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Sonu Sood says even taxmen were impressed with his paperwork, said he did ‘good’
UPDATED ON SEP 20, 2021 07:11 PM IST
- Actor Sonu Sood, who is being investigated for tax evasion, has said that even tax officials who performed the raids agreed that he'd done ‘good work’.
Sonu Sood, under scrutiny for tax evasion, breaks silence
PUBLISHED ON SEP 20, 2021 10:44 AM IST
- Actor Sonu Sood has broken his silence amid the ongoing investigations into his finances. He said that he has returned to serve the people of India and that ‘time’ will help him tell his side of the story.
Income Tax Department to launch new e-filing portal today
By hindustantimes.com | Written by Karan Manral | Edited by Amit Chaturvedi, New Delhi
PUBLISHED ON JUN 07, 2021 08:00 AM IST
Once launched, the portal will go live at www.incometax.gov.in. The CBDT said in a press release that the platform will provide a ‘modern, seamless’ experience to taxpayers.
CBDT extends last date to file ITR to September 30 due to Covid-19
By hindustantimes.com | Written by Karan Manral, New Delhi
UPDATED ON MAY 20, 2021 08:12 PM IST
Before Thursday’s announcement, the deadline to file income tax returns (ITR) was May 31. The CBDT announced extension of 13 other deadlines as well.
Govt extends timelines for tax compliance, ITR for FY20 can be filed till May 31
PTI | , New Delhi
PUBLISHED ON MAY 01, 2021 07:55 PM IST
The Central Board of Direct Taxes (CBDT) said it had received representations from various stakeholders for relaxation on compliance requirements.
Govt extends deadline for making payment under Vivad se Vishwas scheme to June
By hindustantimes.com | Edited by Deepali Sharma, Hindustan Times, New Delhi
UPDATED ON APR 24, 2021 10:55 PM IST
Considering requests from taxpayers, tax consultants and several other stakeholders, the Union ministry of finance deferred the payment date under Direct Tax Vivad se Vishwas Act, 2020 to June 30.
SBI clarifies on excessive charges on transactions in zero-balance accounts
By hindustantimes.com | Written by Arpan Rai | Edited by Avik Roy, New Delhi
UPDATED ON APR 15, 2021 06:51 PM IST
Reacting to a study by IIT Bombay claimed that SBI and several other banks have been imposing excessive charges on certain services provided to those with zero-balance accounts, the PSU cited a 2012 RBI decision which allowed banks to levy charges at their will on BSBD accounts
Income Tax raids ceramic tiles magnate in Chennai
PTI | , New Delhi
UPDATED ON FEB 28, 2021 01:03 PM IST
The CBDT said in a statement that ₹8.30 crore cash was seized during the raids on the group engaged in the business of manufacture and sale of tiles and sanitaryware.
PF tax ceiling will be applicable to GPF as well: CBDT chairman
By Rajeev Jayaswal, New Delhi
PUBLISHED ON FEB 04, 2021 06:42 AM IST
Budget 2021-22 has rationalised tax-free income on provident fund contribution by high income earners by making the exemption on interest income earned on annual contribution to ₹2.5 lakh applicable to all provident funds, Mody said in an interview.
Deadline to file income tax returns extended by 10 days to January 10
Hindustan Times, New Delhi | By hindustantimes.com | Edited by Poulomi Ghosh
UPDATED ON DEC 30, 2020 07:03 PM IST
This is the third time the deadline has been extended as taxpayers are facing challenges owing to Covid-19 pandemic.
MP govt cautious over EC order in probe against officers, ministers
Hindustan Times, New Delhi | By HT Correspondent
UPDATED ON DEC 22, 2020 12:59 AM IST
When asked by journalists about the findings of the report, chief minister Shivraj Singh Chouhan, said: “The law will take its own course and nobody will be spared.”
I-T Dept detects over Rs 700 crore tax evasion after raids against Chennai’s Chettinad Group
New Delhi | By Press Trust of India | Posted by Srivatsan K C
PUBLISHED ON DEC 15, 2020 05:34 PM IST
“The highlight of the search includes seizure of unaccounted cash of Rs 23 crore from various locations,” the CBDT said in a statement.
Income Tax refunds worth Rs 1.36 lakh cr issued to 40.19 lakh taxpayers
New Delhi | By Press Trust of India | Posted by Ayshee Bhaduri
PUBLISHED ON NOV 18, 2020 08:42 PM IST
This includes Personal income tax refunds amounting to Rs 35,750 crore and corporate tax refunds of over Rs 1 lakh crore during this period
PM Modi to inaugurate office-cum-residential complex of ITAT’s Cuttack bench on Nov 11
Hindustan Times, New Delhi | By hindustantimes.com| Edited by Susmita Pakrasi
PUBLISHED ON NOV 10, 2020 05:26 PM IST
While mentioning the performance of ITAT during the Covid-19 pandemic, ITAT President said that The ITAT has set up virtual court at all the benches across the country.
Centre extends deadline: Opt for tax dispute resolution scheme by Dec 31, pay by March 31 next year
Hindustan Times, New Delhi | By Rajeev Jayaswal
UPDATED ON OCT 28, 2020 08:58 AM IST
Those who opt for the scheme after December 31, or those who pay the declared amount after March 31 will have to pay an additional 10% of the amount, said a ministry official, requesting anonymity
Taxpayers may have to pay interests on outstanding income tax exceeding Rs 1 lakh
Hindustan Times, New Delhi | By Rajeev Jayaswal | Edited by Sparshita Saxena
UPDATED ON OCT 26, 2020 06:43 PM IST
The government on Saturday extended deadlines for furnishing various ITRs and audit reports as a relief to taxpayers from Covid-19 pandemic, but there is no clarification on the aspect of interest waiver.
I-T dept raids Chandigarh lawyer who allegedly took ₹217 crore from client
Press Trust of India | By Press Trust of India, New Delhi
UPDATED ON OCT 16, 2020 01:56 AM IST
Department raids 38 premises linked to the lawyer in Haryana, Delhi and the national capital region on Wednesday, Rs 5.5 crore seized
Faceless I-T appeals launched, to help resolve about 85% cases
Hindustan Times, New Delhi | By Rajeev Jaiswal
PUBLISHED ON SEP 25, 2020 05:02 PM IST
The new process will help in quick resolution of about 4.6 lakh appeals pending at various levels in the I-T department
CBDT launches faceless appeals, dispenses physical interface between taxpayer and govt
Hindustan Times, New Delhi | By hindustantimes.com | Edited by Shankhyaneel Sarkar
PUBLISHED ON SEP 25, 2020 03:52 PM IST
CBDT said that now taxpayers can make submissions from the comfort of their homes as there will be no physical communication between them, their counsel and the income tax department.
EC: Didn’t ask CBDT to issue notice to Pawar
Hindustan Times, New Delhi/Mumbai | By Deeksha Bhardwaj and Faisal Malik, New Delhi/mumbai
PUBLISHED ON SEP 24, 2020 01:28 AM IST
The EC’s comments came after Pawar said that a tax notice had been served to him at the behest of the Commission, and that he had heard similar notices were sent to his daughter Supriya Sule, and Maharashta’s chief minister Uddhav Thackeray and his son Aaditya.
EC denies asking CBDT for IT notice to Pawar
Hindustan Times, New Delhi | By Deeksha Bhardwaj
PUBLISHED ON SEP 23, 2020 12:41 PM IST
Pawar said he has heard his daughter, Supriya Sule, was likely to get a similar notice soon and that such notices were also sent to chief minister Uddhav Thackeray and his son, Aaditya Thackeray
I-T Dept issues refunds worth Rs 1.01 lakh crore to 27.55 lakh taxpayers till September 8
New Delhi | By Press Trust of India| Posted by Susmita Pakrasi
PUBLISHED ON SEP 09, 2020 06:05 PM IST
This include personal income tax (PIT) refunds amounting to Rs 30,768 crore issued to 25.83 lakh taxpayers and corporate tax refunds amounting to Rs 70,540 crore issued to over 1.71 lakh taxpayers during this period.
All you need to know about govt’s latest performance review order
Hindustan Times, New Delhi | By hindustantimes.com | Edited by: Amit Chaturvedi
UPDATED ON SEP 02, 2020 11:49 AM IST
The Centre has asked all its departments to review service records of employees who have completed 30 years in job to identify inefficient or corrupt staff and retire them prematurely in public interest.
CBDT chairman Pramod Mody gets extension, will be involved in Budget preparation
Hindustan Times, New Delhi | By HT Correspondent
PUBLISHED ON AUG 31, 2020 09:50 PM IST
Pramod Chandra Mody was due to relinquish office on Monday after ending the first one-year extension period.
Income Tax refunds worth Rs 88,652 crore issued to 24.64 lakh taxpayers so far this fiscal
New Delhi | By Press Trust of India| Posted by Susmita Pakrasi
PUBLISHED ON AUG 21, 2020 11:55 AM IST
This include personal income tax (PIT) refunds amounting to Rs 28,180 crore issued to over 23.05 lakh taxpayers and corporate tax refunds amounting to Rs 60,472 crore to over 1.58 lakh taxpayers during this period.
‘Faceless assessment system will not displace tax officials’: CBDT chairman
Hindustan Times, New Delhi | By Rajeev Jayaswal | Edited by Sparshita Saxena
UPDATED ON AUG 19, 2020 12:59 PM IST
CBDT chairman, through a virtual meeting with income-tax officials on Tuesday, dispelled doubts in the field formation that the faceless assessment will lead to a reduction in the workforce.
PM Modi to launch platform to honour honest taxpayers
Hindustan Times, New Delhi | By HT Correspondent
PUBLISHED ON AUG 13, 2020 06:07 AM IST
A finance ministry spokesperson said the government has been implementing a series of tax reforms since last year when it had drastically reduced the corporate tax rate for existing and companies taking a hit of Rs 1.45 lakh crore.
I-T dept raids Chinese firms for money laundering, hawala
Hindustan Times, New Delhi | By Neeraj Chauhan and Rajeev Jayaswal, New Delhi
UPDATED ON AUG 12, 2020 01:18 AM IST
Around half a dozen more of his associates, who were helping him in money laundering and hawala transactions, were also identified.
Not just tax officials, 4 intel, investigating agencies get access to your I-T records
Hindustan Times, New Delhi | By Rajeev Jayaswal
UPDATED ON JUL 24, 2020 06:19 AM IST
Experts said taxpayers need to be very careful because discrepancies in information or documents provided by them could attract scrutiny by multiple agencies.
Faceless assessment brings in greater transparency: CBDT Chairman
Hindustan Times, New Delhi | By HT Correspondent
UPDATED ON JUL 21, 2020 06:07 AM IST
This faceless system will provide details of transactions in advance to taxpayers that they can access online by using their PAN [permanent account number] and OTP [one-time password], CBDT chief Pramod Chandra Mody said.