income tax

According to the local reports, around eight Income tax official teams have been deployed to conduct raids at the six locations linked to Deshpande in Pune. The IT officials are investigating financial transactions and tax evasion of these companies.

BBC was accused of engaging in industrial level tax avoidance by employing people through personal service firms instead of direct recruitment

Sources said the above exercise, conducted by the tax authorities, is called "survey", not search or raid as per the provisions of the Income Tax Act. Such surveys are routinely conducted and are not to be confused to be in the nature of a search/raid, said sources. 

Several opposition leaders and 'liberals' attacked the Centre for the IT survey at BBC office over alleged tax irregularities.

Editors Guild of India issued a press release expressing "deep concerns" over the It survey conducted at the BBC headquarter in Delhi

The Income Tax Department is carrying out survey at the BBC office, which is a UK state sponsored media house, in Delhi.

"Give me half an hour and I will show you how to prepare a Budget for the poor," Mamata Banerjee was quoted as saying.

Comparative analysis of income tax for various taxable incomes under existing and revised tax structure under new tax regime

In the last full-fledged budget of the second Narendra Modi government, major reliefs have been announced for the income tax payers

There is no official statement from income tax department on the raids yet.