I-T department detects tax evasion worth crores after raids on two business entities

Inflation of expenditure and under-reporting of revenue has also been detected and the group has also been found to be indulging in unaccounted cash payments, the CBDT said.

published on : 17th October 2021

I-T dept detects Rs 250 crore black money after raiding two business groups in Tamil Nadu

The searches were conducted at 34 locations in Kanchipuram, Vellore and Chennai on October 5.

published on : 10th October 2021

Centre announces probe into Pandora Papers as top businessmen, celebrities appear in list

On Sunday, the ICIJ involving had released a 2.94 terabyte data trove, based on 12 million leaked documents linked to wealthy elites from over 200 countries.

published on : 5th October 2021

IT dept unearthed huge no of black assets, overseas accounts after recent raids: CBDT

These were accumulated over a decade and were found to be parked in bank accounts in Switzerland, UAE, Malaysia and several other countries, the statement said.

published on : 4th October 2021

IT department detects Rs 500-crore unaccounted transactions after raids on Gujarat real estate group

The raids that were launched at 22 premises of the group and the brokers on September 28 are underway.

published on : 2nd October 2021

Every rupee in my foundation awaiting its turn to save a life: Sonu Sood on I-T raids

The 48-year-old actor said that he had been busy 'attending to a few guests' and that is why he was unable to be at the service of the people for the last four days.

published on : 20th September 2021

Faceless assessment: Finance Ministry eases rules for authentication of e-records submission

The ministry said this simplified process would also be available to companies, or tax audit cases and they are mandatorily required to authenticate the electronic records by digital signature.

published on : 7th September 2021

Senior bureaucrat JB Mohapatra appointed as CBDT chairman

Mohapatra, a 1985-batch IRS (IT) officer, is currently the member in the board that frames the policy for the Income Tax department.

published on : 1st September 2021

New CBDT chairman, members likely to be appointed by August-end

Officials claim that government may reconsider inducting other senior officials who were left out in May.

published on : 25th August 2021

Number of billionaires in India stands at 136 in FY21: FM Sitharaman

Replying to another question, the finance minister said the price situation is constantly monitored by the government and appropriate measures are taken to maintain price stability.

published on : 10th August 2021

Probing fictitious transactions of Rs 2,200-crore, says CBDT after raids on media group

"The voluminous material found during the search operations is being examined," the CBDT statement issued said.

published on : 24th July 2021

Probing 'unaccounted transactions' of Rs 200 crore, says CBDT after raids on Bharat Samachar and linked businesses

The CBDT did not identify the group in the statement and said that apart from news media, the group deals in mining, hospitality, liquor and real estate.

published on : 24th July 2021

I-T department functionality to identify 'persons' on whom higher TDS would be levied from July 1

The CBDT issued a circular on Monday on implementation of Sections 206AB and 206CCA with respect to higher tax deduction/collection for certain non-filers.

published on : 22nd June 2021

I-T dept notifies cost inflation index for FY22 for computing long-term capital gains

The cost inflation index is used by taxpayer to compute gains arising out of sale of capital assets after adjusting inflation.

published on : 16th June 2021

I-T refunds worth Rs 15,438 crore issued in one month

Of this personal income tax refunds worth Rs 5,047 crore has been issued in over 11.51 lakh cases. Corporate tax refunds of Rs 10,392 crore have been issued to 21,487 taxpayers.

published on : 5th May 2021
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