Need Tally
for Clients?

Contact Us! Here

  Tally Auditor

License (Renewal)
  Tally Gold

License Renewal

  Tally Silver

License Renewal
  Tally Silver

New Licence
  Tally Gold

New Licence
 
Open DEMAT Account with in 24 Hrs and start investing now!
« General »
Open DEMAT Account in 24 hrs
 New tax regime vs old tax regime: What's point at which tax outgo is the same in both regimes? Check salary and deduction levels
 Advance Tax Paid, Do You Still Need To File ITR? Check Details Here
 Centre seen to have met FY24 gross tax target
 6 income tax rules that salaried should know as financial year 2024-25 starts from today
 How to calculate income tax on stock market gains along with your salary?
 Moonlighting for Additional Income? Know Its Tax Implications
 Have you claimed education cess? Be prepared to pay tax as per the new rules
 Reserve Bank - Integrated Ombudsman Scheme, 2021 (RBIOS, 2021)
 How is tax computed for selling a house?
 How much tax do you pay on equity investments?
 Fuel taxes: Centre s gains striking since FY16

Raids detect tax evasion of Rs 7.15 crore
February, 20th 2010

Following the assessment of commercial establishments conducted on Thursday, income tax department found evasion of around Rs 7.15 crore. Officials had seized the documents from the complexes and found the traders guilty of tax evasion.

The officials said Rs 3.20 crore was the undisclosed property of Dr Balwinder Walia, Rs 80 lakh of Khushi Ram, around 20 lakh of Dr Parminder Singhs clinic, Rs 90 lakh of Raghav Hosiery, Rs 1.10 crore of Khanna Knitwears and Rs 80 lakh was the undisclosed property of Rana Chawla.

Additional commissioner of income tax department KJ Singh said the survey helped them uncover undeclared assets of around Rs 7.15 crore.

In another development, Direct Investigation wing conducted a raid on the premises of Kangaroo Group of Companies located at Focal Point and industrial area. Over 100 officials were still carrying on the raid and so refused to divulge any figures, sources added.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2024 CAinINDIA All Right Reserved.
Designed and Developed by Ritz Consulting