Bombay High Court asks I-T dept to refund Rs 1,128 crore to Vodafone Idea within 30 daysVodafone Idea tax refund case: The Bombay High Court said that the income tax department failed to follow procedure and directed the tax au...
09 Nov, 2023, 11.37 AM IST
New income tax e-filing portal to be launched from June 7, existing portal will be unavailable from June 1-6"In preparation for the transition to the new system, the existing e-filing portal will not be available to both taxpayers as well as depar...
20 May, 2021, 09.38 AM IST
Experts raise concerns over Budget proposal to scrap Income-Tax Settlement CommissionWhile the government expects the move will simplify tax administration, ease compliance and reduce litigation, tax experts claim any non-co...
15 Feb, 2021, 06.53 PM IST
No use of coercive powers by tax officers in case of recoveries: CBDTThe Central Board of Direct Taxes (CBDT) has restricted the coercive or intrusive powers of tax officers in case of tax recoveries, with im...
16 Oct, 2020, 09.59 PM IST
With Covid restrictions gone, demonetisation cash deposits back under the taxman's scannerTax assessments for 2016-17 were completed by December 31, 2019 when it became time-barred. But in cases where tax returns were not picked ...
24 Sep, 2020, 04.48 PM IST
Central Board of Direct Taxes issues Rs 71,000 cr tax refundsThe Central Board of Direct Taxes (CBDT) has issued refunds worth Rs 71,229 crore in more than 21.24 lakh cases till July 11, 2020. The ref...
18 Jul, 2020, 07.08 AM IST
I-T refunds worth Rs 71,229 crore issued to 21.24 lakh taxpayers during April 8-July 11The government has laid great emphasis on providing tax related services to the taxpayers without any hassles and is aware that during thes...
17 Jul, 2020, 07.38 PM IST
Tax dept asks officers working from home to chase large taxpayers for duesI-T dept has asked field formations to contact large taxpayers to follow up on pending collections.
31 Mar, 2020, 06.16 AM IST
CBI arrests sacked Income Tax Commissioner Sanjay Kumar SrivastavaCBI had raided Srivastava’s residence in August this year and claimed to have recovered jewellery worth Rs 2.47 crore, Rs 16.44 lakh in cas...
18 Dec, 2019, 03.01 PM IST
From Oct 1, all income tax notices to be resolved in 3 months from reply date: FMThe Finance Minister today in a press conference announced that tax notices to be disposed off within three months from date of reply.
23 Aug, 2019, 11.05 PM IST
CBI books sacked IT CommissionerSrivastava was among several income tax officers who were asked to retire by the government recently. The agency carried out searches at ar...
06 Jul, 2019, 07.29 PM IST
Big relief for individuals! I-T scrutiny turns faceless with e-proceeding facilityThe Finance Act of 2016 had provided the enabling provision that “hearing” includes communication of data and documents through electronic ...
13 Feb, 2018, 12.00 PM IST
Income tax unions threaten stir against new software rolloutThe strike call has been given by the I-T Employees Federation and Income Tax Gazetted Officers' Association. But they have not finalised a...
20 Oct, 2017, 07.13 PM IST
Tax officers to maintain digital records of summons, noticesIn the new 'Assessment Module' for Income Tax Business Application (ITBA), an electronic platform for regular operations, the department ha...
08 Feb, 2017, 01.17 PM IST
Tax grievances: Income Tax department to ensure 'e-nivaran'The I-T department has launched electronic grievance redressal system called 'e-nivaran' in order to fast track taxpayer grievances.
17 May, 2016, 05.08 PM IST
Income Tax department gets new tech tool to identify, kill duplicate PAN"The department earlier used to check against duplicity in a manual fashion which was not foolproof but the new electronic system is very a...
20 Mar, 2016, 12.57 PM IST
Government to unveil new I-T tool to check PAN transactions historyThe new platform will also allow the taxman to track "liquidation, dissolution, de-merger, merger, acquisition, fake PAN or amalgamation of...
14 Oct, 2015, 04.17 AM IST