Home Tags Income Tax

Tag: Income Tax

SFIO to look into records of 18 shell companies

The government has reportedly referred 18 "shell companies" to the Serious Frauds Investigation Office (SFIO) for depositing in, and withdrawing from, banks large sums...

Lobbyist Deepak Talwar under I-T lens

Income tax sleuths are investigating corporate lobbyist Deepak Talwar who is known for his proximity to politicians, officials, and journalists. According to investigation details, the...

IT raids Krishna’s son-in-law’s properties

The Income Tax Department is said to have raided on 21 September Cafe Coffee Day founder VG Siddhartha, who is a son-in-law of former...

CBDT discovers discrepancies in income of certain politicians

The Central Board of Direct Taxes (CBDT) told the Supreme Court on September 11 that a prima facie verification of election affidavits by the...

CBDT turns proactive?

The Central Board of Direct Taxes (CBDT) is said to have turned proactive and asked its IT officers to regularly engage with top 100...

CBI files case against IRS officer

The CBI has registered a case against former additional commissioner of Income Tax R Manjunathaswamy, for allegedly accepting a Rs 4-lakh bribe from a...

SC refuses to entertain allegations against PM

The Supreme Court on Wednesday cautioned NGO Common Cause against making unsubstantiated allegations against constitutional functionaries, including Prime Minister Narendra Modi, and observed that...

Govt. gives another chance to black money hoarders: A glance

The Centre on Monday opened another window to enable holders of undisclosed cash to deposit the money in their bank accounts after paying an...

Court and humor

A petition on demonetisation in the Rajasthan High Court saw a hilarious situation. When the petitioner’s lawyer persisted with his probing line, the bench...

Tax collections rise to Rs 5.25 lakh crore between April-Aug 2016

  The Centre’s tax receipts rose to Rs 5.25 lakh crore by end-August 2016. The data released by the Finance Ministry on Monday revealed that...

IT department goes for technology to fulfill its mandate

The Income Tax Department on Tuesday signed a contract with L & T Infotech Ltd for implementation of Project Insight.  The Project will be...

Taxing problems of revenue collection

Prime Minister Narendra Modi on Thursday asked taxmen to double the taxpayer base (for income-tax) to 10 crores and build a “bridge of trust”...

Released tax data throw up known facts

Just one per cent of individuals, who declared their income in assessment year 2012-13, accounted for almost 20 per cent of the taxable income,...

Will CBDT loose newly created 26 Prl CCIT (Apex scale) posts?

It is heard in power corridors that a move is afoot to abolish newly-created 26 posts of Principal Chief Commissioner of Income Tax. These...

R C Mishra may soon be appointed as Member, CBDT

‘Indianmandarins’ reliably learns that Ramesh Chandra Mishra (IRS IT:1979) may soon be appointed as Member, CBDT. Reportedly, his name appears on the panel comprising...

R Kaushal tipped for Principal CCIT (Apex scale)

Raminder Kaushal (IRS IT:1980) is all set to be promoted to Principal Chief Commissioner of Income Tax. Presently he is serving as Chief Commissioner...

Ms Anita Gupta tipped for Prl CCIT (Apex Scale)

Ms Anita Gupta (IRS IT:1981) is all set to be promoted to Principal Chief Commissioner of Income Tax. Presently she is serving as Chief...

Former Finance Secy, Gujaral is independent Dir on RIL Board

As ‘Indianmandarins’ had anticipated in its report dated May 19 former Secretary Finance R S Gujral (Rtd IAS:HY:1976) has been appointed as an Independent...

Ratnakar Singh tipped for Principal CCIT (Apex Scale)

Lal Ratnakar Singh (IRS IT:1981) is all set to be promoted to Principal Chief Commissioner of Income Tax. Presently he is serving as Chief...