Tax department detects undisclosed income of Rs 400 crore in Tamil Nadu
Unaccounted cash of Rs 50 lakh, jewellery worth Rs 3 crore and nine luxury vehicles worth Rs 12.5 crore were seized by the tax department after the raids.
PTI | March 17, 2021 | Updated 22:34 IST
CBDT said the entities also had imported spices wherein they over-invoiced the import cost to about Rs 25 crore.
The Income Tax Department on Wednesday claimed to have detected undisclosed income of about Rs 400 crore after it raided some entities based in poll-bound Tamil Nadu who handle huge cash and have offshore links.
The Central Board of Direct Taxes (CBDT), which frames policy for the tax department, said in a statement that the raids were carried out on March 11 at 20 locations in Chennai, Coimbatore, Salem, Virudhunagar and Theni.
IT dept s raid at Anurag Kashyap and Taapsee Pannu s house sparks a memefest on social media
pinkvilla.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from pinkvilla.com Daily Mail and Mail on Sunday newspapers.
Link copied Make the most of your money by signing up to our newsletter for FREE now
SUBSCRIBE Invalid email
When you subscribe we will use the information you provide to send you these newsletters.
Sometimes they ll include recommendations for other related newsletters or services we offer.
Our Privacy Notice explains more about how we use your data, and your rights.
You can unsubscribe at any time.
Rishi Sunak will be tackling public spending in the coming days as the Spring Budget will be laid out on March 3. While HM Treasury has confirmed the Budget will set out the next phase of the plan to tackle the virus and protect jobs , many experts within the field expect that cryptocurrencies may soon be targeted by the Government in light of the Bitcoin price surge seen over the last few months.
Rishi Sunak at a press gathering during pandemic (Image: GETTY)
Concerns for the self-employed have consistently been raised since the pandemic erupted in March, with the UK plunged into its first lockdown.
Fears self-employed business owners and workers would be the one paying a price emerged the likes of Mr Sunak grappled with the huge hit the economy took.
Yet, since then, many in the self-employed sector have been left out of the Self Employed Income Support Scheme (SEISS) due to the strict measures it employs.
It was confirmed a fourth SEISS grant will now be put in place which will cover February until April 2021.
the radical left because of the hollywood and the junior level standard demanded it. reject puppet boy and embrace principle and vote for trump. that is what i m here to say. this is not a flip-flop on a tax raid. joe biden suggested 50% tax rate and now he is at 55%. people evolve on stuff like that all the time. you said, joe biden own words he s catholic. i m not putting words in his mouth. overnight all of a sullen federally funded taxpayers funded abortions? he flips overnight? that says to me this is a spineless politician. remember, for all eight years of the obama presidency, he also supported the hyde amendment. this is something he is doing to get the last line on the resume, right? to get the big job. he is convinced he can t say, which is approved by 60% plus of the american people, that we shouldn t use your money, dan bongino, and your money, kayleigh mcenany, to i pa fo pay for abortions.
vimarsana © 2020. All Rights Reserved.