Key Points
The Enforcement Directorate (ED) arrested one person in a money laundering case connected to a Rs 263 crore Income Tax Refund fraud case...
According to a statement by the federal agency, the accused, identified as one Rajesh Batreja, was instrumental in diverting Rs 55.5 crore proceeds of crime (PoC) outside the country and round-tripping a part of it to two entities in India under the guise of investment from Dubai...
Earlier, the agency had arrested former income tax inspector Tanaji Mandal Adhikari and businessmen Bhushan Patil and Rajesh Shetty, who are presently in judicial custody...
The ED initiated the investigation based on an FIR registered by the CBI under multiple sections of the IPC and Prevention of Corruption Act (PCA) against Tanaji Mandal Adhikari and others for fraudulently generating and issuance of tax deducted at source (TDS) claims from the Income Tax Department to the tune of Rs..
Batreja also assisted Tanaji in concealing the proceeds of crime and later in the placement and layering of said siphoned-off POC by incorporating firms with the help of a local person in Dubai to project the same as untainted, the agency said in its statement...
You might be interested in
ED seizes ₹59.44 crore assets linked to 3 Android apps over ₹150 crore fraud
14, Oct, 23The Enforcement Directorate said some Chinese nationals, in order to cheat the people of India, created several shell companies in India.
Top 10 donors spent Rs 3,800 crore on electoral bonds: Details of cases against them
16, Mar, 24The data shows that the top 10 donors roughly made donations worth Rs 3,800 crore to political parties via electoral bonds. Interestingly, these firms have undergone varying degrees of investigation by central probe agencies. Here are the details.
Budget 2024 expectations: 15 expectations of individual taxpayers this Budget
30, Jan, 24Different sectors in India have put forth their needs and demands. Here are 15 important things in the wish list of the common man regarding income tax.
LIC expects income tax refund of Rs 25,464 cr in Q4
11, Feb, 24Life Insurance Corporation of India has received an income tax refund order of Rs 25,464 crore, and it is likely to be realised during the current quarter, its chairman Siddhartha Mohanty said. Last month, the Income Tax Appellate Tribunal (ITAT), Income Tax Department, issued intimation for a refund of Rs 25,464.46 crore. The refund is related to interim bonuses to policyholders in the past seven assessment years.
Ex-Delhi Jal Board chief named in ED's first chargesheet in laundering case
30, Mar, 24The Enforcement Directorate filed a chargesheet in a money-laundering case related to irregularities in the Delhi Jal Board, naming four individuals and a company.
LIC receives ₹21,740 crore tax refund from Income Tax dept; remaining ₹3,700 crore awaited
17, Feb, 24LIC had received refund orders for Assessment Years 2012- 13, 2013-14, 2014-15, 2016-17, 2017-18, 2018-19 and 2019-20, according to reports
Indian gaming firms say new tax will stifle foreign investment
15, Jul, 23India's new 28% tax on online gaming companies will stifle foreign investment and put $2.5 billion already invested in the sector at risk, more than 100 gaming firms have said in a letter to India's finance ministry.
TDS deducted in wrong FY? New income tax form to help you get it corrected Oct 1 onwards
01, Sep, 23The Central Board of Direct Taxes (CBDT) has notified a new Income tax form- Form 71. This form will help taxpayers resolve their problem of TDS claim when it was deducted in a wrong financial year. One need not approach the tax deductor and request them to revise their TDS return. Income tax department will directly help now.
'BJP's political wing': AAP on probe agency ED's K Kavitha 'conspiracy' claim
19, Mar, 24The AAP's sharp's response came after the Enforcement Directorate said arrested BRS leader K Kavitha "conspired" with Arvind Kejriwal and Manish Sisodia for favours in the Delhi liquor policy.
New tracking features widened tax base: Government
26, Apr, 23India Business News: NEW DELHI: The government on Tuesday said that the introduction of new tracking features had helped the income tax department widen the tax base, whic.