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Rs 1,100 Crore Cash, Gold Seized During Elections, 3 Times More Than 2019
Over Rs 1,150 crore in cash and jewellery have been seized by the Income Tax Department, during the ongoing Lok Sabha elections, sources said on Friday. This marks an 182% increase compared to the Rs 390 crore seized during the last general elections
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How Tech Is Being Used To Find Hidden Gold After Massive Odisha Cash Haul
The cash seizure in the tax searches against an Odisha-based distillery company owned by Congress MP Dhiraj Kumar Sahu's family, reached Rs 353.5 crore on Sunday after five days of counting.
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Rs 94 Crore Cash, Jewellery Seized During Raids In 4 States: Tax Body
The Income Tax department has seized Rs 94 crore in cash as well as gold and diamond jewellery worth Rs 8 crore and 30 luxury watches following raids on government contractors and real estate developers in Karnataka and some other states.
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4 Pose As IT Officials, Steal 17 Gold Biscuits Worth Rs 60 Lakh: Police
Four people were arrested for allegedly posing as Income Tax officials and stealing gold biscuits worth Rs 60 lakh from a shop in Hyderabad, police said on Tuesday.
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Gang Posing As Tax Officials Loot 1.7 Kg Gold From Hyderabad Jewellery Shop
Four members of an inter-state gang, who allegedly posed as Income Tax department officials, and "decamped" with gold biscuits weighing 1,700 grams (1.7 kg) worth Rs 60 lakh from a gold shop here were arrested on Tuesday,
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Reports Of UP Trader's 52-Crore Tax Settlement "Speculative": Officials
The Directorate General of GST Intelligence on Thursday refuted rumours about its proposed handling of the Rs 197.49 crore cash and 23 kg of gold (worth an estimated Rs 11 crore) recovered last week during tax raids on UP businessman Piyush Jain.
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Rs 196 Crore, 23 Kg Gold Bars, 2 Cities: Week-Long Raid On UP Trader Ends
The tax raid against an Uttar Pradesh businessman, which shocked the country with visuals of heaps of currency notes and multiple machines deployed to count them, has finally ended a week after it began.
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Over 194 Crore Found In Raids On UP Businessman, Counting Still On
UP IT Raid, Piyush Jain: Tax raids on Uttar Pradesh businessman Piyush Jain, who is part of the perfume industry, have so far recovered Rs 194.45 crore in cash and 23 kg in gold, the Directorate General of GST Intelligence (DGGI) said Monday.
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Pot Of Gold? Cannabis Could Bring Germany $5 Billion A Year: Survey
Legalising cannabis could bring Germany annual tax revenues and cost savings of about 4.7 billion euros ($5.34 billion) and create 27,000 new jobs, a survey said on Tuesday as politicians thrash out rules for the budding sector.
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Government Considering Amnesty For Those With Unaccounted Gold: Report
The Finance Ministry is considering an amnesty program for residents with illicit stash of gold, as part of an effort to crack down on tax evasion and cut its dependence on imports, according to people with knowledge of the matter.
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Gold Tax Hike Fuels Smuggling Fears; May Hit Festival, Wedding Season
India, the world's biggest consumer of gold after China, increased the import tax on the precious metal for the first time since 2013, spurring domestic prices to a record. Shares of jewelers slumped.
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Over Rs 2 Crore Cash, Gold Seized Ahead Of Elections In Telangana
Telangana Police on Wednesday recovered a total of Rs 2.8 crores cash ahead of the elections in the state.
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In One Of Biggest Tax Recoveries, 170 Crore Seized In Tamil Nadu Raids
Tax raids on a road construction company in Tamil Nadu have led to one of the biggest recoveries in the country so far of illegal cash and gold. Nearly Rs 170 crore in cash and around 100 kg gold have been found at multiple places, officials said today.
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160 Crore Cash, 100 Kg Gold Seized In Raids On Tamil Nadu Contractor
In one of the biggest recoveries till date, the Income Tax Department yesterday found Rs 160-crore cash and about 100-kg bullion after raids at several premises of a road construction firm in Tamil Nadu, officials said.
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Import Duty On Gold May Be Cut In Forthcoming Budget, Says Report
India is the world's second biggest gold consumer after China. The import mainly takes care of the demand of the jewellery industry.
-
Rs 1,100 Crore Cash, Gold Seized During Elections, 3 Times More Than 2019
Over Rs 1,150 crore in cash and jewellery have been seized by the Income Tax Department, during the ongoing Lok Sabha elections, sources said on Friday. This marks an 182% increase compared to the Rs 390 crore seized during the last general elections
-
How Tech Is Being Used To Find Hidden Gold After Massive Odisha Cash Haul
The cash seizure in the tax searches against an Odisha-based distillery company owned by Congress MP Dhiraj Kumar Sahu's family, reached Rs 353.5 crore on Sunday after five days of counting.
-
Rs 94 Crore Cash, Jewellery Seized During Raids In 4 States: Tax Body
The Income Tax department has seized Rs 94 crore in cash as well as gold and diamond jewellery worth Rs 8 crore and 30 luxury watches following raids on government contractors and real estate developers in Karnataka and some other states.
-
4 Pose As IT Officials, Steal 17 Gold Biscuits Worth Rs 60 Lakh: Police
Four people were arrested for allegedly posing as Income Tax officials and stealing gold biscuits worth Rs 60 lakh from a shop in Hyderabad, police said on Tuesday.
-
Gang Posing As Tax Officials Loot 1.7 Kg Gold From Hyderabad Jewellery Shop
Four members of an inter-state gang, who allegedly posed as Income Tax department officials, and "decamped" with gold biscuits weighing 1,700 grams (1.7 kg) worth Rs 60 lakh from a gold shop here were arrested on Tuesday,
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Reports Of UP Trader's 52-Crore Tax Settlement "Speculative": Officials
The Directorate General of GST Intelligence on Thursday refuted rumours about its proposed handling of the Rs 197.49 crore cash and 23 kg of gold (worth an estimated Rs 11 crore) recovered last week during tax raids on UP businessman Piyush Jain.
-
Rs 196 Crore, 23 Kg Gold Bars, 2 Cities: Week-Long Raid On UP Trader Ends
The tax raid against an Uttar Pradesh businessman, which shocked the country with visuals of heaps of currency notes and multiple machines deployed to count them, has finally ended a week after it began.
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Over 194 Crore Found In Raids On UP Businessman, Counting Still On
UP IT Raid, Piyush Jain: Tax raids on Uttar Pradesh businessman Piyush Jain, who is part of the perfume industry, have so far recovered Rs 194.45 crore in cash and 23 kg in gold, the Directorate General of GST Intelligence (DGGI) said Monday.
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Pot Of Gold? Cannabis Could Bring Germany $5 Billion A Year: Survey
Legalising cannabis could bring Germany annual tax revenues and cost savings of about 4.7 billion euros ($5.34 billion) and create 27,000 new jobs, a survey said on Tuesday as politicians thrash out rules for the budding sector.
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Government Considering Amnesty For Those With Unaccounted Gold: Report
The Finance Ministry is considering an amnesty program for residents with illicit stash of gold, as part of an effort to crack down on tax evasion and cut its dependence on imports, according to people with knowledge of the matter.
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Gold Tax Hike Fuels Smuggling Fears; May Hit Festival, Wedding Season
India, the world's biggest consumer of gold after China, increased the import tax on the precious metal for the first time since 2013, spurring domestic prices to a record. Shares of jewelers slumped.
-
Over Rs 2 Crore Cash, Gold Seized Ahead Of Elections In Telangana
Telangana Police on Wednesday recovered a total of Rs 2.8 crores cash ahead of the elections in the state.
-
In One Of Biggest Tax Recoveries, 170 Crore Seized In Tamil Nadu Raids
Tax raids on a road construction company in Tamil Nadu have led to one of the biggest recoveries in the country so far of illegal cash and gold. Nearly Rs 170 crore in cash and around 100 kg gold have been found at multiple places, officials said today.
-
160 Crore Cash, 100 Kg Gold Seized In Raids On Tamil Nadu Contractor
In one of the biggest recoveries till date, the Income Tax Department yesterday found Rs 160-crore cash and about 100-kg bullion after raids at several premises of a road construction firm in Tamil Nadu, officials said.
-
Import Duty On Gold May Be Cut In Forthcoming Budget, Says Report
India is the world's second biggest gold consumer after China. The import mainly takes care of the demand of the jewellery industry.
