Income Tax Department

Indian central government agency

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Income Tax Department: Indian central government agency
The Income Tax Department is a government agency undertaking direct tax collection of the Government of India. It functions under the Department of Revenue of the Ministry of Finance. Income Tax Department is headed by the apex body Central Board of Direct Taxes (CBDT). Main responsibility of Income Tax Dept. is to enforce various direct tax laws, most important among these being the Income-tax Act, 1961, to collect revenue for Government of India. It also enforces other economic laws like the Benami Transactions (Prohibition) Act, 1988 and the Black Money Act, 2015.

ITR filing: Time limit for ITR e-verification reduced to 30 days from 120 | Oneindia News*News [Video]

ITR filing: Time limit for ITR e-verification reduced to 30 days from 120 | Oneindia News*News

The Income Tax department has reduced the time limit for e-verification or hard copy submission of the ITR-V, post-filing taxpayer returns, from 120 days to 30 days, beginning August 1. #ITR..

Credit: Oneindia     Duration: 01:45Published

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Noida: Income Tax department raids former NBCC officer DK Mittal's house, seizes over Rs 2 crore

The CBI team arrived at the property on Friday night and has been searching the house ever since.
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Who is footing hotel bills in Guwahati, Surat, asks NCP; says IT dept, ED should find source of 'black money'

The Sharad Pawar-led party, which shares power with Sena and Congress in the state, also asked the Income Tax Department and the Enforcement Directorate (ED) to find out the source of "black money"..
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Income Tax Department raids popular chain of educational institutes across Maharashtra, Karnataka, Tamil Nadu

The search operation covered more than 25 premises spread over locations in Maharashtra, Karnataka and Tamil Nadu.
DNA - Published

IT dept conducting raids at Chinese mobile companies across country

In a major crackdown on Chinese mobile companies, the Income Tax department is conducting searches on leading Chinese mobile companies across the country. Mobile companies including Oppo, Xiaomi and..
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Newslaundry, Newsclick cry hoarse after Income Tax Department's 'survey' at their offices

After Income Tax Department conducted "survey operations" at Newslaundry, the organisation said it does business "honestly and with integrity."
DNA - Published

Income Tax department 'surveys' Newslaundry, NewsClick offices on charges of alleged tax evasion

A team of the Income Tax department conducted separate "survey operations' at offices of news media organisations Newslaundry and NewsClick on Friday
DNA - Published

Punjab Congress Chief Navjot Singh Sidhu moves court against Income Tax Department

The court has issued a notice to the I-T Department against the wrong assessment and rejection of his revision.
DNA - Published

Tax department raids multiple premises of media group Dainik Bhaskar

Over alleged tax evasion, the Income Tax Department on Thursday conducted raids against the media group Dainik Bhaskar in multiple cities, according to official sources.
IndiaTimes - Published

COVID-19: PAN or Aadhar mandatory for paying hospital bills in cash over Rs 2 lakh

The Income Tax department said that relaxations have been given to allow cash payments of more than Rs. 2 lakh to hospitals for Covid treatment.
DNA - Published

Haryana: IT team raids Samalkha Congress MLA Dharam Singh Chhoker's properties

The Income Tax Department carried out a search on Wednesday (March 17) on Congress MLA Dharam Singh Chhoker, who is elected from Samalkha seat in Haryana.
DNA - Published

Income Tax Department conducts searches in Bengaluru

The capitation fee/ Donations are collected through a network of brokers/ agents employed by the key persons/Trustees of these medical colleges.
DNA - Published

Tamil Nadu: Income Tax department detects Rs 1,000-crore black money after raids on Chennai IT infra firm

It said the raids were carried out on November 4 at five locations in Chennai and Madurai.
DNA - Published

Income Tax Department conducts searches in West Bengal, unearths more than Rs 150-crore bogus investments

The Income Tax Department conducted searches on prominent coal traders in West Bengal. Searches were conducted on 5th Nov in Raniganj, Asansol, Purulia, and Kolkata and seized cash and bullion of ? 7.3..
DNA - Published

Income Tax department busts Rs 500-crore racket; raids 42 locations across India

The Income Tax Department has seized cash over Rs 2.3 crore and jewellery worth Rs 2.8 crore during searches at 42 locations in Delhi-NCR, Haryana, Punjab, Uttarakhand and Goa.
DNA - Published

I-T raids in Bihar, UP against businessman and cooperative bank chairman

The Income Tax department has conducted searches in poll-bound Bihar and Uttar Pradesh against a businessman involved in mining and the hotel industry and the chairman of a "large" cooperative bank,..
IndiaTimes - Published

Income Tax Department raids businesses across Jharkhand, West Bengal

The group is engaged in trading of various commodities, production of vanaspati ghee, real estate and tea estates. The group also has real estate projects in Kolkata.
DNA - Published

EC says no direction to CBDT to issue notice to Pawar on poll affidavits

The EC's statement came a day after Pawar said that the Income Tax department has served him a notice in connection with his poll affidavits submitted to the poll panel.
IndiaTimes - Published

Sharad Pawar gets Income Tax notice over poll affidavits

NCP chief Sharad Pawar on Tuesday said the Income Tax department has served him a notice in connection with his poll affidavits submitted to the Election Commission.
IndiaTimes - Published

PM Modi to launch platform to honour honest taxpayers on Thursday

Prime Minister Narendra Modi will launch a platform for honouring the country's honest taxpayers on Thursday. The 2020-21 Budget unveiled on February 1, had announced a 'taxpayer charter', which is..
IndiaTimes - Published

I-T raids in Delhi, Jaipur in tax evasion case against Rajasthan group

The Income Tax Department is conducting searches in four cities, including Delhi and Jaipur, in connection with a tax evasion case against a Rajasthan-based jewellery group, officials said on Monday...
IndiaTimes - Published

Hawala probe: I-T dept issues notice to Congress for receiving Rs 170-cr funds

The Income Tax Department has issued a notice to the Congress seeking an explanation over the party allegedly receiving funds to the tune of Rs 170 crore from a company as part of its tax evasion probe..
IndiaTimes - Published

I-T dept attaches Rs 1,600-cr 'benami' assets of Sasikala

The Income Tax Department has attached 'benami' assets worth Rs 1,600 crore belonging to VK Sasikala, an aide to former Tamil Nadu chief minister J Jayalalithaa, officials said on Tuesday. Sources said..
IndiaTimes - Published

After I-T raids, self proclaimed godman Kalki denies rumors of leaving the country

The Income Tax department had on Monday seized Rs 44 crore in cash and 90 kgs of gold during a search conducted on properties of 'White Lotus' in Chennai, Hyderabad, Bengaluru, Chittoor, and Kuppam...
IndiaTimes - Published

Karnataka's ex-Deputy CM G Parameshwara's personal assistant commits suicide

According to sources, the Income Tax department has denied any link to Ramesh's suicide with recently conducted raids at the premises of G Parameshwara.
DNA - Published

Karnataka: I-T department raids premises linked to ex-Deputy CM G Parameshwara

According to sources in the Income Tax department, the raids have been conducted at around 30 premises linked to Parameshwara.
DNA - Published

Central government 'harassing' DK Shivakumar to demoralise him and his supporters, says Malikarjuna Kharge

Alleging "political vendetta", senior party leader Malikarjuna Kharge said "the Central Government is harassing DK Shivakumar and wants to demoralise him along with his supporters. As per rules..
IndiaTimes - Published