Mehsana: The Income Tax department is carrying out search operations on the renowned Radhe Group in Mehsana and its associates. Joint searches were conducted at the group's premises in Mehsana and at the properties of its associates in Ahmedabad and Morbi. Over two dozen teams are involved in the operation, raising the possibility of uncovering significant instances of benami (proxy) transactions. It is learned that the IT department is investigating Mahendra Patel of the Radhe Group and his ...Read More

Rajkot: Ahead of Diwali, the Income Tax Department and Goods and Services Tax Department are actively investigating allegations of tax evasion. On Friday, the IT Department conducted searches at Bhavani Construction, located on Kalavad Road in the city. The IT authorities were reportedly investigating the real estate firm for the non-payment of TDS (Tax Deducted at Source) amounting to Rs 50 lakhs. A survey was conducted at the firm, after which the company indicated it would pay Rs...Read More

Vadodara: The Income Tax department has found Rs. 10 crore cash after search and survey at 23 locations in Vadodara, Ahmedabad and Surat linked to Vadodara based real estate firms Nyalkaran and Ratnam Group. The Income Tax department has during the search/survey recovered jewelleries for valuation purpose. IT sleuths have also found bank lockers which are yet to be operated. It was prima facie concluded that the builder groups sold flats and offices at higher price than the mentioned prices on p...Read More

Vadodara: The Income Tax Department has been conducting searches at the premises of several prominent builder groups in Vadodara city. The searches are taking place at locations linked to real estate businessmen Nileshbhai Sheth (founder of the Ratnam Group), Sonak Shah, and other builders. The IT Department is operating at over 20 locations associated with these builders, involving more than 150 officers from the Vadodara, Ahmedabad, and Surat IT Departments. Several benami transactions are exp...Read More

Dwarka: The Anti-Corruption Bureau (ACB) of Gujarat has nabbed an Income Tax Inspector in a bribe case involving a sum of Rs. 3,000. The accused IT Inspector works at the IT office in Dwarka. A class-3 employee of the government, accused Sunilkumar Arvindkumar Meena, was apprehended after he received the bribe at the IT office in Dwarka. According to the ACB, the complainant's PAN card was missing, and therefore he applied online and received a second PAN card. Whe...Read More

Ahmedabad: The Central Board of Direct Taxes (CBDT) has set a direct tax collection target of Rs 1 lakh crore for Gujarat for the 2024-25 financial year. It is reported that the Income Tax Department had set the target for 2023-24 at Rs 89,800 crore, which has been increased to Rs 1,00,210 crore, reflecting an 11% year-on-year growth. In the last fiscal year, the state surpassed the target by collecting Rs 92,176 crore, which was 3% higher than the target. A senior official attributed the ...Read More

Gandhinagar: The Income Tax department has launched searches at 27 locations in Ahmedabad and Vadodara. Locations linked to Ahmedabad based builder Sudhir Khurana, Vikram Khurana and Ashish Khurana are also being searched for Income Tax survey. Vadodara based builder Ashok Khurana and his partners are also covered under this operation. Ashok Khurana heads Madhav Group, headquarters of which is located in Subhanpura area of Vadodara. The group is into construction of over bridges and solar system...Read More

Ahmedabad: The CID Crime Department of the Gujarat Police, in a joint operation with the Income Tax Department, conducted raids at around 12 Angadia firms in Ahmedabad and Surat late Thursday night. During the raids, approximately Rs 10 crore in cash, along with jewelry and foreign currency, were seized. Authorities also uncovered evidence of hawala transactions and confiscated all relevant financial records and electronic devices for further examination by the Income Tax Department. The r...Read More

Ahmedabad: The Income Tax investigation into the Desai brothers, the alleged infamous moneylenders of the city, entered its third day on Friday. It has been learned that alleged benami transactions of over Rs. 500 crores have been found by the IT department. A considerable amount of digital data, now under examination, has also been confiscated. Income Tax officials conducted searches on Wednesday morning at 20 locations, including a Riverview hotel on Ashram Road and Gopal bungalow. The Inco...Read More

Ahmedabad: The Income Tax department is carrying out extensive searches on the premises linked to prominent dairy and hotel groups today in the city. The searches targeted the Gopal Dairy and Riverview Hotel groups, both owned and managed by Nishit Desai, Gaurang Desai, and their associates. The Income Tax department suspected large-scale irregularities, particularly involving benami transactions, which prompted this operation. The searches are being carried out at the residential and office ...Read More