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Business Standard The Income Tax Department

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I-T Goes After Rs 7.7 Trillion Tax Arrears

Senior tax officials were told to focus on cash collection from the arrears so that the target for FY23 was achieved and the overall revenue position improved. Illustration: Uttam Ghosh/Rediff.com......

MP daughter bats for Sharad Pawar

Union Agriculture minister Sharad Pawar, also head of the Nationalist Congress Party, was strongly defended on allegations regarding IPL controversy by his daughter, NCP member of Parliament......

How BJP hopes to gain by taking Kuldeep Bishnoi into its fold

'Neither the Congress will lose anything nor will the BJP gain anything.' Nitin Kumar reports from Chandigarh. IMAGE: BJP national president JP Nadda congratulates newly joined party leaders......

Income Tax dept begins scrutiny in reassssment cases for AY-2018-19

The income-tax (I-T) department has started scrutinising cases for the assessment year (AY) 2018-19 to determine which of them need to be reopened, a process that might result in a raft of tax......

Cash economy on income tax radar

Under pressure to enhance tax realisation amid apprehensions of sluggish industrial growth, the Central Board of Direct Taxes has decided to target the cash economy in a big way to boost the income......

Tax notices to employees a 'discrepancy', says TCS

Information technology major Tata Consultancy Services (TCS) on Friday termed the tax demand notices received by several of its employees a “discrepancy,” and the tax department will be......

Tax department to send notices to 5.8 million

Tax department has identified 5,895,830 non-filers for assessment year 2014-15. Defaulters and non-filers of Income Tax return are facing the heat from the income-tax department, which has sent a......

Budget 2019: Income tax collection target 'too steep', say experts

CBDT has been given a collection target of Rs 5.69 trillion in personal income tax in the fiscal year 2019-20 - 19.2 per cent more than the Rs 4.77-crore collection in the previous year.......

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