For 2015-16, the planned outlay for the department was Rs 2,568 crore.
The Income Tax department is set to overhaul its official website for better taxpayer interface and has invited suggestions from public in order to make the portal more user friendly.
Several professors of Jawaharlal Nehru University and other institutions have accused a former JNU employee of duping them of crores of rupees promising them homes on a Delhi Development Authority (DDA) plot under a housing development scheme which was never there.
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.
The company, which had made voluntary disclosures about the bribery incident to the US authorities, also said with this resolution, there was no pending investigations against Cognizant.
CBDT has directed officials to start scrutinising information from tax evasion petitions, and take them up on a priority basis.
News portal The Wire has filed a police complaint against its former consultant Devesh Kumar in connection with a 'fabricated' story related to the BJP's IT department head Amit Malviya, a senior police officer said.
The state is planning an event similar to PM Narendra Modi's Startup India.
Personal data of thousands of people in India has been leaked from a government server which includes their name, mobile number, address and Covid test result, and these information can be accessed through online search.
Tamil Nadu Governor P S Ramamohan Rao today disagreed with the contention that the Indian industries were slowly perishing due to globalisation and entry of multi-national companies.
Full list of the rejigged Union Council of Ministers
Tax consultants and chartered accountants have started receiving a flurry of calls from their clients - both corporate and individuals - seeking clarity over changes in the reassessment regime made during the recently concluded Budget Session of Parliament. Tax experts apprehend the amendments may lead to the income-tax (I-T) department sending out more notices. The new provisions, effective from April 1, have extended the scope for tax sleuths to reopen the past assessments.
The total number of 1,190 in 2007 is much higher than the corresponding two months in 2006, when only 151 websites in January and 178 websites were defaced in February 2006.
A local civil court in Hyderabad has issued an interim stay restraining Netflix from airing its web series Bad Boy Billionaires-India on a petition filed by B Ramalinga Raju who was convicted in the multi-crore accounting scandal of Satyam Computer Services Limited. The XXV Additional Chief Judge B Prathima, while issuing notices to Netflix Inc in USA, Netflix Entertainment Services India LLP and the nodal officer, department of electronics and information technology, posted the matter for further hearing on November 18 when the plea came up on Tuesday.
The South Korea based Intellect Inc on Monday signed a memorandum of understanding with Andhra Pradesh government to set up India's first silicon chip manufacturing facility on the city outskirts with an investment of $600 million.
The department of information technology has constituted a group to study the Chinese infotech market and suggest ways and means to explore that market for Indian companies.\n\n\n\n
A suspected Chinese spy balloon, said to be the size of three buses, was spotted over the United States' airspace, the Pentagon has said, a development that has further strained the already tense bilateral ties as Secretary of State Antony Blinken on Friday abruptly postponed his key visit to Beijing.
Arun Kumar Singh, former chairman of oil refining and marketing company BPCL, was on Wednesday appointed chairman and managing director of ONGC -- the first instance of a retired person being appointed the head of a Maharatna PSU. "The Appointments Committee of Cabinet (ACC) has approved the proposal of ministry of petroleum and natural gas for appointment of Arun Kumar Singh, ex-CMD, BPCL as chairman, ONGC for a three-year tenure with effect from the date of his assumption of charge of the post," an official order said. PTI first reported of Singh's appointment on November 17.
Income-Tax authorities on Thursday began searches on the premises of a leading information technology company, two clearing agents and a glass company as part of a drive to unearth unaccounted transactions.
Online booking started on February 18 but the site soon crashed.
Production at every automotive facility, offices of information technology firms and retail establishments in the state remained shut on Tuesday as a mark of respect to the late chief minister.
Taking the supporters of Telangana supporters by surprise the Union government has given its nod to the ambitious Information Technology Investment Region proposal for Hyderabad which envisions an investment of Rs 2.19 lakh crore in and around the city over the next 25 years.
During 2006-07, electronics and IT exports are estimated to be Rs 1,53,300 crore (Rs 1,533 billion), compared to Rs 1,13,725 crore (Rs 1,137.25 billion) in FY05-06, a growth of about 35 per cent.
NITI Aayog had been asking for Rs 7,500 crore for three years to set up an AI framework.
The Indian IT companies, which account for a large number of H-1B applications, are likely to face the additional financial burden because of this proposed increase in H-1B filing fees.
After failing to draw sufficient investments for its functioning, the much-touted Media Lab Asia project may be wound up with the department of information technology planning to make it a purely government-aided research and development outfit.
Investigation has revealed that the Special Force Operation team had not followed the Standard Operating Procedure and the Rules of Engagement
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