A group of accountants, auditors and tax practitioners is calling on the Bureau of Internal Revenue and the Department of Finance to extend the April 15 deadline of filing and payment of the annual income tax returns for last year for at least one month.
Income tax department has started issuing notices of reassessment of tax liability for FYs 2013-14, 2014-15 and 2015-16, said people aware of the development
Tamil Nadu: Income Tax Department is conducting raids & surveys at the properties of Tamil actor Vijay and producer Anbu Chezhiyan. Around 38 premises have been covered in the raid and Rs 65 crores have been recovered.
Income Tax Department is raiding 42 premises in Delhi-NCR, Uttarakhand, Haryana, Punjab & Goa of entry operator Sanjay Jain & his beneficiaries. Rs 2.37 crores cash & jewellery worth Rs 2.89 crores recovered. Searches underway. More details awaited: Sources
Income Tax Department today attached assets belonging to former CM J Jayalalithaa's aide Sasikala in Kodanad and Siruthavur areas of Tamil Nadu. Assets worth Rs 2000 crore frozen: Income Tax Department
Income Tax Department seized Rs 44 crore in cash, Rs 20 crore worth USD and 90 kgs of gold during search conducted on properties of 'White Lotus' owned by son of Wellness Guru, Kalki Bhagwan in Chennai, Hyderabad, Bengaluru, Chittoor and Kuppam.