Tag: Income Tax department

Income Tax Department raids properties of Kamal Nath’s close aides and nephew

Newsroom24x7 Network New Delhi/Bhopal: Income Tax department sleuths early this morning launched a massive search and seizure operation covering houses and properties belonging to Madhya Pradesh Chief Minister Kamal Nath’s close aides Praveen Kakkar and RK Miglani and his nephew Ratul Puri at different places across the country. Till this afternoon, unconfirmed reports said that

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Income Tax defaulters: They have to pay 1000s of million Rupees in taxes but are not traceable

Newsroom24x7 Staff New Delhi: There are at least a hundred Income Tax defaulters in the country with their tax liability running into tens of million to hundreds and thousands of million Rupees and most of these defaulters are untraceable, according to the Income Tax Department. //pagead2.googlesyndication.com/pagead/js/adsbygoogle.js (adsbygoogle = window.adsbygoogle || []).push({}); The biggest Income Tax

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AAP confronts Chief Minister Shivraj Singh Chouhan on “payout documents”

Newsroom24x7 Staff Bhopal: Madhya Pradesh Chief Minister Shivraj Singh Chouhan is in the midst of a raging controversy over documents said to have been recovered by the Income Tax Department during raids conducted earlier on Sahara Group that point to alleged payment of Rs. 10 lakh to “MP CM” in two installment on 29 September and

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What ails India’s Income Tax Department

Lalit Shastri There is a general perception among the masses that the Income Tax department, has largely failed, along with other enforcement agencies, to curb the menace of black money and come down heavily against those involved in money laundering -an activity that poses a serious threat to national and international security. Besides the general perception, what

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Modified APAR: Income Tax department seething with discontent

Newsroom24x7 Staff New Delhi: There is seething discontent and anger among a vast section of officers responsible for delivery of taxpayer services in India due to the modified format of the Annual Performance Appraisal Report (APAR) of the Assessing Officers (Income Tax Officers as well as Assistant Commissioners and Deputy Commissioners of Income Tax) for

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Direct Taxes: Income Tax Depatment’s working comes under scrutiny

Newsroom24x7 Staff New Delhi: Government of India is finding itself in a right corner due to lack of performance by field officers in collection of direct taxes during the current fiscal ending March 31, 2016. The heat is on Central Board of Direct Taxes (CBDT) and it’s Chairman Atulesh Jindal, who took over in February

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Income Tax Department rolling out new Business Application to improve efficiency

Newsroom24x7 Desk New Delhi: The Income Tax Department currently is in the process of touching another level in the area of computerisation of office management replacing the existing ITD application with the Income Tax Business Application (ITBA) and the first phase of the replacement process will be completed in April 2015. Income Tax department has

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List of eligible officers for promotion as ITO is only “draft list”

Newsroom24x7 Desk Mumbai: The Income Tax department in Mumbai has issued an in-house clarification indicating that the revised list of Eligible Officers for Promotion to the post of Income tax Officers (Grade-B)-Mumbai that had been circulated on March 12 is only a draft list and is not final. Income Tax Mumbai office issued a clarification

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Former Income Tax inspector gets 3-year jail sentence

Newsroom24x7 Desk Jabalpur (Madhya Pradesh): The Special Judge for CBI Cases here has convicted Brijendra Nath Bala @ B.N. Bala, the ex-Inspector of Income Tax, who was posted at Ayakar Bhawan in Jabalpur and sentenced him to undergo three years Rigorous Imprisonment with fine of Rs.1,61,540 under Section 13(2) read with 13 (1)(e) of Prevention

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Entry operators converting illegal cash into legitimate money: IT department slaps notices to AAP, Congress

Newsroom24x7 Desk New Delhi, Feb. 11: Close on the heels of charges and allegations relating to donations received by Aam Aadmi Party, the Income Tax Department has initiated investigation into cheques issued by companies said to be acting as entry operators to convert illegal cash into legitimate money. Recently in Kolkata, investigation by the Income

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Income Tax work suffers as promotions are held up at ACIT level

Newroom24x7 Correspondent New Delhi, Jan. 7: The Income Tax department’s backlog for 2008, 2009 (leftover cases) and 2010 promotions has been addressed to some extent and many officers have been promoted as Deputy Commissioner of Income Tax (DCIT) in the senior time scale with effect from January 1, 2015 but still there is widespread resentment and

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