Tag: Income Tax department
17 Results
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I-T dept conducts searches in real estate group of North India
A large number of incriminating pieces of evidence including hard copy documents and digital data have been found & seized during the search.
March 23, 2022 -
I-T Dept conducts searches in Mumbai
Detailed examination of sources of acquisition of the properties and the amounts spent on the lavish interiors of shops and bungalows is under progress.
March 17, 2022 -
More than 29.8 L major TARs filed on e-filing portal of I-T Dept
Out of 29.8 lakh of the major statutory forms, over 2.65 lakh Form 3CA-3CD and around 24.5 lakh Form 3CB-3CD have been filed in FY 21-22. More than 2.71 lakh other Tax Audit Reports (Form 10B, 29B, 29C, 3CEB, 10CCB, 10 BB) have been filed till 15 February.
February 16, 2022 -
I-T dept conducts searches in Andhra Pradesh, Telangana and Kerala
Digital data has also been seized from a specialized software application as well as from other electronic gadgets.
January 10, 2022 -
5.89 cr I-T returns filed on new e-filing portal
Nearly 5.89 crore Income Tax Returns (ITRs) have been filed on the new e-filing portal of the Income Tax Department as of 31 December, the extended due date.
January 1, 2022 -
Mobile manufacturing companies: I-T dept conducts pan-India searches
The search operation has also brought out the modus operandi of purchase of the components for manufacturing of mobile handsets.
December 31, 2021 -
Income Tax Department conducts searches in Chhattisgarh
The search action covered more than 35 premises spread over Raipur, Korba, Bilaspur and Raigarh districts of Chhattisgarh on December 22.
December 30, 2021 -
Income tax dept conducts searches in Maharashtra, Rajasthan
These groups are engaged in the business of civil construction and land development.
December 28, 2021 -
Income tax dept conducts search operations in Delhi
The search operation revealed that these undisclosed entities in low tax overseas jurisdictions were holding assets worth Rs 40 crore in the form of immovable and movable assets.
December 7, 2021 -
Income Tax department conducts search operations on Kolkata-based group
As per an official release, the search action covered more than 20 premises spread over West Bengal and Odisha.
December 6, 2021 -
IT Dept. conducts searches on jewellery exporter
The yield of cut and polished stones is suppressed and part of it is sold in cash, generating unaccounted income which is not recorded in the books of accounts.
December 1, 2021 -
Income Tax Department raids several companies evading tax through hawala, bogus entries
According to the Ministry of Finance, the companies were involved in import of electronic goods, digital marketing, solid waste management, and were evading taxes including income tax, custom duty, GST by adopting various modus operandi.
October 18, 2021 -
IT Department’s searches in NCR, Haryana and WB reveal large scale under-invoicing of imports
The evidence revealed that the payments for such under-invoiced goods to the foreign consigners have been made through hawala channels.
October 16, 2021 -
Over 2 crore Income Tax Returns filed on e-Filing portal of Income Tax Department
Over 13.44 crore unique taxpayers have logged in till 13th October, 2021.
October 15, 2021 -
IT raids at my sisters’ houses, companies ‘Politically motivated’, says Pawar
"Income Tax department conducted raids at houses and companies of my three sisters. I don't know the reason behind it but these are 'politically motivated' raids. They are doing a low-level of politics. I feel bad," he stated.
October 7, 2021 -
IT raids on 6 business houses in Gujarat
Around 24 premises belonging to six groups and real estate business houses were raided, sources said.
September 8, 2021 -
Income Tax Department conducts searches in Maharashtra, Goa
Evidence detected during the search revealed that the group was engaged in the fraudulent practice of booking bogus purchases of scrap and sponge iron from various 'fake invoice issuers'.
August 28, 2021