Page 6 - Tax Evasion

CBIC cautions against sharing Aadhaar, PAN details without valid reasons

"Protect your personal data which may be used for creating fake entities in GST for evasion of taxes," the CBIC tweeted

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.

Search for tax evasion

India needs to expand its tax base

Record number of searches in FY22 as tax offences get money laundering tint

With three months still to go for the year to end, total 'undisclosed income' is about Rs 32,000 cr, far eclipsing the FY19 level of Rs 18,600 cr

Crypto exchange WazirX fined Rs 49.20 crore for Rs 40,5 cr tax evasion

The GST officials said the Mumbai Commissionerate while investigating the business activities of a cryptocurrency exchange, WazirX, detected GST evasion of Rs 40.5 crore.

Businessman Piyush Jain ready to pay penalty, wants his money back

Kanpur-based businessman Piyush Jain has asked the Directorate General of GST Intelligence (DGGI) to return the huge stash of cash seized from his premises after deducting tax and penalty.

DGGI arrests businessman Piyush Jain after recovery of Rs 187 crore

Directorate General of GST Intelligence (DGGI) Ahmedabad has arrested businessman Piyush Jain under Section 67 of the CGST Act and recovered unaccounted cash over Rs 187 crores

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

Rs 177 cr seized by DGGI from house of Kanpur perfume trader

Central Board of Indirect Taxes and Customs called this the biggest cash seizure in history

Tesla's Elon Musk says he'll pay over $11 billion in taxes this year

The billionaire may face a tax bill of more than $10 billion for 2021 if he exercises all his options due to expire next year, calculations last week by Bloomberg News showed.

French court to rule on $5 bn UBS fine for helping clients to evade taxes

The Paris appeals court is set to rule on whether to confirm or adjust the penalty against Switzerland's largest lender, which was imposed after an initial trial in 2019.

Pandora papers: A rich man's game, and its most willing participants

As an international consortium of journalists unearths the 'Pandora' list of stashes in tax havens, accountability becomes the call of the day. But what we get instead is hypocrisy, rues T N Ninan

Centre orders multi-agency investigation into Pandora Papers leak

I-T dept may evoke Black Money Act; ED to examine FEMA violation

IT dept claims multi-crore tax evasion after raids on Gujarat diamond group

The CBDT Saturday said the Income Tax Department has detected tax evasion worth crores of rupees in raids on a leading diamond manufacturer and exporter of Gujarat.

Every rupee in my foundation awaiting its turn to save a life: Sonu Sood

Every rupee in his foundation is awaiting its turn to be used to reach the needy and save precious lives, actor Sonu Sood said in a statement on Monday

IT dept officials at premises linked to actor Sonu Sood in Mumbai

Income Tax Department officials descended on the premises linked to actor Sonu Sood in Mumbai and some other places on Wednesday in connection with an alleged tax evasion probe, official sources.

Andhra commercial tax dept to use of data analytics to pick tax evaders

The Commercial Taxes Department of Andhra Pradesh will use data analytics to pick out tax evaders in the state, a top official said

Inspection of gold shops to be increased to prevent tax evasion: Kerala CM

To prevent tax evasion in gold jewellery sales, strict measures like increased inspection of gold shops would be taken, Kerala Chief Minister Pinarayi Vijayan said on Tuesday

I-T dept raids firm making synthetic yarns; detects evasion worth crores

The Income Tax (I-T) department has detected tax evasion worth crores of rupees after it raided a synthetic yarns and polyester chips making company

IT dept detects Rs 880-cr hidden income after survey of Bengaluru company

The Income Tax Department has detected "concealment" of Rs 880 cr income after it surveyed the Bengaluru premises of a leading manpower service providing company, the CBDT said on Tuesday.