Articles tagged under: Income Tax
October 30, 2018
Ahmedabad: Income Tax(IT) department teams have in a major pre-Diwali operation, conducted survey at 17 premises of Sankalp group in Ahmedabad including Ramada hotel which is owned by Sankalp group. As many as 50 IT staffers are believed part of the teams involved in this operation. Income Tax department has suspected significant gap between the income and the tax paid by Sankalp group.
September 26, 2018
Rajkot:Nearly 150 IT sleuths of Income Tax department searched around 44 business and residential premises of three Rajkot based construction firms and a finance firm today.
The searches were being carried at the premises of Decora group,Ladani Group and a finance firm.Read More
September 11, 2018
Ahmedabad: The income tax department has today raided 6 locations connected to Jignesh Shah and Sanjay Shah in Ahmedabad and seized around Rs 19.3 crore suspected black money along with 18 demat accounts.
Black money holders take the help of ‘entry operators’ to launder large amounts of unaccounted cash through banking channels. These entry operators are chartered accountants or middlemen who launder money on behalf of clients by operating multiple bank accounts. These intermediaries pro...Read More
July 26, 2018
New Delhi: The due date for filing of Income Tax Returns for Assessment Year 2018-19 is 31.07.2018 for certain categories of taxpayers. Upon consideration of the matter, the Central Board of Direct Taxes(CBDT) extends the ‘due date’ for filing of Income Tax Returns from 31st July, 2018 to 31st August, 2018 in respect of the said categories of taxpayers.
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
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