ITR filing

Photo: The Times of India

File ITR By July 31 As There's No Extension By IT Department

The Income Tax Department asked all taxpayers to file their income tax returns (ITR) before July 31. With the Centre making it clear that it is not contemplating extending the deadline further. "Remember to e-verify after filing”, tweeted the IT Department. However, filing an income tax return is just half the work done, and you need to e-verify your ITR within 30 days of filing.

Mon, 31 Jul 2023 - 03:40 PM / by Varsha Joshi

Tags: business, IT Department, taxpayers, Indian Business, No Extension

Courtesy: Live Mint


Photo: The Indian Express

IT NITES Complaints To Labour Ministry Against Wipro Over Salary

Disappointed with the company, IT employee union Nascent Information Technology Employees Senate (NITES) has filed a complaint against Indian IT major Wipro with the Labour Ministry. Filed on February 22, the complaint reads,  "The company [Wipro] is now reducing the salary of freshers unethically, which is a clear violation of the terms of the offer letter and a breach of contract." Wipro revised offer letter, reducing salaries by 50%.

Wed, 22 Feb 2023 - 12:53 PM / by Varsha Joshi

Tags: Wipro, IT Department, labour ministry, salary, Tech Company

Courtesy: Business Today


Photo: Telangana Today

IT Finds Tax Payment Irregularities During BBC Survey

After a massive search for four days at the BBC offices in Delhi and Mumbai, the Income Tax (IT) department officials said, they found tax irregularities. On February 17, the IT officials said found, "irregularities on certain tax payments." During the survey, the officials gathered several pieces of tax evasion evidence and seized documents at the offices. They also questioned employees, who stayed at offices and cooperated with the IT… read-more

Fri, 17 Feb 2023 - 06:29 PM / by Varsha Joshi

Tags: BBC Survey, IT Department, Tax Evasion, Irregularities, IT Raids

Courtesy: The Times of India

BBC Office

Photo: The Print

IT Dept Conduct Surveys At BBC Office In Delhi, Mumbai

A team of 15 officials from the Income Tax Department conducted survey operations at the offices of the BBC in Delhi and Mumbai, on February 14.  As per sources, the searches at the BBC offices were related to allegations of International Taxation and Transfer Pricing irregularities, said sources. The department is looking at documents related to the business operations of the company and those related to its Indian arm. 

Tue, 14 Feb 2023 - 02:16 PM / by Varsha Joshi

Tags: IT Department, Income Tax Evasion, bbc office, Raid

Courtesy: India Today

Crores of Money

Photo: Telangana Today

IT Unearths Crores From Unrecognized Political Parties In India After Raids

Acting upon the recommendations of the Election Commission of India, the Income Tax Department raided many unrecognized political parties in India. During the multiple raids, IT unearthed hundreds of crores from political parties which were functioning out of shops, slums and flats across India. One such unrecognised organisation run from a watch repair shop had received Rs 370 crore in donations. The raids were to uncover illegal parties.… read-more

Fri, 09 Sep 2022 - 03:38 PM / by Varsha Joshi

Tags: IT Department, Raids, Unrecognized Parties, Illegal, Worth Crores

Income Tax Department

Photo: Business Standard

I-T Departments Monitor High-Value Transactions, Report Immediately To Avoid Actions

Recently, the Income Tax (I-T Department) entered into agreements with several government agencies and financial institutions to access the records of individuals regarding high-value transactions. Now, the I-T Department is monitoring high-value cash transactions beyond a specific limit, and issuing notices to individuals, who fail to mention those high transactions, in their IT returns. The information needs to be updated in mutual-fund… read-more

Wed, 13 Jul 2022 - 01:15 PM / by Varsha Joshi

Tags: IT Department, Tax Payers, High-Vlaue Transaction, Notices, Finances

Courtesy: NDTV

Hero Motocorp

Photo: Twitter

IT-Raids At Premises Of Hero Motocorp CEO Munjal

The Income Tax officials, carried out searches at the premises owned by officials of Hero Motocorp, in various locations of Gurugram, Haryana. The IT-raids started from March 23 morning, and is underway at residence of the company's senior officials including top promotor and Chairman Pawan Munjal.  Besides Munjal, premises linked to other officials of the company are also being searched over allegations of tax evasion, resulting 1.5% stock… read-more

Wed, 23 Mar 2022 - 02:12 PM / by Varsha Joshi

Tags: Hero MotoCorp, Pawan Munjal, IT raid, IT Department, Tax Evasion


Photo: India Tv News

I-T Dept Seizes Unaccounted Cash, Liquor & Drugs Worth Rs 328 Crore Amid UP Elections

Income Tax Department Authorities have seized cash, drugs, liquor, and other inducements worth over Rs 300 crore so far, a report stated. In addition, Rs 15 crore was seized from Kanpur, Rs 11 crore was recovered by the IT Department and the rest by other agencies. Notably, this is twice the seizure made in the state during the 2017 assembly polls which were Rs 193.29 crore.

Sat, 05 Mar 2022 - 11:30 AM / by Shaloo Priya

Tags: politics, IT Department, SEIZES, Cash, Drugs

Courtesy: India Today

Raid at Samajwadi Party MLC Pammi Jain residence

Photo: Newsroompost

IT Dept Raids Samajwadi Party MLC Pammi Jain's Premises In Uttar Pradesh

The Income-tax department on December 31, conducted a raid at Samajwadi Party MLC Pammi Jain's residence in Uttar Pradesh. "BJP's fear and anger is clear. People are ready to teach a lesson to BJP," tweeted Samajwadi Party. Further details are awaited. Earlier, the Directorate General of GST Intelligence conducted a raid at Piyush Jain's premises where they seized Rs 194.45 crore of cash, 23 kg gold, and 600 kg sandalwood. 

Fri, 31 Dec 2021 - 12:50 PM / by Madhvi Jha

Tags: Samajwadi Party, IT Department, Pammi Jain, Uttar Pradesh, IT raid

Courtesy: ANI