"income-tax-department"

Hyderabad: Two people were duped by cyber fraudsters in separate cases in the city. In one case, a job aspirant, Shravan Kumar of Jubilee Hills, was duped of Rs 2 lakh by a woman who collected the money on the pretext of arranging a job in the Income Tax Department. According to Hyderabad Cybercrime officials, […]

Modi goverment stuck to script and chose to fill long-vacant slots in the direct taxes czardom without obsessing over seniority or even rules related to retirement.

The I-T department did not specify the financial year for the refunds. However, it is believed that the refunds are for tax returns filed for the 2019-20 fiscal.

A day later, without naming the people or companies searched, the CBDT said the entities searched were mainly engaged in the business of production of motion pictures, direction of celebrities and other artists.

The action was carried out on February 26 and a total of 20 premises in Tamil Nadu, Gujarat and Kolkata were searched and surveyed, it said.

During the course of the search operation, hand written books, agreements and loose sheets revealing undisclosed cash transactions were seized

Over 2.99 crore ITR-1 were filed till January 10 this year, lower than the 3.11 crore filed till September 10, 2019.

Hyderabad Police Commissioner Anjani Kumar said on Tuesday around 8 pm, around 10-15 persons had reached Rao's house in Bowenpally posing as officials of the Income Tax department.

An IT department source related to probe told IANS, "An I-T team is at Vadra's residence to record his statement in the Benami properties matter."

A senior IT official, requesting anonymity told IANS, "There are no searches or raids but we are carrying out limited verification exercise at the offices of the Larsen and Toubro and Zee group as we had information that they had claimed bogus input tax credit."

The government has extended the ITR filing deadline for individuals till January 10, and for companies till February 15

The deadline to file Income Tax Returns (ITRs) by individual taxpayers for 2019-20 fiscal (Assessment Year 2020-21) ends on December 31, 2020, while the same for taxpayers whose accounts require to be audited is January 31, 2021.

Those wanting to put an end to their tax disputes have to file an applications online before December 31 and they will be redressed by March 31, 2021.

According to officials, the raids were carried out on November 27 in the case of an IT SEZ developer, its former director and a prominent stainless-steel supplier at 16 premises.

New Delhi: Income Tax Department has seized Rs 62 crores cash from entry operator Sanjay Jain and his beneficiaries during raids, sources said. This is among the biggest cash seizures from Delhi-NCR post demonetisation. Raids are underway in 42 premises of Delhi-NCR, Punjab, Haryana, Uttarakhand and Goa, sources said. Sources added that as entry operator, […]

These instructions are guidelines to help the taxpayers for filling the particulars in Income-tax Return Form-1 for the Assessment Year 2020-21 relating to the Financial Year 2019-2020