Tag: I-T department
18 Lakh Taxpayers To Get I-T Notices To Explain Large Deposits
Commencing the process of crackdown on large deposits made after November 8, the Income Tax Department has identified 18 lakh taxpayers who will be served notices seeking explanation within 10 days.....
'Benami' Actions Carry Jail Terms, Warns I-T Department
India's Income Tax Department on Friday cautioned those engaging in 'benami' (proxy) transactions that they stand to face Rigorous Imprisonment (RI) of up to 7 years and would also invite prosecution under the Income Tax Act.....
I-T Department Names Tax Defaulters Owing Rs 448.02 Crore
Tightening the noose on major tax defaulters, the Income Tax Department on Saturday made public the names of individuals and corporates who owe Rs 448.02 crore in taxes to the government.....
Rs 141.13 Cr Seized In New Rs 500, Rs 2,000 Notes: Jaitley
Finance Minister Arun Jaitley on Friday said that Rs 141.13 crore worth of new Rs 500 and Rs 2,000 notes have been seized by government agencies. ....
