Need Tally
for Clients?

Contact Us! Here

  Tally Auditor

License (Renewal)
  Tally Gold

License Renewal

  Tally Silver

License Renewal
  Tally Silver

New Licence
  Tally Gold

New Licence
 
Open DEMAT Account with in 24 Hrs and start investing now!
« 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

Income Tax Dept. asks for documents for Satyam probe
February, 05th 2009

The Income Tax Department, one of the investigating agencies probing the Satyam fraud case, has asked the Hyderabad Police for documents related to purchases and investments by the firm's former Chairman Ramalinga Raju.

The department has asked the city police to furnish all the related documents that the police had seized and was currently scrutinising them, along with the Serious Fraud Investigations Office (SFIO), an I T Department source said.

The source, however, was unable to specify the period for which the documents had been asked, as they said that since the fraud had happened over several years, "everything and anything would be necessary".

The investigations would take another few weeks and apart from few preliminary dossiers, the final report was still to be prepared and sent to the Central Board of Direct Taxes (CBDT), he said.

Former CBDT Chairman N B Singh, who retired on January 31, had on January 27 said in Mumbai that the department was conducting an independent probe into the Satyam case.

Sources also added that the previous case files pertaining to the returns of Satyam's Hyderabad unit would also form part of their investigation.

I T sources maintained that they were actively coordinating with other probe agencies and certain clues could come out in the next few weeks. Senior officials including Revenue Secretary P V Bhide and CBDT Chairman S S N Moorthy refused to comment on the issue at an Income Tax book launch function in the national capital on Wednesday.

Market regulator SEBI had yesterday secured the Supreme Court's nod to interrogate Satyam Computer founder Ramalinga Raju and his brother Rama Raju for three days beginning tomorrow in connection with the accounting fraud in the firm.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2025 CAinINDIA All Right Reserved.
Designed and Developed by Ritz Consulting