Income Tax

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Probe sought into Botsa’s lavish spending

A petition was filed in the AP High Court on Monday, seeking a direction to the chief commissioner of Income-Tax to inquire into the amount spent by transport minister and PCC president Botsa Satyanar

Centre on hunt to nail tax-evaders

The Centre on Saturday stated that investigations are in progress with the tax authorities of other countries against those who have stashed black money abroad to obtain more information regarding the

Taxman goes after Nitin Gadkari

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After the ministry of corporate affairs, the income-tax department has also decided to probe the fund transfers by alleged 'shell' companies to BJP president Nitin Gadkari’s company Purti Power and S

After MCA, Income Tax begins probing Gadkari companies

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After Ministry of Corporate Affairs,Income Tax department too has launched a probe to trace the source of funding of various firms that invested in BJP president Nitin Gadkari's company Purti Power an

Expert panel wants GAAR deferred by 3 years

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A controversial set of laws to stop tax avoidance in India should be deferred until 2016, an advisory panel set up by Prime Minister Manmohan Singh to examine the rules said on Saturday, a move likely

Govt expands scope of GAAR panel to cover all non-residents

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The government on Saturday expanded the scope of the expert committee on General Anti-Avoidance Rules (GAAR) to include all non-resident tax payers, even as the Committee submitted its draft report

I-T wing’s Rs 10K cr locked in cases

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The income-tax department is under severe fiscal stress with Rs 10,000 crore locked up in various disputes, J.K. Hota, the chief commissioner of I-T, said on Friday.

Speaking at a press conference, M

Reebok India case: I-T finds no signs of big corporate fraud

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About two months after a criminal case was filed by Reebok India against two of its former employees over a scam allegedly involving Rs 870 crore, the Income Tax department has found that it may no

E-filing of I-T returns expected to double in fiscal 2013

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The Income Tax department is expecting a 100 per cent increase in e-filing of returns in fiscal 2013 as taxpayers whose annual salary exceeds Rs 10 lakh and holding assets abroad will have to mandat

Malayalam actor Mohanlal booked for possessing elephant tusk

Eleven months after Income-Tax (I-T) department officials searched actor Mohanlal's houses, a case has been registered against him for keeping an elephant tusk at his home, said a Kerala forest depart

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