« Top Headlines » Open DEMAT Account in 24 hrs  Mock Test Papers Series - I & II for Students appearing in CA Foundation January 2027 Examination.  Income Tax Rules 2026: CBDT Introduces Revised Form 161 for Penalty Waiver, Clarifies Misreporting Categories and Taxpayer Relief  ITR Filing and Income Tax Audit Deadline Extended: 5 Critical Things Taxpayers Must Know  Filing Belated ITR for AY 2026-27? Know Which Losses You Can Carry Forward and Which You May Lose  CBDT Extends Tax Audit Report Deadline to October 21, ITR Filing Last Date to November 21 for AY 2026-27  CBDT Extends AY 2026-27 ITR Filing Deadline for Tax-Audit Cases: New Dates and Key Compliance Details  Foreign Assets Missing From Your ITR? Income Tax Department Opens One-Time Disclosure Window  Tax Audit Deadline September 30: Why AIS, TDS and GST Figures May Not Match Your ITR and What Taxpayers Should Do  Tax audit deadline September 30: Common mistakes taxpayers should avoid  Your ITR says ‘verified’, but the refund hasn’t arrived? 5 reasons why your money could be stuck  Missed the ITR Deadline but TDS Refund Is Due? Here’s How You Can Still Claim Your Money «  Consolidation and growing big, a top hurdle for CAs... Government should reduce corporate tax... » I-T dept conducts raids in A`bad February, 11th 2008 The income tax sleuths carried out searches and surveys at 29 premises across Ahmedabad, Himmatnagar among other locations across the country last weekend.   One of the groups to come under the scanner was an Ahmedabad-based stock broking firm while the other is a leading tile manufacturer based at Himmatnagar and headquatered at Ahmedabad, sources in the Income Tax department said.   A cash seizure of Rs 25.70 lakh had been made from the broker as he admitted to an undisclosed income of Rs 3 crore so far. Sources said some lockers had also been seized. Over 160 officers carried out the search operations.   The sleuths also seized unaccounted sum of Rs 20.30 lakh from the office premises of the tiles manufacturer.   The officials had seized files, CD and other important documents which are being investigated. The total extent of the concealed income would be determined as the investigation progresses and the amount of tax evasion to be unearthed is expected to be very high, an official said.   The tiles manufacturing company had admitted to an undisclosed income of Rs 1.85 crore. Searches were also conducted at the premises of the director of the tile manufacturing company.   Meanwhile, the Rajkot income tax department officers also joined the raid exercise.