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
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
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
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
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
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