Note ban: I-T detects Rs 4,807 crore black income, seizes Rs 112 crore of new notes
In what could be considered a huge success following the demonetisation move, the Income Tax department has so far detected Rs 4,807 crore in black income and even seized Rs 112 crore in new notes since November 8.
Jan 08, 2017, 20:09 PM IST
Big relief to housewives from IT department
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Jan 02, 2017, 23:52 PM IST
Jan Dhan Account deposits double to Rs 87K cr, I-T department dissects deposits movement
Deposits in Jan Dhan account have more than doubled to Rs 87,000 crore in 45 days post demonetisation, prompting the tax department to "dissect" information relating to such deposits, a top government official said.
Jan 01, 2017, 11:51 AM IST
I-T dept begins process of analysing deposits post note-ban
The I-T department has begun the process to examine bank deposits and transactions to check possible black money instances and said once the last opportunity to declare funds in old notes under the PMGKY scheme ends it will be very tough for hoarders.
Dec 28, 2016, 22:57 PM IST
IT Department to take action against 67 lakh people for tax fraud
IT Department to take action against 67 lakh people for tax fraud . Watch the full segment for more details.
Dec 23, 2016, 15:47 PM IST
IT Department to take action against 67 lakh people for tax fraud
IT Department to take action against 67 lakh people for tax fraud . Watch the full segment for more details.
Dec 22, 2016, 23:16 PM IST
Demonetisation: Income Tax department seizes Rs 3,185 crore black money, Rs 86 crore in new notes
Waging war against black money hoarders, the Income Tax department has uncovered more than Rs 3,185 crore of black money and seized Rs 86 crore worth new notes in its country-wide drive since the demonetisation of high denomination Rs 500 and Rs 1,000 notes on November 8.
Dec 20, 2016, 20:10 PM IST
IT department sends notice to Axis bank branch over fake accounts case
IT department sends notice to Axis bank branch over fake accounts case. Watch the full segment for more details.
Dec 16, 2016, 23:34 PM IST
Massive IT raids across country: New, old currency seized in Bengaluru, Panjim, Faridabad, 4 arrested
India is witnessing massive raids by the Income Tax Department post note ban decision by the government in order to arrest fake and black money holders.
Dec 14, 2016, 11:01 AM IST
IT department raids various places in Tamil Nadu for black money
IT department raids various places in Tamil Nadu for black money. Watch the full segment for more details.
Dec 09, 2016, 12:56 PM IST
I-T dept raids residences of Axis Bank managers for alleged conversion of black money
IT department raided the Axis Branch over fraud of exchanging black money. Watch this special segment and get to know more here.
Nov 25, 2016, 20:25 PM IST
Report deposits over Rs 2.5 lakh in 50-day window: I-T Department to banks
Moving quickly to plug loopholes, the Income Tax Department has asked banks to report all cash deposits exceeding Rs 2.5 lakh during the 50-day window provided to tender the now-defunct 500 and 1000 rupee notes.
Nov 11, 2016, 22:00 PM IST
Demonetisation: Confusion over Income Tax department's `action` in Delhi, Mumbai, Ludhiana, Chandigarh
Millions of anxious people with Rs 500 and 1,000 notes mobbed banks across India throughout Thursday to exchange or deposit them.
Nov 10, 2016, 19:11 PM IST
Honouring honest taxpayers to help change people's attitude: Arun Jaitley
Finance Minister Arun Jaitley Monday said paying taxes in due time is the responsibility of every citizen and honouring honest taxpayers would bring in much needed change in people's attitude regarding tax payment.
Sep 19, 2016, 20:59 PM IST
I-T dept to 'name and shame' chronic crorepati defaulters
The I-T department had began publishing the names of tax defaulters in leading national dailies last year and has so far named 67 such big defaulters from across the country.
Aug 29, 2016, 18:47 PM IST
Direct tax mop-up jumps 24% to Rs 1.59 lakh crore in Apr-Jul
Direct tax collection registered a growth of 24.01 per cent to Rs 1.59 lakh crore during the April-July period of the current financial year.
Aug 09, 2016, 20:56 PM IST
I-T dept to issue notice to seek information about PAN
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Jul 21, 2016, 23:48 PM IST
I-T dept identifies 90 lakh high-value transactions without PAN; to seek details
The high-value transaction trails were detected following the department's drive to bring to book maximum amount of black money during the one-time compliance window closing on September 30.
Jul 21, 2016, 17:27 PM IST
Income Declaration Scheme: Government wants people to clean up their books, says Finance Minister
Maintaining that the relationship between taxmen and assessees is undergoing a change, Finance Minister Arun Jaitley said yesterday that the aim of the Income Declaration Scheme-2016 is to send a firm message to the people to clean up their books.
Jul 15, 2016, 13:02 PM IST
I-T department carries out searches at Indiabulls premises, stocks plunge 7%
The Income Tax department on Wednesday conducted multiple searches in over 30 premises of Indiabulls group in connection with alleged tax evasion sending the company's stocks to crash up to 7 percent.
Jul 13, 2016, 21:20 PM IST
