Tax Evaders

J&K police probe 'tax evasion' by two educational institutes in Baramulla

Police have initiated a probe into the alleged tax evasion and Foreign Contribution (Regulation) Act (FCRA) irregularities by two educational institutions in Baramulla district of Jammu and Kashmir, officials said on Tuesday. The authorities have also registered a case against another educational institution under the Unlawful activities Prevention Act (UAPA). "Baramulla Police initiated inquiry into Al Huda and Salfia Educational Trusts in Baramulla over Tax evasion/FCRA irregularities & land issues. Probe ongoing," Baramulla police said in a post on its X handle. It said an FIR has been registered under the UAPA against Idarah Fallah-u-Darain society for alleged unlawful activities. "Raids conducted; detentions made & unauthorized donation boxes seized. Investigation ongoing to maintain peace & rule of law," the police added.

I-T dept refutes claims of crackdown on tax evaders using Digi Yatra data

The Income Tax department on Monday said it is not looking at Digi Yatra data to crack down on tax evaders. The I-T department in a post on X refuted reports which stated that Digi Yatra data will be used to crack down on tax evaders. "In this connection it is clarified that as on date there is no such move by the @IncomeTaxIndia department," it said on X. Based on Facial Recognition Technology (FRT), Digi Yatra provides for contactless, seamless movement of passengers at various check points at airports. The data shared by a passenger for Digi Yatra is stored in an encrypted format. For availing the service, a passenger has to register his or her details on the Digi Yatra app using Aadhaar-based validation and a self-image capture. In the next step, the boarding pass has to be scanned and the credentials are shared with the airport. Digi Yatra is managed by the Digi Yatra Foundation. Its shareholders are Airport Authority of India (AAI), Cochin International Airport Ltd (CIAL),

ED conducts raids against Harak Singh Rawat in money laundering case

The Enforcement Directorate on Wednesday conducted searches against Congress leader and former minister Harak Singh Rawat as part of a money laundering investigation, official sources said. The searches were carried out at multiple premises in Uttarakhand, Delhi and Chandigarh, they said. Rawat had quit the BJP ahead of the 2022 Uttarakhand assembly polls and joined the Congress. The ED investigation is understood to be linked to alleged illegal activities in the state's Corbett Tiger Reserve.

DGGI flagged 46% surge in evasion cases worth Rs 1.98 trillion in 2023

140 masterminds behind GST evasion cases and 116 behind ITC frauds were arrested in 2023

Tax havens: What are they, and which are the top tax havens in the world?

In 2016, a report by Citizen for Tax Justice stated that over 370 companies out of Fortune 500 operate subsidiaries in tax haven nations

I-T Dept sends 8,000 notices to taxpayers who claimed exemption for charity

The people who have been served notices include salaried employees, self-employed individuals, and companies

Want to go after Russian sanctions' evaders: EU chief prosecutor Kovesi

The bloc has so far frozen about €18.9 billion of assets belonging to sanctioned Russian individuals and entities since Vladimir Putin's February invasion of Ukraine

G-20 meet: FM Sitharaman for info sharing on crypto, immovable assets

Tax evaders explore other avenues to shift their unaccounted wealth through investment in non-financial assets, Sitharaman pointed out

I-T searches on China's Huawei over tax evasion, firm says co-operating

The Income Tax department on Wednesday carried out raids at multiple premises linked to Chinese tech conglomerate Huawei across the country in connection with alleged tax evasion.

Perfume industrialist Piyush Jain arrested over tax evasion charges

Kanpur-based businessman Piyush Jain, whose premises were raided by central agencies, has been arrested on charges of tax evasion, a senior official said

I-T dept to crack the whip on tax evaders, resume probe in pending cases

The move will help the department shore up revenue, clear backlogs, and resume probe in pending matters.

UP collects Rs 80,000 crore in taxes during first 8 months of FY19

Yogi government to target tax evaders through stiffer enforcement of tax rules

Central task force plans crackdown on tax evaders

To discuss Panama & Paradise papers, and future strategy at Friday meet

L&T Infotech bags contract for Project Insight

To help I-T dept nab tax evaders

Tax evaders need to be legitimate by Sept 30: Jaitley

Govt has said that there will be no inquiry into the source of the undisclosed income & assets if declaration is made voluntarily