« 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 «  CAG organises training programme for auditors... Institute of Chartered Accountants pushes global norm... » How Malhotra avoided I-T radar August, 08th 2007 Ashok Malhotra, the kingpin of Chholegate who was remanded to 14-day CBI custody on Tuesday, has not just left the Congress government in Delhi in tatters but has also exposed gaping holes in the multi-layered tax surveillance mechanism. On a day when the the urban development ministry also got into action, ordering a probe into allotment of plots meant for rehabilitation of slum dwellers between 2000 and 2002, the I-T department appeared to be waking up to the fact that Chholegate has made a mockery of the information tracking system thats designed to detect tax evasion and money laundering. Thanks to the tracking system, the I-T department has over the last few years been able to collect data on a host of high-value transactions from property purchases to credit card payments, purchase of shares and bonds, phone bills and car purchases, to name a few. In addition, the tax department also has access to details of club membership and association and ownership of companies and their business activities. The inadequacy of the surveillance mechanism today stands exposed with Malhotra successfully going around it and to buy just not a fleet of 17 swanky cars but a number of large properties too. I-T department, now much wiser from Chholegate, has now gathered information about Malhotra actually floating at least a dozen companies either in his own name or with others as front.