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Monday, Sep 21, 2020
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Income tax department

The Madras high court’s notice to AR Rahman came based on a petition filed by the income tax department alleging that he used a foundation, in which he is the managing trustee, as a conduit to evade tax.
Madras HC issues notice to AR Rahman over tax department’s plea of musician using foundation to evade tax
Sep 12, 2020 09:36
The Madras high court’s notice to AR Rahman came based on a petition filed by the income tax department alleging that he used a foundation, in which he is the managing trustee, as a conduit to evade tax. read more
Fake degree scam at Manav Bharati University: 19-member CID panel to hold probe  
Sep 11, 2020 23:49
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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.
I-T Dept issues refunds worth Rs 1.01 lakh crore to 27.55 lakh taxpayers till September 8
Sep 09, 2020 18:05
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. read more
The committee was appointed by Pune divisional commissioner and they have been visiting hospitals in the twin cities since July 27
12 private hospitals in PCMC refund Rs 37.2 lakh to patients
Sep 05, 2020 22:04
The committee was appointed by Pune divisional commissioner and they have been visiting hospitals in the twin cities since July 27 read more
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.
Income Tax refunds worth Rs 88,652 crore issued to 24.64 lakh taxpayers so far this fiscal
Aug 21, 2020 11:55
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. read more
Over the years, the income tax department has carried out several major reforms, including reduction in the corporate tax. The ‘Transparent Taxation - Honoring The Honest’ platform will further benefit the taxpayers.
PM Modi launches Transparent Taxation platform
Aug 13, 2020 09:23
Over the years, the income tax department has carried out several major reforms, including reduction in the corporate tax. The ‘Transparent Taxation - Honoring The Honest’ platform will further benefit the taxpayers. read more
The central probe agency has field a money laundering case against Hilal Rather and others, under the Prevention of Money Laundering Act (PMLA), taking cognisance of a CBI FIR and Income Tax Department probe against him and pertains to a Rs 177-crore alleged bank fraud scam.
Bank fraud case: ED raids former J-K minister’s son Hilal Rather 
Aug 06, 2020 14:53
The central probe agency has field a money laundering case against Hilal Rather and others, under the Prevention of Money Laundering Act (PMLA), taking cognisance of a CBI FIR and Income Tax Department probe against him and pertains to a Rs 177-crore alleged bank fraud scam. read more
This is the third extension given by the government for taxpayers to file both original and revised tax returns for 2018-19 fiscal.
Govt extends income tax return filing deadline till September 30 for FY’19
Jul 30, 2020 00:18
This is the third extension given by the government for taxpayers to file both original and revised tax returns for 2018-19 fiscal. read more
According to officials, Girija Bai Tiwari (117), a resident of Bina town in Sagar district of Madhya Pradesh may be the oldest taxpayer in the country at present.
I-T dept felicitates 4 women centenarians in MP, Chhattisgarh for regular tax payments
Jul 28, 2020 22:44
According to officials, Girija Bai Tiwari (117), a resident of Bina town in Sagar district of Madhya Pradesh may be the oldest taxpayer in the country at present. read more
Reportedly, Vajpayee is a known industrialist in Kanpur city. He has allegedly worked for Dubey in property dealing and money-laundering.
UP govt urges I-T department, ED to probe Vikas Dubey’s close aide Jay Vajpayee
Jul 28, 2020 09:25
Reportedly, Vajpayee is a known industrialist in Kanpur city. He has allegedly worked for Dubey in property dealing and money-laundering. read more
Seized laptop, mobile phones of accused being scanned by cyber cell, income tax department informed about cash seizure, says police commissioner Gurpreet Singh Bhullar
Cricket betting racket busted in Jalandhar, Rs1.23 cr seized from ‘architect bookie’
Jul 26, 2020 19:06
Seized laptop, mobile phones of accused being scanned by cyber cell, income tax department informed about cash seizure, says police commissioner Gurpreet Singh Bhullar read more
The FATF is a global money laundering and terrorist financing watchdog that sets international standards to prevent illegal activities in the economic and financial channels of a country and its inter-connected linkages across the world.
FATF review of India’s anti-money laundering and terror financing regime pushed to 2021 due to Covid-19
Jul 26, 2020 15:24
The FATF is a global money laundering and terrorist financing watchdog that sets international standards to prevent illegal activities in the economic and financial channels of a country and its inter-connected linkages across the world. read more
According to an official source, the department has disposed of 7,116 cases under the first phase of the faceless assessment scheme that was launched in October last year.
No need to meet tax officer in case of scrutiny notice; use faceless assessment: I-T Dept
Jul 20, 2020 15:13
According to an official source, the department has disposed of 7,116 cases under the first phase of the faceless assessment scheme that was launched in October last year. read more
The Central Board of Direct Taxes (CBDT) has introduced a new auto-generated ‘Form 26AS’ which will handhold taxpayers while filing their ITRs in a faceless manner from the current assessment year .
CBDT’s new Form 26AS will remind taxpayers to file major financial transactions
Jul 18, 2020 18:22
The Central Board of Direct Taxes (CBDT) has introduced a new auto-generated ‘Form 26AS’ which will handhold taxpayers while filing their ITRs in a faceless manner from the current assessment year . read more
In May, CBDT had notified the revised Form 26AS, containing details of tax collected or deducted at source which will now include information pertaining to property and share transactions.
New Form 26AS to have details of high-value financial transactions: CBDT
Jul 18, 2020 17:04
In May, CBDT had notified the revised Form 26AS, containing details of tax collected or deducted at source which will now include information pertaining to property and share transactions. read more

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