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Income Tax Department seizes Rs 440 crore dividend income of Cairn Energy
Sun, Apr 15, 2018
The ITD had previously seized Rs 666 crore of dividends due to Cairn from its 4.95 per cent residual holding in Vedanta Ltd. It has also refused to pay tax refund of Rs 1,594 crore due to Cairn as a result of overpayment of capital gains tax to recover the dues. Sources said Vedanta, owned by billionaire Anil Agarwal, had last month declared for shareholders a Rs 21.2 a share dividend and a 7.5 per cent payment on preference shares
Post-demonetisation number of taxpayers increased: FinMin
Fri, Dec 22, 2017
During the period from April 2017 to October 2017, ITD conducted search operation on around 275 groups, in which undisclosed income of over Rs 7,800 crore was admitted.
Income Tax Department launches Operation Clean Money to verify demonetisation data with tax payers' filings
Tue, Jan 31, 2017
India's Income Tax Department has launched Operation Clean Money on Tuesday to verify deposited demonetised notes with tax payer's IT filings.