I T Department

  • Monitor illegal flow of money, liquor in Delhi: EC March 10, 2014

    New Delhi: The Election Commission (EC) on Monday directed the excise and the income-tax departments to strictly monitor the flow of illegal alcohol and flow of money in the national capital prior to the Lok Sabha polls. Delhi's seven constituencies go to polls on April 10. In a clear instruction, both...
  • IT dept puts stringent rules for allotment of new PAN cards January 29, 2014

    Mumbai: The IT department has put in stricter rules to curb misuse of PAN card. It has notified new procedures for verifying personal and proprietary data of an individual or entity for allotment of new PAN cards. Stringent proof of identity will be required from now on. It will also need...
  • Chidambaram to meet top IT brass later in May May 19, 2013

    New Delhi: Finance Minister P Chidambaram will inaugurate a twoday conference of top Income Tax department and CBDT officers later this month in the national capital and discuss efforts to maximise revenue collection. The annual conference of Chief Commissioners and Directors General of the IT department will be held on...
  • Graft charges may hit BJP chief Gadkari's 2nd term hopes October 25, 2012

    New Delhi: As more details of the web of shell companies associated with Bharatiya Janata Party (BJP) president Nitin Gadkari's Purti Group emerged, the Income Tax department swung into action. Sources in the IT department confirmed they were probing the source of funds of the 18 odd companies that are...
  • IT not harassing Ramdev: CBDT chairperson September 7, 2012

    New Delhi: The CBDT on Thursday rejected the charge that it was harassing Yoga guru Ramdev against whom it has slapped a Rs 58 crore notice for alleged violation of tax exemption provisions given to his trust. "As far as allegation of harassment of Baba Ramdev has been made by you...I...
  • Ramdev alleges witch hunt by UPA government August 29, 2012

    New Delhi: Yoga Guru Ramdev has accused the UPA government of witch hunt after it was announced that his trust Patanjali Yogpeeth's charitable status will be withdrawn. Ramdev claimed that he is being targetted because of his anticorruption movement against the UPA. "Just because we speak against corruption and blackmoney, the...
  • Is there more black money within India than outside? July 11, 2012

    A sting operation by IBN Network and Cobrapost has revealed the rampant use of black money in the Indian film industry. ...
  • IT department probe Pune franchise May 23, 2012

    New Delhi: The Income Tax Department is conducting an enquiry at the office of Indian Premier League (IPL) team Pune Warriors India. The enquiry follows a sting operation where some Pune players allegedly took money to spotfix during the IPL matches. The money is alleged to have been paid in cash...
  • Ponty Chadha reports Rs 175 cr 'undisclosed' income May 15, 2012

    New Delhi: Three months after the Income Tax department conducted searches on his businesses, liquor baron Ponty Chadha is said to have reported Rs 175 crore of 'undisclosed' income to the department. "The business group has admitted an undisclosed income of Rs 175 crore and further tax related proceedings are on,"...
  • No large scale reopening of IT cases: Pranab March 25, 2012

    New Delhi: The government on Sunday said it has no vindictive intention in retrospectively amending tax laws and has no plans to reopen a large number of old cases, while assuring India Inc that the IT Department will not act like a "policeman". Interacting with industry leaders in New Delhi, Finance...
  • Vodafone case: Centre moves SC seeking review February 17, 2012

    New Delhi: The Centre on Friday moved the Supreme Court seeking review of its verdict holding that the Indian Income Tax Department does not have jurisdiction to levy Rs 11,000 crore as tax on the overseas deal between Vodafone International Holdings and Hutchison Group. The court had on January 20...
  • Madhu Koda asked to pay Rs 1,200 cr tax January 3, 2012

    New Delhi: Former Jharkhand chief minister Madhu Koda has been slapped a Rs 1,200 crore recovery notice by the Income Tax department. The assessment wing of the IT department found that Koda amassed assets worth of Rs 3,300 crore. Koda has been asked to pay up the amount within a month. According...
  • Government to release Rs 150 coin soon February 22, 2011

    New Delhi: For the first time in the country's minting history, government will issue coins of Rs 150, marking the number of years of taxation in India. The special coins, to be released by Finance Minister Pranab Mukherjee before his Budget speech, will also be brought out in Rs 5 denomination...
  • Jharkhand CID issues alert to arrest Koda's aides November 12, 2009

    Ranchi: The Jharkhand Criminal Investigation Department (CID) on Thursday sounded an alert to various state and district police chiefs to arrest Vinod Sinha and Sanjay Chaudhary, associates of former chief minister Madhu Koda who is facing charges of laundering Rs 2,500 crore. The alert has been sounded following the issuance of...
  • Now, file incometax from home October 13, 2006

    New Delhi: No more standing in queues. You can now file tax returns from the comfort of your homes. "The IT department will continue to initiate measures, which are taxpayer friendly. I hope that companies will file their returns and installment of advance tax by October 31, 2006," Finance Minister P...