E-PaperTax Raid News
Raids in Hubballi spark fresh controversy in poll-bound Karnataka
A flying squad had conducted a raid on at least two locations in Hubballi late on Monday nightKarnataka chief minister H.D. Kumaraswamy and other senior ministers have been residing in Hubballi, about 410 km from Bengaluru
1 min read14 May 2019Income tax searches are impartial: Government tells Election Commission
The revenue department also urged the poll regulator to advise its officials to take immediate action if they come across instances of illicit money use in electionsThe opposition parties led by the Congress party have accused BJP led union government of misusing agencies
1 min read9 Apr 2019Racket linked to a political party busted in Madhya Pradesh: I-T department
The racket is involved in collection of unaccounted wealth, says income tax departmentThe department also says a part of the ₹281 crore that the racket had collected was sent to the headquarter of the political party
1 min read8 Apr 2019Income Tax raids on 50 locations of people linked to MP CM Kamal Nath
The I-T raids were conducted at Kamal Nath's OSD Praveen Kakkad's residence in Vijay Nagar and other places associated with himPraveen Kakkad was appointed OSD to Kamal Nath after the Congress-led government came to power in the state last year
1 min read7 Apr 2019Kannada film industry raids lead to seizure of ₹11-crore undisclosed assets: I-T dept
The raids also resulted in the admission of unaccounted income of about ₹109 crore by the accused, it said.
2 min read6 Jan 2019I-T raids on Deepak Fertilisers
Income tax department carrying out search and seizure operations in the company's office premises and plants since Thursday
1 min read16 Nov 2018I-T dept searches premises of media baron Raghav Bahl
A team of I-T sleuths raided Bahl's premises in Noida early morning and are looking for documents and other evidence related to a case of bogus long term capital gains (LTCG) received by various beneficiaries.
1 min read11 Oct 2018Ties between AIADMK, BJP hit a rough patch over income tax raids
I-T raids on offices of SPK group, whose director is a relative of CM Palaniswami, has raised eyebrows
2 min read18 Jul 2018I-T department targets cash hoarders, seizes Rs15 crore in 2 days
The tax department started its crackdown on cash hoarders amid a cash crunch reported in several states earlier this month
1 min read26 Apr 2018Income tax officials raid properties linked to wealthy Gupta family of South Africa
Income tax officials raided premises of the Gupta family at the centre of a corruption scandal involving South Africa's ex-president, Jacob Zuma, on suspicion they were bringing money to India
1 min read6 Mar 2018Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared