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IT Deparment News

30 Jan 2017

Income tax crackdown begins: 87 notices issued, 42 assets worth crores attached under Benami Act

87 notices issued, 42 assets worth crores attached under Benami Act. Watch the full segment for more details.

16 Jan 2017

Notes ban: I-T dept unearths Rs 1,550 crore stash pumped by entry operators, hawala dealers

The Income Tax department Monday said it has unearthed a black money racket of over Rs 1,550 crore and a maze of shell firms and entities, perpetrated by entry operators and hawala dealers in the wake of demonetisation.

20 Dec 2016

Income tax department continues to raid various places all over nation

Share Bazar, Mandi Live, Aap Ka Bazar, First Trade, Big Debate etc.

17 Nov 2016

Pay I-T dues in advance to avoid last minute rush: RBI

Reserve Bank has asked income tax assessees to pay their dues in advance for December quarter and has designated a total of 29 banks at which the payments can be done.

16 Nov 2016

Demonetisation: I-T department surveys real estate firms in Delhi-NCR

The Income Tax department Wednesday surveyed some real estate players in the national capital region to check reports of alleged profiteering and tax evasion by these entities while converting the recently demonetised currency notes.

16 Feb 2016

Notice to Vodafone part of routine process: CBDT official

After serving a Rs 14,200-crore tax demand reminder to Vodafone in a long-running dispute, the Income-Tax Department today sought to play down the notice saying it was "part of a normal process".

16 Feb 2016

Pay up Rs 14,200-cr tax dues or will seize assets: I-T dept to Vodafone

The British telecom major has disputed the tax demand over its acquisition of 67 percent stake in Hutchison, now called Vodafone India, arguing that no tax was due as the transaction was conducted offshore.

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