Govt extends tenure of CBDT Chairperson Nitin Gupta

New Delhi: CBDT Chairperson Nitin Gupta, a 1986-batch IRS officer, received a nine-month extension in service on a contract basis from the Union government on Saturday, media reports said.

IT department raids Mumbai-based real estate firms, claims Rs 184 crore hidden income

New Delhi/UNI: In its crackdown on suspected tax-evading real estate firms based out of Mumbai, the Income Tax department has claimed to have detected hidden income of Rs 184 crore.   

Last date to link Aadhaar with PAN extended to June 30

New Delhi/IBNS: The last date to link the Aadhaar number with PAN (Permanent Account Number) has been extended up to June 30, 2021, in order to provide relief amid rising cases of Coronavirus, the Income Tax Department announced Monday.

Income tax return deadline for financial year 2019-20 now extended till Dec 31

New Delhi: Giving relief to taxpayers amid COVID-19 pandemic outbreak,the Income Tax Department on Saturday extended the deadline for individual assessees to file their returns for financial year 2019-20 (assessment year 2020-21) by a month till Dec 31.

Election Commissioner Ashok Lavasa’s wife gets IT notice

NEW Delhi: The Income Tax department has sent a notice to Election Commissioner Ashok Lavasa’s wife seeking details about the information provided by her in her ITR about holding directorship in around 10 companies.

Income Tax Department issues Revised Income Tax Informants Reward Scheme, 2018

New Delhi, Jun 2 (IBNS): The Income Tax Department has issued a Revised Income Tax Informants Reward Scheme, 2018, according to Union Finance Ministry on Friday.