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Declare black money by March 31 or face penalty: warns I-T Dept

24 March 2017 9:17 AM GMT
With the scheme to declare unaccounted income coming to an end on March 31, the income tax department on Friday warned black money holders to make...

Benami assets 'linked' to Delhi minister attached: I-T

5 March 2017 11:19 AM GMT
The Income Tax department has provisionally attached 'benami assets' allegedly linked to Delhi Health Minister Satyender Jain in a case of illegal...

Revenue secretary meddles in CBDT transfers

13 July 2012 8:33 AM GMT
Sparks are expected to fly again as the placement committee of the Central Board for Direct Taxes (CBDT) of the Income Tax Department meets on Friday...

Galgotia group concealed Rs 42 crore income

28 Jun 2012 1:05 PM GMT
A list of the concealed income admitted to the tune of over Rs 600 crores in the past two years by director of Income Tax (Investigations), Kanpur,...

IT probe against parties to check evasion

21 Jun 2012 1:23 AM GMT
The Income Tax department has launched a probe against a number of political parties as well as charitable and religious trusts after it found that...

Tax notice slapped on Ramdev's trusts

18 May 2012 4:48 AM GMT
Yoga guru Ramdev's trusts have lost their exemption from payment of income tax and have been slapped a notice of Rs 58 crore demand on the sale of...

Anti-austerity anger in Italy

17 May 2012 11:47 PM GMT
Italian Prime Minister Mario Monti gave his full backing on Thursday to tax agency Equitalia, which has become a target for militant attacks and a...

Chiranjeevi dismisses link with IT raids

15 May 2012 6:15 AM GMT
Actor-politician Chiranjeevi on Monday dismissed news reports linking him with the raids at the premises of his son-in-law and some of his distant...

Liquor baron reports Rs 175 cr ‘undisclosed’ income

15 May 2012 5:38 AM GMT
Three months after the income tax (IT) department conducted searches on his businesses, the liquor baron Ponty Chadha is said to have reported Rs 175...

Indian budget has a global dimension

9 May 2012 4:04 AM GMT
Responding to the strident criticisms of his budget proposals for introduction of retrospective effect to tax law changes going back to 1962, the...

Government may consider waiving tax penalties

7 May 2012 2:11 AM GMT
Faced with criticism over the proposed amendments to tax laws with retrospective effect, the government may dilute the provisions to allow waiver of...

Retrospective IT changes won't hurt FDI: Government

5 May 2012 1:00 PM GMT
The government on Friday said its proposal to amend the Income Tax (IT) Act with retrospective effect to tax Vodafone-type merger and acquisition...
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