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5 days after Reddy wedding in Bengaluru, income tax surveys on vendors

The Income Tax department on Monday conducted surveys on at least 10 locations of high-end event management firms, catering and multi-media service providers who were engaged for the extravagant......

Undisclosed incomes of Rs 3,651 cr detected after note ban

The Income Tax department on Friday said it has detected over Rs 3,651 crore of undisclosed income while more than Rs 98 crore in new notes has been seized as part of its country-wide operations......

Ensure that your TDS reaches the Income Tax department

Recently, a senior citizen received a notice from the Income Tax Department, asking her to pay Rs 30,000, the tax on her bank fixed deposits for assessment year 2013-14, along with interest, for......

Over 400 top-level posts lie vacant in the Income Tax department

Due to the vacancies 18 chief commissioners are holding additional charges going up to eight in some cases. Amid economic uncertainties owing to the pandemic, the government’s key revenue......

Startups face I-T department heat over funding through Singapore

The income-tax (I-T) department has issued showcause notices under Section 68 of the Income-Tax Act to several startups over funds routed through Singapore, seeking explanations for investments......

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......

6 common mistakes to avoid while filing income tax returns

With the online tax filing and automation of the tax process the number of mistakes made by taxpayers during filing of taxes have been reduced, but considering the importance of the information, a......

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......

Income Tax Department Rsquo

News for Income Tax Department Rsquo

5 days after Reddy wedding in Bengaluru, income tax surveys on vendors

Undisclosed incomes of Rs 3,651 cr detected after note ban

Ensure that your TDS reaches the Income Tax department

Over 400 top-level posts lie vacant in the Income Tax department

Startups face I-T department heat over funding through Singapore

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

6 common mistakes to avoid while filing income tax returns

IT department raids Sajid Nadiadwala's home, office

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