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Centre extends validity of Forms 15G, 15H till June 30

Centre extends validity of Forms 15G, 15H till June 30

🕔18:39, 4.Apr 2020

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.

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Govt extends deadline for IT return filing till June 30

Govt extends deadline for IT return filing till June 30

🕔16:11, 24.Mar 2020

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

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I-T department to adopt ‘taxpayer friendly’ approach

I-T department to adopt ‘taxpayer friendly’ approach

🕔10:28, 19.Aug 2019

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

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New compounding rules make it difficult for tax evaders to get away

New compounding rules make it difficult for tax evaders to get away

🕔19:47, 15.Jun 2019

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

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Income Tax dept revises Form 16 for more details

Income Tax dept revises Form 16 for more details

🕔06:47, 17.Apr 2019

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

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IT raids at over 30 places in Jammu, Srinagar

IT raids at over 30 places in Jammu, Srinagar

🕔20:05, 14.Mar 2019

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,

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Income Tax department draws bead on hawala operator behind Rapid Metro Gurgaon

Income Tax department draws bead on hawala operator behind Rapid Metro Gurgaon

🕔09:30, 30.Jan 2019

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

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CBDT asks non-filers to file ITRs within 21 days

CBDT asks non-filers to file ITRs within 21 days

🕔08:05, 23.Jan 2019

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

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Companies get time till Oct 15 to file ITR, audit reports

Companies get time till Oct 15 to file ITR, audit reports

🕔10:14, 25.Sep 2018

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

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Income Tax Dept ‘writes off’ huge arrears, show RTI replies

Income Tax Dept ‘writes off’ huge arrears, show RTI replies

🕔18:50, 27.May 2018

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.

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Income Tax Department sends second notice to Deepak Kochhar

Income Tax Department sends second notice to Deepak Kochhar

🕔19:40, 30.Apr 2018

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

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Income Tax Office issues list of defaulters, some untraceable

Income Tax Office issues list of defaulters, some untraceable

🕔20:48, 29.Mar 2018

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

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IT raids 33 places in Tamil Nadu

IT raids 33 places in Tamil Nadu

🕔10:55, 28.Nov 2017

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

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IT raids relatives of Sasikala, Dinakaran

IT raids relatives of Sasikala, Dinakaran

🕔13:22, 9.Nov 2017

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

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I-T department imposes Rs 7,900 cr penalty on Hutchison

I-T department imposes Rs 7,900 cr penalty on Hutchison

🕔20:42, 29.Aug 2017

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

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Lalu’s benami property case: IT raids 22 locations

Lalu’s benami property case: IT raids 22 locations

🕔12:03, 16.May 2017

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

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CBDT proposes tax benefits for genuine equity deals

CBDT proposes tax benefits for genuine equity deals

🕔10:46, 4.Apr 2017

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

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Income tax department launches vault facility to make e-filing secure

Income tax department launches vault facility to make e-filing secure

🕔15:43, 4.Apr 2016

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

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Black money: SIT says Rs.4,479 crore in HSBC

Black money: SIT says Rs.4,479 crore in HSBC

🕔10:25, 13.Dec 2014

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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