Direct Taxes

Taxmen Recover Rs 3 Crore Cash In Raids At Tamil Nadu Contractors

India News | ANI | Friday March 5, 2021

The Income Tax Department on Wednesday carried out search and seizure operations on two groups of civil contractors in Southern Tamil Nadu, informed the Central Board for Direct Taxes (CBDT) on Thursday.

Rs 400 Crore In Black Money Detected After Raids On Hyderabad-Based Firm

India News | Pres Trust of India | Monday March 1, 2021

The Income Tax Department has detected "unaccounted" income of about Rs 400 crore after raids on a major pharmaceutical group based in Hyderabad, the Central Board of Direct Taxes (CBDT) said on Monday.

Tax Body CBDT Chief Pramod Chandra Mody's Term Extended For 3 Months

India News | ANI | Sunday February 28, 2021

The re-appointment of Pramod Chandra Mody as Chairman of the Central Board of Direct Taxes (CBDT) has been extended for a further period of three months, Centre said today.

Rs 220 Crore In Black Money Detected After Raids On Chennai-Based Company

India News | Press Trust of India | Monday March 1, 2021

The Income Tax Department has detected undisclosed income of about Rs 220 crore after it raided a leading tiles and sanitaryware manufacturer based in Chennai, the Central Board of Direct Taxes (CBDT) said.

Rs 335 Crore Black Money Found After Raids On Pune Tobacco Group

Pune News | Press Trust of India | Monday February 22, 2021

The Income Tax Department has detected about Rs 335 crore undisclosed income after it raided a Pune-based business group engaged in packaging and sale of tobacco products and related items, the Central Board of Direct Taxes said on Monday.

Over Rs 160 Crore Undisclosed Income Detected During Raid On Andhra Firm

India News | Press Trust of India | Thursday February 18, 2021

The Income Tax Department detected undisclosed income of over Rs 160 crore after it raided an Andhra Pradesh-based company engaged in financing and distribution of films and some other businesses, the Central Board of Direct Taxes (CBDT) said on Thursday.

Over Rs 870 Crore Black Money Detected After Raids On Bengaluru Company

India News | Press Trust of India | Thursday February 11, 2021

The Income Tax Department has detected undisclosed income of over Rs 870 crore after it raided a "major" Bengaluru-based liquor manufacturing group, the Central Board of Direct Taxes (CBDT) said on Thursday.

Tax Officials Detect Rupees 300-Crore Black Money After Raids On Kolkata Groups

India News | Press Trust of India | Wednesday February 10, 2021

The Income Tax Department has detected undisclosed income of about Rs 300 crore after it raided some Kolkata-based entities engaged pharmaceuticals, and diagnostic and hospital services, the Central Board of Direct Taxes said on Wednesday.

Undisclosed Income Of Rs 520 Crore Detected After Raids In Maharashtra's Thane

India News | Press Trust of India | Thursday January 21, 2021

The Income Tax Department detected undisclosed income of over Rs 520 crore after it raided "leading" builders based in Maharashtra's Thane district, the Central Board of Direct Taxes said today.

Extended Deadline For Filing Income Tax Returns Ends Today

Business | Edited by Peter Noronha | Sunday January 10, 2021

The government has also extended the due date for filing declaration under the direct tax dispute resolution scheme Vivad Se Vishwas by a month till January 31, 2021.

Undisclosed Income Worth Rs 365 Crore Detected After Raids In Kolkata

India News | Press Trust of India | Friday January 8, 2021

The Income Tax Department has detected undisclosed income of Rs 365 crore after it raided three real estate and stock broking groups based in Kolkata, the Central Board of Direct Taxes (CBDT) said on Friday.

Income Tax Body Detects Suspect Transactions Of Rs 300 Crore In Delhi

India News | Press Trust of India | Tuesday December 29, 2020

The Income Tax department raided a number of hawala operators in Delhi and detected suspect transactions worth Rs 300 crore, the Central Board of Direct Taxes (CBDT) said today.

Tax Department Carries Out Search Operations Against Three Companies Across 14 Locations

India News | ANI | Sunday December 27, 2020

The Income Tax department has conducted search operations against three leading companies in 14 locations, the Central Board of Direct Taxes (CBDT) said on Friday.

Income Tax Raids On Odisha Group Leads To Rs 170 Crore Black Income

India News | Press Trust of India | Tuesday December 8, 2020

The raids conducted by the Income Tax department against an Odisha-based group involved in manufacturing and trading of steel products has led to the detection of about Rs 170 crore black income and presence of bogus directors who are actually gullible daily wage earners, the Central Board of Direct Taxes (CBDT) said on Tuesday.

Taxman Issued Refund Of Over Rs 1.40 Lakh Crore Since April

Business | Asian News International | Wednesday December 2, 2020

As per the IT Department, Income Tax refunds of Rs 38,105 crores have been issued in 57,68,926 cases and corporate tax refunds of Rs 1,02,105 crores have been issued in 1,99,165 cases.