Latest News

Hyderabad: Chaitanya Bharati Institute of Technology raided for tax evasion

eTelangana.org | Published: 9th February 2019 | Posted Date: Saturday 9th February 2019 03:25 AM

Chaitanya Bharati Institute of Technology

Hyderabad: The Income-Tax department on Friday raided the Chaitanya Bharati Institute of Technology (CBIT) Society, suspecting tax evasion. The raid was conducted by the anti-evasion wing following specific inputs. The team inspected the financial statements of the college. No unaccounted cash was seized till late on Friday evening.

Sources in the Central Board of Direct Taxes confirmed the raid to this newspaper, “The staff inspected the invoices and questioned the society on financial transactions,” an officer said.

The college was in news recently for hiking the fee from `1.2 lakh to `2 lakh, leading to protests from the students. The CBIT Society is headed by Dr V. Malakonda Reddy and it is one of the premier engineering colleges in the self-financing category in the state.

Elsewhere, teams from the tax deduction at source (TDS) wing conducted a survey at the Saberi Optical Private Limited at Noor Khan Bazaar. The TDS survey is conducted when the I-T department learns that a company has deduct income tax from its employees but has not deposited it with the government.

Saberi Opticals has three directors and no reported key management personnel. The longest-serving directors on board are Afifa Yasmeen and Mohd Saberi Hussain Syed Shah, while Fakhruddin Khaja was recently appointed managing director.

 

Courtesy:https://www.deccanchronicle.com/nation/current-affairs/090219/hyderabad-chaitanya-bharati-institute-of-technology-raided-for-tax-ev.html

 

Hyderabad: Alternative to antibiotics found

Scientists identity anti-microbial protein in milk.

Goof-ups dent Telangana image

TRS leaders themselves feel that the state government has reacted rather late, allowing opposition parties to get the upper hand.

Hyderabad: Private doctors forced to pay Rs 20 lakh bond

The post-graduate students state that the bond is being demanded against the rules.

Hyderabad: Two more students commit suicide

A. Mitha, 19, killed herself by hanging because she became depressed over the results.

Hyd gang, including women, kidnaps, sells children for Rs 2.5 to 3.10 lakh

Three babies including a month-old girl were rescued from the buyers, police said.

Officials ignored thorough checks

The three levels are at the spot evaluation centres, according to senior officials of the education department.

Education board must change: K Chandrasekhar Rao

KCR orders free recounting of answer sheets of 3.28 lakh students who failed.

Hyderabad: Civic body’s pest wing reeks of graft

Stung, the corporation to reduce human role.

Kaleshwaram Lift Irrigation Scheme wet run successful

82 mega heavy duty motors installed at Kaleshwaram.

TRS minister breaks code of conduct

The office of the state election commission took cognizance of the letter and has issued a notice.

Mahindra & Mahindra to deploy 50 electric vehicles on Uber platform

Mahindras electric vehicles on the Uber platform would include the e2oPlus hatchback and the eVerito sedan.

Ugly scenes as ZPTC names announced in Telangana

Telangana Rashtra Samiti announced the name of Kova Laxmi as the chairperson candidate for Asifabad district.

comments powered by Disqus