raids National Herald office in Delhi, 11 other locations

Rediff.com2 Aug 2022

The Enforcement Directorate (ED) on Tuesday raided a dozen locations including the head office of the Congress party-owned National Herald newspaper in New Delhi as part of an ongoing money laundering probe, officials said.

'Bogus, untenable': NewsClick trashes Delhi police FIR

'Bogus, untenable': NewsClick trashes Delhi police FIR

Rediff.com7 Oct 2023

NewsClick said that none of these investigations led to any chargesheets or complaints over the last three years."

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

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

Rediff.com9 Nov 2011

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 government over pending service dues.

Tax Refund: 'No Response From IT Dept'

Tax Refund: 'No Response From IT Dept'

Rediff.com25 Nov 2022

Mihir Tanna, Associate Director, S K Patodia & Associates, answers your tax queries.

Kejriwal slapped with fresh I-T notice on dues

Kejriwal slapped with fresh I-T notice on dues

Rediff.com21 Oct 2011

Team Anna member Arvind Kejriwal has been slapped with a fresh notice by the Income Tax Department, asking the former IRS officer to pay over Rs nine lakh in dues by this month-end.

E-filing of I-T returns up 140%

E-filing of I-T returns up 140%

Rediff.com2 Aug 2011

Total number of income-tax returns filed in 2010-11, both electronically and manually, was around 29.6 million.

Mining ban: IT dept takes Rs 3,000 cr hit

Mining ban: IT dept takes Rs 3,000 cr hit

Rediff.com31 Dec 2012

The Income Tax department is taking a hit of up to Rs 3,000 crore in tax collection following a Supreme Court-enforced ban on mining activity in Karnataka and Goa, a key IT department official said.

ED books BBC India for foreign exchange violations, seeks documents

ED books BBC India for foreign exchange violations, seeks documents

Rediff.com13 Apr 2023

The federal probe agency has also called for documents and the recording of statements of some company executives under provisions of the FEMA, they said.

PNB scam: Senior Nirav Modi official Vipul Ambani arrested

PNB scam: Senior Nirav Modi official Vipul Ambani arrested

Rediff.com20 Feb 2018

The Income Tax Department on Tuesday also raided 20 premises linked to Gitanjali Gems promoter Mehul Choksi and suspected shell firms in connection with an alleged tax evasion case against them, official sources said.

Mahindra Satyam to challenge I-T notice

Mahindra Satyam to challenge I-T notice

Rediff.com24 Aug 2011

IT firm Mahindra Satyam is likely to approach the Andhra Pradesh High Court challenging the Rs 2,114 crore (Rs 21.14 billion) income tax demand raised by the I-T Department.

Filing IT returns? All about the new forms

Filing IT returns? All about the new forms

Rediff.com25 May 2011

Guide to the new income tax return, ITR, forms Sahaj and Sugam to help you identify which ITR form to pick for filing your tax return in 2011.

Cairn India gets Rs 20,495 crore tax notice

Cairn India gets Rs 20,495 crore tax notice

Rediff.com13 Mar 2015

Cairn India said it has always been fully compliant with all Indian income tax laws.

LG India gets tax demand on high advertising spend

LG India gets tax demand on high advertising spend

Rediff.com25 Feb 2013

Tribunal ruling in I-T's favour may open floodgates to claims against other MNCs.

Taxpayers have to disclose bank accounts, foreign travel to I-T

Taxpayers have to disclose bank accounts, foreign travel to I-T

Rediff.com17 Apr 2015

Taxpayers will have to disclose all bank accounts held by them in India.

Dhoni top tax payer in Jharkhand

Dhoni top tax payer in Jharkhand

Rediff.com24 Oct 2007

The Income Tax department is expecting around Rs four crore from the dashing cricketer, who has already paid Rs 73 lakh as advance tax.

Govt raises tax litigation bar for officials

Govt raises tax litigation bar for officials

Rediff.com9 Mar 2011

The new limits for filing appeals by the Income Tax department before the Income Tax Appellate Tribunal (ITAT), high courts and the Supreme Court have been revised to Rs 3 lakh, Rs 10 lakh and Rs 25 lakh, respectively, from Rs 2 lakh, Rs 4 lakh and Rs 10 lakh.

New tax return forms: some confusion

New tax return forms: some confusion

Rediff.com30 Jul 2007

Contrary to the income tax department's hopes, many taxpayers continue to attach annexures (documents like tax deducted at source certificates etc) with the so-called annexure-less tax return forms introduced from this year.

Show-cause notice to Amazon India over Rs 175 cr tax demand

Show-cause notice to Amazon India over Rs 175 cr tax demand

Rediff.com13 Jan 2021

Probe has allegedly found calculation errors by Amazon. The company paid higher GST but instead of claiming refund took wrong input tax credit.

New tax portal a mess, why change during ITR filing time, says Tharoor

New tax portal a mess, why change during ITR filing time, says Tharoor

Rediff.com6 Jul 2021

Senior Congress leader Shashi Tharoor on Tuesday attacked the Centre over the glitches in the new income tax portal, alleging that even after spending Rs 4,200 crore on it, the government had "failed" to make it user-friendly and created a "mess" instead.

I-T dept to study returns filed by market players

I-T dept to study returns filed by market players

Rediff.com11 Feb 2010

The Income Tax Department has decided to scrutinise all returns filed by brokers and market players who seek rebate after paying the securities transaction tax (STT).

CBDT mops up Rs 6 lakh cr in direct tax collection so far

CBDT mops up Rs 6 lakh cr in direct tax collection so far

Rediff.com14 Nov 2019

The income tax department has also launched a faceless e-assessment scheme to eliminate interface between an assessing officer and a taxpayer.

Tax dept will continue sending letters to non-filers: FinMin

Tax dept will continue sending letters to non-filers: FinMin

Rediff.com25 Mar 2013

The letters contain summary of information about financial transactions along with customised response sheet with a view to know why the person has not filed the income tax return.

FinMin plans 100% I-T e-refunds

FinMin plans 100% I-T e-refunds

Rediff.com18 Mar 2013

Tax department plans to link PAN with the bank account number to eliminate the scope of the amount being transferred to a wrong account number.

7 common tax filing mistakes people commit

7 common tax filing mistakes people commit

Rediff.com3 Sep 2015

Today one can easily file returns online.

Taxmen raid houses of Kamal Nath's aides; cops clash

Taxmen raid houses of Kamal Nath's aides; cops clash

Rediff.com7 Apr 2019

The searches are linked to suspected movement of hawala money during the ongoing polls season and tax evasion, they said.

After Shell, Hindalco faces transfer pricing tax notice

After Shell, Hindalco faces transfer pricing tax notice

Rediff.com11 Feb 2013

Claim could be over fee for guarantees given for loans to acquire Novelis.

What Will FM's Budget Speech Focus On?

What Will FM's Budget Speech Focus On?

Rediff.com30 Jan 2025

The finance minister, in her Budget speech, should focus more on what she is directly responsible for, rather than on programmes where her role is largely supportive, notes Nitin Desai.

I-T sends letters to 35,000 assessees for not filing returns

I-T sends letters to 35,000 assessees for not filing returns

Rediff.com25 Jul 2013

With this batch, the department has now issued letters in 210,000 high priority cases.

HC defers Vodafone case to Aug 2

HC defers Vodafone case to Aug 2

Rediff.com8 Jul 2010

The Bombay High Court on Thursday deferred till August 2 the hearing on an appeal filed by Vodafone International challenging income tax department's decision to levy tax on the company for acquiring stake of Hutchison International in Hutchison-Essar in a $11.1 billion deal in February 2007.

Deductions claimed? Keep documents ready

Deductions claimed? Keep documents ready

Rediff.com9 May 2019

Employers will now need to furnish detailed break-up of exemptions that an employee has claimed.

EC Lavasa's son under ED scanner for FEMA violations

EC Lavasa's son under ED scanner for FEMA violations

Rediff.com12 Nov 2019

The trouble for Ashok Lavasa's family began a few months back when his wife, Novel Singhal Lavasa, came under the scanner of the income tax department on charges of alleged tax evasion.

'Can my tax filing mistakes be corrected?'

'Can my tax filing mistakes be corrected?'

Rediff.com20 Dec 2022

Mihir Tanna, Associate Director, S K Patodia & Associates, answers your tax queries.

'15% surcharge on total income of Rs 50 lakh is wrong'

'15% surcharge on total income of Rs 50 lakh is wrong'

Rediff.com17 Jan 2023

Mihir Tanna, Associate Director, S K Patodia & Associates, answers your tax queries.

NGOs cry 'witch-hunt' after tax notices

NGOs cry 'witch-hunt' after tax notices

Rediff.com21 Feb 2012

Some of the notices are not only for taxes but for cancellation of the NGOs' registration as non-profit entities under the Income Tax Act.

IT raids UP, Delhi properties of liquor baron Ponty Chadha

IT raids UP, Delhi properties of liquor baron Ponty Chadha

Rediff.com1 Feb 2012

The premises of Uttar Pradesh-based liquor baron and businessman Ponty Chadha were on Wednesday searched by the income tax department in the state and at locations in Delhi in connection with alleged tax evasion.

Mayawati pays Rs 15 crore advance tax

Mayawati pays Rs 15 crore advance tax

Rediff.com16 Jan 2008

She had shown some cash and other assets as gifts from party men "given to her out of love and affection", an argument the department rejected.

Direct tax collection grows 26% from April-Nov

Direct tax collection grows 26% from April-Nov

Rediff.com31 Jan 2023

The gross tax revenues have touched 65 per cent of the Budget estimates at Rs 17.81 lakh crore during the first eight months of the current fiscal till November, propelled by corporate and personal income tax mop-up, according to the Economic Survey 2022-23 presented in Parliament on Tuesday. The survey, authored by Chief Economic Advisor V Anantha Nageswaran, said the 'substantial reforms' in India's taxation ecosystem post-2014 and policy reforms have removed the distortionary incentives from the economy. Reforms like GST, reduction in corporate taxes, exemption of sovereign wealth funds and pension funds from taxes, and removing Dividend Distribution tax have reduced the tax burden on individuals and businesses.

Hacker makes off with Rs 11 crore I-T refund

Hacker makes off with Rs 11 crore I-T refund

Rediff.com25 Jan 2010

The Central Board of Direct Taxes has suggested to income tax departments across the country to go slow on refunds for at least a fortnight.

How to make filing income tax returns easier

How to make filing income tax returns easier

Rediff.com28 Apr 2015

Taxpayers might face several issues while filing returns this year.