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New Delhi: The Income Tax Department on Sunday said that it has conducted a search and seizure operation on a Pune and Thane based unicorn, and has found evidence of undisclosed income of Rs 224 crore. The I-T department found evidences of foreign funding and a hawala network of Mumbai and Thane based shell companies. […]
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New Delhi: Reforms undertaken by the government within the Income Tax department and the “strengthening” of the Indian economy are among the major factors that led to the highest-ever direct tax collections in the country, which stand at over Rs 13.63 lakh crore, CBDT Chairman J B Mohapatra has said. He said apprehensions about the […]
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Hyderabad: The Narsingi police seized Rs 1 crore cash suspected to be unaccounted from an Innova car during checking on Monday evening. According to the police, three persons were transporting the cash in the car and are suspected to have got the money after hacking into unclaimed bank accounts and later diverting it into personal […]
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Mumbai: The Income Tax Department has widened its tax evasion probe against actor Sonu Sood as it raided multiple premises in Mumbai, Nagpur and Jaipur on Friday, official sources said. The department had launched the action against the 48-year-old actor and some people linked to him on Wednesday and the action continued. The searches have […]
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Mumbai: For the second consecutive day, the Income Tax Department continued its ‘survey’ operations at the home of Bollywood actor Sonu Sood, official sources said here on Thursday. A team of IT sleuths swooped on the 48-year-old Sood’s Juhu home to carry out search operations to detect certain alleged financial irregularities. The IT department is […]
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Mumbai: The Income Tax Department is ‘surveying’ the Mumbai offices and home in the suburbs belonging to Bollywood actor Sonu Sood here on Wednesday, official sources said. Teams of IT sleuths began the operations since morning, though the reason behind the action is not immediately known. Sood had shot into prominence last year for arranging […]
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Hyderabad: A search and seizure operation carried out by the Income Tax (I-T) Department on the premises of a city-based real estate and infra company on June 6 found projection of false losses of approximately Rs. 1,200 crore, for which the assessees will have to pay tax. During the course of searches, it was found […]
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Hyderabad: Two people were duped by cyber fraudsters in separate cases in the city. In one case, a job aspirant, Shravan Kumar of Jubilee Hills, was duped of Rs 2 lakh by a woman who collected the money on the pretext of arranging a job in the Income Tax Department. According to Hyderabad Cybercrime officials, […]
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Modi goverment stuck to script and chose to fill long-vacant slots in the direct taxes czardom without obsessing over seniority or even rules related to retirement.
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The I-T department did not specify the financial year for the refunds. However, it is believed that the refunds are for tax returns filed for the 2019-20 fiscal.
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A day later, without naming the people or companies searched, the CBDT said the entities searched were mainly engaged in the business of production of motion pictures, direction of celebrities and other artists.
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The action was carried out on February 26 and a total of 20 premises in Tamil Nadu, Gujarat and Kolkata were searched and surveyed, it said.
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During the course of the search operation, hand written books, agreements and loose sheets revealing undisclosed cash transactions were seized
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Over 2.99 crore ITR-1 were filed till January 10 this year, lower than the 3.11 crore filed till September 10, 2019.
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Hyderabad Police Commissioner Anjani Kumar said on Tuesday around 8 pm, around 10-15 persons had reached Rao's house in Bowenpally posing as officials of the Income Tax department.
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An IT department source related to probe told IANS, "An I-T team is at Vadra's residence to record his statement in the Benami properties matter."
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A senior IT official, requesting anonymity told IANS, "There are no searches or raids but we are carrying out limited verification exercise at the offices of the Larsen and Toubro and Zee group as we had information that they had claimed bogus input tax credit."
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The government has extended the ITR filing deadline for individuals till January 10, and for companies till February 15
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The deadline to file Income Tax Returns (ITRs) by individual taxpayers for 2019-20 fiscal (Assessment Year 2020-21) ends on December 31, 2020, while the same for taxpayers whose accounts require to be audited is January 31, 2021.
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Those wanting to put an end to their tax disputes have to file an applications online before December 31 and they will be redressed by March 31, 2021.
