Income Tax

Photo: First Post

Income Tax Department Conducts Multiple Raids Amid Tax Evasion

The income tax department launched multiple raids as part of a tax evasion probe against registered unrecognised political parties (RUPP) and their alleged dubious funding. Conducted on September 7, the raids were carried out in Gujarat, Delhi, Uttar Pradesh, Maharashtra, Haryana and some other states. The surprise raid was in the view of suggestion of the Election Commission, amid alleged tax evasion by companies.

Wed, 07 Sep 2022 - 12:30 PM / by Varsha Joshi

Tags: Tax Evasion, Income Tax Department, Political Parties, Delhi, Pan India Raids

Shiv Sena leader Aaditya Thackeray

Photo: The Indian Express

IT Raids At Shiv Sena Members, Party Criticises BJP

Income Tax department raided the office and residence of Shiv Sena leaders and Maharashtra ministers Aaditya Thackeray, Anil Pranab. The raid was carried out in Mumbai and Pune. Besides ministers, Pranab's chartered accountant's house was also raided at Bandra. Before this, IT also conducted raids at many BMC contractors properties. The Shiv Sena Government criticised the BJP and lashed out at these baseless raids against the Maharashtra… read-more

Wed, 09 Mar 2022 - 09:06 AM / by Rupsa Debnath

Tags: Maharashtra, Shiv Sena, Party leader, Income Tax, Income Tax Department

IT Department Car

Photo: The Shillong Times

IT Department Raids Chinese Mobile Companies And Fintech In Major Cities

The Income Tax Department started massive searches on leading Chinese mobile companies and Fintech companies in India. The search started on December 21 and is still underway, includes companies like Oppo, Xiaomi, and One Plus. "Raids are going on in Mumbai, Delhi, Bengaluru, Greater Noida, Kolkata, Guwahati, Indore and other regions. The major crackdown was based on an intelligence input of  tax evasion, but further details are awaited. 

Wed, 22 Dec 2021 - 06:40 PM / by Varsha Joshi

Tags: fintech, Chinese Mobile companies, Tax Evasion, Income Tax Department, metropolitan cities

Courtesy: ANI


Photo: The Indian Express

'3 Crore Taxpayers Successfully Completed Transactions', Says Infosys After Fixing Glitch

After harsh criticism by the government over ongoing errors in the new tax portal, Infosys has highlighted on September 23 that "three crore taxpayers have completed transactions using the site and 1.5 crore tax returns were filed". Based on interaction with over 1200 taxpayers directly, Infosys has fixed the glitches. Reportedly, Infosys is now focusing on steadily increasing the Income Tax E filing.

Fri, 24 Sep 2021 - 09:20 AM / by Shiksha Dev

Tags: Infosys, Tax Portal, Glitches, Government, Income Tax Department

Courtesy: NDTV

Aadhaar-Pan Card linking

Photo: Zee News

Aadhaar, PAN Card Link Mandatory Before March 2022; Govt Extends Deadline

The date for linking Aadhaar and PAN cards has been extended by the government from September 30 to March 31, 2022. An extension of 6 months has been granted. Linking the PAN with the Aadhaar is mandatory to avoid making PAN inoperative. Inoperative means one would not be allowed to make transactions. Moreover, one can reach the e-filling website of the Income-tax Department to link the two.

Sat, 18 Sep 2021 - 12:45 PM / by Ettishree Shukla

Tags: pan card, Aadhaar Card, panaadhaar card linking, Income Tax Department


Photo: Analytics India Magazine

Infosys Gets September 15 Deadline To Fix Glitches Faced By Taxpayers

After users couldn't access the Infosys portal for two consecutive days, Finance Minister Nirmala Sitharaman gave the deadline of September 15 to fix the glitches. Two meetings regarding the issues faced by taxpayers were held with Salil Parekh, Infosys MD and CEO, on August 23. The Income Tax Department released a statement saying that Parekh stated they “are doing everything to ensure the smooth functioning of the portal.”

Tue, 24 Aug 2021 - 10:16 AM / by Aditi Chavan

Tags: Infosys, finance minister nirmala sitharaman, Income Tax Department, Glitches, Taxpayer

Courtesy: The Indian Express


Photo:Dainik Bhaskar

Income Tax Department Raids Dainik Bhaskar's Offices

In correspondence with the tax evasion case, Income Tax Department is conducting search operations at Dainik Bhaskar's office in Bhopal, Jaipur, Ahemdabad, and various other locations across India. Besides, promoters' residences and offices are being targeted. Former Madhya Pradesh CM Digvijaya Singh said on Twitter that authorities "are present" at half a dozen premises of the bunch, as well as at the office at Press Complex in Bhopal.

Thu, 22 Jul 2021 - 01:37 PM / by Umang Bafna

Tags: Income Tax Department, Dainik Bhaskar, Tax Evasion Case, Indian newspapers

Courtesy: Money Control

Bill Payment

Photo: The Financial Express

Govt Allows Payment Of Hospital Bills Over Rs 2L In Cash

The Income Tax Department has allowed hospital bills of over Rs 2 lakh to be paid in cash, provided that Aadhar card or PAN has been produced. "Provisions of Section 269ST of IT-Act have been relaxed to allow cash payments of more than Rs two lakh to hospitals for COVID treatment,” tweeted the IT department. It further discarded the claims of appointing officials to keep a check on bill payments. 

Thu, 13 May 2021 - 01:09 PM / by Nikita Thakur

Tags: Income Tax Department, Covid-19, cash payments, Income Tax, hospital bills

Courtesy: DNA

Representational Image

Photo: DNA India

Govt Defers Timelines For Filing Various Tax Compliances, ITR Till May 31

The Central Board of Direct taxes has extended the timelines for various tax compliances and for filing Income Tax Returns for the 2019-20 fiscal till May 31. Citing the burgeoning COVID-19 situation, the timelines for filing belated returns, ITR, objections to dispute resolution panel and appeals to commissioners were deferred. While the extension decision came after requests by tax consultants and stakeholders, experts suggest further… read-more

Sat, 01 May 2021 - 06:00 PM / by Anvitha Shetty

Tags: Income Tax, Financial condition, Covid-19, FISCAL YEAR, Income Tax Department

Courtesy: Times of India

Anurag Kashyap, Tapsee Pannu.

Photo: Zee News

IT Deptt Claims Of Rs 650-Cr Discrepancy After Raids On Kashyap, Pannu

Amid the search on entities related to Bollywood celebrities Anurag Kashyap and Tapsee Pannu, the Income Tax department has claimed to unearth discrepancies amounting to Rs 650 crore. Investigating 28 locations in Mumbai by 168 tax officials, it further claimed that the scrutinized production houses were unable to explain the discrepancy of the amount concerned. The team also found bogus expenditure worth Rs 20 crore. However, the celebrities… read-more

Fri, 05 Mar 2021 - 01:46 PM / by Harsh Vardhan

Tags: Income Tax Department, Anurag Kashyap, Tapsee Pannu, Tax Fraud

Courtesy: The Indian Express