Financial institutions asked to register for FATCA by Dec 31

Last Updated: Tuesday, December 30, 2014, 22:56

All Indian financial institutions with exposure to the US will have to register by Wednesday with the American tax authorities to avoid a hefty penalty tax of up to 30 percent under the new Foreign Accounts Tax Compliance Act (FATCA).

Top IRS officers to get fixed pay scale of Rs 80,000 per month

Last Updated: Tuesday, July 23, 2013, 16:16

The proposal, approving the enhanced salary for Chief Commissioners (CCs) and Directors General (DGs) of Income Tax, was in-principle cleared by the Union Cabinet in May when it also put its stamp of approval on the much awaited cadre restructuring of the Income Tax department.

White House not involved in reviews: IRS Manager

Last Updated: Monday, June 10, 2013, 09:11

A Manager in the Federal Tax Collection Agency office told investigators that he, not the White House, set in motion the review.

IRS officer Sudha Sharma is new CBDT chief

Last Updated: Friday, May 31, 2013, 22:49

Senior IRS officer Sudha Sharma has been appointed as the new Chairperson of the Central Board of Direct Taxes in the Finance Ministry.

IRS officer, inspector among 4 booked for manhandling woman in AP

Last Updated: Wednesday, May 22, 2013, 23:29

An Indian Revenue Service officer and three others, including an inspector, were on Wednesday booked in connection with alleged manhandling of a woman.

Lewd remarks against women: HC awards jail term to IRS officer

Last Updated: Friday, January 4, 2013, 23:49

An Indian Revenue Services (IRS) officer was sentenced to 15 days in jail by Delhi High Court which held him guilty of contempt for using "scurrilous" terms against his women colleagues.

IT officer Verma got part of bribe when out on bail

Last Updated: Friday, November 30, 2012, 16:31

Indian Revenue Service Officer Ashutosh Verma, who was arrested in 2008 by CBI for allegedly taking bribe from arms dealer Suresh Nanda, had secured a major portion of remaining bribe after his bail.

HC upholds CAT order to revoke IRS officer`s suspension

Last Updated: Monday, September 17, 2012, 23:14

The Delhi HC upheld a CAT order which had revoked on July 1 this year the 12-year-long suspension of controversial Indian Revenue Service.

Court summons 8 IRS officers in defamation case

Last Updated: Monday, July 2, 2012, 17:03

Official sanction is not required for prosecution of govt servants for acts committed outside the discharge of their duties, a Delhi court said.

CBI busts smuggling ring involving IRS officers

Last Updated: Wednesday, July 20, 2011, 21:24

CBI claimed to have busted an illegal imported goods gang allegedly run by two IRS officers posted at Thiruvananthapuram in connivance with other officials who used to sell these material out in open market as unclaimed goods.