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Income Tax

  • Economy

    Rs 150 crore black money trail detected in tax raids on two Tamil Nadu business groups

    by Anuj Sharma July 31, 2022
    by Anuj Sharma July 31, 2022

    The Income Tax Department has detected unaccounted income exceeding Rs. 150 crore in search and seizure operations carried out against two Tamil Nadu business groups with premises in Madurai and …

  • Economy

    Rs 250 crore in black money detected in tax raid on Mumbai textile company

    by IN Bureau July 26, 2022
    by IN Bureau July 26, 2022

    <p> The Income Tax Department has detected a black money trail of over Rs 250 crore in a search and seizure operation on a group engaged in agro and textile …

  • Culture

    Superstar Thalaivar Rajinikanth honoured by Income-Tax Dept. as honest taxpayer

    by IN Bureau July 25, 2022
    by IN Bureau July 25, 2022

    <p> <strong>Setting an example for his fraternity members and all the others to follow, Rajinikanth the superstar from South, was honoured in Chennai by the Income Tax Department for paying …

  • Economy

    Leading Bengaluru pharma company in trouble for concealing Rs 1000 crore income to dodge tax

    by IN Bureau July 13, 2022
    by IN Bureau July 13, 2022

    <p> The Income Tax Department has detected that a leading Bengaluru-based pharmaceutical group has dodged tax to the tune of Rs 300 crore which it should have paid up, according …

  • Economy

    Rs 500 crore black money trail unearthed in tax raid on two top Bengaluru & Hyderabad real estate groups

    by IN Bureau July 11, 2022
    by IN Bureau July 11, 2022

    <p> THe Income Tax Department has detected a black money trail of over Rs 500 crore in search and seizure operations carried out on two leading real estate groups of …

  • Economy

    Tax raid on big pharma group in Delhi-NCR detects Rs 139 crore black money trail

    by IN Bureau July 8, 2022
    by IN Bureau July 8, 2022

    <p> The Income Tax Department has unearthed a black money trail to the tune Rs 139 crore in a search and seizure operation on a business group engaged in the …

  • World

    Vivo diverted Rs 62,476 crore to China to dodge taxes in India, says ED

    by IN Bureau July 8, 2022
    by IN Bureau July 8, 2022

    <p> The Enforcement Directorate (ED) said on Thursday that Chinese smartphone maker Vivo illegally transferred Rs 62,476 crore to China in order to avoid paying taxes in India. The amount …

  • Economy

    Income Tax Dept. unearths Rs 100 crore in black money from handicrafts exporter in Mumbai

    by IN Bureau June 22, 2022
    by IN Bureau June 22, 2022

    <p> The Income Tax Department has unearthed black money to the tune of Rs 100 crore and seized Rs 7.9 crore of unaccounted gold jewellery in a search and seizure …

  • Economy

    Tax raid on leading Tamil Nadu whisky manufacturer & hotel chain detects Rs 400 crore in black money

    by IN Bureau June 20, 2022
    by IN Bureau June 20, 2022

    <p> The Income Tax Department has detected black money to the tune of Rs 400 crore in a search and seizure operation carried out on a leading industrial group of …

  • Economy

    Tax raid on Kashmiri shawl exporter with UAE link detects luxury hotel & real estate bought with black money

    by IN Bureau June 17, 2022
    by IN Bureau June 17, 2022

    <p> THe Income Tax Department has unearthed a huge amount of unaccounted wealth from a leading manufacturer and seller of Pashmina, Kashmiri and Jamawar shawls who has made big black …

  • Economy

    Centre releases Rs 86,912 crore to states for meeting shortfall in tax collection

    by IN Bureau June 1, 2022
    by IN Bureau June 1, 2022

    <p> The central government on Tuesday released Rs 86,912 crore from its coffers to clear the entire amount of GST compensation payable to states up to May 31, 2022, according …

  • Economy

    ED seizes Rs 19.3 crore in raids on Jharkhand officials linked to MGNREGA fraud

    by IN Bureau May 7, 2022
    by IN Bureau May 7, 2022

    <p> The Enforcement Directorate (ED) has seized Rs 19.3 crore in hard cash in raids carried out at multiple locations in connection with the Jharkhand MGNREGA funds fraud case and …

  • Economy

    Rs 757 crore worth assets of Amway attached as ED alleges company running a pyramid fraud

    by IN Bureau April 18, 2022
    by IN Bureau April 18, 2022

    <p> Assets worth over Rs 757 crore belonging to direct-selling consumer goods company Amway India have been attached as the company has been “running a pyramid fraud in the guise …

  • Economy

    Rs 800 crore bogus expense, Rs 60 crore cash deal in real estate detected in tax raid on Hero MotoCorp

    by IN Bureau March 31, 2022
    by IN Bureau March 31, 2022

    <p> The Income Tax Department has found that two-wheeler auto giant Hero MotoCorp has shown more than Rs 800 crore as business expenditure in its books which has not been …

  • Economy

    Taxmen raid residence and offices of Hero MotoCorp CEO Pawan Munjal

    by IN Bureau March 24, 2022
    by IN Bureau March 24, 2022

    <p> The Income Tax Department carried out raids at the residence and offices of Hero MotoCorp Chairman Pawan Munjal and other top executives of the company in a case of …

  • Economy

    Rs 3,000 crore black money deals unearthed in tax raid on leading real estate group in Delhi & NCR

    by IN Bureau March 23, 2022
    by IN Bureau March 23, 2022

    <p> IN Bureau</p> <p> The Income Tax Department has unearthed a black money trail of to the tune of a whopping Rs 3,000 crore by a real estate group in …

  • Economy

    Rs 1,500 crore black money trail unearthed in tax raid on Pune & Thane based startup with Mauritius link

    by IN Bureau March 20, 2022
    by IN Bureau March 20, 2022

    <p> A search and seizure operation carried out by the Income Tax Department on a Pune and Thane based unicorn start-up group has revealed black money transactions to the tune …

  • Economy

    Income Tax raids on Mumbai cable operator, state govt official unearth black cash deals running into crores

    by IN Bureau March 18, 2022
    by IN Bureau March 18, 2022

    <p> Income Tax Department has detected huge black money transactions in a search operation on a cable operator of Mumbai and a Maharashtra State Govt employee.</p> <p> A total of …

  • Economy

    Four directors of Tamil Nadu firm arrested in Rs 1,100 crore Ponzi scam

    by IN Bureau March 7, 2022
    by IN Bureau March 7, 2022

    <p> The Enforcement Directorate (ED) arrested four Directors of Tamil Nadu’s Disc Assets Group in a money laundering case linked to cheating the public of a whopping Rs 1,100 crore …

  • Economy

    Income Tax Dept. unearths Rs 200 crore black money trail in raid on Mumbai contractors with global hawala links

    by IN Bureau March 4, 2022
    by IN Bureau March 4, 2022

    <p> The Income Tax Department has unearthed a black money trail to the tune of Rs 200 crore in search and seizure operations on leading contractors executing projects of Brihanmumbai …

  • Economy

    Rs 850 crore black money trail detected in tax raid on telecom giant’s premises in Delhi, Gurugram & Bengaluru

    by IN Bureau March 3, 2022
    by IN Bureau March 3, 2022

    <p> The Income Tax Department has detected a black money trail to the tune of a whopping Rs 850 crore in search and seizure operations on Chinese multinational telecom giant …

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