« Top Headlines » Open DEMAT Account in 24 hrs  Income Tax Return Filing: 10 Mistakes To Avoid When Filing ITR For AY 2024-25  Old vs New Tax Regime: Who should move to the New Tax Regime from the old one?  Income Tax Calculator FY 2023-24: How To Know Your Tax Liability Online On IT Dept's Portal?  BackBack Income Tax Act amendment on cards on tax treatment of MSME dues  ITR-1, ITR-2, ITR-4 forms for FY 2023-24 available for e-filing. Check details here  Income tax slabs FY 2024-25: Experts share these 8 benefits for taxpayers in new income tax regime  How To File ITR Online - Step by Step Guide to Efile Income Tax Return, FY 2023-24 (AY 2024-25)  Old or new tax regime for TDS on salary? This post-election 2024 event will impact your tax planning  What Are 5 Heads Of Income Tax?  Income Tax Dept releases interim action plan for FY25 on tax collection, refund approvals   Income Tax Return: 5 lesser-known tax-saving tips from Section 80 «  Letter of Raju (To Satyam Board, SEBI & SE)... Tax reforms necessary for JNNURM funds: Civic chief... » Rs 1.1 crore seized in IT raid January, 08th 2009 The income tax raid on former Chamarajpet MLA R V Devaraj and his associates on Tuesday yielded rich dividends, with the sleuths recovering Rs 1.1 crore cash. The officials also unearthed a huge haul of documents pertaining to undervalued properties. Department sources said apart from Devaraj's house and office, the raids targeted his associates -- Loki alias Lokesh, and his four brothers Pune, Prabhu and Govindappa. "It was a long pending case and the sleuths had kept them under surveillance,'' an official said. Though all of them filed income tax returns, valuation of properties they held was shown as being much lesser than market value . "The raided persons have given an undertaking to declare the true property value and pay tax,'' the official added.