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Parties’ tax-free income Rs 2,490 crore

Tax-exempted income of the 10 main political parties in the last five years touched a whopping Rs 2,490 crore with Congress and BJP accounting for around 80 per cent of the exempted amount, according

Parties’ tax-free income Rs 2,490 crore

Tax-exempted income of the 10 main political parties in the last five years touched a whopping Rs 2,490 crore with Congress and BJP accounting for around 80 per cent of the exempted amount, according

I-T men carryout 'raids' on cine, TV artists

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Income-tax officials visited the residences of Tollywood’s leading comedian Brahmanadam, TV anchors Jhansi, Suma, Udaya Bhanu and Omkar and singers Sunitha and Geeta Madhuri with 'survey warrants' on

I-T raids GMR offices in 4 cities

The Directorate of Income Tax (Investigation), Karnataka, on Thursday conducted search and seizure operations at the offices of GMR group – the global infrastructure company headquartered in Bengaluru

Govt extends last date for filing all IT returns to Aug 31

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The government has extended the last date for filing of all income tax returns for 2011-12 by a month.

The Central Board of Direct Taxes (CBDT) has extended the 'due date' of filing of all returns f

Gujarat IT department detects Rs 111 crore of undisclosed income

Gujarat's Income Tax department has detected allegedly undisclosed income of Rs 111 crore during a I-T survey on a transport and logistics firm.

"On the basis of evidences gathered and inquiries con

I-T cracks whip on refund frauds; finds anomalies in mechanism

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An internal probe by the Income Tax department to detect the occurrence of a spate of refund frauds, has found that swindlers have hacked into the user-ids of retired officials and unclaimed 'suspen

I-T raid at Chiranjeevi kin's house

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Income tax officials here conducted raids at the premises of business tycoon L.V.R. Sivaprasad at Alwarpet in the city and recovered cash and documents, sources said.

They said over 20 IT officials c

I-T goes into flashback mode

The proposed amendment (Amendment 911) to the Income-Tax Act with retrospective effect from April 1, 1962, that would allow the authorities to tax transactions like Vodafone’s acquisition of Hutch, am

Vodafone judgement fallout: I-T reviews probe in 2G case

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In an apparent fallout of the Supreme Court's order in the Vodafone case, the Income Tax department has started a review of its probe in the 2G spectrum scam which relied heavily on the premise of cap

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I want to begin with a little story that was told to me by a leading executive at Aptech. He was exercising in a gym with a lot of younger people.

Shekhar Kapur’s Bandit Queen didn’t make the cut. Neither did Shaji Karun’s Piravi, which bagged 31 international awards.