Diabytes
IT Deparment News
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87 notices issued, 42 assets worth crores attached under Benami Act. Watch the full segment for more details.
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The Income Tax department Monday said it has unearthed a black money racket of over Rs 1,550 crore and a maze of shell firms and entities, perpetrated by entry operators and hawala dealers in the wake of demonetisation.
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Share Bazar, Mandi Live, Aap Ka Bazar, First Trade, Big Debate etc.
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Reserve Bank has asked income tax assessees to pay their dues in advance for December quarter and has designated a total of 29 banks at which the payments can be done.
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The Income Tax department Wednesday surveyed some real estate players in the national capital region to check reports of alleged profiteering and tax evasion by these entities while converting the recently demonetised currency notes.
After serving a Rs 14,200-crore tax demand reminder to Vodafone in a long-running dispute, the Income-Tax Department today sought to play down the notice saying it was "part of a normal process".
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The British telecom major has disputed the tax demand over its acquisition of 67 percent stake in Hutchison, now called Vodafone India, arguing that no tax was due as the transaction was conducted offshore.
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