Income Tax And Central Excise Intelligence

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  Income Tax, Excise See Spike In Gold Sale In Tamil Nadu

  Income Tax and Central Excise Intelligence authorities today said they found discrepancies and a disproportionate spike in the sale of gold jewellery in Tamil Nadu after demonetisation of Rs 500 and Rs 1000 currency notes.

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  Income Tax, Excise Intelligence Raid Jewellery Outlets In Tamil Nadu

  Income Tax and Central Excise Intelligence sleuths are conducting raids at jewellery outlets across Tamil Nadu following information that there were heavy gold purchases after the demonetisation of high-value currencies.

• 'Polite letters' to service tax defaulters: Finance Ministry

  Service tax, customs and excise duty defaulters will get "polite letters" seeking information about their pending liability and any suspicious dealings carried out by them possibly with black money.

• I-T department detects unaccounted assets worth over Rs 1,400 crore

  Stepping up its effort to unearth black money, the Finance Ministry has detected unaccounted income and assets worth over Rs 1,400 crore during the first three months of this year.

• Tax officials dig out old cases to meet target; speed up probe

  Tax evaders beware! Old cases are being dug up and pending investigations expedited by issuing demand notices to defaulters. As the current fiscal year draws to a close, tax evasion is being tackled head on to meet the indirect tax collection target for 2012-13.

• Black money: Investigative agencies say real estate is top violator

  A major chunk of illegal funds and black money is being generated and routed in the real estate sector of the country.