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: VAT Audit :: TAX RATES - GOODS TAXABLE @ 4% :: ARTICLES ON INPUT TAX CREDIT IN VAT :: TDS :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: due date for vat payment :: list of goods taxed at 4% :: ACCOUNTING STANDARDS :: articles on VAT and GST in India :: ACCOUNTING STANDARD :: empanelment :: cpt :: VAT RATES :: Central Excise rule to resale the machines to a new company :: form 3cd
 
 
« General »
 Slow tax growth reflects companies' GST troubles
 What is PAN card? Why is it important?
 Govt to cut down executive discretion on tax laws
 Businesses can start filing July returns on GSTN from August 5
 Are you earning abroad? Know the tax rules
 Attention last minute tax filers! Know about key changes made by govt this year
 Accounting relief for IndAS companies
 How you can reduce your tax to zero if you have income within Rs 10 lakh
 NRIs’ overseas bank info needed only for tax refund
 Non-performance: I-T dept transfers 245 commissioners
 Income Tax efiling: Tax implications resulting from clubbing of income

Income tax officials conduct raids on Chettinad group premises
June, 10th 2015

A day after former chairman of Chettinad group MAM Ramaswamy disowned his foster son MAMR Muthiah, income tax sleuths on Wednesday conducted raids on the groups' premises in Chennai, Mumbai, Hyderabad and Coimbatore in connection with alleged tax evasion.

Confirming the raids, income tax officials said the Chettinad group of companies had evaded tax payment for the past six years.

The raids were conducted at the residences and offices of the group chairman MAMR Muthiah (also called as Iyyappan) and other senior officials in Chennai, Mumbai, Hyderabad and Coimbatore.

A senior I-T officer said, "We are conducting raids based on a tipoff."

Sources said the I-T sleuths were conducting raids at 45 places, including offices of Chettinad Cements and other institutions belonging to the group.

Another I-T officer said, "We can come to a conclusion only after the raids. The officials have been collecting data relevant to the tax evasion for the past six years."

Meanwhile, an associate of MAM Ramaswamy said, "Iyya (MAM Ramaswamy) is at his house and is no way connected to the raids."

At a press meet held here on Tuesday, Ramaswamy announced his decision to disown his adopted son MAMR Muthiah. He also announced his decision to create trusts to secure family assets outside the Chettinad businesses under the supervision of his cousin and Spic promoter, A C Muthiah.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
SEO Services SEO LLC e-boost Search Engine Optimization Services Internet Marketing Services Website Placement Services On-site Webs

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