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CBI raids 23 locations, books senior IT commissioner, seizes Rs 3.5 cr

CBI searched 23 locations in Kolkata and Ranchi including residential premises of this official

 

 

The CBI on Wednesday conducted raids at 23 locations in West Bengal and Jharkhand in connection with a graft case registered against the Principal Commissioner of Income Tax and others, an official said.

The Central Bureau of Investigation (CBI) took the step against Principal Commissioner Tapas Kumar Dutta, posted in Ranchi, and three of his colleagues -- Arvind Kumar, Additional Commissioner of Income Tax; Ranjeet Kumar Lal, an Income Tax Department Officer and an Income Tax Officer (Tech) identified only as Ganguly -- following allegations of criminal conspiracy.
The four officials of Income Tax department, along with five businessmen and a Chartered Accountant have been booked on charges of criminal conspiracy, criminal misconduct and under the Prevention of Corruption Act. → IT Return ←

During the search operation, the CBI seized Rs 3.5 crore in cash, five kg gold and some incriminating documents from the premises owned by Dutta. Searches were on at several locations.

Dutta and his colleagues were accused of favouring five Kolkata-based businessmen -- identified as Biswanath Agarwal, Santosh Chowdhury, Aakash Agarwal, Vinod Agarwal and Arvind Agarwal -- and their companies in the matter of taxes and for taking illegal gratification.

The CBI raids took place at 18 residential and office premises of the accused in Kolkata and five places in Ranchi in Jharkhand, a CBI official said...... Full Article Source

Confused about income tax return filing? Find answers to all your questions

From Aadhaar-PAN linking to efiling income tax for AY 2017-18, here is everything you need to know

 

 

The income tax return (ITR) filing season has already begun – in fact, you now have less than 20 days for filing ITR using the efiling  of income tax portal – and, despite the government’s continuous efforts to make ITR filing easy, especially through income tax login option on the I-T department portal, you must be facing a lot of headache.

 

This year, there have been several new norms and rules to follow at the time of filing income tax return for 2017-18 assessment year.

 

Last year, government employees had received salary arrears due to the implementation of the 7th Pay Commission’s recommendations. With changed income tax return forms, there is also some confusion about the mechanism to claim relief under Section 89 under the Income Tax Act.

With effect from July 1, 2017, it has become mandatory for taxpayers to link Aadhaar and Permanent Account Number (PAN) for filing ITR. The income tax department is sending texts and e-mails to taxpayers asking them to link their Aadhaar numbers with PAN for uncomplicated income tax efiling.

However, taxpayers are facing various problems in linking Aadhaar and PAN due to several reasons, such as a mismatch in name, date of birth, non-update of phone number in Aadhaar database, etc.

Taxman’s One Solution gathered taxpayers’ various queries, such as how to income tax return. Here is a detailed list of frequently asked questions on income tax return filing, with their answers:  → Income Tax Filing FAQs ←