- PM Modi visit USAOnly the mirror in my washroom and phone gallery see the crazy me : Sara KhanKarnataka rain fury: Photos of flooded streets, uprooted treesCannes 2022: Deepika Padukone stuns at the French Riviera in Sabyasachi outfitRanbir Kapoor And Alia Bhatt's Wedding Pics - Sealed With A KissOscars 2022: Every Academy Award WinnerShane Warne (1969-2022): Australian cricket legend's life in picturesPhotos: What Russia's invasion of Ukraine looks like on the groundLata Mangeshkar (1929-2022): A pictorial tribute to the 'Nightingale of India'PM Modi unveils 216-feet tall Statue of Equality in Hyderabad (PHOTOS)
The 18-year-old, Chirag Chikkara clinched a gold medal in the men’s freestyle 57kg categ
- FIFA president Infantino confirms at least 9 African teams for the 2026 World Cup
- Hockey, cricket, wrestling, badminton, squash axed from 2026 CWG in Glasgow
- FIFA : Over 100 female footballers urge FIFA to reconsider partnership with Saudi oil giant
- Ecuador ready to make history against Uruguay: Beccacece
- Divanshi wins second gold as India sweep women's 25m standard pistol at Lima Junior Worlds
I-T searches yielded Rs 49,247 crore: Minister Last Updated : 24 Mar 2017 07:06:42 PM IST (File Photo)
Income Tax Department searches resulted in unearthing undisclosed income ' title=' undisclosed income '>undisclosed income and assets worth Rs 49, 247 crore in the last four years, Parliament was informed on Friday.
The department searched 2,534 groups of persons from 2013-14 to 2015-16 and until January 2017, which led to admission of undisclosed income ' title=' undisclosed income '>undisclosed income of about Rs 45,622 crore apart from seizure of undisclosed assets (cash, jewellery) worth about Rs 3,625 crore, Minister of State for Finance Santosh Kumar Gangwar said in the Lok Sabha.
Besides levy of taxes on the total income of those persons whose assessments were completed in the last three years and up to January 2017, the Department filed prosecution complaints in 2,432 cases, he said.
"During the same period, 4,264 compounding applications were also received from persons who had committed offences under the Income Tax Act. Out of the cases disposed of by the criminal courts during this period, 116 persons were convicted," he added.
The government had taken various measures to tackle breach of law and tax evasion including enforcement action and putting in place legislative and administrative frameworks and processes, Gangwar said.IANS For Latest Updates Please-
Join us on
Follow us on
172.31.16.186