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.
New Delhi: In order to cripple and check the activities of wilful tax defaulters, the Income Tax department has decided to "block" Permanent Account Number (PAN) of such entities, get their LPG subsidy cancelled and
A letter written by the famous Latin singer Ricky Martin came as a big relief to Sony Music (India) Ltd which has been in a conflict with the Income Tax Department for the past 18 years.
New Delhi: Taking a tough stance against black money, the CBDT has directed the Income Tax department to mandatorily launch court cases against people found to be holding stash funds and tainted assets abroad and
New Delhi: The Income Tax department has launched an ambitious drive to bring under its net one crore new taxpayers after the government recently asked the taxman to achieve the target within the current fiscal.
Mumbai: In a new Aadhar-linked facility, Maharashtra government has developed an online repository for important documents like certificates, degrees, etc which are frequently required to apply for any job and other services.The "Maha Digital Locker"
New Delhi: To curb misuse of official cyber tools and attempts of phishing, the Income Tax department has rolled out a secure email system for all its employees and officers.The department, official sources said, has
Nagpur: The Income Tax department has said that there is no inquiry or investigation presently pending with it against former BJP President Nitin Gadkari.The Directorate of Income Tax (investigation), Nagpur gave this information in response
Mumbai: Actress Rakhi Sawant, who has jumped into poll fray while claiming to be an “illiterate” person with assets of Rs 15 crore, has outstanding loans worth about Rs 2.5 crore and an additional Rs
New Delhi: The Centre today told the Supreme Court that an investigation was being carried out by Income Tax department into an alleged money laundering issue raised during hearing of pleas, seeking cancellation of Reliance
Bangalore: Asserting its primary claim, the Income Tax Department has maintained that dues to it will have to be settled first by Vijay Mallya-led Kingfisher Airlines Limited, in the wake of a lender consortium of
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