Page 9 - Tax Evasion

GST officials unearth Rs 241-cr tax evasion through fake invoicing

The racket was busted by the anti-evasion wing of CGST Delhi South Commissionerate

I-T crackdown: Brokers, investors come under scanner for fraudulent trades

Conducts searches at over 150 places linked to brokers, investors for alleged tax evasion

I-T dept serves notice to Congress for 'hawala funds' worth Rs 170 cr

The IT department seeks Congress' explanation for receiving the funds from a company as part of its tax evasion probe.

Tax evasion: I-T makes highest cash seizure of Rs 9.55 cr in Pune

The policy-making body of the department said the action was undertaken on November 4. It did not identify the entity.

Swiss pact on tax info to help fight scourge: President Ram Nath Kovind

'The scourge of terrorism is among the gravest challenges that the world faces today', said President Kovind

Evasion of tax up to Rs 25 lakh won't be prosecuted in court: CBDT

The directive is being seen as a major move to cut down tax litigation and will save a number of assessees from legal proceedings

UP govt to crack down on tax evasion, eyes over Rs 1.4-trn revenue in FY20

CM Adityanath also exhorted the excise department to pull up its socks for posting higher excise revenue in the current financial year

Tax evasion may derail India's fiscal deficit goal as demand wanes

Poorer tax compliance adds to the government's revenue collection woes amid a broader slowdown in the economy

Rs 200-cr foreign assets found in raid against Cong's Kuldeep Bishnoi: CBDT

Bishnoi is a Congress MLA from the Adampur constituency in Haryana; the department has searched 13 premises linked to him in Haryana, Delhi, and Himachal Pradesh

Budget 2019: How FM Nirmala Sitharaman aims to plug tax leakages

Several proposals in the finance minister's speech aim to increase the number of tax filers and reduce the scope for tax avoidance

India notifies pact with US for exchange of reports on tax evasion by MNCs

A CbC report aggregates country-by-country information relating to the global allocation of income, taxes paid, and certain other indicators of an MNC

Difficult to end tax evasion

It's possible to curb tax evasion using high-end technology. But, it requires an honest intention to make use of the treasure trove of data that is captured

Indirect tax evasion of Rs 291 billion detected between April and Oct: Govt

On recovery of evaded taxes, an official said that a total amount of Rs 54.27 bn was realised during the seven-month period till Oct

Delhi Minister Kailash Gahlot evaded Rs 1.2 bn in tax: I-T dept after raids

An unnamed I-T department official said the amount of tax evasion by Gahlot was a 'conservative' figure as of now

I-T dept raids Quint founder Raghav Bahl's house over alleged tax evasion

Bahl is the founder of the Quint news portal and the Network18 group and is a known media entrepreneur

I-T dept raids Raghav Bahl, Quint; don't take journalistic material he says

Bahl is the founder of the Quint news portal and the Network18 group and is a known media entrepreneur

I-T dept picks only 0.35% tax evasion cases for scrutiny, says CBDT chief

Out of the 0.35 per cent cases picked up for scrutiny, 0.15 per cent are for 'limited scrutiny' and 0.20 per cent are for 'full scrutiny'

Become whistle-blowers, expose tax evaders: Piyush Goyal to businessmen

Union Finance Minister Goyal said businessmen should compete not to evade taxes but to produce and deliver quality goods and services

China caps bank card withdrawals abroad at $15,370 annually

Domestic card users will also be barred from withdrawing more than 10,000 yuan a day overseas

Paying your taxes honestly? How GST data may be used to track tax evaders

When GST was introduced it was hailed as a game-changing tax reform