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: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: VAT RATES :: list of goods taxed at 4% :: VAT Audit :: TDS :: cpt :: ARTICLES ON INPUT TAX CREDIT IN VAT :: TAX RATES - GOODS TAXABLE @ 4% :: due date for vat payment :: empanelment :: form 3cd :: Central Excise rule to resale the machines to a new company :: ACCOUNTING STANDARDS :: articles on VAT and GST in India :: ACCOUNTING STANDARD
 
 
News Headlines »
 Govt to simplify income tax laws, sets up task force under taxman Arbind Modi to study overhaul
 Infosys to configure GST network for filing returns
 Save income tax through mutual fund investment. All you need to know
 Income tax returns (ITR): On sale of property, here is what you should know
 Section 35 of the Income-tax Act?
 Notification regarding extension of last date w.r.t submission of closing stock by dealer.
 Integrated Goods and Services Tax (IGST) Rules, 2017 (As on 15.11.2017)
 Central Goods and Services Tax (CGST) Rules,2017 (As on 15.11.2017)
  101st Constitution Amendment Act, 2016
 Pr. Commissioner Of Income Tax-6 Vs. Mccain Foods India Pvt. Ltd.
 Section 10 of the Income-tax Act, 1961

Taxman triples Mumbai searches in 05-06, seizes Rs 4,215 crore
July, 29th 2006
Income tax searches in commercial capital Mumbai has more than tripled within one year, from 11 to 39. While the city has naturally faced the maximum number of searches over the years, the sharp rise shows the income tax department has become quite vigorous off late.

The department seized Rs 4,215.31 crore in these searches, which is much higher than the Rs 604.17 crore seized in 04-05.

Ahmedabad is second in the tally, where the income tax department conducted 25 searches in 05-06, but the seizure amount was only Rs 18 crore in 05-06. The number of searches in the city has more or less been at about the same level in the previous two years also at 22, and 18.

The figures for Ahmedabad are higher than for Delhi and Kolkata, which witnessed 18 and 16 searches respectively in 05-06. While the searches in Delhi resulted in seizure of Rs 2,907 crores, those in Kolkata resulted in Rs 546.9 crore.

In the case of national capital, 10 searches were made in 04-05 resulting in seizure of Rs 1218.2 crore, while Kolkata saw 13 searches yielding a seizure amount of Rs 219.6 crore. The figures were furnished to Lok Sabha by the finance ministry in a written reply on Friday.

The finance ministry uses its power of search and survey to basically flush out those cases, where other means to recover unaccounted income fails to yield results. The investigation wing under the ministry conducted 3 searches and seized Rs 140.2 crore in the period under review in Chennai.
 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Portal Design Website Design Portal Designing Website Designing Web Design Professional Portal Design Professional Website Design Professional Web Design Portal Design India Website Design India Portal Designing India Website Designing India Web Design India Professional Portal Design India Professional Website Design India Chicago Professional Web Design New York Professional Web Design California Website Design Florida Website Design New Jersey Website Design Britain UK Website Design London Manchester Website Design

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