« 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 «  Short sales tax angle: CBDT wants system in place first... States should be given power to levy service tax... » I-T Deptt detects tax evasion of over Rs.100 crore during surveys February, 09th 2008 Income Tax Department had recently carried out a search operation against a group of Gurgaon engaged in development of real estate and running a private airline. On the basis of evidence collected during that search, surveys were subsequently conducted by the Department at 11 different locations in Delhi, Mumbai and Gurgaon on two leading groups of builders having close business connections and transactions with the group searched earlier. On the basis of evidence collected during these surveys, the two groups of builders admitted to unaccounted income of Rs.63 crore and Rs.31 crore, respectively. During the course of survey at another builders premises huge amount of cash was found. As a result, search was also conducted at the residence of its directors and cash amounting to Rs.2 crore was seized. This builder also admitted unaccounted income of Rs.10 crore. BSC/SS/GN-31/08