Taxmen carried out over 677 searches and issued over 3,100 notices all over India.
LightRocket via Getty Images
These parties have not contested elections since 2005.
"Political parties cannot accept old ₹500 and ₹1,000 notes as donations."
This has been the largest seizure of new currency notes post demonetisation.
Bloomberg via Getty Images
They were allegedly persons of "small mean".
Ruben Sprich / Reuters
Flummoxed tax officials suspect that Mahesh Shah was fronting for local "big shots".
The government proposed to levy a total tax, penalty and surcharge of 50 percent on the amount deposited post demonetisation.
In its bid for transparency, the Modi government is leaving no stone unturned. The Income Tax Department released time-series data relating to direct tax collections, number of taxpayers, cost of coll...
Amit Dave / Reuters
Individual as well as HUF taxpayers can save up to ₹1.5 lakh every year on income tax. This deduction is available on investments and expenses under Section 80C. One of the investment options that you...
Finance Minister Arun Jaitley said the 4-month scheme led to 64,275 declarations.
While the sluggish performance of many Indian athletes at Rio may have left us disappointed, the Income Tax Department has certainly been on its toes this year—in peak form in fact. In the first...