Black Income

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  Analysing Swiss Bank Accounts Data Of Indians, Says Tax Body Chief

  Central Board of Direct Taxes Chairman Nitin Gupta said Income Tax Department will analyse bank accounts of Indian nationals and organisations it received from Swiss Bank and will take action under black money Act in case any tax evasion was found.

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  Over 40 Crores Of "Unaccounted" Income Detected After Raids On Bengal Firm

  The income tax department has detected alleged black income of more than Rs 40 crore after it recently raided a West Bengal-based group "controlled" by a person with an active political background, the CBDT said Tuesday.

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  Interim Stay On Show-Cause Notice To Anil Ambani Under Black Money Act To Continue: High Court

  The Bombay High Court today continued till further orders an interim stay on show-cause notice and penalty demand issued to industrialist Anil Ambani by the Income Tax department under the Black Money Act.

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  Rs 13,566 Crore Tax Demands Raised In 4 Years: Minister

  The income tax department raised tax demands amounting to Rs 13,566 crore during the last four financial years under the black money law to deal with undisclosed foreign income and assets, the government told Parliament on Monday.

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  Breather For Anil Ambani From Bombay High Court On Black Money Act Notice

  In a breather for Anil Ambani, the Bombay High Court on Monday directed the Income Tax department not to take any coercive action against him till November 17 on a show cause notice seeking to prosecute him under the Black Money Act.

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  Tax Department Seeks To Prosecute Anil Ambani For Alleged Tax Evasion

  The income tax department has sought to prosecute Reliance Group Chairman Anil Ambani under the Black Money Act for allegedly evading Rs 420 crore in taxes on undisclosed funds worth more than Rs 814 crore held in two Swiss bank accounts.

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  Over Rs 150 Crore Unaccounted Income Found In Tax Raids At Hospitals In Delhi, Haryana

  The Income-tax department has detected black income of more than Rs 150 crore after it raided several business groups who run hospitals in Haryana and Delhi-NCR, the Central Board of Direct Taxes said Wednesday.

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  Rs 500 Crore Black Income Found In Tax Raids On 2 Tamil Nadu Groups

  The Income Tax Department has detected "undisclosed" income of more than Rs 500 crore after it recently raided two Tamil Nadu-based business groups engaged in real estate advertising and civil contracts, the CBDT said Tuesday.

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  Rs 200 Crore Black Income Detected After Raids On Kerala Quarry Operators

  The Income Tax Department has detected unaccounted income of Rs 200 crore after it recently raided two Kerala-based quarry operators, the Central Board of Direct Taxes said on Monday.

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  Tax Department Detects Rs 300 Crore Black Money After Raids On 2 Rajasthan Groups

  The Income Tax Department has detected unaccounted income totalling Rs 300 crore after it raided two Rajasthan-based groups engaged in the business of electrical goods manufacture and money lending respectively, the CBDT said on Tuesday.

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  Tax Department Detects Rs 125 Crore Black Money After Raids On 2 Bengal Groups

  The Income Tax Department has detected unaccounted income of over Rs 125 crore after it raided premises of two Asansol-based groups engaged in manufacturing steel and iron products among others, the CBDT said on Tuesday.

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  Rs 500 Crore Black Income Detected After Raids On Jaipur Jewellery Group

  The Income Tax Department has detected undisclosed income of more than Rs 500 crore after it recently raided a Jaipur-based group engaged in manufacturing and export of jewellery and coloured gemstones, the CBDT said on Wednesday.

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  Income Tax Raid On Gujarat Gutka Group Unearths Rs 100 Crore Black Money

  The Income Tax Department has detected unaccounted income of more than Rs 100 crore after it recently raided a Gujarat-based gutka distributor, the CBDT said on Tuesday.

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  Rs 100-Crore Black Income After Income Tax Raids On Gujarat Group

  The Income Tax Department has detected Rs 100 crore unaccounted income after it recently raided a Gujarat company engaged in manufacturing of chemicals and in real estate, the CBDT said on Sunday.

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  Rs 200 Crore Black Income Found During Income Tax Raids On Kolkata Group

  The Income Tax Department has detected unaccounted income of about Rs 200 crore after it recently raided a Kolkata group engaged in cement manufacturing and real estate, the CBDT said in a statement.