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Thursday, May 16, 2024
TopicIncome Tax Department

Topic: Income Tax Department

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.

Beware of the taxman on social media, and how respect for next Army chief Naravane grew

Pre-Truth — snappy, witty and significant snippets from the world of politics and government.

I-T dept attaches Rs 150-crore worth Gurgaon hotel of Congress leader Kuldeep Bishnoi

The Income Tax dept is investigating Bright Star Hotel Private Ltd., which it claims is the "benami" property of Congress leader Kuldeep Bishnoi and his brother Chander Mohan.

I-T dept attaches Rs 254 crore of Kamal Nath’s nephew Ratul Puri in VVIP chopper scam case

Income tax officials say Ratul Puri allegedly received benami-held equity shares via shell companies owned by co-accused Rajiv Saxena.

I-T dept will now share info on loan defaulters with state-run banks in ‘public interest’

In a new order, the income tax department says it will share information about immovable properties held by defaulters and their guarantors.

After Arun Jaitley, Subramanian Swamy and friends target Nirmala Sitharaman

Finance minister Nirmala Sitharaman targeted on social media after govt move to 'compulsorily retire' senior IT Department official Sanjay Kumar Srivastava.

On Camera

Beijing is looking at Lok Sabha polls and blames Modi for fanning anti-China mood

Global Times has published several articles attributing the deterioration in India-China relations to Modi govt's attempt to secure votes in the 2024 Lok Sabha polls.

China overtakes US as India’s top trading partner in FY24, officials say ‘positions keep changing’

India-China trade stood at $118.41 billion in FY24, closely followed by the US with $118.29 billion, according to Indian govt data.

Retired Indian Army Colonel working with UN killed in Rafah, Israel orders probe

Eight months into the war, this is believed to be the first 'international' casualty to be reported. 46-year-old Waibhav Kale joined UNDSS two months ago ‘to make a difference’. 

What’s common between Netflix Chamkila and Trudeau’s trouble-infested Canada? They don’t get Punjab

Even in the weeks leading up to Chamkila’s assassination there were massacres every other day. To airbrush all of this is sheer intellectual cowardice if not a crime.