INCOME TAX DEPARTMENT, SERIOUS FRAUD INVESTIGATION OFFICE, ENFORCEMENT DIRECTORATE AND ANTI MONEY LAUNDERING UNIT ARE EXAMINING FEW DEVELOPERS AND BUILDERS ALLEGED TO HAVE LINKS – A NEWS REPORT


A local news report highlighted the alleged tax evasion, illegal activities, prosecutable transactions, money laundering and BENAMI property acquisition and subsequent sale of the properties through this DEVELOPERS AND BUILDERS. There are serious allegations around few hundred crores only against builders and developers along with a govinda jeweller- benami investment. Three such names have appeared, … Continue reading INCOME TAX DEPARTMENT, SERIOUS FRAUD INVESTIGATION OFFICE, ENFORCEMENT DIRECTORATE AND ANTI MONEY LAUNDERING UNIT ARE EXAMINING FEW DEVELOPERS AND BUILDERS ALLEGED TO HAVE LINKS – A NEWS REPORT

DETAILS POSTED ABOUT PROPERTY ACQUISITION-EXTRAVAGANT SPENDING-BUYING OF JEWELLERY- IN SOCIAL MEDIA INVITES INCOME TAX SCRUTINY


The Government has silently monitoring and collecting data of persons in social media about the details of acquisitions, spending and other extravagant expenditure shared or published and will be UNDER SCRUTINY AND INVESTIGATION by the concerned departments like Income Tax.

PRE LAUNCH PROJECTS AND OUR ARTICLE ON THE SCAM PUBLISHED ON 29-01-2013


COMPLAINT SUBMITTED TO THE CHIEF MINISTER OF KARNATAKA IN JANUARY 2017 PUBLISHED ON JANUARY 29, 2013- ALMOST THREE YEARS AGO - NOW THE BUYERS ARE FEELING THE HEAT AND PINCH PRE LAUNCH HOUSING (APARTMENT) PROJECTS january 29, 2013 by ecopackindia, posted in 1 1 Vote FULL PAGE NEWS PAPER PUBLICATIONS (ADVERTISEMENTS), INTERNET (ELECTRONIC MEDIA) AND OTHER … Continue reading PRE LAUNCH PROJECTS AND OUR ARTICLE ON THE SCAM PUBLISHED ON 29-01-2013

Income Tax Sleuths Unearth Innovative Methods of Laundering and Transportation of Cash at Mumbai, Nagpur and Ahmedabad


MINISTRY OF FINANCE INCOME TAX DEPARTMENT Income Tax Sleuths Unearth Innovative Methods of Laundering and Transportation of Cash at Mumbai, Nagpur and Ahmedabad Income tax investigations at Mumbai led to the revelation of a syndicate of ground level operators active in converting banned currency notes into legal tenders for a commission. As part of the … Continue reading Income Tax Sleuths Unearth Innovative Methods of Laundering and Transportation of Cash at Mumbai, Nagpur and Ahmedabad

DEPOSITING OR ENCASHING RS.500/- AND RS.1,000/- NOTES. BEWARE !!! THE INCOME TAX DEPARTMENT IS WATCHING YOU


As per the IT department, the physical cash circulation in India is Rs 17 lakh crore and out of this, 88 per cent is Rs 500 and Rs 1,000 notes. Official data suggest that 40 per cent of black money is generated in real estate, while stock market and bullion transactions are other big sources. … Continue reading DEPOSITING OR ENCASHING RS.500/- AND RS.1,000/- NOTES. BEWARE !!! THE INCOME TAX DEPARTMENT IS WATCHING YOU

REALTOR UNDER THE INCOME TAX SCANNER AT BANGALORE


POLITICALLY POWERFUL REALTOR GROUP, WHICH ACQUIRED HUGE STRETCH OF PROPERTIES, EVER SINCE, THE ARRIVAL OF NEW GOVERNMENT IN THE STATE IS UNDER THE SCANNER OF ENFORCEMENT DIRECTORATE AND SCRUTINY BY THE INCOME TAX DEPARTMENT. THE AGENTS, DIRECTORS, SELLERS AND BUYERS ARE IN THE NET. IT IS SAID THAT THE CATCH WILL BE HUGE WITH LOTS … Continue reading REALTOR UNDER THE INCOME TAX SCANNER AT BANGALORE

BBMP BANK ACCOUNTS FROZEN BY THE INCOME TAX DEPARTMENT ON MONDAY


The notorious BBMP is in the news again as usual for its mismanagement and non compliance. The income tax department on Monday froze 40 bank accounts of the Bruhat Bangalore Mahanagara Palike (BBMP) for failing to respond to a tax notice of Rs 31.5 crore in connection with transfer development rights (TDR) certificates issued by … Continue reading BBMP BANK ACCOUNTS FROZEN BY THE INCOME TAX DEPARTMENT ON MONDAY

CBDT identifies Income Tax Return non-filers –


The Income Tax Department had initiated a business intelligence project in February, 2013 to identify PAN holders who have not filed Income Tax Return and about whom specific information is available in Annual Information Return (AIR), Central Information Branch (CIB) data and TDS/TCS Returns. In the first round of data matching, 12.19 lakh non-filers were … Continue reading CBDT identifies Income Tax Return non-filers –

Pan applicant details will be verified from 03-02-2014, before the issue of the PAN CARDS – INCOME TAX DEPARTMENT


Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes Dated 24th January, 2013 Press Release The procedure for PAN allotment process will undergo a change w.e.f. 03.02.2014. From this date onwards, every PAN applicant has to submit self-attested copies of Proof of Identity (POI), Proof of Address (POA) and Date … Continue reading Pan applicant details will be verified from 03-02-2014, before the issue of the PAN CARDS – INCOME TAX DEPARTMENT

HOUSE BUILDING CO – OP SOCIETY`S PROJECT IN SHAMBLES


THE SUPREME COURT OF INDIA`S ORDERS AND THE SUBSEQUENT PROCEEDINGS BY THE BDA AND THE STATE GOVERNMENT HAS FINALLY BROUGHT THE JUSTICE TO THE LANDLORDS, WHOSE LANDS HAD BEEN ACQUIRED FOR THE SOCIETY.  THE LAYOUT(SUPPOSES TO HAVE FORMED) AND THE ALLOTMENT STANDS CANCELLED IN RESPECT OF SEVERAL SURVEY NUMBERS. AS SUSPECTED AND PUBLISHED BY ONE … Continue reading HOUSE BUILDING CO – OP SOCIETY`S PROJECT IN SHAMBLES

BOUGHT A SITE FROM HOUSING CO-OP SOCIETY- GET READY FOR ENQUIRY!!


READ THE LINK IN KANNADA: A NEWS PAPER REPORT: CLICK ON THE LINK LARGE SCALE TAX EVASION DETECTED BY THE INCOME TAX DEPARTMENT AND THE DEPARTMENT OF STAMPS AND REGISTRATION IN KARNATAKA SITES FORMED BY HOUSING CO OP SOCIETIES AND SOLD BY THEM. CLICK ON THE LINK DOWN: http://www.kannadaprabha.com/top-news/%E0%B2%AE%E0%B3%81%E0%B2%A6%E0%B3%8D%E0%B2%B0%E0%B2%BE%E0%B2%82%E0%B2%95-%E0%B2%B6%E0%B3%81%E0%B2%B2%E0%B3%8D%E0%B2%95-%E0%B2%B5%E0%B2%82%E0%B2%9A%E0%B2%A8%E0%B3%86-%E0%B2%A8%E0%B2%BF%E0%B2%B0%E0%B3%8D%E0%B2%AE%E0%B2%BE%E0%B2%A3-%E0%B2%B8%E0%B2%82%E0%B2%98%E0%B2%97%E0%B2%B3-%E0%B2%A4%E0%B2%A8%E0%B2%BF%E0%B2%96%E0%B3%86/122729.html AN EXAMPLE: BOUGHT A SITE FROM … Continue reading BOUGHT A SITE FROM HOUSING CO-OP SOCIETY- GET READY FOR ENQUIRY!!

Income Tax Department`s NEW CHECKS !!!


The Income Tax department will check the details of any cash transaction of more than Rs 50000 if you are a non salaried person. The method adopted by the Income Tax officials is through the introduction of new forms at the time of filing of returns. These forms will contain points that will need to … Continue reading Income Tax Department`s NEW CHECKS !!!

NOTICE TO OVER 1,75,000 INCOME TAX ASSESSEES WHO HAVE NOT FILED THEIR INCOME TAX RETURNS


THE INCOME TAX DEPARTMENT HAS IDENTIFIED 12 LAKH NON-FILERS AND HAVE STARTED THE EXAMINATION OF THE DATA AND HAS ISSUED 1,75,000 NOTICES AND MORE IS EXPECTED SOON. The Income Tax Department has also initiated a Data Warehouse and Business Intelligence (DW & BI) Project to develop an integrated platform for effective utilisation of information to … Continue reading NOTICE TO OVER 1,75,000 INCOME TAX ASSESSEES WHO HAVE NOT FILED THEIR INCOME TAX RETURNS