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I have been an NRI for the last 30 years and presently live in Hong Kong (HK). I am a salaried employee and pay all taxes legally and correctly in HK. I have bank accounts in Hong Kong where I keep my income in USD and Hong Kong Dollars. I also have investments in Mutual Funds and shares in…Continue Reading
In a trend unprecedented since economic liberalisation, the annual income of the poorest 20% of Indian households, constantly rising since 1995, plunged 53% in the pandemic year 2020-21 from their levels in 2015-16. In the same five-year period, the richest 20% saw their annual household income grow 39% reflecting the sharp contrast Covid’s economic impact…Continue Reading
Ministry of Finance 5.89 crore Income Tax Returns filed on new e-filing portal of the Income Tax Department as on 31st December, 2021 Posted On: 01 JAN 2022 2:40PM by PIB Delhi Nearly 5.89 crore Income Tax Returns (ITRs) have been filed on the new e-filing portal of the Income Tax Department as on 31st…Continue Reading
Ministry of Finance Income Tax Department conducts searches in Maharashtra Posted On: 28 DEC 2021 1:29PM by PIB Delhi The Income Tax Department carried out search and seizure operations on 22.12.2021 on two business groups of Nandurbar and Dhule districts of Maharashtra. These groups are engaged in the business of civil construction and land development.…Continue Reading
Ministry of Finance Income Tax Department conducts search operations in Tamil Nadu Posted On: 07 DEC 2021 12:56PM by PIB Delhi The Income Tax Department has carried out search and seizure operations on 01.12.2021 in respect of 2 groups engaged in the Retail Sales of Jewellery, Textiles and Home Appliances through their popular chain of…Continue Reading
Last Updated: 24th November, 2021 14:34 IST The Income Tax Department conducted search operations on two real estate groups based in Delhi-NCR regarding an allegation that there was a case of tax evasion. Image: Representative The Income Tax Department conducted search operations on two real estate groups based in Delhi-NCR regarding an allegation that there…Continue Reading
Ministry of Finance Income Tax Department conducts searches in Punjab Posted On: 26 OCT 2021 4:02PM by PIB Delhi The Income Tax Department carried out search and seizure operations in the cases of two groups based in Punjab. The search action in case of the first group was initiated on 21.10.2021. This group is engaged…Continue Reading