Chennai, April 4 (IANS) The Central government has extended the validity of Forms 15G and 15H submitted by fixed deposit holders during fiscal 2019-20, till June 30, a senior official of the All India Bank Employees’ Association (AIBEA) said on Saturday.
New Delhi, March 24 The Union Finance Ministry on Tuesday extended the deadline for filing income tax returns for the financial year 2018-19 till June 30, 2020 in a bid to provide relief amid the coronavirus crisis. Addressing the media
New Delhi, Aug 19 The Income Tax (I-T) Department has decided to adopt a more friendly approach in its dealings with the tax assessees, sources said on Sunday, following Finance Minister Nirmala Sitharaman’s call for a mindset change among tax
New Delhi, June 15 (IANS) Tightening the screw on tax evaders, the revised guidelines issued by the Income Tax (I-T) Department have made serious offences under black money and benami laws “generally” non-compoundable. This means that a person or entity would
New Delhi, April 17 The Income Tax department has notified changes in Form 16 that requires more details about deductions under tax saving schemes, investment in tax saving schemes and income from other sources. The amended form will come into
Jammu, March 14 Income tax (IT) Department teams carried out simultaneous raids at over 30 places in Jammu and Srinagar on Thursday, based on IT surveys carried out earlier in the state, an official said. Over 30 establishments including hotels,
New Delhi, Jan 30 Income Tax authorities recently issued summons and a show-cause notice to IL&FS Rail Ltd. After a search operation, various incriminating documents and digital data were found and seized from the premises of IL&FS Rail Ltd in
New Delhi, Jan 22 (IANS) The government on Tuesday asked those who have not yet filed their Income Tax Returns (ITRs) for assessment year 2018-19 to file the same within 21 days to avoid proceedings under the Income Tax Act. The
New Delhi, Sep 25 The government on Monday extended the last date for filing of income tax returns and audit reports by companies for assessment year 2018-19 to October 15 from September 30, an official statement said. However, the Central
Mumbai, May 27 Apparently failing to recover massive tax dues from various corporate tax-payers in the country, the Income Tax Department (ITD) has now started “writing off” thousands of crores of tax arrears by such defaulters, according to RTI replies.
New Delhi, April 30 The Income Tax Department has sent a second notice to Deepak Kochhar, husband of ICICI Bank Chief Executive Chanda Kochhar, who is facing conflict of interest questions over the bank’s Rs 3,250-crore loan to the Videocon
New Delhi, March 29 The Income Tax Department on Thursday published a countrywide list of 24 defaulting individuals and companies who are currently either untraceable or have reported assets inadequate for payment of their dues. In full-page advertisements issued in
Chennai, Nov 28 Income Tax (IT) officials on Tuesday raided 33 premises in Tamil Nadu here and Madurai belonging to three business groups. It is a follow-up to its earlier searches linked to jailed AIADMK leader V.K. Sasikala’s kin and
Chennai, Nov 9 Income Tax (IT) officials on Thursday raided 187 locations belonging to relatives of jailed AIADMK leader V.K. Sasikala, her nephew T.T.V. Dinakaran and organisations connected to them in several cities, said a senior IT official. He said
New Delhi, Aug 29 (IANS) The Indian Income Tax department has slapped a penalty of Rs 7,900 crore on the tax demand of the same amount on CK Hutchison Holdings Ltd for the sale of its mobile phone business to Vodafone
New Delhi/Patna, May 16 The Income Tax Department on Tuesday conducted raids at 22 places in and around Delhi in connection with RJD chief Lalu Prasad Yadav and his family in an alleged “benami” property case. This comes a day after
New Delhi, April 5 India’s Income Tax Department has specified a list of equity share sale transactions that will have to comply with the latest Budget provision and pay long-term capital gains tax if Securities Transaction Tax has not been
New Delhi, Nov 15 Come 2017, and the Income Tax department is preparing to serve notices on all those now depositing money in banks that is disproportionate to their known sources of income. Informed sources said the department will start
New Delhi, April 4 The income tax department has introduced ‘e-filing vault’ for taxpayers to secure their online filings against any fraud.“To use this facility, taxpayers can log into their e-filing account and under their profile page select ‘E-filing Vault
New Delhi, Dec 13 The government said Rs.4,479 crore is held in Swiss bank accounts owned by Indians who figured in the HSBC Bank list and the Income Tax Department has initiated action against 79 such account holders. The concerned
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