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: ACCOUNTING STANDARD :: TAX RATES - GOODS TAXABLE @ 4% :: TDS :: ARTICLES ON INPUT TAX CREDIT IN VAT :: empanelment :: list of goods taxed at 4% :: ACCOUNTING STANDARDS :: due date for vat payment :: articles on VAT and GST in India :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: VAT Audit :: form 3cd :: Central Excise rule to resale the machines to a new company :: VAT RATES :: cpt
 
 
« General »
 Income Tax notification: Aadhaar-PAN linking must from July 1
 Filing ITR just got easier for salaried class with CBDT's one-page form
 Why consumers should welcome GST
 Retailers need to file single GST return every month
 Aadhaar is must for income tax returns if you have one; Here's how you can file it online
 Will it be a tax haven above the law?
 Your mutual fund investment tax efficient? Here are 3 steps to ensure utmost efficiency for your portfolio
 Finally a goods and services tax. But what lies ahead?
 Tax May Rise On Outbound M&As, Indian Mncs’ Investments
 Filing income tax return? Do remember to claim benefits on your reimbursements
 Banks will have a hard slog ahead to get GST-ready

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