« Top Headlines » Open DEMAT Account in 24 hrs  ITR Filing 2025: These individuals are exempt from paying tax. Do they need to file returns?  Full List Of Trump's Reciprocal Tariffs Announced Wednesday  Top 5 tax-saving investment options for salaried individuals to consider before March 31, 2025  5 lesser lesser-known avenues of tax saving you can use to save income tax before March 31, 2025  March 15 is deadline for last advance tax installment: Know if you must pay «  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.