On March 24, 2017 13:19 (IST)
The tax and penalty against those who hide their black money could go as high as 137 per cent of the cash deposits made, a senior officer at the Income Tax department said.
On March 18, 2017 14:56 (IST)
In advertisements issued in leading national dailies, the department brought out the list of defaulters of income tax and corporate tax even as it advised them to pay their "tax arrears immediately".
On November 27, 2016 11:33 (IST)
With the last date for payment of tax instalment under IDS drawing close, the Income Tax Department warned declarants that non-payment of first instalment by November 30 will make declarations invalid.
On August 29, 2016 23:42 (IST)
As part of its 'naming and shaming' policy to curb tax evasion, the Income Tax Department may soon go on to publish names of even those taxpayers who have a 'chronic' default of Rs one crore and above.
On July 21, 2016 20:47 (IST)
In its attempt to uncover black money and tax defaulters, the government is sending out 7 lakh notices on big transactions which appear dodgy because PAN numbers were not disclosed.
On June 24, 2016 13:13 (IST)
The exhaustive list, uploaded on the official web portal of the department, includes valuers of immovable property, jewellery, plant and machinery, stocks, shares and debentures and agricultural land.
On June 23, 2016 14:48 (IST)
The Board has charted out some new guidelines to be followed by the taxman in order to make the window, called the Income Declaration Scheme (IDS), a success.
On June 22, 2016 18:49 (IST)
Finance Minister Arun Jaitley on Wednesday said the I-T department would take penal actions only against those wilful defaulters whose names have been made public by the tax authorities.
On June 21, 2016 16:24 (IST)
Challenged by increasing cases of defaulters who smartly evade paying due taxes, the Income Tax Department has asked its officers not to shy away from invoking the rare provisions of arrest, detention and auctioning of attached assets of the accused.
On June 21, 2016 13:22 (IST)
A number of such measures have been mooted by the tax department, to be undertaken this financial year, in order to curb the menace of large-scale tax avoidance and evasion.
On May 31, 2016 14:54 (IST)
Under the Income Declaration Scheme, persons making disclosure of unaccounted assets will be given time up to November 30 to pay taxes, penalty and surcharge totalling 45 per cent at the fair market value.
On May 26, 2016 12:21 (IST)
The advertisement said the fair market value of the asset declared, will be as on June 1, 2016 deemed to be the undisclosed income.
On May 25, 2016 10:13 (IST)
The Income Tax department, beginning this financial year, has decided to 'name and shame' all category of taxpayers who have a default of Rs one crore and above.
On March 09, 2016 20:15 (IST)
The Delhi High Court today set aside notices issued by the Income Tax department to Vodafone Essar Mobile Services Ltd (VEMSL) and Tata Teleservices Ltd (TTSL) to initiate proceedings to declare them as TDS defaulters for assessment years 2003-04, 2004-05 and 2005-06.
On December 30, 2015 16:03 (IST)
The Income Tax Department Wednesday published a fresh list of 18 tax defaulters, including gold and diamond traders, who owe taxes of over Rs 1,100 crore to the government for the past many assessment years but have either gone untraceable or have inadequate assets to pay.
On August 09, 2015 16:20 (IST)
Taking an adverse view of certain Income Tax Department officials not adhering to stipulated office timings, the Central Board of Direct Taxes (CBDT) has warned defaulters to mend their ways as this was causing inconvenience to taxpayers.
On May 08, 2015 21:40 (IST)
Government has collected Rs 4733.61 crore in taxes since 2013 through the non-filer monitoring system that tracks large value financial transactions, including those via credit cards.
On May 04, 2015 15:43 (IST)
Taxability of LPG subsidy and other benefits paid directly into the bank accounts of beneficiaries is unclear with tax experts divided on the issue and want an explicit clarification from the government.