Tag: Income Tax department
17 Results
-
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 -
Bharat Samachar too faces I-T raids
The residences of Editor in Chief, Brijesh Mishra and state head, Virendra Singh, have also reportedly been raided. The shared update indicates that raids have been conducted at the houses of Bharat Samachar employees also.
July 22, 2021 -
IT Dept to introduce new e-filing portal on Jun 7
The e-filing portal is used by the taxpayers to file their individual or business category income tax returns (ITRs) and also to raise complaints seeking refunds and other works with the tax department.
May 20, 2021 -
Govt allows cash payment of over Rs 2 lakh for COVID-19 treatment at hospitals
It was introduced by the Union government in 2017 as a measure to curb black money.
May 8, 2021 -
Govt notifies ITR forms for 2020-21, gives option to choose new tax regime
The new I-T slabs will be for individuals not availing or foregoing certain specified deductions or exemptions while computing total income for tax purpose.
April 2, 2021 -
650-cr discrepancies found in raids on Pannu, Kashyap
The statement from the CBDT came as raids on the homes and offices of Bollywood actor Taapsee Pannu, director Anurag Kashyap and his partners who launched the now shuttered Phantom Films continued in Mumbai, Pune and Hyderabad for the second day.
March 5, 2021 -
IT Department survey Flipkart unit, Swiggy in Bengaluru
The survey began on Wednesday at the offices of the two entities, Instakart and Swiggy, in Bengaluru.
January 9, 2021 -
More than 4.15 crore ITRs for fiscal 2019-20 filed till December 26: IT department
The total number includes over 2.34 crore taxpayers filing ITR-1, over 89.89 lakh filing ITR-4, over 49.72 lakh ITR-3 and over 30.36 lakh filing ITR-2.
December 28, 2020 -
Income Tax Department conducts searches in Guwahati, Delhi, Silapathar and Pathsala
The main allegations against the three groups are that they have taken accommodation entries in the form of non-genuine unsecured loans and also securities premium from dubious Kolkata based shell companies.
December 26, 2020 -
Amarinder questions timing of ED, IT notices to him & family
Responding to a question during an informal media interaction at Jantar Mantar after his dharna, the CM said that besides the ED notice to his son Raninder, notices had been received by him and his wife Preneet Kaur from the Income Tax department.
November 5, 2020 -
Income Tax Department carries out searches in Jammu & Kashmir
Various incriminating documents and materials evidencing unexplained investments in immovable properties, construction of hotels and residences aggregating to Rs 25 crore in the last six financial years have been seized during the search, though he has not paid any tax since AY 2014-15.
September 17, 2020 -
Income Tax Department carries out searches in Srinagar and Kupwara
These operations have, prima facie, led to the detection of a huge amount of undisclosed income, seizure of unaccounted assets and incriminating evidence and involvement in Benami transactions by these three groups.
September 2, 2020