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One thing GOI loves to do - tax its citizens… Have they put enough thought into this or is it the case of killing the goose that lays golden eggs?
Banking

Income Tax Department says buyer to deduct TDS on peer-to-peer Cryptocoin...

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CBDT issues clarification on TDS provision applicable on transfer of VDAs Further tightening the Cryptocoin trading in India, the Income Tax Department on Tuesday said...
Sonia Gandhi has been asked to depose before ED on June 8, and Rahul Gandhi is understood to have been asked to appear earlier
Law and Order

ED summons Sonia, Rahul in National Herald money laundering case. Rahul...

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Rahul Gandhi seeks more time from ED The Enforcement Directorate (ED) on Wednesday summoned Congress president Sonia Gandhi and her MP son Rahul Gandhi for...
In a written reply in the Rajya Sabha, MoS Finance said SEBI, after investigation into the matter involving NSE and other entities, has passed requisite orders
Law and Order

CBI, ED & Income Tax Department investigating irregularities in NSE co-location...

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Flaws in NSE co-location case being probed by various agencies: Govt With regards to the NSE co-location case, the Minister of State for Finance, Pankaj...
NDTV claims that the Income Tax has miscalculated the flow of investments through bonds by “reputed foreign investors” into its foreign subsidiary NDTV Networks Plc
Law and Order

Income Tax issues Rs.353 crore notice to NDTV. With this total...

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Will Prannoy Roy sell his stakes in the channel now? Income Tax Department has issued Rs.353 crore tax dues notice to Prannoy Roy headed TV...
The non-linked PAN will remain operational till March 31, 2023
Laws

Non-linking of PAN-Aadhaar by March 31 to attract penalty

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Be ready to pay fine if your Aadhaar & PAN are not linked On Wednesday, the Finance Ministry said that non-linking of PAN with Aadhaar...
IT Dept has also found evidence of cash transactions of more than Rs.100 cr in the purchase of a farmhouse on the outskirts of Delhi
Law and Order

Income Tax raid reveals Hero MotoCorp made over Rs.1,000 cr bogus...

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Hero MotoCorp shares tank 7% after IT raid reveals Rs.1,000 crore bogus expenses The Income Tax Department raids have revealed that Hero MotoCorp made more...
Aaditya Thackeray slammed the IT dept's action terming it as misuse of central probe agencies but vowed Shiv Sena would not be cowed by such tactics
Corruption

Income Tax Department raids Rahul Kanal, a close aide of Aaditya...

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Income Tax Dept swoops on the homes, offices of Rahul Kanal close friend of Aaditya Thackeray A team from the Income Tax Department raided close...
I-T official said that particulars of about three dozen immovable properties, worth Rs.130 crore have also been detected
Law and Order

Income Tax Department unearth international hawala racket in Mumbai

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I-T detects illegal properties worth Rs.130 Cr in Mumbai raid The Income Tax (I-T) Department announced that in a recent raid they have unearthed an...
Income Tax Dept raids residence of former NSE MD Chitra Ramkrishna, her colleague Anand Subramanian
Law and Order

Income Tax Dept conducts search operation at ex-NSE CEO Chitra Ramakrishna’s...

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Ex-NSE MD's residence searched by IT Dept The Ex-Managing Director and CEO of the National Stock Exchange, Chitra Ramakrishna’s residence has been searched by the...
The raids were launched at the company’s premises in NCR, Bengaluru and some other parts of the country
Law and Order

Income Tax Dept raids Chinese telecom company Huawei for tax evasion

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Multiple tax raids on Chinese telecom firm Huawei in India On Wednesday, the Income Tax Department conducted searches at multiple premises of Chinese telecom major...
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