E-PaperUndisclosed Income News
Demonetisation: I-T dept unearths undisclosed income of Rs7,961 crore
Assets worth over Rs900 crore were seized and undisclosed income of Rs7,961 crore was admitted after income tax dept conducted searched on around 900 groups
1 min read18 Dec 2017Taxpayers should ask for warrant before allowing I-T search: revenue department
The taxpayers should inspect the warrant, confirm the identities of authorised income tax authorities mentioned on the warrant, says the revenue department
1 min read22 Sep 2017News in Numbers: Income tax searches unearth Rs71,941 crore in undisclosed income
In other news, under the National Rural Health Mission the unspent amount in 27 states increased from Rs7,375 crore in 2011-12 to Rs9,509 crore in 2015-16, CAG report pointed out
3 min read24 Jul 2017Rs5400 crore of undisclosed income detected after demonetisation: Jaitley
Arun Jaitley says RBI is verifying the exact amount that was deposited during the demonetisation period and the figure would be presented before the nation
4 min read11 Apr 2017Income tax dept has detected Rs16,200 crore black money: Arun Jaitley
About Rs8,000 crore of credits in the undisclosed foreign accounts of Indians, whose names were disclosed by ICIJ, have been detected, says Arun Jaitley in Rajya Sabha
1 min read7 Feb 2017Income tax department can reopen up to 10-year-old cases in big transactions
According to the memorandum of the Finance Bill 2017, the books of accounts of an assessee can be reopened by income tax department back till 2007
1 min read1 Feb 2017Income tax wing plans to hire external entities to trace tax evasion
Inviting proposals for firms interested in the mandate, income tax department said that it plans to select two entities for data analytics and one for business process management
2 min read27 Jan 2017Tax department detects undisclosed income of over Rs5,300 crore
Officials said the income tax officials has carried out 1,156 search, survey and enquiry operations and issued 5,184 notices after 8 November
1 min read9 Jan 2017Tax department detects Rs4,172 crore undisclosed income
New notes worth Rs105 crore have been seized by the income tax department
1 min read29 Dec 2016Man who never filed ITR declares Rs10 crore to income tax department
Raipur man allegedly made black money by purchasing gold at Rs48,000 per 10 grams on the night of 8 November when market rate for gold per 10 gram was only Rs32,000
1 min read22 Dec 2016Popular 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