Wednesday, 17 August, 2022
TopicIT department

Topic: IT department

Income Tax department issues 3 email IDs to register taxpayers’ grievances

Under the technology-driven faceless schemes, a taxpayer will not be required to visit IT department's office or meet an official for income tax related complaints.

US based media body condemns IT dept raids on Dainik Bhaskar and Bharat Samachar

Raids were conducted against Dainik Bhaskar & Bharat Samachar for alleged tax evasion Wednesday. Both organisations have carried reports critical of government's Covid management.

IT dept raids 32 premises linked to Dainik Bhaskar, says group linked to Panama leaks case

According to govt sources, the group has allegedly floated several paper companies to evade tax by claiming bogus expenses and purchases using shell entities.

Supreme Court grants partial relief to Vodafone, asks IT department to refund Rs 733 crore

Vodafone Idea, formerly known as Vodafone Mobile Services Ltd, had however sought Rs 4,759.07 crore in tax refund for AYs - 2014-15, 2015-16, 2016-17 and 2017-18.

India now has over 2,500 political parties, some suspected of ‘black money’ operations

Big jump in number of parties registered in 2018 and 2019, EC official says it is aware of the potential problem but doesn’t have the power to de-register them.

Cafe Coffee Day owner Siddhartha’s signature is different on his letter: Income tax dept

After Cafe Coffee Day promoter Siddhartha's disappearance, a letter saying 'I gave up' surfaced. According to the IT dept, Siddhartha admitted to holding black money.

SEBI, ED and CBDT – the new hurdles in Modi govt’s war on bad loans

A spate of legal challenges mounted by SEBI, ED & CBDT are derailing a 270-day resolution deadline set by the insolvency law.

I-T searches 50 locations of people linked to MP CM Kamal Nath

The officer on special duty was appointed after Congress came to power in the state last year.

CBDT raises alarm as direct tax collection falls 15% short of target

CBDT member Neena Kumar has said as against the budget collection target of Rs 12,00,000 crore, only 85.1% of the target has been collected as on 23 March. 

Govt orders restructuring of income tax dept & review of fresh cadre

The Central Board of Direct Taxes ordered creation of a panel of senior officials to accomplish the task within the next three months.

On Camera

YourTurn

Pakistan: Imran Khan's Instagram account hacked, doubious crypto link posted

Imran Khan’s becoming costly for Pakistan govt. But army won’t completely remove him from scene

Imran Khan is so tuned into Pakistan’s domestic politics, he sees foreign policy more as a ploy. That’s why he can surprise his rally audience with a Jaishankar video.

India’s ‘salaried class’ shrank during Covid, Muslims hit hardest, govt data suggests

India’s salaried class shrank by 2.7 percentage points during pandemic, govt’s Periodic Labour Force Survey (PLFS) shows. But data for religious minorities, women is even bleaker.

Defence

The two frigates under construction at Yantar shipyard in Russia | Snehesh Alex Philip | ThePrint

Not dependent on Ukraine for engines, want to be part of Make in India initiative, says Russia

India had procured gas turbine engines from Ukraine & handed over to Russia to install them on the Admiral Grigorovich-class guided-missile stealth frigates being made for the Navy.
NI 13.08

Tiranga vs Tiranga: Gloves are off as Kejriwal joins the ‘nationalism’ battle with Modi

Kejriwal’s maun vrat on Modi has ended. This is an important turn in Indian politics. In some ways rivalling the dramatic turn in Bihar.
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