Latest Expert Exchange Queries
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
Popular Search: VAT Audit :: ARTICLES ON INPUT TAX CREDIT IN VAT :: TAX RATES - GOODS TAXABLE @ 4% :: TDS :: ACCOUNTING STANDARDS :: articles on VAT and GST in India :: Central Excise rule to resale the machines to a new company :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: list of goods taxed at 4% :: ACCOUNTING STANDARD :: form 3cd :: due date for vat payment :: empanelment :: cpt :: VAT RATES
Indirect Tax »
 Income Tax dept to intensify anti-black money operations
 Applicability of TDS provisions of section 194-I of the Income-tax Act, 1961 on lump sum lease premium paid for acquisition of long term lease-regarding
 CBDT seeks monthly data of disposed I-T appeals
 Further indirect tax may be levied in 2017
 India has to make its own tax law
 Centre warns against criticism of GST network
 Indirect tax collection jumps 26% in April-September, direct tax 9%
 Indirect Tax collections up
 Thank you note from income tax department
 Tax dept scanning IDS disclosures filed through post
 Poor management cause of financial pressure on Centre

Income Tax department conducted search operation on GMR properties: Govt informs Parliament
December, 14th 2012

The government today informed Parliament that Income Tax department had conducted search operations on the GMR Group offices for alleged violation of tax laws.

"Following the search action, investigations have been undertaken, utilising the evidences gathered during the search proceedings," Minister of State for Finance S S Palanimanickam said in a written reply to the Rajya Sabha.

The amount of tax evaded, he said, would be "quantified after compilation of assessment or re-assessment of income".

The Hyderabad-based GMRBSE 0.00 % Group is an infrastructure enterprise active in airports, energy, highways and urban infrastructure sectors. The Group has built and are operating airports at Delhi and Hyderabad.

The Group also has a global presence in countries including Turkey, South Africa, Indonesia, and Singapore.

It was in the news recently following the decision of Male government to cancel GMR's deal to run the island nation's main airport and taking over the operations itself.

According to media reports, the I-T department had conducted search and seizure operations on GMR offices in Delhi, Mumbai, Bangalore and Hyderabad.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2016 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Application Management Solutions Application Management System Application Management Software System Application Management Development Application Management Software Development

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions