Income Tax Department

IT departments release official statements after raid at Actor Taapsee Pannu’s and Director Anurag Kashyap’s properties 

The Income Tax department conducted a raid on Wednesday, 3rd March, 2021 at over 30 locations in Mumbai and Pune, including the premises of film director Anurag Kashyap, actress Taapsee Pannu, filmmaker Vikas Bahl, and Madhu Mantena.

Actress Swara Bhasker and Director Anubhav Sinha comes in support of Taapsee Pannu and Anurag Kashyap after I-T department raids their places

I-T department conducted searches at 20 places in Mumbai and Pune on allegations on tax evasion on Wednesday. Actress Swara Bhasker comes in support of Taapsee and Anurag.

Income Tax department raids at properties of actress Taapsee Pannu and director Anurag Kashyap

As per initial reports, Income Tax department conducts searches over 20 places in Mumbai and Pune on allegations of tax evasion.

Budget 2021: No relief in income tax, say experts

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Special Unit created in IT department to probe undisclosed foreign assets

CBDT issues income tax refund of Rs 1,29,190 crore to 39.49 lakh taxpayers

The CBDT issued income tax refunds of Rs 34,820 crore in 37,55,428 cases and Rs 92,370 crore in 1,93,059 cases.

AR Rahman receives tax invading notice from Madras HC

The Income Tax Department has accused composer AR Rahman for avoiding income tax on ₹3.47 crore in the year 2011-2012. The department had approached the Madras High Court for the same.

PM Modi to launch a new scheme to reward honest tax payers

SEBI’s reversal trade settlement causes loss to Income Tax Department

And it has reached such a scale that market regulator SEBI has chosen to offer a one-time settlement to nearly 15,000 practitioners of the technique, instead of fighting long drawn-out cases in the court. These trades took place on the BSE’s derivatives segment between April 2014 and April 2015.

Finance Ministry extends revised income tax returns till September 30

The government has formally extended the date to file revised income tax returns for the financial year 2018-19, to September 30, 2020 from the earlier date of July 31, 2020.

Vodafone-Idea gets favourable order against Income Tax Dept

Vodafone Idea should get the refund immediately as the top court did not stay the Bombay High Court order directing to process the amount within two weeks.

Tax exemption on income through sovereign wealth funds: IT Dept

The Income Tax Department has notified tax exemption on income arising out of global funds concentrated on creating infrastructure in the country.

Relief for Taxpayers as deadline for filing Income Tax Returns until 30 November

In another measure seen as a step to espouse the economically hit classes of the country, the final date for filing Income tax returns has been extended yet again.

New tax slab introduced by Income Tax Department to claim exemption

A new tax slab has been introduced by the Government in the Rights To Responsibility Act. Which offers lower tax rates, that can be claimed as exemption on conveyance allowance received from your employer.