Operation Clean Money: 5.27 lakh assessees respond to I-T query on cash deposits
February 14, 2017 0:02 ISTOut of 18 lakh people that were sent SMS/emails for making suspicious deposits post demonetisation, 5.27 lakh assessees have responded.
Out of 18 lakh people that were sent SMS/emails for making suspicious deposits post demonetisation, 5.27 lakh assessees have responded.
The Income Tax Department has written to the RBI informing it about alleged illegal malpractices being deployed by a number of cooperative banks after its probe found "serious" difference in accounts, to the tune of
Income tax and intelligence sleuths have launched an investigation suspecting that an organised racket may have “virtually home delivered” new banknotes from government presses or the central bank to people within days of demonetisation.
The government’s analysis of bank deposits post-demonetisation so far show an estimated Rs 3-4 lakh crore of tax-evaded income deposited in old notes during the 50-day window provided to get rid of junked Rs 500/1000 notes.
The government appears to be in no mood to tighten the noose around the black money hoarders across the nation following its big ticket move to demonetise high-value currency notes.
A survey conducted by the Directorate General of Central Excise Intelligence (DGCEI) has found that over four tonnes of gold worth over Rs 1,250 crore was sold within 48 hours of the announcement of the ‘demonetisation’ drive.
the Income Tax Department, based on estimates that unaccounted money worth Rs 4 lakh crore may have flown into bank accounts post demonetisation, is gearing up to serve notices to those who cannot explain the source of the money. the Income Tax Dep
the Income Tax Department on Tuesday issued notices to top car dealers across India asking them to provide details of all those who booked a vehicle after November 8
The Income Tax department has issued a notice to Aam Aadmi Party, citing discrepancies in the donors' list submitted to tax officials and what had been put up on the party website. Terming the notice
Days after Rs 10.45 crore in unaccounted income was seized from Surat-based financier Kishor Bhajiawala, the CBI in its investigations found that he used dummy bank accounts to launder black money.
Over Rs 3,300 crore of undisclosed income has been detected while Rs 92 crore worth new notes have been seized till now by the Income Tax department as part of its country-wide operations against black money hoarders post the demonetisation drive.
It could have passed off as another rags to riches story of a tea and bhajiya seller from Gujarat making it big had it not been for demonetisation that stepped up Income Tax surveillance and a crackdown on ill-gotten money.
The Karnataka and the Goa arm Income Tax department today seized Rs 5.7 crore in new notes notes, 32 kgs of gold biscuits and jewellery and Rs 90 lakh worth old notes stashed inside the
Investigators believe that the declaration of Rs 2 lakh crore under the Income Disclosure Scheme by a Bandra family may be a result of their PAN details of family members being misused.
The Income Tax department on Thursday confiscated over Rs 4 crore in searches conducted against at least two individuals in Bengaluru.
The Centre’s warning that people depositing over Rs. 2.5 lakh cash in their accounts would face penalty following the big bang announcement demonetising old Rs 500 and Rs 1,000 notes could fall short of the
The income tax department has decided to impose charges under the newly enforced Benami Transactions Act against people depositing their unaccounted old currency in someone else's bank account. The act carries a penalty, prosecution and
The I-T department is planning to include information available on social media under its Project Insight from 2017-18 onwards and spenders flaunting high-value gadgets on social networking platforms will come under government scanner.
the Income Tax sleuths have reportedly recovered an unaccounted wealth of around Rs 130 crore after conducting raids at party legislator Kartar Singh Tanwar’s house in July.
This is the highest disclosure ever from offshore bank accounts and has raised a tax demand of Rs 5,377 crore against such account holders till March 31, 2016.
Top News
Latest News
