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[ Income Tax ]
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I-T raids on 2 Chennai-based groups; undisclosed income worth Rs 1,000 cr detected
BusinessToday.In
March 7, 2021
The two companies were found to be indulging in unaccounted cash, bogus cash credits, bogus outstanding sundry creditors, unaccounted gold bullion purchases, and wrongful bad debts
'Not so sasti anymore': Taapsee Pannu breaks silence on I-T raid
BusinessToday.In
March 6, 2021
On Wednesday, the Income Tax Department had initiated raids on the homes and offices of Taapsee Pannu and Anurag Kashyap. I-T department has also gone after two of Kashyap's partners with whom he had established the now-closed Phantom Films
'Very same names were raided in 2013 too': Sitharaman on Anurag Kashyap, Taapsee Pannu
BusinessToday.In
March 6, 2021
The Finance Minister refused to comment on the individual cases saying it is in the nation's interest to find out whether some tax evasion took place
Women's Day Special: How to inflation-proof your investments?
Avneet Kaur
March 5, 2021
Ahead of savings and investments, it is crucial for women to cover against any health risks. Unforeseen medical expenses may eat upon your investments and pull down your goals for which you have been saving for long
Tax Dept unearths Essel group's alleged Rs 392 cr input credit fraud
BusinessToday.In
March 5, 2021
As per the initial probe, a layer of \"genuine-looking fictitious\" intermediatory companies was created to pass on \"bogus ITC\" from non-existent and fake firms to the Essel Group companies without actual supply of any goods or services.
India bags highest ever FDI; Indian-Americans taking over US, says Biden
BusinessToday.In
New Delhi, March 5, 2021
Wipro makes its largest acquisition of $1.45 billion in Capco; Walmart-owned Flipkart exploring US IPO through SPAC route; India saw highest number of internet shutdowns in the world in 2020. Watch this and more news on News Blast. Also Read | Tax dept's residency circular of not much help to NRIsAlso Watch | I-T dept finds income discrepancy of Rs 650 cr after raids on Taapsee, Anurag
Tax deptt's residency circular no great help to NRIs
Dipak Mondal
March 5, 2021
The circular offers relief to only those who may be subject to double taxation, but offers no help to people from countries with whom India does not have a DTAA or impacted by absence of short stay exemption
I-T dept finds income discrepancy of Rs 650 cr after raids on Taapsee, Anurag
BusinessToday.In
New Delhi, March 5, 2021
The Income Tax department has unearthed large amounts of cash and illegal transactions by Taapsee Pannu and Anurag Kashyap after two days of searches. Income Tax officials have claimed that they recovered 'evidence of cash receipts by the leading actress amounting to Rs 5 crore'. The agency also claimed to have found bogus expenditure of Anurag Kashyap with tax implication of about Rs 20 crore. The Pink star recorded a statement on March 3 and later recorded a detailed statement. She is likely to be summoned again by IT officials in the coming days. Watch the video for more details. ALSO WATCH | I-T officials raid Bollywood celebs' residences over alleged tax evasion
I-T dept unearths income discrepancy of Rs 650 crore after raids on Taapsee, Anurag, Phantom Films
Divyesh Singh | Munish Pandey
March 5, 2021
The Pink star recorded a statement on March 3 and later recorded a detailed statement. She is likely to be summoned by the IT officials in the coming days
I-T Dept uncovers Rs 175 crore black money in raid on Tamil Nadu contractors
PTI
March 4, 2021
The action was undertaken, the CBDT said, on the basis of intelligence inputs \"about the existence of cash, which is likely to be distributed for election purposes.\"
I-T officials raid Bollywood celebs' residences over alleged tax evasion
BusinessToday.In
New Delhi, March 4, 2021
The Income Tax Department on Wednesday raided premises linked to Bollywood actor Taapsee Pannu, filmmaker Anurag Kashyap and other celebrities over alleged tax evasion. The searches were carried out in over 30 locations in Mumbai and Pune. The opposition governments have criticised the move and termed it an attempt to suppress the voices of those speaking against the Modi government. Watch the video for more.Also Read: Refunds of over Rs 1.98 lakh crore issued in 11 months: I-T Dept
Refunds of over Rs 1.98 lakh crore issued in 11 months: I-T Dept
PTI
March 4, 2021
Of this, personal income tax refunds of Rs 70,572 crore have been issued to over 1.92 crore taxpayers, and corporate tax refunds of Rs 1.27 lakh crore have been issued in 2.19 lakh cases
IT dept to continue grilling Taapsee Pannu, Anurag Kashyap today
Munish Pandey
March 4, 2021
he IT department conducted searches on people related to Phantom Films for tax evasion. Twenty-two locations were raided in Mumbai and Pune, including of talent management agency Kwan
NRIs won't be double-taxed in FY21 for overstaying
BusinessToday.In
March 4, 2021
NRIs facing double taxation even after taking into account the relief provided by the relevant Double Taxation Avoidance Agreement will have to fill Form-NR electronically by March 31, 2021
Biz EOD: Bharat Biotech's Covaxin 81% effective; I-T raid at Anurag Kashyap, Taapsee Pannu's residences
BusinessToday.In
March 3, 2021
Catch top stories from the world of business and economy with BusinessToday.In's Biz EOD report
Anurag Kashyap, Taapsee Pannu questioned in tax evasion case, bank accounts under scanner
BusinessToday.In
March 3, 2021
Earlier today, the I-T Department conducted searches at around 30 locations in Mumbai and Pune, including residential and official premises of Kashyap, Pannu, Madhu Mantena and others.
UK FM Rishi Sunak extends COVID-19 aid measures, cos to pay more tax from 2023
Reuters
March 3, 2021
Finance Minister Rishi Sunak announced a costly extension of his emergency aid programmes to see Britain's economy through its current coronavirus lockdown, but announced a tax hike for many businesses as he began to focus on fixing the public finances
Sin tax on Bitcoin? How cryptocurrencies could be taxed
Aprajita Sharma
March 3, 2021
There are talks of North Block considering an 18 per cent GST on Bitcoin transactions. But, could there be a sin tax of 28 per cent, given its alleged nefarious status
BREAKING NEWS: Income tax raid at Taapsee Pannu, Anurag Kashyap, Vikas Bahl's residences
BusinessToday.In
March 3, 2021
Actress Taapsee Pannu, Filmmaker Anurag Kashyap face tax raids: The IT department is conducting searches on people related to Phantom Films over allegations of tax evasion
Cross-border payment for software not royalty, SC ends two-decade old tax dispute
Dipak Mondal
March 3, 2021
SC says there is no obligation on a person to deduct tax at source, as the end-user licence agreements in these cases do not create any interest or right in such end-users, which would amount to the use of or right to use any copyright
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