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Saturday, April 20, 2024
TopicIncome Tax Department

Topic: Income Tax Department

Counter ‘narratives trying to run down India story’, Dhankhar tells Information Service officers

V-P warns of 'sinister designs to set afloat a narrative by free fall of information'. Speech comes as I-T dept conducts survey at BBC offices in Delhi and Mumbai.

Income Tax survey at BBC offices to probe ‘irregularities in transfer pricing, int’l taxation’

Survey comes days after a controversy over the broadcaster’s documentary on Narendra Modi and allegations linked to his ‘role’ in 2002 Gujarat riots.

Black money traced, say IT officials after raids on meat producers & exporters in 3 UP districts

Raids in Lucknow, Bareilly and Unnao lasted four days. IT officials claim to have traced Rs 1,200 crore in black money. UP GST dept conducted statewide raids earlier this month.

SC no to tax exemption for ‘profit-minded’ educational institutions: Here’s what’s allowed

A three-judge bench led by CJI UU Lalit observed that the Constitution equates education with charity and it isn’t to be treated as business, trade or commerce

Caused ‘blow’ to reputation, wasn’t quizzed – what Huawei India CEO’s plea on lookout notice says

Delhi HC has sought a response from the IT department over a lookout circular issued against Huawei India CEO, who was stopped from boarding a flight to Bangkok on 1 May.

Income tax dept extends ITR verification deadline till February for FY20

The CBDT said a large number of electronically filed ITRs for the Assessment Year 2020-21, still remain pending with the Income Tax department.

Over 4.67 cr ITRs filed till 27 December for fiscal year 2020-2021

The last date for filing ITRs for 2020-21 by individual taxpayers is 31 December, extended from the original date of 31 July. A total of 15.49 lakh ITRs were filed on 27 December.

IT dept alleges Sonu Sood, associates evaded Rs 20 crore tax, violated FCRA

According to the CBDT, the main modus operandi followed by the actor had been to route his unaccounted income in the form of bogus unsecured loans from many bogus entities.

12-hour tax ‘survey’ at Newslaundry, Newsclick offices, portals say ‘personal data’ seized

Newslaundry CEO Abhinandan Sekhri said an I-T team downloaded data from his personal mobile phone, laptop. Newsclick says not the first time it was targeted by agencies.

IT dept asks taxpayers to send online response for pending refunds of AY 2020-21

According to an official statement issued Sunday, 93% of the refund claims, of over Rs 15,269 crore, in ITRs filed for the assessment year 2020-21 have been processed till date.

On Camera

Iran-Israel conflict will now be shaped by 3H—Houthis, Hamas, Hezbollah

Israel's response to Iran's retaliatory attack was relatively small and also downplayed by Tehran. But there are factors that could jeopardise this perceived reprieve.

CBDT signs record 125 Advance Pricing Agreements, 31% more than last year

The 125 APAs include 86 Unilateral APAs (UAPAs) and 39 Bilateral APAs (BAPAs). The total number of APAs since the start of the APA programme has risen to 641, with 506 UAPAs and 135 BAPAs.

Vice Admiral Dinesh Kumar Tripathi to take over as Chief of the Naval Staff

He has been the chief of personnel and the flag officer commanding-in-chief, Western Naval Command, in the rank of vice admiral.

These 6 states are key for Modi’s ‘400 paar’ target. They’re also where Opposition can stop him

While this contest looks so predictable in large swathes of our political landscape, it is also more keenly contested than 2019 in some states.