From filing belated income tax return to linking your PAN and Aadhaar card, March 31 is the last date to do it all to avoid penalties and any other fines.
I-T's raids are underway at properties linked to Hiranandani Group in Mumbai, Chennai and Bengaluru.
The group has a pan-India presence having an annual turnover exceeding Rs 6,000 crore. A total of 23 premises were covered in Maharashtra, Karnataka, Andhra Pradesh, Uttar Pradesh and Madhya Pradesh, in the search operation.
After complaints were filed against Jadhav, the I-T department initiated a thorough probe and found that around Rs 15 crore were allegedly collected by Jadhav.
Chitra Ramkrishna is in the news after a recent Sebi order said she was steered by a yogi, dwelling in the Himalayan ranges, in the appointment of Anand Subramanian as the exchange's group operating officer and advisor to the managing director (MD).
According to the CGST Commissionerate, the firm was engaged in availing, utilizing, and passing on a fraudulent Input Tax Credit (ITC) on the bogus invoices of around 100 Crores thereby defrauding the government exchequer.
The tax department had last year conducted searches against Chinese mobile communication and handset manufacturing companies like Xiaomi and Oppo and their linked persons and claimed to have detected alleged unaccounted income worth over Rs 6,500 crore due to violation of the Indian tax law and regulations.
Introduction of digital currency, investments in the construction of roads, railways, airports, ports, 400 new Vande Bharat trains, rural housing, and no change in income-tax slabs were among key announcements. Let's take a look at what different businesses have to say post-budget announcement.
The cash was recovered during the search operation which was initially called a survey operation. Bundles of notes of Rs 2,000 and 500 denominations were recovered.
Finance Minister Nirmala Sitharaman presented Budget 2022 on Tuesday announcing that digital currency, 5G services will be launched by next year, new Vande Bharat trains but no change in tax slabs. Let's take a look at what a common man needs to know about Modi government's budget.
The basic personal tax exemption limit in the personal income tax was last revised in 2014. Notably, personal income tax is one of the most keenly awaited announcements in the Budget every year.
Ahead of the Budget, taxpayers were expecting the announcement of changes in Income Tax slabs and rates.
The IT official reached Noida Sector 50 on late Sunday evening. The search operation is still going on and the officials would brief the media once the search operation is over, the source added.
On Sunday, the premises of a former IPS were also searched by the I-T teams in Noida sector 50.
The decision comes as people have been facing difficulties in e-filing of Audit reports for AY 2021-22 under the IT Act, 1961
The Income Tax sleuths are conducting raids at properties linked to Ajay Chaudhary, CMD of real estate company Ace Group. The raids are underway at 40 sites in Noida, Agra and Delhi.
Ajay Chaudhary is CMD of real estate company Ace Group. He is believed to have close contact with Samajwadi Party chief Akhilesh Yadav.
The government on Friday said there is no proposal to extend the deadline for filing income tax returns beyond its current deadline of December 31.
After Piyush Jain, SP MLC Pushpraj Jain alias Pampi Jain's residence was raided by the IT-Department. Reacting to the same, Samajwadi Party has alleged that only houses of the SP leaders is being raided.
Piyush Jain was arrested on Sunday after raids at his residence in Kanpur and residence and factory in Kannauj by the Directorate General of GST Intelligence (DGGI) led to the recovery of about Rs 257 crore in cash, 25 kg of gold and 250 kg of silver.
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