Some officers facing allegations or vigilance actions may choose to retire early creating a talent crunch The unprecedented dismissal of 12 senior I-T officers without retirement benefits has
The Income Tax Department’s newly set-up Centralised Verification Centre (CenVC) is planning to send the first set of e-tax notices to ‘non-filers’, starting this week. There are a
The Income Tax (I-T) officials have used satellite image to nab a tax evader claiming that this is apparently the first such approach by the department. With the
The government’s statement comes in the wake of reports that PANs not linked with Aadhaar number by March 31, 2019 may be invalidated. Highlights The statement comes in
The taxation scene could change radically as India enters uncharted territory from April 1. On Day 1 of the new financial year, the taxman will begin looking into
Assessees will be given a chance to explain their case under ‘best judgment assessment’ The Central Board of Direct Taxes (CBDT) has set a deadline of March 31
The Income Tax (I-T) Department issues tax refunds to all the individuals and corporate entities who have paid higher income taxes as compared to their actual liability. The
Centre’s notification exempts investments up to ₹25 crore in eligible firms and funding by non-resident Indians The Centre on Tuesday notified new rules pertaining to angel tax which,
A special Central Bureau of Investigation (CBI) court on Wednesday sentenced a serving Income Tax (I-T) commissioner to seven years of rigorous imprisonment in a 14-year-old case pertaining
Suspicious income tax refund claims have gone up in last three years and scrutiny assessments have been initiated against taxpayers claiming high refunds inconsistent with the pattern of
