The raids were launched last week on the business entity engaged in steel and real estate after actionable inputs of alleged tax evasion were received against it, officials said.
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Former UP-cadre officer Ram Narayan Singh runs Manasam Noida Vaults from basement of his home. I-T officials suspect some lockers may be benami, stashed with unaccounted for cash.
It was widely expected that Sitharaman would announce higher deductions under Section 80C of the Income Tax Act. However, no such move was forthcoming.
The figure includes income tax refunds of Rs 23,026 crore in 61,53,231 cases and corporate tax refunds of Rs 69,934 crore in 1,69,355 cases, an official Twitter post said.
Read the full statement issued by the Editors Guild of India against the income tax department's 'surveys' conducted Friday at NewsClick, Newslaundry offices in New Delhi.
The IT department said officials are conducting 'survey operations' at business premises of the two portals to verify certain tax payment details and remittances made by them.
The Central Board of Direct Taxes also said that a positive trend has been observed in the various filings on the portal and Rs 1.19 crore Income Tax Returns have been filed so far.
According to an official statement issued Sunday, 93% of the refund claims, of over Rs 15,269 crore, in ITRs filed for the assessment year 2020-21 have been processed till date.
Finance Minister, who met Infosys CEO Salil Parekh, conveyed 'deep disappointment and concern' over the continuing glitches in the new income tax filing portal.
Peter Manuel's ‘Cassette Culture’ showed the booming Bhakti music during the '80s and '90s when Anoop Jalota, Gulshan Kumar achieved success by singing the sanitised Bhajans.
Economists say there are weaknesses in India’s GDP data. But statisticians claim the accusations are based on flawed understanding, saying while GDP has problems, the economists are looking in the wrong places.
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