Income Tax Department
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Income Tax department detects black income of Rs 50 crore after raids in Rajasthan
India | Nov 04, 2021, 06:13 PM ISTDuring the search, documentary evidences were found and seized indicating receipt of unaccounted cash as well as utilisation of the same towards purchase of land.
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IT dept detects Rs 500-cr unaccounted transactions after raids on Gujarat realty group
India | Oct 02, 2021, 01:35 PM ISTThe Central Board of Direct Taxes (CBDT) frames policy for the tax department.
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Now IT 'searches' Anil Deshmukh's Nagpur properties after ED, CBI
India | Sep 17, 2021, 05:45 PM ISTThe IT action covers educational institutions run or managed by the ex-minister or his family members or their close associates, certain offices, and residential premises.
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Government has created 'mess': Shashi Tharoor on new Income Tax portal
India | Jul 06, 2021, 12:40 PM ISTSenior Congress leader Shashi Tharoor on Tuesday attacked the Centre over the glitches in the new Income Tax portal.
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Have you linked your PAN card with Aadhar before? Must do it before June 30, here's why
Income Tax | Jun 24, 2021, 01:05 PM ISTThe last date to link Aadhar with Pan card has now been extended till June 30, 2021.
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Rs 1,000 cr black income detected after raids at Tamil Nadu jewellery, bullion group
India | Mar 07, 2021, 12:37 PM ISTThe searches, so far, have resulted in the detection of undisclosed income of more than Rs. 1000 crore. Unaccounted cash of Rs. 1.2 crore has been seized so far.
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IT dept detects Rs 220 crore black income after raids on TN-based tiles manufacturer
India | Feb 28, 2021, 09:52 AM ISTThe CBDT said in a statement that Rs 8.30 crore cash was seized during the raids on the group engaged in the business of manufacture and sale of tiles and sanitaryware. The group is the "leader" in tiles business in south India.
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Income Tax Dept conducts surveys at Flipkart, Swiggy offices in connection with bogus ITC
Business | Jan 07, 2021, 08:05 PM ISTThe Income Tax Department on Thursday conducted surveys at the head offices of Instakart - a group company of Flipkart - and Swiggy in Bengaluru. The surveys were underway in connection with bogus Input Tax Credit (ITC), news agency ANI quoted sources as saying.
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I-T raids on Odisha group leads to Rs 170 crore black income
India | Dec 08, 2020, 03:57 PM ISTThe raids conducted by the Income Tax department against an Odisha-based group involved in manufacturing and trading of steel products has led to the detection of about Rs 170 crore black income and presence of bogus directors who are actually gullible daily wage earners, the CBDT said on Tuesday.
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₹150 crore black money detected in I-T raids on Assam coal traders
India | Dec 07, 2020, 08:39 PM ISTThe Income-Tax Department has detected alleged unaccounted income of more than Rs 150 crore after it raided premises of "leading" coal traders of Assam, the CBDT said on Monday.
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Undisclosed income worth over ₹500 cr detected as IT raids Chennai bullion firm
India | Nov 12, 2020, 02:31 PM ISTUndisclosed income of over Rs 500 crore has been uneathed by the Income Tax department during multiple raids at the premises of a leading bullion trading firm in Chennai, the CBDT said on Thursday.
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IT Dept conducts searches in Tamil Nadu over educational institutions fraud
India | Oct 29, 2020, 02:28 PM ISTThe Income Tax Department on Wednesday carried out searches at 22 premises in Tamil Nadu's Coimbatore, Erode, Chennai and Namakkal on a group engaged in the running of educational institutions and their associates, including a civil contractor.
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₹62 crore in cash seized following raids on hawala operatives in Delhi
India | Oct 28, 2020, 01:07 PM ISTAt least Rs 62 crore in cash were seized by the Income Tax Department as as part of its multi-city tax evasion operation against hawala or entry operators and individuals who prepare fake bills in Delhi.
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Amid Rajasthan political crisis, I-T raids locations linked to aides of CM Gehlot
News | Jul 14, 2020, 10:04 AM ISTAs the political crisis intensified in Rajasthan following deputy chief minister Sachin Pilot’s revolt against the Chief Minister – Ashok Gehlot, the IT department conducted raids on three business groups and individuals allegedly linked to the aides
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Income Tax Department amends TDS form, makes it more comprehensive
Income Tax | Jul 05, 2020, 05:17 PM ISTThe income tax department has amended the TDS form, making it more comprehensive and mandating deductors to state reasons for non-deduction of tax.
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PAN-Aadhaar Linking: Don't miss March 31 deadline for linking PAN-Aadhaar, says IT Dept
Business | Mar 17, 2020, 11:49 AM ISTThe Income Tax Department on Monday has issued a public message stating that it was 'mandatory' to link PAN card with Aadhaar. The IT Department also advised people not to 'miss' the deadline of March 31 for the same.
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Illegal cash from liquor and mining business paid to Chhattisgarh public servants: CBDT
India | Mar 02, 2020, 09:34 PM ISTIncome Tax raids conducted in Chhattisgarh have revealed that "unaccounted cash" sourced from liquor and mining businesses was being paid to public servants every month, the CBDT said on Monday.
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Attention employees! CBDT says 20% of your salary will be deducted if you don't do THIS
Business | Jan 29, 2020, 11:22 AM ISTAre you a salaried person and earning over ₹ 2.5 lakh per annum? Then this news is important for you. The Income Tax Department has reiterated that employers must cut tax at source at 20 per cent or a higher rate if the employees do not provide PAN and Aadhaar details to the employer.
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Tax Department raises GST revenue target to Rs 1.15 lakh cr for Jan-Feb
Business | Jan 17, 2020, 10:14 PM ISTLast month, the department had raised its GST tax collection target to Rs 1.1 lakh crore per month with Rs 1.25 lakh crore for a single month for the remaining period of this financial year while the direct tax target was to remain at Rs 13.35 lakh crore sans the corporate tax relief of Rs 1.45 lakh crore.
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Have gold at home? This is how much you can keep without fearing Income Tax raid
Business | Jan 22, 2020, 02:01 PM ISTHaving gold at home? Do you know how much you can keep without fearing Income Tax department? CBDT has clarified the prescribed quantity of gold considered allowable.