« Top Headlines » Open DEMAT Account in 24 hrs  ITR filing deadline extension now demanded by this Tax Bar Association due to many issues including technical glitches with ITR portal  GST Rule Changes for FY 2025 26  Income tax return filing 2025: Five ITR mistakes that can trigger an income tax notice in 2025  ITR filing What is updated income tax return and ITR U Who can file & what you can t change - top points to know  Shifted to new tax regime? Here are 5 investments you shouldn't drop  Auditing and Assurance Standards Board Expert Panel for addressing queries related to Statutory Audit pertaining to auditing aspects. «  Bonus or dividend, don't forget tax in the end... No hope of escaping entertainment tax on that show fashioned... » IT dept unearths income worth Rs 2.5 cr November, 30th 2007 Income Tax sleuths conducted raids at two city-based retail garment stores and discovered an undisclosed income of Rs 2.5 crore, besides recovering unaccounted cash of over Rs 50 lakh. The raids at retail garment outlets housed in eleven premises were conducted yesterday by the Investigation Wing of the IT department, official sources said. The department has also sealed few bank lockers of the two parties during this operation, they said. During the preliminary investigation, department found that these stores were allegedly indulged in suppressing the actual sales in a bid to evade tax, they said, adding the outlets were allegedly not reflecting the actual sales. The department was expecting that the quantum of unaccounted income to go up manifold as the search operation would continue during next couple of days.