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: ARTICLES ON INPUT TAX CREDIT IN VAT :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: list of goods taxed at 4% :: cpt :: VAT RATES :: articles on VAT and GST in India :: empanelment :: ACCOUNTING STANDARD :: TAX RATES - GOODS TAXABLE @ 4% :: Central Excise rule to resale the machines to a new company :: VAT Audit :: TDS :: ACCOUNTING STANDARDS :: form 3cd :: due date for vat payment
 
 
« Indirect Tax »
 GST may lead to better operating profit margin for multiplex operators
 Indirect taxes must equal direct taxes
  Income Tax dept issues notices to ‘farmers’ claiming suspect agricultural income
 GST would match or be lower than the multiple indirect taxes on real estate
 Tax incidence under GST lower than current indirect taxes
 Here's the complete list of pre-GST discounts being offered by companies
 Applicability of Explanation 2 to Section 132B of the I.T. Act, 1961- reg.
 Here’s all you need to know about TDS and why it is deducted
 New indirect tax regime
 Income tax rates, tax-free limit to stay unchanged
 Revised tax reform bill to benefit consumers

Income tax raids on diamond firms in Mumbai rocks Surat diamond industry
May, 06th 2014

The major operation by the investigation wing of the Mumbai Income Tax department on the diamond companies based at the Bharat Diamond Bourse (BDB) at Mumbai's Bandra-Kurla Complex (BKC) on Monday has rocked the world's biggest diamond cutting and polishing centre in Surat.

Around 17 companies are learnt to have been raided at the BDB by Mumbai's I-T department.

Sources said that the Mumbai I-T department has swooped down on more than 17 diamond companies located at BDB. The search and seizure operation was extended to the Mahidharpura diamond market in Surat where some of the diamond firms in Mumbai have their offices and units.

More than 60 I-T personnel along with the team of 100 police personnel swooped down at BDB in Mumbai on early Saturday morning. One of the diamond firm is believed to have declared Rs 11 crore and that the I-T officials have seized documents, cash and jewellery from the offices and residences of the diamantaires.

Official sources in Surat's I-T department said that the raid has been extended to Surat's Mahidharpura diamond market as well. Also, the residence and the offices of other diamantaires are likely to be searched in a day or two.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Website Ranking Website Ranking Company Website Positioning Alexa Ranking Website Promotion Website top 10 ranking website top 10 promotion search engine result promotion Strategic Internet Marketing Website Optimization Website Ranking Factors

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