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 :: VAT Audit :: due date for vat payment :: ACCOUNTING STANDARDS :: TAX RATES - GOODS TAXABLE @ 4% :: form 3cd :: TDS :: list of goods taxed at 4% :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: articles on VAT and GST in India :: VAT RATES :: ACCOUNTING STANDARD :: empanelment :: cpt :: Central Excise rule to resale the machines to a new company
 
 
Indirect Tax »
 CBEC rechristened Central Board of Indirect Taxes and Customs
 Income tax department to challenge ITAT relief to Cairn Energy in HC
 5 crucial ways how doing business will be different under GST
 What is the lowdown on the Goods and Services Tax
 Ineligible Input Tax Credit Under Gst Regime
 What is GST, how is it different from now: Decoding the indirect tax regime
 Indirect tax collection can fall short of FY’17 target
 GST in last lap: What's in it for businesses, firms and most importantly, you?
 Indirect tax collection: All you want to know about stuck cases and rejected appeals
 Government achieves revised tax collection target
 Keep indirect taxes 'low, affordable' under GST

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