« 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 «  Auditors with only ICAI certificate to scan books of listed... CAs can accept more tax audit assignments... » I-T raids Uflex, HFCL May, 11th 2007 Industrialists considered close to Samajwadi Party leader Amar Singh have come under the income-tax scanner. The I-T department on Thursday conducted raids on various premises of packaging company Uflex (formerly Flex Industries) and telecom equipment manufacturer Himachal Futuristic Communications for suspected tax evasions. The department carried out searches at ten premises and surveys at five premises of Uflex located in Uttar Pradesh and Delhi. When contacted, Central Board of Direct Taxes spokesperson confirmed the raids on two companies but declined to give details. The search operation was also carried out on the residential premises of businessman Ashok Chaturvedi, the promoter of Uflex. Uflex, which is listed on Bombay Stock Exchange, manufactures packaging products, polyester film, inks and adhesives. The Flex Group has offices in various cities including Delhi, Mumbai, Kolkata and Bangalore. While Chaturvedi could not be reached for comment, a company spokesperson neither confirmed nor denied raid by the income-tax department. Chaturvedi, who is considered close to the political establishment in UP, had a brush with law in a bribery case earlier. Tax officials also raided various premises of telecom equipment company HFCL in Delhi and Himachal Pradesh. A spokesperson for the company confirmed the raid. Sources in the I-T department said the offices of Club One Air were also raided by the authorities. SP leader Amar Singh, who charged the ruling side with harassing people close to him, said it was yet another instance of the vindictive approach of the ruling dispensation. The timing of the raids is significant as it comes a day ahead of the declaration of results in the just-concluded Uttar Pradesh elections. There were speculation about imminent action against SP leaders and their associates by the tax authorities.