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Income Tax Act

Recovery of Rs 135 cr from Congress made as per provisions of IT Act, claim Sources

The recovery process has not gone down well with the principal opposition party though, as Congress has termed the action by the Department as tax terrorism.

29 March 2024, 17:00 IST

Recovery of Rs 135 cr from Congress made as per provisions of IT Act, claim Sources

Recovery of Rs 135 cr from Congress made as per provisions of IT Act, claim Sources

Recovery of Rs 135 cr from Congress made as per provisions of IT Act, claim Sources

29 March 2024, 17:00 IST

Rich Indians probed by tax office for foreign policies

The Fema violation is triggered when life insurance is bought from a foreign policy company and is not authorised from RBI

20 January 2023, 08:39 IST

Rich Indians probed by tax office over buying foreign insurance policies

Rich Indians probed by tax office over buying foreign insurance policies

Rich Indians probed by tax office for foreign policies

20 January 2023, 08:39 IST

Tax dept reduces time to decide on refund adjustment

The time limit of 30 days made available to the assessing officers stands reduced to 21 days, the Directorate of Income Tax (Systems) said

04 December 2022, 09:10 IST

Tax department reduces time for taxmen to decide on refund adjustment

Tax department reduces time for taxmen to decide on refund adjustment

Tax dept reduces time to decide on refund adjustment

04 December 2022, 09:10 IST

Unamended I-T Act reassessment notice to be valid: SC

The decision is likely to ensure the court is not overburdened with around 9000 appeals by the Finance ministry

04 May 2022, 15:51 IST

Reassessment notice under unamended I-T Act not to be invalid: SC

Reassessment notice under unamended I-T Act not to be invalid: SC

Unamended I-T Act reassessment notice to be valid: SC

04 May 2022, 15:51 IST

Crypto mining cost not allowed as deduction in I-T Act

The 2022-23 Budget has brought in clarity concerning the levy of income tax on crypto assets

21 March 2022, 15:54 IST

Crypto mining cost not allowed as deduction under I-T Act

Crypto mining cost not allowed as deduction under I-T Act

Crypto mining cost not allowed as deduction in I-T Act

21 March 2022, 15:54 IST

Is death compensation taxable, Gujarat HC asks I-T dept

The court was on Monday hearing a plea filed by the husband of a woman who was killed during the hijacking of the Pan American World Airways flight in 1986

08 March 2022, 12:51 IST

Is death compensation taxable, Gujarat High Court asks I-T department

Is death compensation taxable, Gujarat High Court asks I-T department

Is death compensation taxable, Gujarat HC asks I-T dept

08 March 2022, 12:51 IST

Widening the scope of unexplained cash credits

The clarificatory provision has statutorily authorised an Income Tax Assessing Officer to ‘assess’ the ‘Unexplained Cash Credits’ as ‘Income’

06 March 2022, 19:23 IST

Widening the scope of unexplained cash credits

Widening the scope of unexplained cash credits

Widening the scope of unexplained cash credits

06 March 2022, 19:23 IST

Union budget: ICAI seeks tax, accounting reforms

The suggestions essentially aim at making laws simple, fair, transparent. less litigative and user friendly

29 January 2022, 16:48 IST

Union budget: ICAI seeks tax, accounting reforms

Union budget: ICAI seeks tax, accounting reforms

Union budget: ICAI seeks tax, accounting reforms

29 January 2022, 16:48 IST

Rs 200 cr black money detected after raids on traders

The policy-making body for the tax department alleged in the statement, also indulged in unaccounted purchases and sales of dry fruits

05 November 2021, 11:06 IST

Income Tax Department unearths Rs 200 crore black money after raids on dry fruit traders

Income Tax Department unearths Rs 200 crore black money after raids on dry fruit traders

Rs 200 cr black money detected after raids on traders

05 November 2021, 11:06 IST

I-T Dept revokes tax exemption benefit to PFI

The department recently cancelled the registration of the Popular Front of India granted under section 12AA (3) of the Income Tax Act

15 June 2021, 15:57 IST

Income Tax department revokes charitable organisation tax exemption of PFI

Income Tax department revokes charitable organisation tax exemption of PFI

I-T Dept revokes tax exemption benefit to PFI

15 June 2021, 15:57 IST