Undeclared Income
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"Undeclared Assets" Of Over Rs 9 Crore After Raids On Madhya Pradesh Group
The Income Tax Department has seized "undeclared assets" worth more than Rs 9 crore after it recently raided a Madhya Pradesh-based business group engaged in mining and manufacture of liquor, the CBDT said on Wednesday.
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Centre Has Intimidated Country Through Probe Agencies: Ashok Gehlot
Rajasthan Chief Minister Ashok Gehlot today said there is an undeclared emergency in the country and the Centre has intimidated the entire nation through ED, CBI and Income Tax Department.
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Income Tax Officials Raid Jayalalithaa's Chennai Home, Search Sasikala's Rooms
Days after raids at Jaya TV and family members of jailed AIADMK party leader VK Sasikala, income tax officials on Friday evening landed at former Tamil Nadu Chief Minister J Jayalalithaa's Poes Garden residence in Chennai.
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Rs 1,430 Crore In Undeclared Wealth Found In Raids On Sasikala, Jaya TV
Income Tax officials say they have found Rs 1,430 crore in undeclared income in raids on Jaya TV and family members of jailed AIADMK party leader VK Sasikala including brother VK Divakaran.
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Tax Officials Find 1,430 crore Undeclared Income From Sasikala Aides, Jaya TV
After days of multi-city searches, Income Tax officials have detected undisclosed income of Rs 1,430 crore in respect of ten assessee groups which included those linked to jailed AIADMK leader VK Sasikala, her family members and their associates, a top official said today.
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Taxmen To Snoop Social Networking Sites, Analyse Data To Trace Black Money
A photo of your shiny new luxury car on Instagram or a costly watch on Facebook may lead the taxman to your door as the tax department from next month will begin amassing virtual information to trace black money.
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Rs 1.75 Lakh Crore Under Scrutiny Post Notes Ban: PM Modi
Vowing to continue the crackdown on black money, Prime Minister Narendra Modi today said that over Rs 1.75 lakh crore deposited in banks post note-ban and more than 18 lakh people with disproportionate income are under government scrutiny.
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From Gold To Shell Companies: Inside The Tax Department's Hunt For Black Money
The Income Tax Department has launched a massive hunt for undeclared cash across the country post demonetisation.
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Double Benefit From PM Modi's Crackdown On 'Nameless' Properties, Say Experts
The practice of buying a property in the name of someone other than the buyer has been widely misused to buy real estate with undeclared income and with fake names and identities to avoid paying tax.
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Raids Detect Gujarat Chaiwallah-Turned-Financier's 600 Crore Black Assets
A man who started his life as a tea and snack vendor and ended up as one of the biggest financiers of Gujarat, has come under the scanner of Income Tax authorities, which have so far found Rs 600 crore of undeclared assets belonging to him and his family. Cash and jewellery worth Rs 10.5 crore so far have already been seized from his home and bank...
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Disclosed Black Money To Be Taxed At 50% Gets Closer To Being Law
The government's new proposal on how to tax black or undeclared money was cleared today by the Lok Sabha, where the government is in a majority. The bill must now be approved by the Rajya Sabha within 14 days. If not, it automatically becomes the law. The legislation has been introduced as the next step in the huge initiative launched earlier this ...
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The Taxman's Watching: Decoys At Jewellery Shops, Banks After Notes Ban
Decoys planted by the Income Tax department will be watching out at jewellery shops and banks for anyone trying to get multiple people to exchange their Rs 500 and Rs 1,000 notes, banned last week in Prime Minister Narendra Modi's unexpected move against undeclared wealth.
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Finance Ministry Declines To Share Black Money Assessment Reports
About Rs 65,250 crore of undeclared income has been declared under the recently concluded income Declaration Scheme, which provided an opportunity to people, who had not paid full taxes in the past, to come forward and declare their domestic undisclosed income and assets.
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Delhi Lawyer Surrenders Rs 125 Crore To Income Tax Department
A Delhi-based lawyer has declared unaccounted wealth worth Rs 125 crore to the Income Tax department after searches were carried out against him.
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Government's Auditor May Review Income Declaration Scheme, Not Individual Disclosures
As much as Rs 65,250 crore of undeclared assets were declared through 64,275 declarations through the one-time four-month compliance window provided under the Income Disclosure Scheme (IDS) that ended on September 30.
-
"Undeclared Assets" Of Over Rs 9 Crore After Raids On Madhya Pradesh Group
The Income Tax Department has seized "undeclared assets" worth more than Rs 9 crore after it recently raided a Madhya Pradesh-based business group engaged in mining and manufacture of liquor, the CBDT said on Wednesday.
-
Centre Has Intimidated Country Through Probe Agencies: Ashok Gehlot
Rajasthan Chief Minister Ashok Gehlot today said there is an undeclared emergency in the country and the Centre has intimidated the entire nation through ED, CBI and Income Tax Department.
-
Income Tax Officials Raid Jayalalithaa's Chennai Home, Search Sasikala's Rooms
Days after raids at Jaya TV and family members of jailed AIADMK party leader VK Sasikala, income tax officials on Friday evening landed at former Tamil Nadu Chief Minister J Jayalalithaa's Poes Garden residence in Chennai.
-
Rs 1,430 Crore In Undeclared Wealth Found In Raids On Sasikala, Jaya TV
Income Tax officials say they have found Rs 1,430 crore in undeclared income in raids on Jaya TV and family members of jailed AIADMK party leader VK Sasikala including brother VK Divakaran.
-
Tax Officials Find 1,430 crore Undeclared Income From Sasikala Aides, Jaya TV
After days of multi-city searches, Income Tax officials have detected undisclosed income of Rs 1,430 crore in respect of ten assessee groups which included those linked to jailed AIADMK leader VK Sasikala, her family members and their associates, a top official said today.
-
Taxmen To Snoop Social Networking Sites, Analyse Data To Trace Black Money
A photo of your shiny new luxury car on Instagram or a costly watch on Facebook may lead the taxman to your door as the tax department from next month will begin amassing virtual information to trace black money.
-
Rs 1.75 Lakh Crore Under Scrutiny Post Notes Ban: PM Modi
Vowing to continue the crackdown on black money, Prime Minister Narendra Modi today said that over Rs 1.75 lakh crore deposited in banks post note-ban and more than 18 lakh people with disproportionate income are under government scrutiny.
-
From Gold To Shell Companies: Inside The Tax Department's Hunt For Black Money
The Income Tax Department has launched a massive hunt for undeclared cash across the country post demonetisation.
-
Double Benefit From PM Modi's Crackdown On 'Nameless' Properties, Say Experts
The practice of buying a property in the name of someone other than the buyer has been widely misused to buy real estate with undeclared income and with fake names and identities to avoid paying tax.
-
Raids Detect Gujarat Chaiwallah-Turned-Financier's 600 Crore Black Assets
A man who started his life as a tea and snack vendor and ended up as one of the biggest financiers of Gujarat, has come under the scanner of Income Tax authorities, which have so far found Rs 600 crore of undeclared assets belonging to him and his family. Cash and jewellery worth Rs 10.5 crore so far have already been seized from his home and bank...
-
Disclosed Black Money To Be Taxed At 50% Gets Closer To Being Law
The government's new proposal on how to tax black or undeclared money was cleared today by the Lok Sabha, where the government is in a majority. The bill must now be approved by the Rajya Sabha within 14 days. If not, it automatically becomes the law. The legislation has been introduced as the next step in the huge initiative launched earlier this ...
-
The Taxman's Watching: Decoys At Jewellery Shops, Banks After Notes Ban
Decoys planted by the Income Tax department will be watching out at jewellery shops and banks for anyone trying to get multiple people to exchange their Rs 500 and Rs 1,000 notes, banned last week in Prime Minister Narendra Modi's unexpected move against undeclared wealth.
-
Finance Ministry Declines To Share Black Money Assessment Reports
About Rs 65,250 crore of undeclared income has been declared under the recently concluded income Declaration Scheme, which provided an opportunity to people, who had not paid full taxes in the past, to come forward and declare their domestic undisclosed income and assets.
-
Delhi Lawyer Surrenders Rs 125 Crore To Income Tax Department
A Delhi-based lawyer has declared unaccounted wealth worth Rs 125 crore to the Income Tax department after searches were carried out against him.
-
Government's Auditor May Review Income Declaration Scheme, Not Individual Disclosures
As much as Rs 65,250 crore of undeclared assets were declared through 64,275 declarations through the one-time four-month compliance window provided under the Income Disclosure Scheme (IDS) that ended on September 30.
