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Rs 1,100 Crore Cash, Gold Seized During Elections, 3 Times More Than 2019
Over Rs 1,150 crore in cash and jewellery have been seized by the Income Tax Department, during the ongoing Lok Sabha elections, sources said on Friday. This marks an 182% increase compared to the Rs 390 crore seized during the last general elections
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How Tech Is Being Used To Find Hidden Gold After Massive Odisha Cash Haul
The cash seizure in the tax searches against an Odisha-based distillery company owned by Congress MP Dhiraj Kumar Sahu's family, reached Rs 353.5 crore on Sunday after five days of counting.
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Smuggled Gold Seizures Rise 43% To 2,000 Kg During April-September
Smuggled gold seizures have increased nearly 43 per cent to 2,000 kilogramme during April-September, with most of the yellow metal entering India through the land borders of Myanmar, Nepal and Bangladesh.
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Rs 94 Crore Cash, Jewellery Seized During Raids In 4 States: Tax Body
The Income Tax department has seized Rs 94 crore in cash as well as gold and diamond jewellery worth Rs 8 crore and 30 luxury watches following raids on government contractors and real estate developers in Karnataka and some other states.
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4 Pose As IT Officials, Steal 17 Gold Biscuits Worth Rs 60 Lakh: Police
Four people were arrested for allegedly posing as Income Tax officials and stealing gold biscuits worth Rs 60 lakh from a shop in Hyderabad, police said on Tuesday.
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Gang Posing As Tax Officials Loot 1.7 Kg Gold From Hyderabad Jewellery Shop
Four members of an inter-state gang, who allegedly posed as Income Tax department officials, and "decamped" with gold biscuits weighing 1,700 grams (1.7 kg) worth Rs 60 lakh from a gold shop here were arrested on Tuesday,
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Xbox Game Pass Is Finally Available at Retail in India: Report
Xbox Game Pass memberships are finally available to buy at retail. Digital codes for Xbox Game Pass Ultimate and PC Game Pass are now up for purchase from Amazon at MRP, granting access to hundreds of games, an EA Play membership, cloud gaming, and an Xbox Live Gold subscription for online multiplayer. Xbox Game Pass Ultimate is available at Rs. 49...
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Centre May Consider Gold For Capital Gains Tax: Report
India may look at the reclassification of certain assets, such as gold, for computation of capital gains tax, news website ET Now said today, citing sources.
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Bihar Income Tax Detects Rs 100 Crore "Unaccounted Income" In 5 Cities
The income tax department of Bihar today said it detected more than Rs 100-crore unaccounted transactions and Rs 12-crore stock in gold and diamond during a search and seizure action in five cities.
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Storing Gold At Home? Details On Limit, Taxes And Rules
With a metal of such high value, besides ensuring that gold is kept safely, it is crucial to look at the government rules related to it.
-
Platinum Imports Jump Record High As Refiners Take Advantage Of Tax Change
The platinum imports in September jumped multifold to a record high as refiners imported a large amount of gold containing small amounts of platinum but registered the purchases with customs as platinum alloy to avoid paying higher duties, government and industry officials told Reuters.
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Gold Import Tax Hike To Fuel Smuggling, Please Reconsider Decision: Industry Bodies
Jewellery and industry experts on Friday said the increase in import duty on gold to 15 per cent will fuel smuggling and urged the government to review the tariff rate on the yellow metal.
-
Carnage For Reliance, ONGC Shares After Hike In Fuel Export Duty And Windfall Tax
Reliance Industries and ONGC shares were hammered on Friday after thegovernment imposed export taxes on petrol, diesel and a windfall tax on domestic crude oil to boost internal supplies.
-
Centre Hikes Gold Import Tax To 12.5% As Rupee Hits Record Low
Gold Import Tax: India has raised its basic import duty on gold to 12.5% from 7.5%, the government said on Friday, as the world's second biggest consumer of the precious metal tries to dampen its demand and bring down the trade deficit.
-
Key Deliberations At GST Council Meet In 10 Points
The GST Council on Tuesday approved changes in tax rates on some goods and services while allowing states to issue an e-way bill for intra-state movement of gold and precious stones, officials said. It was the first day of the two-day meeting of the GST Council which is headed by Finance Minister Nirmala Sitharaman, and is going on in Chandigarh.
-
Rs 1,100 Crore Cash, Gold Seized During Elections, 3 Times More Than 2019
Over Rs 1,150 crore in cash and jewellery have been seized by the Income Tax Department, during the ongoing Lok Sabha elections, sources said on Friday. This marks an 182% increase compared to the Rs 390 crore seized during the last general elections
-
How Tech Is Being Used To Find Hidden Gold After Massive Odisha Cash Haul
The cash seizure in the tax searches against an Odisha-based distillery company owned by Congress MP Dhiraj Kumar Sahu's family, reached Rs 353.5 crore on Sunday after five days of counting.
-
Smuggled Gold Seizures Rise 43% To 2,000 Kg During April-September
Smuggled gold seizures have increased nearly 43 per cent to 2,000 kilogramme during April-September, with most of the yellow metal entering India through the land borders of Myanmar, Nepal and Bangladesh.
-
Rs 94 Crore Cash, Jewellery Seized During Raids In 4 States: Tax Body
The Income Tax department has seized Rs 94 crore in cash as well as gold and diamond jewellery worth Rs 8 crore and 30 luxury watches following raids on government contractors and real estate developers in Karnataka and some other states.
-
4 Pose As IT Officials, Steal 17 Gold Biscuits Worth Rs 60 Lakh: Police
Four people were arrested for allegedly posing as Income Tax officials and stealing gold biscuits worth Rs 60 lakh from a shop in Hyderabad, police said on Tuesday.
-
Gang Posing As Tax Officials Loot 1.7 Kg Gold From Hyderabad Jewellery Shop
Four members of an inter-state gang, who allegedly posed as Income Tax department officials, and "decamped" with gold biscuits weighing 1,700 grams (1.7 kg) worth Rs 60 lakh from a gold shop here were arrested on Tuesday,
-
Xbox Game Pass Is Finally Available at Retail in India: Report
Xbox Game Pass memberships are finally available to buy at retail. Digital codes for Xbox Game Pass Ultimate and PC Game Pass are now up for purchase from Amazon at MRP, granting access to hundreds of games, an EA Play membership, cloud gaming, and an Xbox Live Gold subscription for online multiplayer. Xbox Game Pass Ultimate is available at Rs. 49...
-
Centre May Consider Gold For Capital Gains Tax: Report
India may look at the reclassification of certain assets, such as gold, for computation of capital gains tax, news website ET Now said today, citing sources.
-
Bihar Income Tax Detects Rs 100 Crore "Unaccounted Income" In 5 Cities
The income tax department of Bihar today said it detected more than Rs 100-crore unaccounted transactions and Rs 12-crore stock in gold and diamond during a search and seizure action in five cities.
-
Storing Gold At Home? Details On Limit, Taxes And Rules
With a metal of such high value, besides ensuring that gold is kept safely, it is crucial to look at the government rules related to it.
-
Platinum Imports Jump Record High As Refiners Take Advantage Of Tax Change
The platinum imports in September jumped multifold to a record high as refiners imported a large amount of gold containing small amounts of platinum but registered the purchases with customs as platinum alloy to avoid paying higher duties, government and industry officials told Reuters.
-
Gold Import Tax Hike To Fuel Smuggling, Please Reconsider Decision: Industry Bodies
Jewellery and industry experts on Friday said the increase in import duty on gold to 15 per cent will fuel smuggling and urged the government to review the tariff rate on the yellow metal.
-
Carnage For Reliance, ONGC Shares After Hike In Fuel Export Duty And Windfall Tax
Reliance Industries and ONGC shares were hammered on Friday after thegovernment imposed export taxes on petrol, diesel and a windfall tax on domestic crude oil to boost internal supplies.
-
Centre Hikes Gold Import Tax To 12.5% As Rupee Hits Record Low
Gold Import Tax: India has raised its basic import duty on gold to 12.5% from 7.5%, the government said on Friday, as the world's second biggest consumer of the precious metal tries to dampen its demand and bring down the trade deficit.
-
Key Deliberations At GST Council Meet In 10 Points
The GST Council on Tuesday approved changes in tax rates on some goods and services while allowing states to issue an e-way bill for intra-state movement of gold and precious stones, officials said. It was the first day of the two-day meeting of the GST Council which is headed by Finance Minister Nirmala Sitharaman, and is going on in Chandigarh.
