tax department

A local court has ordered setting aside of the lookout circular (LOC) issued against Huawei Telecommunications (India) chief executive Li Xiongwei by the Income Tax (I-T) Department. However, it imposed a condition that in case of his…

The GST investigation authority has asked field offices not to exercise the power to arrest in a mechanical manner and also refrain from summoning senior management officials like CMDs and CEOs. The investigation authority under the…

MUMBAI: The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has come down heavily on the I-T department for its failure to take cognisance of a tax deducted at source (TDS). The TDSwas on professional income earned by a…

The income tax department has detected "unaccounted" income of more than Rs 150 crore after it recently raided a business group based in Jhansi, Uttar Pradesh, that is engaged in undertaking civil contracts and real estate development,…

All charitable trusts, institutions, universities and other educational trusts and medical institutions are required to keep and maintain books of account, original bills of payment, PAN card, Aadhar card and address of voluntary donors…

MUMBAI: Searches by the income tax department have allegedly revealed unaccounted deposits worth Rs 55 crore and other investments involving two former employees of Axis MF, brokers and other players, including entry operators. I-T…

NEW DELHI: More than 4.52 crore returns have been filed till July 29, the Income tax department said on Saturday, a day before the ITRfiling deadline for the financial year 2021-22 ends. The department issued a public message through…

The Gujarat High court has directed the Central Board of Indirect Taxes and Customs to grant refund of goods and services tax paid on ocean freight within six weeks with interest, in a relief for importers. The decision comes after the…

Prompt redressal of taxpayers' grievances remains the top priority for the tax department, the newly appointed chairman of Central Board of Direct Taxes (CBDT) Nitin Gupta said on Sunday. In his message on the occasion of Income Tax Day,…

NEW DELHI: The government is not planning to extend the deadline for filing income tax returns beyond July 31, revenue secretary Tarun Bajajsaid on Monday, when the number of filing was close to 2. 5 crore. While several people are…