The Income Tax Department carried out a search & seizure action on 25.08.2022 on two groups engaged in the business of sand mining, sugar manufacturing, road construction, healthcare, running of medical college etc. The search action covered more than 20 premises spread over Solapur, Osmanabad, Nashik & Kolhapur districts of Maharashtra. During the course of […]
The Income Tax department is scanning all the transactions at hospitals wherre the bills are paid in cash as it violates banking protocol and amounts to tax evasion. The I-T sleuths have decided to monitor cash transactions at hospitals, banquet halls and businesses in a recent move to prevent tax evasion. As per the rule, […]
The Income Tax Department has carried out investigations since the de-monetisation of Old High Denomination (OHD) currency announced by the Government on 8th November, 2016 and unearthed Rs.2,600 crore in 291 cases across the country. In addition, open enquiries have been effected in more than 3,000 cases. Approximately Rs. 393 Crore including Rs. 316 Crore cash […]