The Income Tax Department has conducted searches on November 27 for an IT SEZ developer, its former director and a prominent stainless steel supplier in Chennai. The search operation was carried out at 16 locations located in Chennai, Mumbai, Hyderabad and Cuddalore. Evidence unearthed includes unaccounted for assets worth ₹100 …
Read More »
CHENNAI: The income tax department said Thursday that it detected undisclosed income for a sum of Rs 500 million during searches of a major wholesale bullion facility and gold jewelry merchant in Chennai on Tuesday. The IT department said it searched 32 facilities located in Chennai, Mumbai, Kolkata, Coimbatore, Salem, …
Read More »
The raids were based on charges that the fees charged to students “were not fully accounted for.” On October 28, the Income Tax department conducted a search of 22 locations for a Tamil Nadu-based group that ran multiple educational institutions, leading to the detection of an alleged tax evasion worth …
Read More »
The Income Tax (TI) department on Wednesday raided a Tamil Nadu-based group that ran multiple educational institutions and the action had led to the detection of alleged tax evasion worth roughly ₹150 crore, the CBDT said today. Searches were carried out at 22 locations in Coimbatore, Erode, Chennai and Namakkal …
Read More »
The Income Tax Department carried out raids Monday on a large network of entry-level scammers who generated cash through false billing. Search operations were carried out at 42 locations in Delhi-NCR, Haryana, Punjab, Uttarakhand and Goa. According to a press release issued by the department on Tuesday, documents showing accommodation …
Read More »
ITR presentation: the measure aims to facilitate the tax payment process for those evaluated because of COVID-19 The Income Tax Department extended the deadline for individual taxpayers to file their returns corresponding to fiscal year 2019-20 (fiscal year 2020-21) on Saturday by one month, in a relief to taxpayers due …
Read More »
The Income Tax department raided 38 locations in Delhi and Haryana on Wednesday in connection with a case of ‘unaccounted for cash transactions’ involving lawyer Manoj Kumar Singh, who specializes in commercial arbitration and alternative dispute resolution. According to a statement issued by the department, Singh allegedly received substantial amounts …
Read More »
NEW DELHI : British oil explorer Cairn Energy Plc said Tuesday that it is seeking $ 1.4 billion from the Indian government (roughly ₹10,300 crore) in losses arising from the expropriation of your investments to enforce a retroactive tax lawsuit. In its semi-annual income statement, the company said it expects …
Read More »