I-T found undisclosed income of Rs 6,799 cr in 2012

Reiterating that the drive against tax evasion was an ongoing process, the government today said searches conducted by the Income Tax department detected an undisclosed income of Rs 6,799 crore (Rs......

Govt seeks Rs 24.66 cr tax from LGT a/c holders

The government has sent notices to 18 Indians who have stashed away unaccounted money in Liechestein's LGT Bank, asking them to pay Rs 24.66 crore (Rs 246.6 million) as taxes. "Based on the......

Direct tax mop-up to be close to target: FinMin

The government informed the Rajya Sabha on Tuesday that direct tax collection during the just concluded fiscal has exceed the budget estimate and will be very close to the revised estimate of Rs......

49 lakh I-T refunds pending: Govt

The government on Tuesday said around 49 lakh cases of income tax refunds are pending with the revenue department. "The total number of pending refund returns (up to January 2010 is 49 lakh. The......