Stay updated with the latest income-tax-department news, articles, and insights from trusted sources. Explore in-depth coverage and expert analysis on income-tax-department topics.
New Delhi: In a major setback for UK-based arms dealer Sanjay Bhandari, a Delhi special court on Saturday declared him a Fugitive Economic Offender under the Fugitive Economic Offenders (FEO) Act. The action was taken in connection with an income tax case involving undisclosed foreign assets. Special Judge Sanjeev Aggarwal passed the order following a plea by the Enforcement Directorate (ED), which is probing Bhandari for allegedly evading Indian legal proceedings and holding foreign assets exc ...Read More >
New Delhi [India], July 5 (ANI): A Delhi special court on Saturday declared UK-based arms dealer Sanjay Bhandari a Fugitive Economic Offender under the Fugitive Economic Offenders (FEO) Act, in connection with an income tax case involving undisclosed foreign assets. The order was passed by Additional Sessions Judge Sanjeev Aggarwal following a plea by the Enforcement Directorate (ED), which alleged that Bhandari had deliberately evaded Indian legal proceedings and possessed foreign assets excee ...Read More >
New Delhi [India], July 5 (ANI): A Delhi special court on Saturday declared UK-based arms dealer Sanjay Bhandari a Fugitive Economic Offender under the Fugitive Economic Offenders (FEO) Act, in connection with an income tax case involving undisclosed foreign assets. The order was passed by Additional Sessions Judge Sanjeev Aggarwal following a plea by the Enforcement Directorate (ED), which alleged that Bhandari had deliberately evaded Indian legal proceedings and possessed foreign assets excee ...Read More >
Mumbai, July 1: Are you also looking to file your ITR online? Income tax e-filing has become the most convenient and efficient way for taxpayers to submit their Income Tax Returns (ITR) without the hassle of paperwork. With the government's push towards digital processes, filing your taxes online ensures faster processing and instant acknowledgement. The Income Tax Department offers a user-friendly portal at incometax.gov.in, where individuals can easily upload their financial details and comple ...Read More >
New Delhi [India], June 30 (ANI): The Central Board of Direct Taxes (CBDT) Chairman Ravi Agarwal has issued strict directives to Faceless Assessment Officers (FAOs) to avoid raising irrelevant queries while conducting faceless assessments, emphasising the need for more focused and case-specific scrutiny procedures. Chairman Ravi Agarwal has written to the Principal Chief Commissioners of Income Tax, directing them to ensure that faceless assessment officers maintain higher standards of inquiry ...Read More >
Imphal, June 29 (UNI) A series of successful operations carried out by Manipur Police and security forces during the last 24 hours led to the arrest of several individuals involved in vehicle theft, insurgent activity, and the recovery of a significant cache of arms and ammunition. Police arrested a vehicle lifter identified as Syed Riyaj from his residence at Lilong Chaobok in Thoubal District. The arrest was made under Lilong Police Station. Authorities seized a blue two wheeler without reg ...Read More >
New Delhi: Ravi Agarwal has been reappointed as the Chairman of the Central Board of Direct Taxes (CBDT), the top policy-making body of the Income Tax Department. The Appointments Committee of the Cabinet announced the decision on Saturday. His reappointment is on a contract basis for a period of one year from July 1, 2025, to June 30, 2026 or until further orders, whichever comes earlier. The government stated in a notification that his service terms will follow the standard rules that apply t ...Read More >
KOLKATA: The political slugfest following the gang-rape of a law student inside a college continued Saturday as TMC took pains to distance itself from the "misogynistic remarks" of its own netas, emphasising instead the "quick action taken against the accused". Opposition, however, questioned security for women at workplaces and educational institutes and "promised to stay on the roads"."The remarks by MP Kalyan Banerjee and MLA Madan Mitra concerning the heinous crime were made in their persona ...Read More >
New Delhi [India], June 28 (ANI): The Appointments Committee of the Cabinet has approved the re-appointment of Ravi Agrawal, as Chairman of the Central Board of Direct Taxes (CBDT) on a contract basis for one year, effective from July 1, 2025, to June 30, 2026, or until further orders, according to an official order. Last year, Agrawal, a 1988-batch IRS officer, was appointed as the new chairman of the Central Board of Direct Taxes, the administrative body for the Income Tax Department. With t ...Read More >
New Delhi [India], June 28 (ANI): The Appointments Committee of the Cabinet has approved the re-appointment of Ravi Agrawal, as Chairman of the Central Board of Direct Taxes (CBDT) on a contract basis for one year, effective from July 1, 2025, to June 30, 2026, or until further orders, according to an official order. Last year, Agrawal, a 1988-batch IRS officer, was appointed as the new chairman of the Central Board of Direct Taxes, the administrative body for the Income Tax Department. Also R ...Read More >
Bengaluru Power Cuts: Citizens of Bengaluru brace yourself for long hours of power outages from June 29 and June 30. More than 100 areas will be impacted as BESCOM undertakes its quarterly maintenance work in various of its division. Bengaluru Power Outages June 29: According to the update by BESCOM on its X handler, there will be power outages in Kittaganahalli, Palasandra, Saptagiri, Maruthinagar, Sankapur, Raghavendra Nagar, Goolarivee, Baddihalli, Kesaramadu, C.M Badawan, Kalalli and SKS v ...Read More >
New Delhi, June 28 (SocialNews.XYZ) The government has extended the tenure of Ravi Agrawal as the Chairman of the Central Board of Direct Taxes (CBDT) by another year. The CBDT is the apex policymaking body of the Income Tax Department, and its chairman and members are senior Indian Revenue Service officers. "The Appointments Committee of the Cabinet has approved re-appointment of Ravi Agrawal, IRS as Chairman, Central Board of Direct Taxes on contract basis, for a period of one year with effec ...Read More >
Bhubaneswar: A low-pressure area forming over the north Bay of Bengal and adjoining coastal areas of Bangladesh and West Bengal is expected to trigger heavy to very heavy rainfall across parts of Odisha through July 4, the India Meteorological Department (IMD) said Saturday. An upper air cyclonic circulation currently persists over southwest Bangladesh and adjoining Gangetic West Bengal, extending up to 7.6 km above mean sea level and tilting southwestward with height, the IMD said. Under its ...Read More >
Chandigarh: Shiromani Akali Dal (SAD) president Sukhbir Badal on Saturday challenged chief minister Bhagwant Mann to prove that Saraya Industries Limited, in which senior party leader Bikram Singh Majithia had an inherited share of 11%, had received even one rupee in foreign funding from 2007 to this day, while rubbishing the allegations made in the disproportionate assets (DA) case registered against Majithia. Addressing newspersons here, Sukhbir said "the only foreign funding received by Sara ...Read More >
Chandigarh, Jun 28 (PTI) Shiromani Akali Dal (SAD) president Sukhbir Singh Badal on Saturday dared Punjab Chief Minister Bhagwant Mann to prove that Saraya Industries, in which party leader Bikram Singh Majithia had an inherited share of 11 per cent, had received even one rupee in foreign funding from 2007. Lashing out at the Aam Aadmi Party (AAP) government for arresting Majithia, Badal said that a case was registered against the former Akali minister because he was "constantly exposing" the M ...Read More >
Chandigarh, Jun 28 (PTI) Shiromani Akali Dal (SAD) president Sukhbir Singh Badal on Saturday dared Punjab Chief Minister Bhagwant Mann to prove that Saraya Industries, in which party leader Bikram Singh Majithia had an inherited share of 11 per cent, had received even one rupee in foreign funding from 2007. Lashing out at the Aam Aadmi Party (AAP) government for arresting Majithia, Badal said that a case was registered against the former Akali minister because he was "constantly exposing" the M ...Read More >
Chandigarh, June 28 (SocialNews.XYZ) Shiromani Akali Dal (SAD) President Sukhbir Badal on Saturday challenged Punjab Chief Minister Bhagwant Mann to prove that Saraya Industries Limited, in which senior party leader Bikram Singh Majithia had an inherited share of 11 per cent, had received even Rs 1 in foreign funding from 2007 to the present time. Rubbishing allegations made in the disproportionate assets case registered against the Akali leader, Badal told the media here: "The only foreign fun ...Read More >
New Delhi, Jun 27 (PTI) Congress leader Kanhaiya Kumar on Friday said that he will contest the upcoming Bihar Assembly polls if the party tells him to. Using a cricketing analogy, Kumar said that just like batting, bowling, and fielding are responsibilities that have to be fulfilled on the cricket field, fighting polls is also a responsibility in politics. "To fight polls, to make others fight polls and campaign, all are responsibilities that the party allots. If the party tells me to contest ...Read More >
Bhopal, June 8 (SocialNews.XYZ) The National Commission for Women (NCW) has initiated suo motu action in response to a distressing media report concerning the murder of Raja Raghuvanshi and the disappearance of his wife, Sonam, during their honeymoon trip to Meghalaya. Growing suspicions of human trafficking to Bangladesh have heightened concerns, particularly following the discovery of blood-stained clothing and eyewitness accounts placing the couple in the company of unidentified men. Chairp ...Read More >
Kanpur Dehat: The Bhognipur police of Kanpur Dehat in Uttar Pradesh have arrested Suresh Yadav, a liquor businessman, who has been absconding for 13 years in his brother's suicide case. The businessman is accused of instigating his younger brother to commit suicide. The District Court of Kanpur Dehat had issued a non-bailable warrant against Suresh Yadav. Suresh's wife Nargis Khan is an inspector in UP Police and a case of disproportionate assets has been registered against her recently. The Inc ...Read More >
New Delhi, June 7 (SocialNews.XYZ) Leader of Opposition (LoP) in the Lok Sabha, Rahul Gandhi, has received robust support from INDIA bloc allies following his explosive allegations of "match-fixing" in the 2024 Maharashtra Assembly elections. His opinion piece, published in a national daily, has stirred a political storm, with Opposition leaders asserting that the article lays bare the scale of electoral manipulation and the Election Commission's failure to respond to legitimate concerns. In h ...Read More >
Bhopal, Feb 4 (VOICE) The Enforcement Directorate (ED) on Tuesday moved an application before a Bhopal district court, hearing the disproportionate assets case against ex-RTO Saurabh Sharma and his two associates, seeking permission to interrogate them.In its application, the ED sought the court's permission to interrogate Saurabh Sharma and his two associates - Chetan Gaur and Sharad Jaiswal, who were sent to judicial custody on Tuesday. The ED has not mentioned any specific date for questioni ...Read More >
CHENNAI: Income Tax department has been conducting raids on Tuesday at the residences of leading producers Dil Raju and Naveen Yerneni in Hyderabad. According to a Thanthi TV report, the income tax officials are conducting raids at 55 places across Hyderabad, including the residence of Telangana State Film Development Corporation (FDC) chairman and producer Dil Raju, who produced films like Vaarisu, Game Changer under the banner Sri Venkateswara Creations. The Income Tax officials are also con ...Read More >
The Income Tax Department is reaching out to taxpayers and non-filers via SMS and email regarding mismatches between their reported transactions in the Annual Information Statement (AIS) and their Income Tax Returns (ITRs) for FY 2023-24 and 2021-22. This campaign encourages filing revised or belated ITRs and allows taxpayers to provide feedback on their AIS information. New Delhi: The income tax department on Tuesday said it is sending SMS and emails to taxpayers and non-filers where it has id ...Read More >
New Delhi [India], December 17 (ANI): In a significant move aimed at enhancing tax compliance and transparency, the Central Board of Direct Taxes (CBDT) has initiated an electronic campaign to address the discrepancies between the income and transactions reported in the Annual Information Statement (AIS) and those disclosed in Income Tax Returns (ITRs). According to the Ministry of Finance, this initiative targets the financial years 2023-24 and 2021-22, extending its scope to include individua ...Read More >
New Delhi: The advance tax payment deadline is just three days away -- December 15. If you miss this date, you might have to pay penalties and interest for the delay. Wondering what happens if you don't pay on time? Here's everything you need to know to stay stress-free and avoid extra charges. If your estimated tax liability exceeds Rs 10,000 after accounting for tax deducted at source (TDS), you are required to pay advance tax. This rule is outlined under Section 208 of the Income Tax Act, 19 ...Read More >
New Delhi, Dec 12 (VOICE) The number of tax refunds has recorded a 46.31 per cent jump to Rs 3.08 lakh crore between April 1 and November 27 this year compared to the same period of 2023, marking a significant increase in the efficiency of the Income Tax Department, according to figures released by the Union Finance Ministry on Thursday.In the corresponding period last year between April 1, 2023, and November 30, 2023, refunds totalling Rs 2.03 lakh crore were issued, reflecting the Ministry's c ...Read More >
The raids were conducted over a period of 10 days. A total of Rs 352 crore was seized in these operations. IT raids are common in India. However, a recent IT raid made headlines. Officials spent nearly ten days counting the cash. Initially, they started counting manually. Income Tax officials used a scanning wheel machine to detect buried items, indicating the raid's intensity. The Income Tax Department teams conducted raids in various locations. The Income Tax Department ordered three dozen ...Read More >
India's Income Tax Department is launching PAN 2.0. The project will digitize PAN cards. Existing PAN cards remain valid. A digital version will be emailed to cardholders. A physical card will cost Rs 50. The project will consolidate PAN services onto one portal. PAN will become a common business identifier. This initiative aims to curb multiple PAN holdings.The existing PAN card will remain valid under the PAN 2.0 initiative, and holders will automatically receive an electronic version of their ...Read More >
day after the Cabinet Committee on Economic Affairs approved the PAN 2.0, the Income Tax Department on Tuesday issued a detailed clarification on the project based on a list of 11 frequently asked questions (FAQs) to provide taxpayers with a deeper insight into the new system. PAN 2.0 Project is an e-Governance project of the Income Tax Department for re-engineering the business processes of taxpayer registration services. The objective of the project is to enhance the quality of PAN services t ...Read More >
Stay updated with the latest None news, articles, and insights from trusted sources. Explore in-depth coverage and expert analysis on None topics.