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Pay penalty if not already filed I-T returns, no more extensions now

New Delhi: The Central Board of Direct Taxes dashed hopes of all taxpayers waiting for further extension of due dates for filing tax returns rejecting all representation in this regard, citing that the process cannot be delayed ‘indefinitely’ and hamper the functioning of the tax department and welfare programmes of the government. The decision means that […]

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I-T searches in Delhi, Assam unearth Rs 100 cr in undisclosed income

New Delhi: The Income Tax Department’s search and survey action against three leading contractors of north-eastern India has led to the alleged unearthing of undisclosed income of nearly Rs 100 crore so far. One of the groups is into hospitality business. The searches have been carried out at 14 locations in Delhi, and Guwahati, Silapathar, and […]

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Staying mum to queries under faceless assessment to bring tax evaders under I-T lens

New Delhi: The government’s faceless tax assessment scheme will not completely relieve taxpayers from frequent scrutiny by tax authorities to check evasion. The Income Tax Department has decided to crack down on taxpayers who use the faceless platform to file returns but avoid responding to queries generated online calling for enquiry and further verification of records. […]

Raghav Bahl (File Photo/Facebook)

I-T carries out ‘surveys’ at Raghav Bahl’s home, office for alleged tax evasion

New Delhi : Sleuths of the Income Tax department on Thursday carried out “surveys” at the residence and office premises of Raghav Bahl, head of news portal, The Quint in connection with a case of alleged tax evasion, officials said. According to the IT department officials, a team reached the residence of Bahl in Uttar […]