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Income-tax sources said more than Rs 5.5 crore unaccounted cash was seized during the raids, besides property documents and jewellery worth over Rs 89 crore.

Metros

Betting racket linked to Goa busted in Gurgaon

The I-T dept has recovered mini telephone exchanges, 27 mobile phones and dish antennas from the house.

31 Oct 2017 1:12 AM IST

The income tax department on Wednesday came out with draft notification for fresh registration of trusts who have carried out modification of their objects. (Photo: PTI)

Business

I-T dept issues draft notification for registration of trusts

The I-T department has now come out with draft notification to amend Rule 17A and Form 10A of the Act.

18 Oct 2017 4:24 PM IST

Income Tax officials conducted a raid at Tamil Nadu Chief Secretary Rammohan Raos residence in Chennais Anna Nagar on Wednesday. (Photo: PTI)

Business

I-T dept launches 'online chat' to answer taxpayers queries

An option has also been provided to the taxpayer for emailing entire chat to their ids for future reference.

18 Oct 2017 2:01 PM IST

India

AAP kept double accounts, concealed info, dodged tax authorities:...

Yadav and Prashant Bhushan, former AAP leaders, had questioned the funding of the AAP before they were ousted from the...

29 Nov 2017 12:58 PM IST

The entire racket was being run with an attempt to convert the black money in old notes into white. (Photo: PTI)

Business

I-T notices to 1.16 lakh for cash deposits of Rs 25 lakh post note ban

I-T officials said number of people prosecuted for violating I-T laws has more than doubled to 609 in April- September...

28 Nov 2017 1:48 PM IST

$The I-T department will launch full-fledged assessment proceedings from January next year against those assessees who have deposited \suspicious\ amounts of money in banks post-demonetisation, but have not filed their income tax returns till now. (Photo: AFP/Representational)$ Business

Black money: Taxmen to launch assessment of defaulters from Jan

CBDT has asked the taxman to finish the process of serving notices to such entities by December 31.

27 Nov 2017 8:53 PM IST

I-T deputy commissioner from Kochi Sajjive Balakrishnan at the IITF.

Metros

Tax official wins hearts with caricatures at IITF

Mr Balakrishnan, who is the deputy chairman of Kerala Cartoon Academy, said the people find it difficult to believe that...

27 Nov 2017 1:20 AM IST

Business

Govt sets up panel to review income tax laws

In 2016 Finance Minister Arun Jaitley also promised to lower corporate tax rate to 25 per cent in 5 years.

22 Nov 2017 7:55 PM IST

$The Income Tax Department will soon issue notices to those who have deposited \suspicious\ amounts of money in banks post-demonetisation and have not responded to taxmans preliminary communication. (Photo: PTI)$ Business