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News INCOME TAX

  • Dec 17, 2014
  • I-T surveys find undisclosed income of Rs 1.16 lakh cr

    I-T surveys have detected undisclosed income of over Rs 1.16 lakh crore in the last three financial years, the government said on Tuesday.As per survey reports, Rs 90,390.71 crore (of 5,327 surveys) were found as undisclosed income during 2013-14; Rs 19,337.46 crore (4,630 surveys) in 2012-13 and Rs 6,572.75 crore (3,706 surveys conducted) during 2011-12, Minister of State for Finance Jayant Sinha said in a written reply to the Rajya Sabha.

    Source - http://indianexpress.com