Page 2 - Tax Evasion

No more scheming: Bourses step up scrutiny of investors from Sikkim

Asked to re-verify clients and check order locations, following reports of tax evasion

Notices issued to 3 Chinese mobile companies for tax evasion: FM Sitharaman

The government is looking into cases of alleged tax evasion by three mobile companies of China and notices have been given to them, FM Nirmala Sitharaman informed Rajya Sabha

Indian phonemakers served notices by Customs, get Rs 20,000 cr tax bill

Before September 2020, there was no import duty on such panels, but from October 1, 2020, an import duty of 10% is levied under the Centre's phased manufacturing programme

Delhi banquet halls get notices for 'massive' tax evasion in wedding biz

Based on GST records, the income tax department's investigation arm has begun to piece together the evidence and send out notices

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

Chinese mobile maker Oppo India evaded customs duty worth Rs 4,389 cr: DRI

During the investigation, searches were conducted by DRI at the office premises of Oppo India and residences of its key management employees

Huawei India sent Rs 750 crore to parent firm even as revenues fell: Report

The I-T department has accused Huawei's Indian unit of repatriating large amounts to the parent company in China to reduce its taxable income here

What is global minimum corporate tax?

The global minimum corporate tax on MNCs was aimed at discouraging them from shifting profits to low-tax countries. But it will reduce the incentives to attract investment in developing countries

Need for ethics, corporate governance standards in startups: Piyush Goyal

While Goyal did mention the name of the startup, his statement comes after there have been several reports of corporate governance lapses at the unicorn Bharat Pe over the last few months.

Xiaomi says fully cooperating with ED on alleged tax evasion probe

In a statement shared with IANS, Xiaomi said it is a law-abiding and responsible company.

IT dept attaches 41 properties linked to Shiv Sena leader Yashwant Jadhav

The attached properties include 31 flats in Bilkhadi Chamber Building in Byculla, a flat worth Rs 5 crore in Bandra and Hotel Crown Imperial in Byculla.

Income in US on I-T radar in FY23, non-disclosure to invite action

The CBDT has rolled out an aggressive target and timeline to investigate tax evasion matters, especially those involving undisclosed foreign assets

GST authorities expand probe into alleged tax evasion by BharatPe

GST authorities have expanded the probe into alleged tax evasion by fintech firm BharatPe to include reported issuance of fake invoices by those close to the firm's ousted co-founder Ashneer Grover

CBDT claims Huawei manipulated account books to reduce taxable income

The CBDT statement made multiple charges against the company including that it 'made inflated payments against receipt of technical services from its related parties outside India'

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.