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About 391 results for "income tax authorities"

SPARC gets income tax demand notice for Rs 32.87 cr

Sun Pharma Advanced Research Company (SPARC) today said it has received a demand notice from income tax authorities for a sum of Rs 32.87 crore. The company is contesting the demand, which is for the assessment year 2013-14, SPARC said in a regulatory filing. Business Standard, 1 day ago

77 images for income tax authorities

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Seven things you must do before 31st March

Income tax authorities have specified deadlines for many actions. If you follow the rules, you stand to gain in terms of saving on income tax and peace of mind.
 Money Control4 days ago

"This assumes significance also in view of the state of

law that the findings of the income tax authorities/forums are not binding on a criminal court to readily accept legality or lawfulness of the source of income, as mentioned in the income tax returns by an assessee, without any semblance of inquisition into ...
 DNA1 week ago

Though the proceedings against Jayalalithaa has been

The apex court said the "documents reveal that before the income tax authorities, the representative of A1 himself had put forth an argument that Rs one crore was advanced by A1 to Sasi Enterprises towards share capital and further it was submitted that on ...
 DNA1 week ago

New rules may allow confiscation of absconder's assets

The department of economic affairs is said to be in discussions with various probe agencies, including the income tax department and the Enforcement Directorate, and bankers in drafting the final rules. Image: The move is triggered by beleaguered businessman Vijay Mallya, who is in the UK for nearly a year, being declared a ‘wilful defaulter’ by lenders for non-payment of loans over Rs 9,000 crore by his now-defunct Kingfisher Airlines. Photograph: Reuters. The government is ...
 Rediff.com3 weeks ago Beware! Income Tax department can dig in past 10 years of your returns to unearth blackmoney  DNA3 weeks ago What to do if you get an income tax notice after demonetisation  Money Control1 month ago Noida Authority officials, engineers under I-T scanner  The Hindu1 month ago

IT Dept. attaches properties under Benami Property Transactions Act

[India], Jan. 31 (ANI): The Income Tax (IT) Department has recently attached properties under Prohibition of Benami Property Transactions Act, 1988, and issued 87 notices out of which 42 properties have already been attached in the last few days, sources ...
 Sify3 weeks ago How to pay tax and claim deductions for joint home ownership  Rediff.com1 month ago Benami property transactions on I-T radar  Rediff.com1 month ago

I-T dept is tracking you transactions

Income tax authorities have set up an e-platform through which banks and other institutions can report the transactions to them. Here are 10 key things to know: 1) Banks have to report cash deposits aggregating to Rs 10 lakh or more in a financial year, in ...
 MSN India1 month ago Budget may give FPIs relief from tax on indirect transfers  Rediff.com4 weeks ago Banks may share transaction data with money sleuths  Rediff.com1 month ago

Budget 2017: I-T officials get more teeth track tax evaders

This Budget has also given authority to more income tax officials to exercise their power in case of any inquiry or probe, "without seeking prior approval of higher authorities".
 Money Control3 weeks ago Your Wire on 21 December  catchnews.com2 months ago Demonetisation: BJP leader Sushil Vaswanis residence, office, raided by IT officials in Bhopal  catchnews.com2 months ago IT officials raid office, residence of BJP leader Sushil Vaswani  Sify2 months ago

Hawala operators laundered Rs a1,600cr through shell firms

As it scans and analyses millions of banking transactions post-demonetisation, the income tax (I-T) department has found dozens of shell companies which have been used by hawala operators to launder black money to the tune of Rs 1,600 crore. Tax sleuths have ...
 The Financial Chronicle1 month ago I-T dept raids TN CS's son, kin; seize Rs 18L cash, gold bars  Deccan Herald2 months ago I-T dept seized Rs 11 cr cash post demonetisation in AP & Tel  Business Standard2 months ago IT dept seizes Rs 10.80 cr cash from bank lockers in Pune  Deccan Herald2 months ago

'No I-T exemption for political parties'

Finance minister Arun Jaitley on Saturday declared that political parties were as liable to be questioned by income tax authorities as anyone else and they enjoyed no immunity whatsoever.
 MSN India2 months ago Parties can't accept junked notes in donations; exemption rules unchanged: FM  Rediff.com2 months ago Political parties don't enjoy immunity, liable to I-T query  Rediff.com2 months ago Political parties do not enjoy immunity, liable to I-T query: FinMin  Deccan Herald2 months ago
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