While the statement did not identify those searched, official sources said those raided include Hilal Ahmed, Ghulam Rasool Magray and Ishfaque Dar.
Under faceless scrutiny assessment, a central computer picks up tax returns for scrutiny based on risk parameters and mismatch and then allots them randomly to a team of officers.
The I-T department will reach out to these taxpayers through SMS or email and can submit a response online to the query of the tax department on the portal.
The Central Board of Direct Taxes (CBDT) further asked taxpayers to provide immediate response to emails of the department for quick processing of their refunds.
Earlier this week, the I-T department had announced the extension of the deadline for tax saving investments/payments for the financial year 2019-20 to July 31.
I-T department amends tax challan to include non-resident e-commerce suppliers for equalisation levy
Its first instalment is due on July 7.The 2 per cent tax would be levied on consideration received by such companies from e-commerce supply or services.
Business entities having a turnover of more than Rs 1 crore (or Rs 2 crore if they have opted for presumptive taxation) have to comply with the tax audit requirements.
The government will also issue pending GST and customs refunds of Rs 18,000 crore to provide relief to business entities.
In the case of the telecom firm, the TDS default amounts to Rs 324 crore.
In his complaint, the tahsildar stated that the seven persons who got white ration cards, were found to have misappropriated the government schemes.
The Income Tax Department issued notices to the first/previous Telangana State Council of Ministers, who had held offices during the period of 2014 to 2018,
Income Tax department digs deep into MP’s high-profile honey trap racket to track trail of money and its sources
While Sweta Vijay Jain went through marathon six hours statements recording process on Monday, Arti Dayal spent an hour more before the probing IT sleuths on Tuesday.
In money terms, the income tax refunds have gone up by 27.2 per cent.
The Centralised Processing Centre (CPC) processed 4.70 crore tax returns between April and November 2019 as opposed to 3.91 crore returns being processed in the same period a year back.
Ongoing I-T raids might lead to hundreds of benami properties of rich and influential people in Bhopal
The IT raid sleuths at the premises of Bhopal-based premier builders Asnani Group and its business associates the three cities of MP and Karnataka have led to seizure of voluminous documents