New Delhi: The Income Tax Department on Tuesday said an “inquiry notice” was sent to Congress leader Abhishek Manu Singhvi’s wife Anita who had allegedly bought diamonds and jewellery worth Rs 6.5 crore from a store owned by fugitive Nirav Modi. “An inquiry notice has been served to Anita Singhvi[Read More…]
Tag: IT
Direct Tax Collection rises to 19% in April-July
Direct tax collections increased to 19% in the first four months of the current fiscal as demonetisation of higher denomination currency brought in more number of individuals in tax net. Collections of direct taxes, which are made up of personal and corporate taxes, soared to Rs 1.90 lakh crore in[Read More…]
I-T return filings grew by 25% after demonetization: Tax department
According to the tax department, the number of I-T returns filed for the 2016-17 year grew by 25% to 2.82 crores, as increased number of individuals filed their tax returns post demonetization. The growth in ITRs filed by Individuals is 25.3% with over 2.79 crore returns having been received up[Read More…]
About ₹71,941 crore undisclosed income detected in last 3 years
Around 71, 941 crores of undisclosed income have been detected in the last three years after Income Tax (IT) department carried out searches and seizures, informed the Centre to the Supreme Court. The Ministry of Finance has said in an affidavit that from the day after high currency notes were[Read More…]
Pune: 25 year old techie commits suicide, says no job security in IT
Identified as Gopikrishna Durgaprasad, a software engineer from Andhra Pradesh who started working in Pune three days ago, jumped to his death in the early hours of Wednesday. The assistant police inspector (API) Dilip Jaisingkar of Vimantal police station confirmed the news. A note is found by the police officials, written[Read More…]
Microsoft to ‘eliminate positions’, thousands may lose jobs
Tech giant Microsoft is under a process of reorganisation of its sales and marketing units that will likely see the company cutting about 4,000 jobs from its workforce, mostly outside the US. According to an e-mail by a Microsoft spokesperson, the company is implementing changes to better serve its customers[Read More…]
Watch: Rajiv Gandhi, the man who connected millions to their loved ones
“India is an old country, but a young nation; and like the young everywhere we are impatient. I am young, and I too have a dream. I dream of an India strong, independent and self-reliant and in the front rank of the nations of the world in the service of[Read More…]
Delhi tax defaulters names published by the IT dept
On Thursday, the Income Tax department issued the names of five tax defaulters who owed over 10 crores to the government. This is a new strategy adopted by the government in order to shame the tax defaulters who are indebted of hefty amounts. The latest list released has five names[Read More…]
IT lay off is ‘normal’, essential to counter industry slowdown: Mohandas Pai
After a substantial lay off by IT majors, the sector was taken aback by the vulnerability of their job security. However, an expert has branded it as a regular restructure, essential to counter industry slowdown. It was a phenomenon that is taken up every three to five years, said IT[Read More…]
Large-scale layoff in IT firms due to digitisation
Those working in IT giants of India are facing serious crunch due to the recently executed large-scale layoffs. While this comes soon after the industry slowed down in growth, giants ranging from Infosys to Cognizant, almost all are witnessing the crunch. As per reports, the layoffs are attributed to growing[Read More…]
Four lakh companies may face deregistration for not filing IT returns
As large numbers of Indian companies have failed to file their returns for three financial years, more than a third of the 11 lakh active Indian companies face the chances of their names being struck off or deregistered. The development is as part of the check on shell companies. Lately,[Read More…]
Open to accommodate skilled Indian professionals: EU
India, Vietnam sign 12 agreements; pacts to boost IT, defence ties
Prime Minister Narendra Modi on Saturday met his Vietnamese counterpart Nguyen Xuan Phuc for one-to-one talks ahead of delegation-level talks. India and Vietnam sign 12 agreements for cooperation in areas, including defence and IT, to boost bilateral ties. Modi said that India will provide $500 million credit line for Vietnam[Read More…]