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: VAT Audit :: Central Excise rule to resale the machines to a new company :: ARTICLES ON INPUT TAX CREDIT IN VAT :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: VAT RATES :: TAX RATES - GOODS TAXABLE @ 4% :: ACCOUNTING STANDARDS :: TDS :: empanelment :: articles on VAT and GST in India :: ACCOUNTING STANDARD :: due date for vat payment :: form 3cd :: cpt :: list of goods taxed at 4%
 
 
General »
 Top House tax writer suggests measures to mitigate the impact of the border tax
 Consumer goods distributors, wholesalers to bear the brunt of GST
 GST classification woes to continue
 There will be no tax on farm or agriculture income
 RBI, Income Tax Acts to be amended for electoral bonds, Jaitley says
  Clarifications on the Taxation and Investment Regime for Pradhan Mantri Garib Kalyan Yojana, 2016
 I-T zeroes in on Mumbai trader in first crackdown after demonetisation
  Tax queries answered by Dilip Lakhani, Senior Chartered Accountant
 Income Tax Department Failed To Unearth Black Money Despite Information
 Govt filing twice as many cases as private cos in Supreme Court
 Taxes under GST 'to increase a bit', says CBEC Chairman

I-T survey: Tax evasion Rs 18.5 cr unearthed
September, 04th 2009

A major income tax (I-T) survey that started on Tuesday evening at the premises of nine builders and five textile groups of the city has yielded Rs 18.50 crore of unaccounted money.

Over 15 teams of Surat I-T department have been carrying out this survey at the premises of these firms in Pal, Pandesara and Katargam since Tuesday.

The highest amount declared by a builder was Rs 5.75 crore, followed by another who disclosed Rs 1.5 crore.

While two disclosed Rs 90 lakh each, another two builders declared Rs 50 lakh each. One builder declared Rs 25 lakh. Sources within I-T department said all builder groups belong to Pal area of the city.

"We have recovered many unaccounted dealings from these builders. We still expect declaration of a large amount of undisclosed income," an I-T official said.

Of the textile groups, a weaving mill declared Rs 2 crore whereas a dyeing mill owner disclosed income of Rs 2.20 crore. Two dyeing-printing unit owners disclosed Rs 1.50 crore each, whereas the fifth group disclosed Rs 1 crore of undisclosed income during the survey.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Our Portfolio

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