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The man P Laxman Ram (45), a resident of Tamilnadu was carrying the cash in his bag when the GRP Secunderabad police caught him during checking at the railway station.
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New Tax Regime (Section 115BAC(1A)) Introduced in Finance Act 2023, Contrasts with Old Regime sans Exemptions
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The Income Tax Department Gathers Financial Transaction Data from Various Sources.
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The right-arm spinner hit the strides immediately sending down 10 dots and conceding only two fours in his spell.
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The I-T department conducted simultaneous searches on the residences of Majeed Khan, Chairman of the Kohinoor Group of Companies.
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The Appeal has been filed against the order of the Income Tax Tribunal allowing relief to the company on various disallowances and additions made by the Income Tax Department," Mahindra & Mahindra said in a filing.
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He added that "all knows that this particular move by the authorities (Income Tax) had political overtures and am surprised why you (media) are not looking into that aspect".
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The participants engaged in policy-oriented discussions on available best practices, sharing knowledge and expertise to explore innovative solutions in tax deduction, according to a statement.
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The court dismissed the application and the appeal, pointing out the importance of adhering to the law of limitation and expressing the need for government officials to act with due expedition.
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BCCI has paid Rs 1,159 crore income tax in the 2021-22 fiscal, 37 per cent higher than the previous year
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Beware, scamsters can pose as IT officers and target gullible people
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More than four crore income tax returns have been filed so far for fiscal 2022-23 and more than half of them have been processed leading to issuance of 80 lakh refunds, CBDT chairperson Nitin Gupta said
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Principal Chief Commissioner of Income Tax, Telangana and Andhra Pradesh, Mitali Madhusmita said monitoring of the returns filed has revealed several taxpayers having claimed refunds as high as 75 per cent to 90 per cent of the TDS deducted by the employer
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Gang posing as I-T officials, wearing fake identity cards barged into the shop at Pot Market in Secunderabad and robbed 1,700 grams gold bars worth Rs 60 lakh, by confining the workers, and fled
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The operation that began at the British Broadcasting Corporation (BBC) offices in Delhi and Mumbai around 11:30 am on Tuesday has clocked more than 45 hours now, officials said.
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"I would need to refer you to Indian authorities for the details of this search," State Department Spokesperson Ned Price said in a response to a question at the daily press briefing.
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Presenting her budget on February 1, 2023, Sitharaman said the new IT regime will be the default one but those tax payers wanting to continue with the old one can still do so.
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The budget was prepared giving priority to seven sectors, but the issues related to the states were not mentioned, he stated.
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About 20 teams of IT officials were conducting simultaneous searches at 18 locations in Gachibowli, Mindspace, Bachupalli, Chandanagar, Kokapet, Babukhan LakeFront villas and other places in Hyderabad.
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The I-T officials have again asked Ch Bhadra Reddy, younger son of Minister Malla Reddy and his relative M Rajasekhar, to present themselves for investigation on Wednesday.