Ministry of Finance Income Tax Department carried out search and survey action on 29.01.2021 in the cases of three leading businesses of Assam. The groups are engaged in construction, contracting and business of tea garden. The search and survey actions were carried out at 20 locations in Guwahati, Delhi, Gurugram, Kolkata, Siliguri Alipurduar, Tezpur and…...
Income Tax Department conducts searches in Kolkata
Ministry of Finance The Income Tax Department carried out search and seizure action on 29.01.2021 on the group based in Kolkata, engaged in the business of manufacturing of iron & steel and tea.The cases were developed based on the available data in the departmental database, analysis of their financial statements, on market intelligence and field…...
Income Tax Department conducts searches in Pune
Ministry of Finance The Income Tax Department carried out search and survey operations on 12.01.2021 in the cases of leading builders located in Borivali-Mira Road-Bhayander Area of Thane. The search action has resulted in seizure of unaccounted cash of Rs.10.16 crore. Total unaccounted income of earlier years detected during the search operation is Rs. 520.56…...
Income Tax Department conducts searches in Jaipur
Ministry of Finance The Income Tax Department carried out search and survey operations on 19.01.2021 in Jaipur on three groups, involving one jeweller and two real-estate colonizers and developers. Co-ordinated search operation was conducted at 20 premises and survey was conducted at 11 premises. One of the groups is a prominent builder, developer and colonizer…...
Income Tax Department conducts searches in Kolkata
Ministry of Finance The Income Tax Department carried out search and survey operations on 13.01.2021 on persons / entities engaged in the business of hotels, real estate, automobile, financing and wholesale trading of fruits etc. at Kolkata. The cases were developed on the basis of available data in the departmental database, analysis of their financial…...
CBDT launches e-portal for filing complaints regarding tax evasion/Benami Properties/Foreign Undisclosed Assets
Ministry of Finance Taking another step towards e-governance and encouraging participation of citizen as stakeholders in curbing tax evasion, the Central Board of Direct Taxes has launched an automated dedicated e-portal on the e-filing website of the Department to receive and process complaints of tax evasion, foreign undisclosed assets as well as complaints regarding benami…...
Income Tax Department conducts searches in Hyderabad
Ministry of Finance The Income Tax Department carried out a search and seizure action on 07.01.2021 based on investigation in income tax evasion using bogus sub-contractors/shell entities along with enquiries made relating to entities flagged for providing fake Input Tax credit. The search was carried out on a prominent civil contractor working in Telangana, generating…...
Income Tax Department conducts searches in Kolkata
Ministry of Finance The Income Tax Department carried out search and seizure action on three real estate and stock broking groups of Kolkata on 05.01.2021. The search operation was conducted based on the available data in the departmental database, analysis of their financial statements, on market intelligence and field enquiries. The search action has resulted…...
Extension of time limits for income tax returns
Ministry of Finance In view of the challenges faced by taxpayers in meeting the statutory and regulatory compliances due to the outbreak of COVID-19, the Government brought the Taxation and Other Laws (Relaxation of Certain Provisions) Ordinance, 2020 (‘the Ordinance’) on 31st March, 2020 which, inter alia, extended various time limits. The Ordinance has since been…...
Income Tax Department conducts searches in Delhi
Ministry of Finance The Income Tax Department carried out search and seizure action on a number of hawala operators engaged in the activity of routing and handling unaccounted cash in Delhi region. The search action has resulted in unearthing of incriminating evidences revealing various shell entities being used for raising 31bogus purchase/sale bills, and routing…...