WebMar 23, 2024 · On particular queries related to the nature of the income tax officials visit, and on charges of tax evasion, the company declined to comment. As the reports of the tax searches emerged, share price of Hero MotoCorp declined to ₹2,382.45, down 38.85 points or 1.60%. The stock recorded an intraday low of ₹2,328.85 after opening higher at … WebSep 7, 2024 · Our Income Tax law allows all persons to self-assess their income and pay taxes. However, to protect the revenue base, unearth concealed income and to act as a deterrent, tax authorities have been vested with powers to conduct surveys and searches (commonly referred to as ‘raids’). These raids are made the basis of information available …
Income Tax Raid, Search and Seizure – What, When, How
WebMar 31, 2024 · The Income Tax Department has found alleged illegal business expenses of over Rs 800 crore, Rs 60 crore "unaccounted" cash used to purchase land in Delhi and role of some shell companies after it raided Hero Motocorp and … WebFeb 4, 2024 · In fact, on January 4, the Income Tax Department conducted raids at the properties of real estate company ACE Group and its promoter Ajay Chaudhary in Delhi, Noida, Greater Noida and Agra. According to the reports, Chaudhary is said to be a close aide of Samajwadi Party President Akhilesh Yadav. trach position
Undisclosed Income Worth Rs 300 Crore Found During Income …
WebApr 6, 2024 · In the case of an estate or trust, the NIIT is 3.8 percent on the lesser of: the undistributed net investment income, or. the excess (if any) of: the adjusted gross income … WebIncome Tax Raids at Fintech Firm; ₹ 500-Crore Illegally Sent Abroad DVAC Raids 28 Premises Linked to Ex-AIADMK Minister KC Veeramani Income Tax Search vs Survey: Is … WebJan 4, 2024 · The taxpayer is entitled to interest of 0.5 per cent for every month on the excess cash seized from the expiry of 120 days from the date on which the last authorisation for raid/requisition was... trach properties