I-T Dept slaps Rs 582cr tax demand notice on Infosys

In fresh trouble for Income Tax department officer Ashutosh Verma who was arrested in 2008 for allegedly diluting I-T appraisal of companies of arms dealer Suresh Nanda, the Enforcement Directorate has registered a criminal case of money laundering against ...

The Income Tax department has trained its guns on the wealth of high net worth individuals. And the start has been made by seeking more information from more professionals, owners of proprietary business and partners in firms with annual income of over Rs 25 lakh (Rs 2.5 million) to declare their wealth in a separate disclosure in the income tax returns' form. This separate disclosure format, included in the income tax return forms for financial year 2012-13, wants details of movable ...

The Income-Tax department on Friday sought details of expenses incurred on Rashtriya Janata Dal's parivartan rally, which was held in Patna's Gandhi Maidan on May 15. The Income Tax department has asked the RJD of former chief minister Lalu Prasad ...

Income tax officials to go after evaders news.taaza.com: (3 Months ago) New Delhi, Feb 11 (IANS) Income Tax department has identified nearly 1.22 million possible evaders and will soon issue letters asking them whether they had paid taxes or not.

The Income Tax department on Thursday produced 30 documents before the Special Court here trying the disproportionate asset case against Tamil Nadu Chief Minister Jayalalithaa. The court had earlier sought the documents. The defence counsels sought time to ...

The Income Tax department has detected alleged tax evasion to the tune of Rs 7 crore in the business transactions of Purti group of companies related to former BJP President Nitin Gadkari. Probing the alleged dubious transactions of the Purti Power and Sugar ...

Do you know that your tax return may be picked for random scrutiny? It is quite possible that you receive a notice from the Income-Tax Department for old dues or ambiguous income. Sending scrutiny notice under section 143 (3) has become a style for ...

Income tax officials searched 15 stores across various cities of a Chennai-based jewellery chain on Thursday. Sources said the search was headed by the Chennai unit of the department on GRT Jewellers on charge of suppressing sales as well as income. The ...

West Bengal income tax (IT) department will soon have an idea of the amount of black money parked in the Saradha group, after noticing that hundreds of investors had claimed fixed deposits ranging between Rs. 5 lakh and Rs. 30 lakh in the company.