I-T
I-T dept to initiate prosecution action in HSBC Geneva cases
The Income Tax department is mulling to initiate prosecution action for concealment of income against those black money hoarders whose names have allegedly figured in the classified list of account ho
I-T department asks for over Rs 413 crore as tax from BCCI
The income tax department has demanded over Rs 413 crore as tax from the world's richest cricket body, the BCCI as per its income assessment for the year 2009-10 of which only Rs 41 crore have been pa
I-T probe report on Balakrishnan submitted to CBDT
The Income Tax department has submitted to the CBDT a 'full probe report' of investments and assets of ex-Chief Justice of India and NHRC chief K.G. Balakrishnan and his family members.
The probe re
CAG pulls up I-T Dept for non-recovery of Rs 4,500 crore tax dues
The CAG has pulled up the Income Tax Department for not recovering tax arrears worth over Rs 4,500 crore from various entities due to a lack of coordination between two of its wings.
The government a
Pranab hopeful of DTC roll out from April 1, 2012
Finance Minister Pranab Mukherjee on Saturday expressed hope that the DTC would be cleared in the Winter Session of Parliament and there would be no problem in rolling out the new direct tax regime fr
Finmin to study blackmoney modus operandi
The finance ministry will conduct a study on the ‘modus operandi of concealment’ of blackmoney in the country by major business and public sectors and other channels.
