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Total 3170 results found. Search for
[ Income Tax Department ]
Results 1 to 21 of 3170
Tax dept detects Rs 220 crore black income after raids on Tamil Nadu-based tiles maker
PTI
February 28, 2021
The CBDT said in a statement that Rs 8.30 crore cash was seized during the raids on the group engaged in the business of manufacturing and sale of tiles and sanitaryware
I-T dept extends deadline for filing declarations under VsV scheme till March 31
PTI
February 27, 2021
The last date for filing declaration under VsV scheme was February 28, while for paying the disputed tax the date is March 31
I-T dept seizes Rs 8 crore from premises of Betul-based soya manufacturers
BusinessToday.In
February 22, 2021
I-T department had carried out search and seizure operations at these premises which were located in- Betul and Satna in Madhya Pradesh, Mumbai and Solapur in Maharashtra, and Kolkata in West Bengal
I-T dept raids Srinagar-based hospital owner; detects Rs 100 cr cash transactions
Dipak Mondal
February 21, 2021
According to the Income Tax department, the group is in the practice of buying large chunks of land parcels in piecemeal and aggregating them
Rebooting Economy 68: How private wealth creators are serving Indian economy and people
Prasanna Mohanty
February 19, 2021
Private wealth creators are solely responsible for India's banking stress; increasingly fleeing India with their wealth and bank loans, and those making huge profits are doing so by cutting jobs and wages
Govt to file appeal against arbitral award in Cairn retro-tax case
Dipak Mondal
February 19, 2021
The arbitration court unanimously ruled that India breached its obligations to Cairn under the UK-India Bilateral Investment Treaty
I-T Dept conducts searches on Eluru-based group, seizes assets worth Rs 17.68 crore
BusinessToday.In
February 18, 2021
Total assets worth Rs 17.68 crore which includes cash of Rs 14.26 crore, gold jewellery, bullion and silver valued at Rs 3.42 crore have been seized so far, says Ministry of Finance
ITR filing: Failed to submit investment proofs? You can still save taxes
Aprajita Sharma
February 17, 2021
If you have no plans to make tax-saving investments, you may opt for the new tax regime. From FY21 onwards, taxpayers have two options
I-T Dept raids Mumbai gutka producer; detects Rs 1,500 crore unaccounted transactions
Dipak Mondal
February 15, 2021
The raids have led to detection of foreign assets lying with a company registered in tax-haven British Virgin Islands (BVI) with an office in Dubai, and controlled and managed by the Chairman of the group
Biz EOD: Highway construction sees record pace; I-T Dept pampers senior citizens
BusinessToday.In
February 13, 2021
Catch top stories from the world of business and economy with BusinessToday.In's Biz EOD report
Income tax pampers senior citizens with extra benefits; here's the list
Avneet Kaur
February 12, 2021
A senior citizen enjoys a higher exemption limit compared to non-senior citizens. While the exemption limit for the financial year 2020-21 available to a non-senior citizen is Rs 2.50 lakh, a senior citizen may avail an exemption up to Rs 3 lakh
Keep in mind exemption limit while complaining about few taxpayers: Revenue Secy
Dipak Mondal
February 9, 2021
The government had raised the threshold income for paying tax to Rs 5 lakh in the interim budget of 2019. According to data from the income tax department, there were 8.04 crore individual taxpayers in assessment year 2018-19 of which 5.95 crore filed returns
Tax disputes worth Rs 97,000 crore under new amnesty scheme
Dipak Mondal
February 5, 2021
Vivad se Vishwas Scheme has received 15 times better response in comparison to Direct Tax Dispute Resolution Scheme (DTDRS) in 2016; the disputed amount settled under it is 153 times that of DTDRS
No rethink on Google tax, clarity on NRI tax residency once travel resumes: CBDT chief
Ashutosh Kumar
February 3, 2021
On the direct tax collection targets for 2021-22, CBDT Chairman PC Mody said that the projections are \"realistic and not ambitious\"; we are confident about achieving the target, he added
Govt's tax estimates for 2021-22 understated: DEA Secretary Tarun Bajaj
Dipak Mondal
February 1, 2021
The government has estimated a total gross tax collection of Rs 22.17 lakh crore in 2021-22, which is lower than last year's Budget estimates of Rs 24.23 lakh crore
Budget 2021: FinMin allots Rs 257 cr to Personnel Ministry for training bureaucrats in India, abroad
PTI
February 1, 2021
Of the total allocation of Rs 257.35 crore for 2021-22, Rs 178.32 crore has been earmarked for upgradation of the Lal Bahadur Shastri National Academy of Administration (LBSNAA) in Mussoorie to a centre of excellence
Budget 2021: Deadline for filing belated, revised ITR reduced by 3 months
BusinessToday.In
February 1, 2021
The government has proposed to reduce deadline for filing belated, revised ITR by three months from March 31 of the relevant assessment year to December 31 of the assessment year
No need for senior citizens above 75 years with only pension, interest income to file ITR
BusinessToday.In
February 1, 2021
In a major move, FM Sitharaman reduced the time limit for reopening of income tax assessment cases to three years from six years, while for serious tax fraud cases where concealment of income is Rs 50 lakh or more it would be 10 years
Budget 2021: Capex target raised to Rs 5.54 lakh cr in FY22
BusinessToday.In
February 1, 2021
The capital expenditure target for upcoming fiscal is 34 per cent higher than the current financial year's target of Rs 4.12 lakh crore
Budget 2021: FM Nirmala Sitharaman announces vehicle scrappage policy
BusinessToday.In
February 1, 2021
Presenting her third budget in Parliament, FM Sitharaman stated that under the voluntary vehicle scrapping policy, personal vehicles would undergo a fitness test after 20 years, whereas commercial vehicles would need to take it after completing 15 years
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