« Top Headlines » Open DEMAT Account in 24 hrs  Income Tax Return Filing: 10 Mistakes To Avoid When Filing ITR For AY 2024-25  Old vs New Tax Regime: Who should move to the New Tax Regime from the old one?  Income Tax Calculator FY 2023-24: How To Know Your Tax Liability Online On IT Dept's Portal?  BackBack Income Tax Act amendment on cards on tax treatment of MSME dues  ITR-1, ITR-2, ITR-4 forms for FY 2023-24 available for e-filing. Check details here  Income tax slabs FY 2024-25: Experts share these 8 benefits for taxpayers in new income tax regime  How To File ITR Online - Step by Step Guide to Efile Income Tax Return, FY 2023-24 (AY 2024-25)  Old or new tax regime for TDS on salary? This post-election 2024 event will impact your tax planning  What Are 5 Heads Of Income Tax?  Income Tax Dept releases interim action plan for FY25 on tax collection, refund approvals   Income Tax Return: 5 lesser-known tax-saving tips from Section 80 «  Consolidation and growing big, a top hurdle for CAs... Government should reduce corporate tax... » I-T dept conducts raids in A`bad February, 11th 2008 The income tax sleuths carried out searches and surveys at 29 premises across Ahmedabad, Himmatnagar among other locations across the country last weekend.   One of the groups to come under the scanner was an Ahmedabad-based stock broking firm while the other is a leading tile manufacturer based at Himmatnagar and headquatered at Ahmedabad, sources in the Income Tax department said.   A cash seizure of Rs 25.70 lakh had been made from the broker as he admitted to an undisclosed income of Rs 3 crore so far. Sources said some lockers had also been seized. Over 160 officers carried out the search operations.   The sleuths also seized unaccounted sum of Rs 20.30 lakh from the office premises of the tiles manufacturer.   The officials had seized files, CD and other important documents which are being investigated. The total extent of the concealed income would be determined as the investigation progresses and the amount of tax evasion to be unearthed is expected to be very high, an official said.   The tiles manufacturing company had admitted to an undisclosed income of Rs 1.85 crore. Searches were also conducted at the premises of the director of the tile manufacturing company.   Meanwhile, the Rajkot income tax department officers also joined the raid exercise.