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Income Tax Department

July 31 saw highest single-day ITR filing of 72.42 lakh

New Delhi: The Income Tax department saw a new record being set in terms of daily filing of I-T returns (ITR). Over 72.42 lakh ITRs were filed on July 31, the last day for filing for salaried taxpayers and other non-tax audit cases. This is the highest single-day ITR filing, as per the I-T department....

I-T department holds Iconic Week celebration in Ahmedabad

The programme in Ahmedabad on Wednesday was part of the ongoing Iconic Week celebration by the Union Ministry of Finance under Azadi ka Amrit Mahotsav   Ahmedabad: The Income Tax department in Ahmedabad organised a cultural programme on Wednesday under the aegis of Iconic Week celebration of the Union Ministry of Finance. The Iconic Week...

Maharashtra Dy CM Ajit Pawar’s assets worth Rs 1,000 crore attached by I-T dept

Ajit Pawar, a senior NCP leader, will have 90 days to prove that the properties were not purchased illegally   Mumbai: The Income Tax Department has provisionally attached NCP leader and Maharashtra Deputy Chief Minister Ajit Pawar’s properties worth approximately Rs 1,000 crore. The attached properties include Nirmal Tower at Nariman Point in Mumbai. The...

Sonu Sood breaks silence over allegations of tax evasion, says ‘every rupee waiting to reach needy’

Bollywood actor Sonu Sood has been accused of tax evasion to the tune of Rs 20 crore Mumbai: Days after the Income Tax department alleged tax evasion to the tune of Rs 20 crore by actor Sonu Sood, the latter broke his silence in the matter. On Monday, he issued a statement on social media,...

Actor Sonu Sood evaded Rs 20 crore tax: Income Tax dept

Mumbai: Actor and philanthropist Sonu Sood evaded taxes to the tune of Rs 20 crore, the Income Tax department said in a statement on Saturday, after three days of search operations. According to the department, Sonu Sood’s non-profit organization also raised Rs 2.1 crore in foreign donations through a crowd-funding platform. This collection was in...

Income tax team reaches Sonu Sood’s house after raids at office

I-T team had carried out searches at 6 locations, including at Sonu Sood’s office in Mumbai, on Wednesday in a case of alleged tax evasion   New Delhi: The Income Tax department’s investigation into a property deal involving actor Sonu Sood continued on Thursday, with officials reaching his house in the morning. The taxmen’s visit...

I-T department surveys premises linked to Sonu Sood in Mumbai, Lucknow

The Income Tax (I-T) Department is carrying out surveys at premises linked to actor and Good Samaritan Sonu Sood in Mumbai. I-T officials are also conducting a survey in a company premises linked to the actor in Lucknow, according to media reports. The surveys are being carried out in connection with an alleged tax evasion...

Ahmedabad: I-T dept searches properties of media house; finds proof of unaccounted transactions of over Rs 1,000 crore

Ahmedabad: The Income Tax department carried out a search and seizure operation on properties of a prominent business house based in Ahmedabad. The group is primarily engaged in media and real estate sectors. The I-T department teams covered over 20 premises of the group in Ahmedabad. They found and seized a large number of incriminating...

Income tax officials, women constables on way to Rajkot for raids injured in accident

In an unfortunate incident, six officers of the Income Tax (I-T) department and five women constables of the Ahmedabad city police who were part of the teams travelling to Rajkot for conducting raids met with an accident on Tuesday. The accident took place in the wee hours on Tuesday near Somasar village of Surendranagar, according...

PM Modi launches new tax platform

Prime Minister Narendra Modi on Thursday launched a new tax platform “Transparent Taxation—Honouring the Honest”. PM Modi said the new platform comprises of an array of tax reforms that would lead India towards a simple and transparent tax regime. The effort is to make the tax system seamless, painless and faceless, PM Modi said. Reforms...

CBDT appoints Amit Jain as I-T chief of Gujarat

The Central Board of Direct Taxes (CBDT) on Friday appointed Amit Jain as the Principal Chief Commissioner of Income Tax, Gujarat. Jain will replace Pritam Singh who has been appointed as Principal Chief Commissioner of Income Tax, Uttar Pradesh (East). Interestingly, Amit Jain was Director General of Income Tax of Gujarat till June when he...

I-T dept moves towards transparency with ‘faceless assessment system’

In a giant leap towards a transparent tax administration, the income tax (I-T) department has introduced the ‘faceless assessment system’.  The new system aims to eliminate the physical interface between the taxpayer and tax officers. The faceless e-assessment scheme was initially notified on September 12, 2019. A pilot project was inaugurated on October 7 last...