Tag Archives: income tax department

Indian Income Tax department knows where to hurt the tax defaulters when it took to “Naming and Shaming” strategy to mount pressure on timely payment of taxes by some of the large tas defaulters. The first list named 18 entities, with more than Rs 500 crore each as tax due to the department. Moreover, the naming will help publicise these ...

Income Tax Department has initiated a probe into the issuance of cheques by companies which are acting as entry operators to convert illegal cahs into illegitimate money, after the issue of four companies providing Rs.2 crore to Aam Aadmi Party during the Delhi elections. Income Tax Department said the recent Kolkata probe led to detection of substantial unaccounted income. In ...