Latest Expert Exchange Queries

GST Demo Service software link: https://ims.go2customer.com
Username: demouser Password: demopass
Get your inventory and invoicing software GST Ready from Binarysoft info@binarysoft.com
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) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
 
 
 
 
Popular Search: cpt :: due date for vat payment :: ACCOUNTING STANDARD :: VAT Audit :: VAT RATES :: ACCOUNTING STANDARDS :: TDS :: TAX RATES - GOODS TAXABLE @ 4% :: form 3cd :: empanelment :: ARTICLES ON INPUT TAX CREDIT IN VAT :: 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% :: articles on VAT and GST in India
 
 
« General »
 Advance tax payout by top cos grows just 2% in Sept quarter
 Why abolishing personal income tax may not be a good idea
 Questions about the GST cess
 How to prepare for the looming tax-extension deadline
 Income tax: Gratuity for employees raised to Rs 20 lakh; here is how you will benefit
 Haryana to set up scrutiny panel on GST benefits
 Waive certain taxes for companies in insolvency proceeding
 I-T department to appoint 7600 more tax return preparer scheme to cover entire country
 All eyes are on GST as Centre plans higher social pension
 Exporters demand total exemption from GST
 Here's what you must know to stay clear of taxman

Tax evaders admit to dodging Rs 860 cr in last fiscal
May, 22nd 2009

Search and seizure operations by the revenue authorities have forced tax evaders in the national capital to cave in and admit that they owe the government more than Rs 860 crore for the last fiscal.

According to an official report of the department, taxmen carried out search, seizure and survey operations in nearly 80 cases, including 30 major ones.

The department also seized jewellery worth Rs 12.93 crore and confiscated Rs 27.77 crore in cash from the offices and premises of individual and corporate taxpayers.

"The I-T department, in the last fiscal, also made the largest cash haul of Rs 14 crore from a single survey on a prominent guthka manufacturer of northern India," an official source said.

Those covered by these operations include real estate firms, infrastructure leasing and building companies, pan masala outfits and the retail business.

The department unearthed evaded tax of Rs 705 crore during operations on residential premises, while they stumbled on Rs 154 crore in surveys at offices and corporate headquarters.

The report also mentioned that the searches were carried out in the NCR, Uttar Pradesh, Maharashtra and Himachal Pradesh among others, the report said.

In its efforts to check tax evasion, the department for the time also deployed its technical arm with the setting up of its new forensic labs in the national capital and Mumbai.

"With the help of high-end software sourced from the Centre for Development of Advanced Computing, the department profiled the small and large taxpayers and scrutinised them for possible tax evasions. The 360 degree profiling done by the department also bore fruits this time," the source added.

The Central Information Branch (CIB) of the department also had routed all the servers for the profiling of taxpayers for the first time in the country.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Content Management System development CMS development Content Management Solutions CMS Solutions Content Management Services CMS Services CMS Software

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