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Friday, September 26, 2025
TopicIncome Tax Department

Topic: Income Tax Department

ED and I-T heat on farmer leaders, arhtiyas and ‘singers & actors supporting the agitation’

Farmers warn that there will be no resolution to the crisis if the Modi government ‘targets' their supporters. BJP dismisses allegations of vendetta.

‘Non-intrusive way’ to catch tax evaders — ministry on move to scan school fee, other payments

I-T dept will analyse expenditure patterns through collected data to look for evasion. But honest taxpayers won’t be impacted, stresses the government.

‘Opens door to tax terrorism, increases compliance burden’ — Few takers for new I-T proposal

New I-T proposal aims to widen tax base, seeks to make several additions to the transaction-reporting framework by including purchases of jewellery & white goods worth over Rs 1 lakh.

Purchase of jewellery over Rs 1 lakh, Rs 20,000 hotel bills to come under I-T scanner

The move comes as the Modi government aims to widen the tax base by using data of high value transactions to look for tax evaders.

Chinese national arrested now for ‘running hawala network’ was held for spying in 2018

According to officials of Central Board of Direct Taxes, Luo Sang was using 8-10 bank accounts and represented fake Chinese companies in hawala operations worth Rs 300 crore.

I-T dept to share PAN, bank account data with 10 agencies including CBI, NIA under NATGRID

Information including summary of IT Returns and TDS will be also be shared with the agencies which include ED, Narcotics Control Bureau among others.

Income Tax dept’s notice against NDTV quashed by Supreme Court

NDTV had been issued re-assessment notice in 2015 after the IT dept noted that Rs 642 crore has allegedly not been computed for tax assessment purposes for financial year 2007-2008.

Income Tax dept raids locations linked to Chhattisgarh govt officials

The IT dept conducted the raids as part of an investigation into allegations of tax evasion against officials including senior IAS officer in Bhupesh Baghel-led Congress government.

Nothing wrong with Modi’s data on income tax, but car sales numbers seem exaggerated

Only around 1.5 cr taxpayers could end up paying taxes from AY 2020-21 onwards, if one goes by income tax data available for previous years.

I-T dept searches premises of Bharat Hotels group, associates in tax evasion case

About eight premises linked to Bharat Hotels CMD Jyotsna Suri, her associates and Jayant Nanda, promoter of Cargo Motors are being searched.

On Camera

Bads of Bollywood brought Emraan Hashmi out of our guilty pleasure closet, made him cool

With his cameo in Bads of Bollywood, Emraan Hashmi, who has long shifted away from his signature bold image, got the chance to revive his boyhood charm.

Market regulator SEBI clears Adani Group of impropriety alleged by Hindenburg Research

SEBI probe concluded that purported loans and fund transfers were paid back in full and did not amount to deceptive market practices or unreported related party transactions.

Govt inks deal with HAL for 97 new Tejas Mk1A; previous order’s deliveries likely to begin next yr

There were no plans to have Mk1A version. However, compromise was reached between HAL & IAF in 2015 since original plan for getting Mk2 would've been time-consuming affair.

India doesn’t give walkovers to Pakistan in war. Here’s why it shouldn’t do it in cricket either

Many really smart people now share the position that playing cricket with Pakistan is politically, strategically and morally wrong. It is just a poor appreciation of competitive sport.