Tag: Income Tax Department
Delhi High Court Setback: Slapped Congress With Rs 1,800 Crore Bill
The recent developments surrounding the Congress party’s tax notice from the Income Tax Department have escalated into a significant political and legal battle. Following the rejection of its pleas by the Delhi High Court, the party finds itself embroiled in a contentious issue just ahead… Read More
Karnataka IT Raid Luxury Watches, Gold, And Over 100 Crore Unaccounted Cash From Govt. Contractors
On 12th October, the Income Tax Department launched an anti-corruption operation which ended on 15th October, during which, it raided 55 locations across Bengaluru and several cities in Telangana, Andhra Pradesh, and Delhi. The raids were carried out on properties related to some government contractors,… Read More
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BBC Tax Evasion: Income Tax Department Finally Crushes Bbc’s Pride
The Income Tax Department of India has landed a significant blow to the reputed British Broadcasting Corporation (BBC) in an episode that exposes the corporation’s noncompliance with tax laws. BBC, a media organization often regarded as the darling of the left, was compelled to admit… Read More
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Those Who Swindled Money Using NGO Donations As The Vehicle Get Letters From The Government
The second most populous country with a large middle class workforce is a positive aspect for the economy of India. The large workforce means large output, and the large population means large consumption. This makes the market luring and the government determined to build world… Read More
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‘EVIDENCE OF TAX AVOIDANCE AND DISCREPANCIES FOUND’: FINANCE MINISTRY ON I-T SURVEY AT BBC OFFICES
The Ministry of Finance has issued a statement detailing the survey done by the Income Tax department at the Delhi and Mumbai offices of the BBC. The survey, which started on 14th February, Tuesday, continued for 3 days and ended on Thursday evening. The survey… Read More
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BBC RAIDS: A LOOK INTO THE BROADCASTER’S LONG TRACK RECORD OF TAX AVOIDANCE AND UNSCRUPULOUS FINANCIAL PRACTICES IN THE UK
Several weeks after the Indian government blocked the BBC’s contentious documentary about Prime Minister Narendra Modi and the Gujarat riots of 2002, Indian tax authorities raided the BBC’s headquarters in New Delhi and Mumbai on Tuesday. The Income Tax department’s overnight and ongoing inspection of… Read More
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Income Tax Department Inaugurated Redressal Desk In Gujarat
Income Tax Departments introduced a redressal week for the tax payers of Gujarat, the highest tax payer state in India that pays about 11.8 % of tax among 6.5% of population. The redressal desk is for filing the grievance and difficulties in paying tax, while… Read More
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7 Lakh Tax Notices Sent To Those With Sizable Transactions
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ONLY 5.5% INDIAN EARNERS PAY INCOME TAX
