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I-T Department Notifies FY21 "Safe Harbour" Rates For Cos
The tax department has notified the 'safe harbour' rates for 2020-21 for calculation of transfer pricing by foreign companies in India. Generally, safe harbour is defined as circumstances in which the tax authority shall accept the transfer price declared by the ...
I T Department Notifies Fy21 Safe Harbour Rates For Cos

Income Tax Department Conducts Searches in Mumbai And Other Regions
The Income Tax Department conducted a search and seizure operation at various premises of a prominent actor in Mumbai and also a Lucknow based group of industries engaged in infrastructure development. Total 28 premises spread over Mumbai, Lucknow, Kanpur, Jaipur, Delhi, ...
19 Top IRS Officers Deputed In IT Department See Reshuffling
Over a dozen top-ranking IRS officers have been given new postings and transfer orders to head the country-wide income tax department assessment ranges and specialised wings, an official communication said. The order was issued by the Central Board of Direct Taxes ...
Top Irs Officers Deputed In It Department See Reshuffling
Nine Lakh Accounts Under Operation Clean Money 'Doubtful'
Nearly half of the 18 lakh people under the I-T scanner for suspicious bank deposits post cash ban have been put in the 'doubtful' category, but action against them will follow only after the new tax amnesty scheme ends on March ...
IT Department Begins Actions Under Benami Act, Issues 87 Notices
Initiating a stringent action against black money holders post notes ban, the Income Tax department said it has issued 87 notices and attached bank deposits worth crores in 42 cases nationwide under the newly enforced Benami Transactions Act which attracts a ...
It Department Begins Actions Under Benami Act Issues 87 Notices
IT Department Detects Undisclosed Income Of Over Rs 5300 Crore
The Income Tax department has detected undisclosed income of over Rs 5,343 crore and seized Rs 114 crore of new notes which were allegedly procured illegally in its nationwide operation against black money hoarders post demonetization. Official sources said the taxman, ...
It Department Detects Undisclosed Income Over Rs 5300 Crore
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