Srijan scam: Income Tax Department raids house of Sushil Modi's cousin in Patna
India | September 06, 2018 19:14 ISTThe sleuths were accompanied by police personnel during the raid at Rekha Modi's S P Verma Road house here this afternoon.
The sleuths were accompanied by police personnel during the raid at Rekha Modi's S P Verma Road house here this afternoon.
According to recent changes in penalty slab by CBDT, non-filing of ITR before the due date from this assessment year would lead to a penalty of Rs 1,000, 5,000 and Rs 10,000.
The seizure was probably the biggest so far in raid operations conducted anywhere in the country, officials said.
In reply to the tax notices, most of the people said that they did not make any cash payment, but this version does not corroborate with the data obtained by the IT Department vis-a-vis the sales made by the firms of Nirav Modi.
The charge-sheets or prosecution complaints have been filed by the department before a special court in Chennai under Section 50 of the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015, officials said.
The Income Tax department on Wednesday announced that a dress code is being imposed upon its employees through the rollout of ‘Operation Dress Code’.
The department issued an advertisement as part of its name and shame defaulters policy in leading national dailies titled ‘List of defaulters of Income Tax and Corporate Tax’.
Running late for filing ITRs? Don't worry! Income Tax department has decided to remain open on public holidays and weekend to help people in the last minute ITR filings.
The department, earlier this week, had attached 14 bank accounts that were in various bank branches in Uttar Pradesh.
The crackdown by I-T Department comes a day after the Enforcement Directorate (ED) launched an investigation 79 shell companies owned by the Gitanjali Group chief Mehul Choksi and 41 owned by Modi in India.
Finance Minister Arun Jaitley, in his Budget speech yesterday, had said that all types of crypto currencies, including bitcoins, are illegal and the government will take all measures to eliminate their use.
The Income Tax Department has provisionally attached actor Shah Rukh Khan’s bungalow in Alibaug, terming it a benami property.
The Income Tax Department today cautioned people against indulging in illegal cash transactions including donating more than Rs 2000 to political parties.
It will now be possible for India to receive from September, 2019 onwards, the financial information of accounts held by Indian residents in Switzerland for 2018 and subsequent years.
The Income Tax Department has picked 20,572 tax returns for "detailed scrutiny" suspecting discrepancies in incomes before and after demonetisation.
The Delhi High Court today asked the Income Tax department whether it intended to examine under the new benami law all accommodation entries made prior to 2016 when it came into effect.
The Income Tax Department on Sunday concluded raids on premises linked to former Union minister S M Krishna’s son-in-law V G Siddhartha, who is also the owner of Cafe Coffee Day Enterprises
Siddhartha is the son-in-law of former Karnataka chief minister S M Krishna, who had joined Bharatiya Janata Party last year
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