INCOME TAX RAID

Income Tax Raid Reveals: Funds Of Educational Trust Embezzled For Personal Benefit Of Promoters

Income Tax Raid Reveals: Funds Of Educational Trust Embezzled For Personal Benefit Of Promoters

The Income Tax Department, in its investigation, found that huge amounts of funds of an educational trust were embezzled for the personal benefit of its promoters. The group that owns this trust has many schools and colleges in the country and abroad. The Central Board of Direct Taxes (CBDT) on Thursday said that over 25 …

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Income Tax Raid: Cash Transactions Of 3000 Crores Detected, CBDT Gave A Big Statement

Income Tax Raid: Cash Transactions Of 3000 Crores Detected, CBDT Gave A Big Statement

The Income Tax department’s action against real estate conglomerate Omaxe on March 14 has now reportedly exposed unaccounted cash transactions of over Rs 3000 crore with customers. Income Tax officials shared this information on Tuesday. It is worth noting that Omaxe is one of the leading real estate developers in Delhi and NCR. The Central …

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Big Action: Income Tax Department Raids Unicorn Group, Undisclosed Income Of Rs 224 Crore Unearthed

Big Action: Income Tax Department Raids Unicorn Group, Undisclosed Income Of Rs 224 Crore Unearthed

The Central Board of Direct Taxes (CBDT) on Sunday said that the Income Tax Department has detected undisclosed income of around Rs 224 crore after the recent raids on unicorn start-up group based in Pune and Thane in Maharashtra. On March 9, searches were conducted at 23 premises in Maharashtra, Karnataka, Andhra Pradesh, Uttar Pradesh …

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Process Flow for Filing Audit Forms

Income tax action against Oppo and Xiaomi group, raids on officials’ locations

The Income Tax Department is taking major action against Chinese mobile company Oppo Group and Xiaomi Group. Several senior Income Tax officials raided the offices of Chinese mobile companies. According to sources, raids are going on at the locations of Gurgaon, Rewari in Mumbai, Delhi-NCR. Let us tell you that some time ago in many …

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INCOME TAX RAID

Big News! Tax evasion of 200 crores revealed in IT raids at the house of SP leaders

The Income Tax Department has raided the leaders of Samajwadi Party (SP) in Uttar Pradesh. A raid was conducted on Saturday morning at the house of leaders considered very close to Samajwadi Party (SP) President Akhilesh Yadav. These raids are going on in more than five places. According to Income Tax Department sources, there is …

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Income Tax Department Conducts Searches at Residence and Offices of Taapsee Pannu, Anurag Kashyap and Others

The Income Tax Department is carrying out search and survey operations which started on 03.03.2021 on two leading film production companies, a leading actress and two Talent Management companies in Mumbai. Search operation is being carried out at Mumbai, Pune, Delhi and Hyderabad. The group is mainly engaged in the business of Production of Motion Pictures, Web Series, acting, direction and talent Management of celebrities and other artists. A total of 28 premises are being covered in different locations which includes residences and offices.