Articles tagged under: Income Tax
March 06, 2018
Income tax department today conducted raids at over 40 places related with various firms mainly construction and real estate companies in Gujarat in cities including Ahmedabad and Vadodara.
As per primary reports the raids/survey on various offices and other premises/sites of the companies were also conducted at the central Gujarat town of Anand.
Among the companies whose offices and other premises etc were surveyed/raided by the IT teams included Ahmedabad...Read More
January 23, 2018
Income Tax raids cum surveys at around 20 places related to the Happy Home Construction Group in Surat city of Gujarat were started this morning.
An IT official said that the details would be shared only after the completion of the IT survey.
It is learnt that the survey was being conducted simultaneously at the residences and office of the five partners of the group including its main promoter. Some of the projects have also been taken in to the ambit of ...Read More
January 10, 2018
As part of pan India IT raids/survey on South India based multinational jewellery major Joyalukkas, all its 3 showrooms in Gujarat including that in Ahmedabad were searched by various teams of the department today.
The raid/surveys were reportedly over allegations of tax evasion. Raids started almost simultaneously this morning at various locations across South India, Haryana and Gujarat.
In Ahmedabad a team of over half a dozen IT sleuths raided the show...Read More
October 19, 2017
New Delhi: The Income Tax Department has launched an 'online chat' service for taxpayers so that they can seek answers to their basic queries and doubts relating to direct tax issues.
A window has been hosted on the main page of the department's website -- www.incometaxindia.gov.in/ -- with a prominent icon stating 'Live Chat Online- ask your query'.
"A team of experts from the department and independent tax practitioners has been deputed to answer the general queries of a taxpayer. This f...Read More
August 30, 2017
New Delhi: The CBI has booked three senior officers of the Income Tax department in connection with alleged entries of payments made to them in a diary recovered during IT raids at a business group's premises six years ago.
The agency has registered an FIR against Sunil Kumar Ojha, Principal Commissioner, Income Tax, Guntur, Subhash Chandra, Commissioner, Income Tax, Thane and Manas Shankar Ray, Commissioner, Income Tax, Ahmedabad.
Vadodara-based Sterling Biotech has also been named as an ...Read More
August 22, 2017
Income Tax sleuths today raided around 20 offices/sites and other places associated with local K10 Group founded in 1990 by locla businessman Ketan Shah.
The group was in to 3 main businesses Share Trading, Real Estate, Hospitality & BPO/KPO.
An IT official, who termed today's raids as an extensive IT survey, said that teams of Income Tax department also visited various construction sites of the group.
'A hotel of the group near Natubhai circle in the cit...Read More
April 04, 2017
Junagadh: In a much needed relief to a poor cobbler here, the Income Tax department has taken back its notice served to him to explain the deposit of Rs 10 lakh in his account.
The IT department has taken the step to check the discrepancy, if any, on the intervention of local BJP MLA Mahendrabhai Mushroo, who also knows the cobbler for years. An IT official of Junagadh said that as the cobbler claims that he did not have a PAN card, it would be re-checked and the PAN number of the ...Read More
April 03, 2017
Junagadh: An Income Tax notice to a cobbler, who repairs old footwear on a footpath in M G road area of this historic city of Saurashtra region of Gujarat for years, has become a 'talk of the town' of sorts here.
The IT notice regarding transaction to the tune of Rs 10 lakh in the cobbler's account during the demonetization in November-December last year, was received by Mansukh Makwana 3 days back.
Though the matter, which is yet to be investigated in detail yet the pli...Read More
January 31, 2017
New Delhi: Revenue Secretary Hasmukh Adhia today in a briefing here announced Operation Clean Money under which deposits during demonetization grace period will be verified. More than 1 crore accounts are found to have deposited Rs 2 lakh or more cash post demonetization.Unique pan connected to these accounts are around 70 lakh. During the data anayltics process,the vast data of income profile, turnover and various other particulars of income are compared. In the first phase where deposits are n...Read More
December 30, 2016
New Delhi: Over Rs 4,313 crore of stashed income has been detected by the Income Tax department after conducting over 1,000 raids and survey operations as part of its country-wide operations against black money hoarders post demonetisation.
Official sources said the taxman has detected a total of Rs 4,313.79 crore undisclosed income and seized cash and jewellery worth Rs 554.6 crore as part of these operations, as per the data updated till yesterday.
They said the department carried out a ...Read More
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