IT department

Sorry No Post Found

CAG pulled up Income Tax Department for not recovering tax arrears worth over Rs 4,500 crore

Income Tax - The CAG has pulled up the Income Tax Department for not recovering tax arrears worth over Rs 4,500 crore from various entities due to a lack of coordination between two of its wings. The government auditor, in its latest report tabled in Parliament, said it found several cases where the Assessing Officers (AOs) did not communicate update...

Read More

Net direct tax collection down 48 percent in April-May while Gross collection up by 37 per cent

Income Tax - The net direct tax collection during the first two months of the current fiscal fell by 47.93 per cent, mainly on account of dolling out of large refunds by the IT department. Net direct tax collections, gross collections minus refunds, were down by 47.93 per cent at Rs 12,954 crore during the first two months of the current fiscal, the f...

Read More

SC directs IT dept to freshly decide issue of TDS on network sharing fees paid by telecom companies

Income Tax - The Supreme Court has directed the Income Tax department to freshly decide the issue on whether telecom operators Bharti Airtel and Vodafone would have to deduct TDS while paying BSNL for sharing network of the state-owned firm. A bench comprising Chief Justice S H Kapadia and Justice K S Radhakrishnan directed the IT department to adjudi...

Read More

Fake income tax commissioner held for extortion

Income Tax - The crime branch of Delhi Police has arrested a 24-year-old man who allegedly posed as an income tax commissioner and demanded Rs 30 lakh from a businessman in return of closing a fictitious complaint against the victim. The accused, Dinesh Kumar, was arrested last Friday from the Millennium Park area in southeast Delhi....

Read More

Income tax department biggest litigant

Income Tax - Calling it the biggest litigant in the entire Government, Finance Minister Pranab Mukherjee has asked the Income Tax Department to reexamine the way it handles tax disputes. He said, the Department is filing appeals in a routine manner without careful thought and examination leading to the Income Tax Department earning the dubious distinc...

Read More
Sorry No Post Found
Sorry No Post Found

Recent Posts in "IT department"

CAG pulled up Income Tax Department for not recovering tax arrears worth over Rs 4,500 crore

The CAG has pulled up the Income Tax Department for not recovering tax arrears worth over Rs 4,500 crore from various entities due to a lack of coordination between two of its wings. The government auditor, in its latest report tabled in Parliament, said it found several cases where the Assessing Officers (AOs) did not communicate update...

Read More
Posted Under: Income Tax |

Net direct tax collection down 48 percent in April-May while Gross collection up by 37 per cent

The net direct tax collection during the first two months of the current fiscal fell by 47.93 per cent, mainly on account of dolling out of large refunds by the IT department. Net direct tax collections, gross collections minus refunds, were down by 47.93 per cent at Rs 12,954 crore during the first two months of the current fiscal, the f...

Read More
Posted Under: Income Tax |

SC directs IT dept to freshly decide issue of TDS on network sharing fees paid by telecom companies

The Supreme Court has directed the Income Tax department to freshly decide the issue on whether telecom operators Bharti Airtel and Vodafone would have to deduct TDS while paying BSNL for sharing network of the state-owned firm. A bench comprising Chief Justice S H Kapadia and Justice K S Radhakrishnan directed the IT department to adjudi...

Read More
Posted Under: Income Tax |

Fake income tax commissioner held for extortion

The crime branch of Delhi Police has arrested a 24-year-old man who allegedly posed as an income tax commissioner and demanded Rs 30 lakh from a businessman in return of closing a fictitious complaint against the victim. The accused, Dinesh Kumar, was arrested last Friday from the Millennium Park area in southeast Delhi....

Read More
Posted Under: Income Tax |

Income tax department biggest litigant

Calling it the biggest litigant in the entire Government, Finance Minister Pranab Mukherjee has asked the Income Tax Department to reexamine the way it handles tax disputes. He said, the Department is filing appeals in a routine manner without careful thought and examination leading to the Income Tax Department earning the dubious distinc...

Read More
Posted Under: Income Tax |

Explain income source: Income Tax department to Congress leader Kripashankar Singh

Congress leader Kripashankar Singh, who is currently under various investigating agencies' scanner for allegedly amassing huge wealth, has been asked by the income-tax department to explain his income source for properties acquired in the city and elsewhere. The I-T department will also estimate the properties' value....

Read More
Posted Under: Income Tax |

IPL Payers not having PAN may loose 1/5th of the earning as TDS

The Income Tax department which is probing all financial transactions of the Indian Premier League (IPL) has advised all foreign players to obtain PAN cards, failing which they will have to pay penal tax on their cricket related earnings in India....

Read More
Posted Under: Income Tax |

IT dept refuses to disclose info on IAS officials under RTI

The Central Information Commission feels that details of property belonging to government servants and even judges of the high courts and the Supreme Court are subject to the purview of the Right To Information (RTI) Act but some government departments, including the Income-Tax department, seem to think otherwise....

Read More
Posted Under: Income Tax |

Income Tax Dept. asks for documents for Satyam probe

The Income Tax Department, one of the investigating agencies probing  the Satyam fraud case, has asked the Hyderabad Police for documents related to purchases and investments by the firm’s former Chairman Ramalinga Raju....

Read More
Posted Under: Income Tax |

Browse All Categories

CA, CS, CMA (3,481)
Company Law (3,399)
Custom Duty (6,603)
DGFT (3,446)
Excise Duty (4,043)
Fema / RBI (3,249)
Finance (3,454)
Income Tax (25,017)
SEBI (2,733)
Service Tax (3,280)

Search Posts by Date

September 2017
M T W T F S S
« Aug    
 123
45678910
11121314151617
18192021222324
252627282930