Industries Regulators South India

Three days Raid in Jesus Calls marks Gold, Cash seizure and notice from Gujarat Forestry

After raided for three days at the residence and offices belonging to evangelist Paul Dhinakaran, who heads the Jesus Calls ministry,   Income Tax (I-T) Department has seized gold weighing 4.5 kg and detected unaccounted income to the tune of ₹120 crore from the raids that it had conducted   “The gold was found at Read More…

Business Indian Subcontinent Jobs Life Style

5.95 crore ITRs for Assessment Year 2020-21 were filed : Income Tax Department

Income Tax Department sources said 5.95 crore income tax returns (ITRs) for the fiscal year ended March 31, 2020 (2019-20) were filed by January 10 2020   The ITR filing deadline for individuals ended on January 10 while for companies it is till February 15.   The tax department in a tweet said 5.95 crore Read More…

Companies Indian Subcontinent Industries Jobs

Assessment 2020-21 extended by another month to December 31 2020

The union Government on Saturday announced extension of the due date for filing income tax returns for the assessment 2020-21 by another month to December 31, 2020.   The earlier extension allowed such filing by general taxpayers by November 30.   Along with general category of taxpayers, the government also extended the date of filing Read More…

Companies Protest South India Women

ADMK supremo Jayalalitha close benami aide Sasikala properties worth Rs 300 attached

The Income Tax department’s Benami Prohibition Unit in Chennai has provisionally attached properties in and around the city worth Rs 300 crore allegedly belonging to ousted AIADMK leader VK Sasikala on Monday.   I-T sources said that a notice had been served to Sasikala at the Parappana Agrahara Prison in Bengaluru, the benami company and Read More…

Banks Companies Indian Subcontinent Industries Jobs Market

High Value transactions in ITR not mandatory to reveal : IT Department

In the 2020-21 Budget, the government revised the format of Form 26AS, stating that all such information from different SFTs would be shown in the new Form 26AS. It is an annual consolidated tax statement that can be accessed from the income-tax website by taxpayers using their permanent account number (PAN).   This financial year Read More…

Indian Subcontinent Life Style North India

AmitShah’s Son income up 15000% in 4 years : Congress

Earlier online web news portal Caravan published an article which alleged that Amit Shah’s son Jay Shah’s firm Kusum Finserv LLP’s income rose to Rs 119.61 crore in 2019 from Rs 79.60 lakh in 2014 when the Bhartiya Janta Party came to power.   As per the Ministry of Corporate, Affairs, LLP is an alternative Read More…

Business Companies Industries Legal Market Social

Finance Ministry is decisive in deactivating PAN not linked with Aadhaar

In a crackdown on duplicate Permanent Account Number (PAN) cards, the income tax department is likely to deactivate the PANs which are not linked with the Aadhaar number of the user by September 30.   Salient timeline data of PAN wrt to AADHAAR 44 crore – Total No. of PANs 24 crore – PANs linked Read More…

Indian Subcontinent Legal Market South India

Income Tax chief Balakrishnan political talk over raids invokes wrath of Opposition

KPCC also disapproved of the letter by Balakrishnan to ECI in which he termed the recent protest by Chief Minister H D Kumaraswamy and other leaders of State government as “Mamata Bannerjee tactics”.   The Karnataka Pradesh Congress Committee has written to the Election Commission of India (ECI) seeking the transfer of Principal Chief Commissioner Read More…