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: form 3cd :: cpt :: 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 :: ACCOUNTING STANDARDS :: TAX RATES - GOODS TAXABLE @ 4% :: due date for vat payment :: list of goods taxed at 4% :: ARTICLES ON INPUT TAX CREDIT IN VAT :: ACCOUNTING STANDARD :: empanelment :: VAT Audit :: TDS :: VAT RATES
 
 
« News Headlines »
 Filing of online return for 4th quarter of 2016-17 — extension of period thereof
 CBDT simplifies ITR filing process from FY18
 Govt extends service tax return filing date to April 30
 No move to tax farm income, clarifies Arun Jaitley
 New board for indirect taxes to become operational from June 1
  9 changes that came into effect from April 1
 First time filing income tax? Here's all you need to know about Form 16 and Form 26AS
 New Opening Financial Controller Chartered Accountant (Manufacturing Plant) A Leading Company
 Income Tax Filing 2017: All you want to know about the single page ITR form SAHAJ
 How to benefit from investments in tax saving mutual funds
 60 per cent of income tax notices on fishy cash deposits returned

I-T raids unearth Rs 8 cr in Baruch, Ankleshwar
January, 23rd 2007

The Income Tax (I-T) department has detected an unaccounted money of Rs 8 crore from various industrial houses located in Bharuch and Ankleshwar, which is also called Golden Corridor due to rapid industrialisation in the region.

The I-T departments drive is still on and with some of the accounts, which were seized recently, are yet to be examined, the department estimates that the unaccounted amount is expected to touch Rs 15 crore figure.

Giving details about the drive to detect the unaccounted transactions, officials in the investigation department of the I-T, said that the I-T sleuths swooped on to around 31 premises in Bharuch and Ankleshwar and in the first phase premises of builders, transporters, architects, multiplex owners and brick manufacturers were searched and raided.

The department has so far detected the unaccounted money of Rs 8 crore and it has also seized cash of Rs 40 lakh, receipts of fixed deposits worth Rs 15 lakh and jewellery worth Rs 16 lakh.

The department has continued its drive and around 10 accounts are yet to be examined and scrutinised. Apart from the I-T evasion, if there is service tax evasion, the Central Excise Department will also carry out its own inspection. Sources also informed that there are chances of detecting service tax evasion also.

According to I-T officials, the department is likely to focus on major players having large amount of capital investments, in days to come.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Our Experience

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