Central Bank Of Direct Taxes
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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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Irregularities Worth Rs 1000 Crore Detected At Cooperative Banks In Karnataka: Tax Body
The Income-tax department has detected "bogus"expenditure and alleged financial irregularities worth Rs1,000 crore after it raided some cooperative banks in poll-bound Karnataka sometime ago, the CBDT (Central Board of Direct Taxes) said today.
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Rs 53-Crore Deposits Of Maharashtra-Based Cooperative Bank Seized
The Income Tax Department has frozen deposits worth over Rs 53 crore of an urban credit cooperative bank in Maharashtra after it found "glaring irregularities"in the opening of accounts in a recent raid, the CBDT said on Saturday.
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Income Tax Searches Conducted In Maharashtra's Urban Credit Cooperative Bank
The Income Tax Department carried out search and seizure operations at the headquarter and one of the branches of an Urban Credit Cooperative Bank located in Maharashtra and restrained Rs 53.72 crore, informed the Central Board of Direct Taxes (CBDT)
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Multi-Crore Fake Billing Racket Busted, Tax Officials Seize Stacks Of Cash
The Income Tax Department has busted a fake billing racket, involving bank officials, running into several hundred crores based on documents seized during its raids on Monday at 42 locations across Delhi-NCR, Haryana, Punjab, Uttarakhand and Goa, the Finance Ministry officials said today.
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Indo-Swiss Deal To Ease Data Sharing For Indian Accounts In Swiss Banks
In a move aimed at combating black money stashed abroad, India signed an agreement with Switzerland on Thursday that would allow automatic exchange of tax-related information from January 1 2018, the Central Board of Direct Taxes said.
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Suspicious Cash Depositors During Note Ban Drive Under Taxman's Lens
The Income Tax Department will soon issue notices to those who have deposited "suspicious" amounts of money in banks post-demonetisation, said Sushil Chandra, chairman, Central Board of Direct Taxes.
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No Questions To Be Asked On Deposits Up To Rs 2.5 Lakh, Confirms Tax Body
Providing clarity on scrutiny of deposits made in banks post demonetisation, I-T department today said no questions will be asked about deposits of up to Rs 2.5 lakh and only those accounts will be probed that do not match the tax returns.
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Blackmoney: Enforcement Directorate Scanner on Indians Named in HSBC List
Tightening the noose around Indians whose names figured in the 'stolen' Swiss HSBC bank black money list, the Enforcement Directorate has begun a preliminary investigation in these cases for an independent hawala and money laundering probe.
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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.
-
Irregularities Worth Rs 1000 Crore Detected At Cooperative Banks In Karnataka: Tax Body
The Income-tax department has detected "bogus"expenditure and alleged financial irregularities worth Rs1,000 crore after it raided some cooperative banks in poll-bound Karnataka sometime ago, the CBDT (Central Board of Direct Taxes) said today.
-
Rs 53-Crore Deposits Of Maharashtra-Based Cooperative Bank Seized
The Income Tax Department has frozen deposits worth over Rs 53 crore of an urban credit cooperative bank in Maharashtra after it found "glaring irregularities"in the opening of accounts in a recent raid, the CBDT said on Saturday.
-
Income Tax Searches Conducted In Maharashtra's Urban Credit Cooperative Bank
The Income Tax Department carried out search and seizure operations at the headquarter and one of the branches of an Urban Credit Cooperative Bank located in Maharashtra and restrained Rs 53.72 crore, informed the Central Board of Direct Taxes (CBDT)
-
Multi-Crore Fake Billing Racket Busted, Tax Officials Seize Stacks Of Cash
The Income Tax Department has busted a fake billing racket, involving bank officials, running into several hundred crores based on documents seized during its raids on Monday at 42 locations across Delhi-NCR, Haryana, Punjab, Uttarakhand and Goa, the Finance Ministry officials said today.
-
Indo-Swiss Deal To Ease Data Sharing For Indian Accounts In Swiss Banks
In a move aimed at combating black money stashed abroad, India signed an agreement with Switzerland on Thursday that would allow automatic exchange of tax-related information from January 1 2018, the Central Board of Direct Taxes said.
-
Suspicious Cash Depositors During Note Ban Drive Under Taxman's Lens
The Income Tax Department will soon issue notices to those who have deposited "suspicious" amounts of money in banks post-demonetisation, said Sushil Chandra, chairman, Central Board of Direct Taxes.
-
No Questions To Be Asked On Deposits Up To Rs 2.5 Lakh, Confirms Tax Body
Providing clarity on scrutiny of deposits made in banks post demonetisation, I-T department today said no questions will be asked about deposits of up to Rs 2.5 lakh and only those accounts will be probed that do not match the tax returns.
-
Blackmoney: Enforcement Directorate Scanner on Indians Named in HSBC List
Tightening the noose around Indians whose names figured in the 'stolen' Swiss HSBC bank black money list, the Enforcement Directorate has begun a preliminary investigation in these cases for an independent hawala and money laundering probe.
