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#Income Tax

Cafe Coffee Day raid: Income Tax find Rs 650 crore concealed income
Since Thursday, the Income Tax Department raids on Cafe Coffee Day (CCD) retail chain and found Rs 650 crore concealed income from the documents seized. “ Documents seized from the search operations...
Income Tax Rules: Aadhaar-PAN Linking Mandatory From July 1 2017
The government has notified rules that require all assessees to mandatorily link their Aadhaar number with the Permanent Account Number (PAN) effective from July 1. Finance Minister Arun Jaitley...
Post Demonetisation: Rs 2,600 Cr Black Money Uncovered and Rs 393 Cr Seized by Tax Officials
After PM Modi's decision of banning high value currency on November 8, Central Board of Direct Taxes (CBDT) has uncovered concealed income of Rs 2,600 crore and has seized a total of Rs 393 crore...
PM Modi sent out a warning to tax evaders
Prime Minister Narendra Modi has for the first time sent out a warning to tax evaders, loud and clear in his 21 st “ Mann Ki Baat ” session. Modi cautioned tax-evaders and requested them to comply...
Income Tax Department suspects Rs 400 crore Tax Evasion on Capital Gains in Maharashtra
The Income Tax department has detected about 200 cases of bogus "long term capital gains" in Nagpur, Aurangabad and Nashik divisions of Maharashtra where tax of around Rs 400 crore was evaded. These...
Black Money Whitener: Income Tax Department Has Help Online
Perhaps for the first time in its history, the Income Tax department is looking to help tax offenders. A visit to the income tax department's website now shows a link that allows those willing to own...
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