February 22, 2024 15:19 (IST)
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PM Modi inaugurates 9th edition of Raisina Dialogue in Delhi, his Greece counterpart calls India a 'great power' | NHRC sends notices to Bengal Chief Secy, DGP on Sandeshkhali incidents, seeks reports within 4 weeks | ED grills TMC MP Dev for 8 hours in cattle smuggling case in Delhi | ED grills TMC MP Dev for 8 hours in cattle smuggling case in Delhi | BJP is weakening democracy, suppressing voice of Dalits: Rahul Gandhi

Polycab India plunges 22% as I-T dept recovers 'unaccounted sales' of Rs 1,000 crore

Mumbai: Polycab India's shares witnessed a sharp decline of 22 percent in morning trade on January 11 following revelations by the income tax department about the discovery of around Rs 1,000 crore in "unaccounted cash sales" during raids on the company's offices the day before, media reports said.

Govt extends tenure of CBDT Chairperson Nitin Gupta

New Delhi: CBDT Chairperson Nitin Gupta, a 1986-batch IRS officer, received a nine-month extension in service on a contract basis from the Union government on Saturday, media reports said.

Finance Ministry agencies confiscate immovable properties worth Rs 1.11 trn in 6 years

New Delhi: The enforcement agencies under the Finance Ministry have seized immovable assets worth around Rs 1.11 trillion during the last six years, the ministry informed Parliament.

CBDT extends due date for filing returns till Nov 7

New Delhi: The Central Board of Direct Taxes (CBDT) has extended the due date for furnishing income tax returns for the assessment year 2022-23 to November 7, 2022.

PAN, Aadhaar numbers mandatory for cash withdrawals and deposits above this amount. Find out the details

New Delhi: Customers have to furnish PAN or Aadhaar numbers if cash withdrawals and deposits in a financial year cross Rs 20 lakh and also to open a current account or cash credit account with a bank.

Budget provided maximum relief to taxpayers: CBDT Chairman

New Delhi/UNI: The focus of the Budget has been to provide maximum relief to the taxpayers by making significant changes in the income tax processes, Central Board of Direct Taxes (CBDT) Chairman JB Mohapatra said here on Wednesday

CBDT issues Rs 1.54 lakh cr in refunds to income taxpayers

New Delhi/IBNS: The income tax department on Thursday said it has issued refunds of over Rs 1.54 lakh crore to more than 1.59 crore taxpayers so far this fiscal.

Draft rules to implement the law for scraping retro tax provisions framed

New Delhi/UNI: The government has framed draft rules to implement the recent amendment in Income Tax Act to scrap retrospective tax provisions.

Amid Covid pandemic, deadline for filing income tax returns extended till Sept 30

New Delhi/IBNS: As the country is raving under the heat of the second wave of Coronavirus, the Centre on Thursday extended the due date of filing income tax returns (ITR) for the financial year 2020-21 by two months till Sept 30 to give relief to taxpayers.

Income Tax Dept issues 10.2 lakh refunds worth Rs 4,250 crores in one week

New Delhi/IBNS: The Income Tax department has released 10.2 lakh refunds worth Rs 4,250 crores in a week's time, the Central Board of Direct Taxes (CBDT) said on Wednesday.

CBDT denies allegations of Nirav Modi investigation documents being destroyed in Mumbai Scindia House fire

Mumbai, Jun 4 (IBNS): The Union Ministry of Finance, on Monday, in a release refuted the allegations that records and documents relating to investigation into the Nirav Modi/Mehul Choksi case have been destroyed in the Scindia House fire in Income Tax Office in Mumbai.

I-T Dept. has issued notices to 1 lakh crypto currency investors: CBDT chairman

New Delhi, Feb 6 (IBNS): The Income Tax Department has issued about one lakh notices to people who have invested in crypto currencies like Bitcoin and have not declared it in their income tax return, CBDT (Central Board of Direct Taxes) chairman, Sushil Chandra said at an ASSOCHAM event held in New Delhi today.

CBDT issues clarifications regarding furnishing Statement of Financial Transaction and SFT Preliminary Response

New Delhi, May 26 (IBNS): The Central Board of Direct Taxes (CBDT), on Friday, issued clarification on furnishing Statement of Financial Transaction (SFT) & SFT Preliminary Response.

CBDT to issue PAN and TAN within one day to improve ease of doing business

New Delhi, Apr 11 (IBNS): The union Ministry of Finance announced on Tuesday that in order to improve Ease of Doing Business for newly incorporated corporates, CBDT has tied up with Ministry of Corporate Affairs (MCA) to issue Permanent Account Number (PAN) and Tax Deduction Account Number (TAN) in one day.