Why tax refunds could shrink for millions of Americans as debt collection resumes in JanuaryTax refund garnishment: Millions of Americans with defaulted federal student loans face a significant change. Starting January 2026, the go...
09 Jan, 2026, 10.09 PM IST
March 31 is the last date to file ITR-U for AY 2021-22; If you miss, be ready to pay up to 200% of the income tax evadedIncome tax updated return: March 31, 2024 is the last date to file an updated income tax return (ITR-U) for AY 2021-22 (FY 2020-21). Do not...
22 Mar, 2024, 10.55 AM IST
Custom officials have to ascertain purity and value of seized goldNormally, when customs officials seize gold, they hand it over to the Reserve Bank of India (RBI) via SPMCIL on a quarterly basis, through ...
16 Sep, 2022, 04.52 PM IST
Cairn says completed all steps of retro tax repeal law, entitled to Rs 7,900 cr tax refundThe company on November 26, 2021, initiated proceedings to withdraw lawsuits it had filed in several jurisdictions to enforce an internatio...
25 Jan, 2022, 04.43 PM IST
Devas shareholders to continue seizing Indian assets abroad"The decision by the Supreme Court does not change anything. The Modi government and the Indian courts cannot rewrite the facts. Their flim...
23 Jan, 2022, 12.34 PM IST
$1.2 bn arbitration award: Govt says no formal proposal from Cairn to settle disputeWith New Delhi refusing to pay and instead challenged the award before a court in The Netherlands, Cairn has got the order registered in se...
02 Aug, 2021, 03.12 PM IST
Air India has time till mid-July to challenge Cairn lawsuitAir India is controlled by the Indian government so much that they are "alter egos", Cairn had said in the lawsuit filed with the US Distri...
20 Jun, 2021, 12.24 PM IST
No directive to PSBs to withdraw funds in foreign accounts: Finance MinistryIt added that the government was strongly defending its case against the arbitral award in the The Hague Court of Appeal on several grounds...
24 May, 2021, 07.41 AM IST
Cairn identifies $70 bn Indian assets for seizing to recover amount due from govt"The Indian government naturally will challenge such seizure but to save the assets it may have to pawn money equivalent to the value of as...
16 May, 2021, 05.11 PM IST
I-T returns: 3,500 exporters under lens"Traders who have clean transactions have nothing to fear and will not face any hardship," a tax official said.
20 Jun, 2019, 10.57 AM IST
Frauds prompt government to act tough on errant exportersGovt is working on a new "risk management system" under which the income disclosed in the tax returns will be matched with the value of con...
19 Jun, 2019, 10.47 AM IST
ET View: Remove arbitrariness in tax administrationThe Centre has sent out a stern warning to tax sleuths of zero tolerance towards graft.
11 Jun, 2019, 03.41 PM IST
Govt says cash seized during 2014 polls returned, draws SC ireThe Centre on Friday told the Supreme Court that almost entire cash seized during last general election was refunded.
12 May, 2019, 11.11 AM IST
India not to sell Cairn Energy shares to recover taxAn international arbitration tribunal is hearing Cairn's challenge to the government using a new law that gave it powers to impose tax retr...
19 Nov, 2017, 03.35 PM IST
Cairn adds another $249 mn to compensation claim from IndiaTo recover this, the tax department "seized" USD 104.7 million of dividend income due to it from Vedanta Ltd, where it holds about 5 per ce...
22 Aug, 2017, 05.54 PM IST
- IT Dept refunds Rs 51,908 crore till Oct 2012
The I-T department has paid a tax refund of Rs 51,900 crore during the first seven months of the current fiscal.
14 Dec, 2012, 08.32 PM IST
- FM makes tax dept more people-friendly
The government on Tuesday announced the setting up of a National Tax Tribunal for uniform interpretation and implementation of the Income T...
15 Jul, 2003, 12.51 PM IST