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Undisclosed incomes of Rs 3,651 cr detected after note ban

The Income Tax department on Friday said it has detected over Rs 3,651 crore of undisclosed income while more than Rs 98 crore in new notes has been seized as part of its country-wide operations......

A day after I-T raids, TN chief secy replaced

Tamil Nadu Chief Secretary P Rama Mohana Rao was on Thursday replaced from the top post a day after income tax raided his house, office and other premises linked to his kin in connection with a......

At TN officer, son's premises, I-T officials find Rs 30 crore, 5 kg gold

Continuing its crackdown on black money post demonetisation, the Income Tax department on Wednesday searched 11 locations linked to Tamil Nadu Chief Secretary P Rama Mohana Rao, including his......

Crores in new currency seized from across country

Large amounts of cash in new currency were seized at different places in the country as raids by the police and Income Tax department continued on Friday too. In Mumbai, the police seized Rs 1.40......

20 fake accounts, Rs 60 crore found in I-T raid on Axis branch in Noida

On a trail of a jeweller who allegedly sold bullion worth Rs 600 crore, the Income Tax Department on Thursday unearthed Rs 60 crore from the accounts of 20 shell companies in a raid at an Axis......

Benami assets: I-T books 230 cases, attaches Rs 55 cr assets

The Income Tax department has registered over 230 cases and attached assets worth Rs 55 crore nationwide as part of its post demonetisation action under the newly enforced Benami Transactions Act.......

I-T to go easy on up to Rs 5 lakh deposits by 70+ people

The tax department will not carry out any further verification for cash deposits up to Rs 5 lakh made by people above 70 years of age post note ban, but the limit has been fixed at Rs 2.5 lakh for......

It's difficult to escape the taxman now!

With big data analyses, your investments, spends and big purchases are being tracked more closely now by the income tax department, warns Tinesh Bhasin.Illustration: Uttam Ghosh/Rediff.com With......

Use mobile apps to pay income-tax, apply for PAN

Aadhaar-based e-KYC facility would allow individuals or entities wanting to apply for PAN to verify details such as date of birth or address by way of biometric identification using thumb......

Treat honest taxpayers with dignity, taxmen told

The Central Board of Direct Taxes has urged the Income-Tax department to ensure enhanced accountability and probity in public dealings and see to it that honest and tax compliant people are treated......
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U.S. core capital goods orders fall; manufacturing recovery intact

By Lucia Mutikani WASHINGTON (Reuters) - New orders for key U.S.-made capital goods unexpectedly fell in January after three straight months of... ...

http://www.sify.com/finance/us-core-capital-goods-orders-fall-manufacturing-recovery-intact-news-economy-rc1uuOdaijhdg.html
PMO forced I-T department to reopen Govindaraj diary case, says Digvijaya Singh

The Congress on Sunday dared the Centre to probe the 'Govindaraj diary' issue and accused the Prime Minister's Office (PMO)of pressuring the Income... ...

http://www.deccanherald.com/content/598495/pmo-forced-t-department-reopen.html
I-T to crack down on Rs 3L plus cash transactions

As part of the intensification of fight against graft and black money, the income tax (I-T) department has clarified that cash payment in excess of... ...

http://www.mydigitalfc.com/news/i-t-crack-down-rs-3l-plus-cash-transactions-517
BJP corporator's kin held with junked notes of face value Rs

The Anti-Terrorist Squad of Rajasthan Police has arrested the brother of a BJP corporator with demonetised currency notes with face value of Rs... ...

http://www.business-standard.com/article/pti-stories/bjp-corporator-s-kin-held-with-junked-notes-of-face-value-rs-117022600644_1.html
BJP MP demands CBI probe

[India], Feb. 26 (ANI): Bharatiya Janata Party (BJP) MP P.C. Mohan has written a letter to the Central Bureau of Investigation (CBI) demanding a... ...

http://www.sify.com/news/diary-scam-bjp-mp-demands-cbi-probe-news-national-rc0nLecichcii.html

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