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.
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."
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.
According to officials, the raids were carried out on November 27 in the case of an IT SEZ developer, its former director and a prominent stainless-steel supplier at 16 premises.
New Delhi: Income Tax Department has seized Rs 62 crores cash from entry operator Sanjay Jain and his beneficiaries during raids, sources said. This is among the biggest cash seizures from Delhi-NCR post demonetisation. Raids are underway in 42 premises of Delhi-NCR, Punjab, Haryana, Uttarakhand and Goa, sources said. Sources added that as entry operator, […]
These instructions are guidelines to help the taxpayers for filling the particulars in Income-tax Return Form-1 for the Assessment Year 2020-21 relating to the Financial Year 2019-2020
