Search For "income tax"
100 crore demonetised currency seized in Kanpur
Updated : 8 years, 5 months ago IST
Kanpur (Uttar Pradesh) [India] January 17 (ANI): The Uttar Pradesh Police on Wednesday seized demonetised currency notes estimated to be worth Rs 100 crore in Kanpur.
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Delhi IT Dept raids U & I Vaults, seizes Rs 21 Cr
Updated : 8 years, 5 months ago IST
New Delhi [India], Jan 13 (ANI): The investigation wing of the Delhi Directorate of Income Tax on Friday raided premises of U& I Vaults Limited, and seized items worth Rs 21.2 crore.
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IT Dept reports significant hike in prosecutions against tax evaders
Updated : 8 years, 5 months ago IST
New Delhi [India], Jan 12 (ANI): In a bid to curb the black money menace in the country, the Income Tax (IT) Department on Friday reported that it has substantially increased criminal prosecution proceedings initiated in a large number of cases of tax offenders and evaders.
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Income Tax dept steps up actions under prohibition of Benami Act
Updated : 8 years, 5 months ago IST
New Delhi [India], Jan 11 (ANI): The Income Tax Department on Thursday stepped up actions under the prohibition of Benami Property Transactions Act (Benami Act), which provides provisional attachment and subsequent confiscation of benami properties, whether movable or immovable.
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IT dept. seizes Rs. 20 crore from Gutka manufacturer
Updated : 8 years, 5 months ago IST
New Delhi [India], Jam 11 (ANI): The Delhi Directorate of the Income Tax Department on Thursday seized Rs. 20 Crore, including bullion and jewelry from a safe deposit vaults named U & I Vaults Limited that belonged to a Gutkha manufacturer.
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Govt relaxes provisions for levying Minimum Alternate Tax
Updated : 8 years, 6 months ago IST
New Delhi [India], Jan 6 (ANI): In a bid to minimise the hardship faced by companies against whom an application for corporate insolvency resolution process has been admitted under the Insolvency and Bankruptcy Code, 2016, the Centre on Saturday announced a relaxation in the provisions relat
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Defence Ministry suspends business with arms dealer Sanjay Bhandari's firm
Updated : 8 years, 6 months ago IST
New Delhi [India], Jan 6 (ANI): Ministry of Defence suspended all the business dealing with arms dealer Sanjay Bhandari's firm Offset India Solutions for six months.
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CBI arrests IT officer for accepting bribe
Updated : 8 years, 6 months ago IST
Mumbai (Maharashtra) [India], Jan 3 (ANI): The Central Bureau of Investigation (CBI) on Wednesday arrested a Mumbai-based Income Tax officer for demanding and accepting a bribe of Rs 1 lakh from a person.
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CBDT signs three more APAs in Dec
Updated : 8 years, 6 months ago IST
New Delhi [India], Dec 29 (ANI): The Central Board of Direct Taxes (CBDT) has entered into three more Advance Pricing Agreements (APAs) in December 2017.
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Commercial, cooperative banks to be treated 'at par', asserts Jaitley
Updated : 8 years, 6 months ago IST
New Delhi [India], Dec 29 (ANI): Union Finance Minister Arun Jaitley on Friday said no income tax exemption would be provided to profit-making cooperative banks, adding that they should be treated at par with commercial banks, owing to their method of functioning.
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GB protesters end strike as government agrees to withdraw taxes
Updated : 8 years, 6 months ago IST
Gilgit-Baltistan [Pakistan], Dec 28 (ANI): Protesters opposing the illegal imposition of taxes by Islamabad on Wednesday agreed to end their march towards Gilgit city after reaching an agreement with the Gilgit-Baltistan (GB) government.
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ED seizes Rs 26.61 cr assets of Sanjay Bhandari
Updated : 8 years, 6 months ago IST
New Delhi[India], December 27 (ANI): The Enforcement Directorate has seized assets worth Rs.26.61 crore of alleged arms dealer Sanjay Bhandari and others for holding undisclosed assets abroad.
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