income tax


Sebi shares info on 14,720 entities involved in non-genuine trade

Jun 17 2018

Sebi has shared its findings about 14,720 entities that indulged in non-genuine trades through illiquid stock options with IT and the Ministry of Corporate Affairs.

Taxpayers' appeals in ITAT must mention amount locked in dispute

Jun 13 2018

Income tax payers filing appeals before ITAT will have to provide info relating to the amount locked up in dispute along with a brief case history and the relief claimed.

IT department among top three revenue earners: Official

Jun 02 2018

The Income Tax dept now ranks among the top 3 "revenue-earners" of the central govt and there is still a huge potential for growth, a top IT official has said.

Be an informer to I-T dept; earn up to Rs 5 cr

Jun 01 2018

Sharing "specific information" with the income tax department about any benami transaction or property could earn you up to Rs one crore.

Get up to Rs 5 cr for info on tax evasion, benami transactions

Jun 01 2018

2. Government launched three new reward schemes under which a person can get up to Rs 5 crore for information on tax evasion and 'benami' transactions and properties.

Angel investors in start-ups get income tax exemption

May 26 2018

The tax department today exempted angel investors from income tax on their investments in start-ups with effect from April 11.

All 7 ITR forms released for e-filing: IT dept

May 26 2018

The Income Tax Department today launched and activated all the seven ITR forms for e-filing by taxpayers, after more than a month of them being notified.

Shell firms: I-T dept to file pleas in NCLT to extract tax due

May 21 2018

The I-T Dept is an "aggrieved creditor" to many de-registered shell companies and will petition the NCLT to recover tax dues of crores of rupees.

PNB refuses to disclose details on over Rs 13,000 cr scam

May 20 2018

PNB has refused to disclose details of the audit or investigation that led to detection of over Rs 13,000 crore fraud at the company.

I-T Dept conducts searches at premises of real estate group

May 16 2018

The Income Tax dept conducted searches at the premises of a real estate group in various parts of the country for suspected tax evasion, an official said.

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