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Income-tax department

Income-tax department

The Income Tax Department is a government agency undertaking direct tax collection of the Government of India. It functions under the Department of Revenue of the Ministry of Finance.

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Income Tax raids at Gurugram-based real estate company, seizes incriminating documents, foreign currencies
National

Income Tax raids at Gurugram-based real estate company, seizes incriminating documents, foreign currencies

Income Tax Department on Thursday initiated searches in the case of a Gurugram-based real estate company, its promoters, directors and other group companies, covering a total of 20 premises, informed an official statement by the Ministry of Finance.

I-T uncovers Rs 335 cr undisclosed income during raid on Pune-based tobacco group
National

I-T uncovers Rs 335 cr undisclosed income during raid on Pune-based tobacco group

The Income Tax Department on February 17 carried out search and seizure operations on a Pune-based tobacco group at 34 locations across Maharashtra, wherein it detected Rs 335 crores of undisclosed income and seized Rs 1 crore of unaccounted cash.

IT conducts raid at private multi-speciality hospital in Srinagar
National

IT conducts raid at private multi-speciality hospital in Srinagar

The Income-Tax Department conducted a search and seizure operation on February 19, on a group running the biggest private multi-speciality hospital in Srinagar, the IT department informed on Sunday.

Income tax dept recovers Rs 300 crore during search operation in Kolkata
National

Income tax dept recovers Rs 300 crore during search operation in Kolkata

Income Tax Department carried out search and seizure action on various groups based in Kolkata, engaged in the business of Pharmaceutical manufacturing, diagnostic services and hospitals, the Union Finance Ministry said on Wednesday.

Heavy security deployment at Karnataka-Tamil Nadu border ahead of Sasikala's arrival
National

Heavy security deployment at Karnataka-Tamil Nadu border ahead of Sasikala's arrival

Heavy security deployed at Karnataka-Tamil Nadu border in Hosur on Monday morning ahead of the arrival of former All India Anna Dravida Munnetra Kazhagam (AIADMK) leader VK Sasikala in Tamil Nadu from Bengaluru.

Sasikala heads to Tamil Nadu after completing COVID-19 quarantine in Bengaluru
National

Sasikala heads to Tamil Nadu after completing COVID-19 quarantine in Bengaluru

Former All India Anna Dravida Munnetra Kazhagam (AIADMK) leader VK Sasikala on Monday morning left for Tamil Nadu from the Bengaluru hotel she was staying in after being discharged from hospital.

Income Tax dept conducts searches in Assam
National

Income Tax dept conducts searches in Assam

Income Tax Department carried out search and survey action on January 29 in cases that involve three leading businesses of Assam, according to a release by the Central Board of Direct Taxes.

Kolkata-based group concealed Rs 309 crore income, says I-T dept
National

Kolkata-based group concealed Rs 309 crore income, says I-T dept

The Income Tax Department on Friday carried out search and seizure action on a Kolkata-based group engaged in the business of manufacturing iron, steel and tea, said a finance ministry statement.

Experts do not expect any major income tax relief in Budget
Business

Experts do not expect any major income tax relief in Budget

Salaried class or middle class might be disappointed from the Union Budget, which Finance Minister Nirmala Sitharaman is going to present on February 1 as the government is likely to leave income tax slabs untouched.

I-T dept seizes 4.7 kg gold bullion from evangelist Dhinakaran's residence
National

I-T dept seizes 4.7 kg gold bullion from evangelist Dhinakaran's residence

Income Tax Department concluded the search at properties across Tamil Nadu belonging to evangelist Paul Dhinakaran on Friday and seized 4.7 kilograms of gold bullion from his Coimbatore residence, said sources.

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