NEW DELHI: A special unit has been created by the government in the countrywide investigation wings of the Income Tax department for focussed probe in cases of undisclosed assets held by Indians abroad and possession of black money in foreign shores, officials said. The Foreign Asset Investigation Units (FAIUs) haveContinue Reading

The Income-Tax Department determines the authenticity of bills related to expenditures on procurement of goods. The Income-Tax Department on Monday carried out a “limited verification” exercise involving a Zee Group entity to cross-check the documents related to tax payments and expenditures. “The verification exercise has been undertaken based on theContinue Reading