I-T raids at premises linked to NCR builders uncovers tax evasion worth crores
The Income Tax department, which recently conducted search operations at multiple places belonging to builders in the National Capital Region…
The Income Tax department, which recently conducted search operations at multiple places belonging to builders in the National Capital Region…
With the Income Tax Department serving a notice to TDP president N Chandrababu Naidu for allegedly receiving kickbacks of Rs…
The ruling Congress in Karnataka is all set to launch Gruha Jyothi scheme which will provide upto 200 units of free electricity to every residential household, on August 5.
A US-based IT company that set up its office in Kerala will start its operations from Monday (July 24). The company will be providing direct employment to 200 people in the state.
Rao took to Twitter soon after the Income Tax sleuths conducted a survey at the Delhi office of BBC to comment on the Centre’s move.
On giving tax relief to persons with disability, Sitharaman said the law currently provides for deduction to the parent or guardian when they take an insurance scheme for the differently abled person only if the lump sum payment or annuity is available to the differently abled person on the death of the subscriber.
IT stocks like Tech Mahindra, Infosys, HCL Technologies and TCS closed with decent gains
According to Gaurav Garg, Head of Research at CapitalVia Global Research: "The Indian Benchmarks has cut some of its losses in the late morning session. Negative cues from other Asian markets impacted the domestic sentiments."
IT department claimed that one of the groups has admitted to having indulged in inflating labour expenses amounting to Rs 382 crore. Another group has been found to have taken accommodation entries, from non-existing paper companies to the extent of Rs 105 crore, which has been admitted by this group.
The department carried out the search operations on three major contractors based out of Bengaluru and engaged in the execution of irrigation and highway projects. The searches which commenced on October 7 have been carried out at 47 premises across 4 states.
