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 …
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 …
Income Tax Raid: Cash Transactions Of 3000 Crores Detected, CBDT Gave A Big Statement Read More »
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 …
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 …
Income tax action against Oppo and Xiaomi group, raids on officials’ locations Read More »
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 …
Big News! Tax evasion of 200 crores revealed in IT raids at the house of SP leaders Read More »
The searches, so far, have resulted in the detection of undisclosed income of more than Rs. 1,000 crore. Unaccounted cash of Rs. 1.2 crore has been seized so far.
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.