« Top Headlines » Open DEMAT Account in 24 hrs  New Income Tax Act: ITR forms to be issued prior to FY28, says govt  GSTR-9C Explained: Turnover Limit, Due Date, Statement Format & How to Prepare It in Tally Prime (2025 Update)  Will Income Tax Department release new ITR forms by January 2026? Finance Ministry says this  The Government of India has strengthened MSME protection through strict payment rules, ensuring that Micro & Small Enterprises receive timely payments from buyers. Under the MSME Development Act (MSMED Act), 2006, buyers must make payments within:  ITR Refund Delays in India: Why They Happen & How to FastTrack Your Refund in 2025  ITR Refund Delay: From Bank Errors To Department Checks, 5 Big Reasons Your Refund Gets Stuck  Income Tax Slabs 2025: New Vs Old Regime; Which One Is Better For You For FY2025-26?  Seamless Integration: How Tally Prime Connects Businesses to the Digital Economy  Govt to notify new ITR forms, Income Tax Act 2025 rules by January 2026: CBDT chief  Digital Efficiency for MSMEs: The Tally Prime Advantage  5 Ways Tally Prime Reduces Cost and Boosts Productivity for Startups «  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.