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Sunday, November 3, 2024
TopicIT department

Topic: IT department

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.

Vijay Mallya’s stud farm in Karnataka is selling horses to stay afloat

Vijay Mallya has owned the top-rated Kunigal Stud Farm since 1988, but after his escape to London, it has been struggling financially & is facing foreclosure.

Under Modi govt, number of crorepati taxpayers has risen by 60%

Central Board of Direct Taxes chairman Sushil Chandra says these numbers are a result of a number of efforts by the tax department over the last few years

What happens in an income tax raid in India

There is no separate operation called an income tax ‘raid’. It’s a blanket term to cover searches and seizures.

The Quint’s Raghav Bahl warns tax sleuths not to access journalistic material during raid

Income Tax dept searches premises of Raghav Bahl’s The Quint in a case of alleged tax evasion.

On Camera

As a Hindu Canadian, I am deeply hurt by cancellation of Diwali. My community is now sidelined

Canada faces serious foreign interference issues, but these challenges must not be weaponized to unfairly target friendly and important allies like India.

Watch CutTheClutter: Flattening INR-USD rate, and debate on pros and cons of a ‘strong’ rupee

In Episode 1544 of CutTheClutter, Editor-in-Chief Shekhar Gupta looks at some top economists pointing to the pitfalls of ‘currency nationalism’ with data from 1991 to 2004.

Indian firms sanctioned by US didn’t violate laws, says MEA. Hyderabad firm that supplied to Army on list

Among 19 Indian firms sanctioned by US Treasury Dept was Lokesh Machines Ltd accused of coordinating with 'Russian defence procurement agent to import Italy-origin CNC machines'.

Xi wanted to teach India about imbalance of power. We should take a budgetary lesson from it

While we talk much about our military, we don’t put our national wallet where our mouth is. Nobody is saying we should double our defence spending, but current declining trend must be reversed.