Tag: income tax

Income tax department raids at Trident Group across country
Business

Income tax department raids at Trident Group across country

New Delhi, 17 October: The Income Tax Department is carrying out raids on the Trident Group, a diversified conglomerate with interests in yarn, home textiles, paper and stationery, chemicals, and adaptive power. These ongoing raids across the country are part of an investigation into potential financial irregularities, officials said. Trident Group, founded by Padma Shri Rajinder Gupta, is a prominent player in multiple industries and operates manufacturing facilities in key locations, including Budhni in Madhya Pradesh and Barnala and Dhaula in Punjab. The raids are not limited to a single location, as authorities are simultaneously carrying out probes in multiple cities. More than 40 officials are currently involved in the raid at the Budhni plant located in Madhya Pradesh, o...
I-T Department conducts searches in Karnataka, Andhra, Telangana; seizes Rs 94-crore cash, jewellery
National

I-T Department conducts searches in Karnataka, Andhra, Telangana; seizes Rs 94-crore cash, jewellery

New Delhi, October 16: The Income Tax Department conducted search and seizure action related to some government contractors, real estate developers and their associates last week and about 55 premises were covered in Karnataka, Andhra Pradesh, Telangana and New Delhi. According to a CBDT press release, incriminating evidence in the form of loose sheets, hard copies of documents and digital data have been found and seized. It said the search has resulted in a seizure of unaccounted cash of approximately Rs 94 crore and gold and diamond jewellery of over Rs 8 crore, aggregating to more than Rs 102 crore. A cache of about 30 luxury wristwatches of foreign make was unearthed from the premises of a private salaried employee, not engaged in the business of wristwatches, the release said...
J&K Bank has the highest income taxpayer in Chandigarh
Business, Kashmir, State

J&K Bank has the highest income taxpayer in Chandigarh

Srinagar, Dec 2: Income tax department conducted an Awareness-Cum-Interaction Program on the importance of Voluntary Compliance to Income Tax Act, 1961 right here at J&K Bank’s Corporate Headquarters. Lauding J&K Bank at the event for paying the highest quantity of income tax in Chandigarh circle, Gulzarin, Akhtar instructed the individuals, “I am happy to inform that J&K Bank is the very best taxpayer not most effective in J&K but in the entire Amritsar circle which covers Jalandhar, Shimla, J&K besides Amritsar. It speaks volumes approximately the incredible fulfillment story this economic organization has come to be. The sturdy KYC culture of organization is very appreciable and that I hope J&K Bank keeps on improving on each functioning front.” J&K Ban...