More than 1,100 searches have been conducted and 5,100 notices issued by the Income Tax Department after the November 8 demonetisation for cross-checking of high-value deposits, the government informed parliament today. This led to seizure
Alleging harassment by the Income Tax department, the Aam Aadmi Party (AAP) today said that the officials are planning to raid it ahead of the Goa and Punjab assembly elections on February 4. AAP spokesman
Troubles seem to be mounting for Delhi Health Minister Satyendra Jain who could soon find himself in the net of the amended ‘Benami property’ law recently introduced by the Centre.
Following the demonetisation drive, India's Income Tax Department has detected undisclosed income of over Rs 4,807 crore and seized new notes worth Rs 112 crore, an official source here said on Sunday.
The Income Tax Department has asked banks to report large cash deposits in savings accounts between April 1 and November 9, 2016.
banks are not taking any chances in reporting “suspicious” transactions with some of the private banks reporting an increase of up to 10 times.
In a massive crackdown on black money hoarders across the country, the Income Tax Department has detected over Rs 4,663 crore of undisclosed income post the demonetisation of two high-value currencies by the government.
To avoid information leakage, the Central Board of Direct Taxes (CBDT) has asked the officials of Income Tax department to not drag official decisions to social media platforms like Twitter, Facebook and others. The policy-making
The Income Tax department has detected over Rs 3,185 crore of un-disclosed income and has also seized Rs 86 crore worth new notes.
Taking forward the government's initiative to effectively block subsidised cooking gas to higher income groups, the Income Tax department will soon begin sharing personal data--like PAN, residential address and mobile number--of a taxpayer earning ov
Ever since the government’s announcement of currency demonetisation on November 8, the Income Tax department has carried out a record number of searches across the country digging out enormous amount of ‘unaccounted wealth’.
Mahesh Shah, who came under the microscope of the Income Declaration Scheme (IDS) post a surprising disclosure Rs 13,860 crore in unaccounted wealth, seems to have taken a U-turn as he today said he was
In a one of its kind case regarding unaccounted income, the Income Tax (I-T) department has under its scanner a businessman based out of Ahmedabad, who had voluntarily declared Rs 13,000 crore worth income.
Income Tax department has flung into action after reports that Rs 21,000 crore was deposited into Jan-Dhan accounts.
officials of the Income Tax department have now begun to scan mining baron Janardhan Reddy's accounts for irregularities
The extravagant wedding of Karnataka mining baron and former BJP minister Janardhan Reddy’s daughter, which is estimated to have cost about Rs 500 crore, has raised a firestorm of controversies.
New Delhi: The Income Tax department has launched a ‘Tatkal' approval mechanism for those charitable and self-help organisations who desire to help the victims of the earthquake in Nepal.“A special desk has been deployed at
New Delhi: As part of its strategy of 'naming and shaming' big defaulters, the Income Tax department on Saturday published names of 31 tax evaders who owe over Rs 1,500 crore tax to the government.The
New Delhi: Prime Minsiter Narendra Modi's displeasure over delay in income tax refund has send the Central Board of Direct Taxes in a tizzy. Modi flagged the issue last week during his Pragati video conference
New Delhi: The Income Tax Department will carry out closer scrutiny of those tax statements wherein an assessee has disclosed that he or she holds bank accounts or any other assets abroad before the current
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