« Top Headlines » Open DEMAT Account in 24 hrs  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  Income Tax Return: 5 lesser-known tax-saving tips from Section 80  Why you need not rush to file your ITR immediately  Income tax returns: ITR-1, ITR-2, ITR-4 forms for FY 2023-24 available for e-filing  Section 80DDB tax benefits for specified illnesses: 5 things to know  Income tax slabs FY 2024-25: Five tips to help taxpayers decide between old and new income tax regimes  ITR-1, ITR-2, ITR-4 forms for FY 2023-24 (AY 2024-25) available now on e-filing income tax portal  How To Save Tax For Salary Above 15 Lakhs? «  Short sales tax angle: CBDT wants system in place first... States should be given power to levy service tax... » I-T Deptt detects tax evasion of over Rs.100 crore during surveys February, 09th 2008 Income Tax Department had recently carried out a search operation against a group of Gurgaon engaged in development of real estate and running a private airline. On the basis of evidence collected during that search, surveys were subsequently conducted by the Department at 11 different locations in Delhi, Mumbai and Gurgaon on two leading groups of builders having close business connections and transactions with the group searched earlier. On the basis of evidence collected during these surveys, the two groups of builders admitted to unaccounted income of Rs.63 crore and Rs.31 crore, respectively. During the course of survey at another builders premises huge amount of cash was found. As a result, search was also conducted at the residence of its directors and cash amounting to Rs.2 crore was seized. This builder also admitted unaccounted income of Rs.10 crore. BSC/SS/GN-31/08