income tax department -

Dubai-based woman invests 3.41 crore in FCNR deposits along with husband, gets tax notice for unexplained money; ITAT gives relief saying bank confirmed source and AO mistook yen for rupees

ITAT Jaipur identified a significant error in the AO’s assessment. (Image for representative purpose only) Indians based globally and investing in India can in some cases face tax notices for…

I-T department estimates 25,000 cr tax evasion by restaurants

2 weeks ago

Bani Arora

No Comments

NEW DELHI: The income tax department has detected massive evasion by restaurants, which may be of the order of over Rs 25,000 crore.Just based on data from Swiggy and Zomato,…