Page 3 - Tax Evasion

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.

GST officials book 8,000 cases involving fake ITC of over Rs 35k cr in FY21

Under the GST regime, at the time of paying tax on output, entities can reduce the tax they have already paid on inputs.

Trump Organisation CFO Allen Weisselberg surrenders to New York prosecutors

Trump Organisation's chief financial officer Allen Weisselberg has surrendered to Manhattan District Attorney's Office as he faces criminal charges on alleged tax crimes

130 countries agree to Biden-backed 15% global minimum tax for companies

The deal calls for a global minimum tax of at least 15%, a key element pushed by Biden as he seeks to raise more revenue for his infrastructure and clean energy plans

Trump Organisation, CFO Weisselberg indicted by grand jury for tax crimes

A grand jury in Manhattan has filed criminal indictments on Wednesday against former US President Donald Trump's company and its longtime chief financial officer Allen Weisselberg

GST evasion by winning bidders: Rly purchases since July '17 face enquiry

DGGI decision relates to misclassification of supplies

Statsguru: 6 charts explain how corporate taxes help govts globally

A look at select countries - four advanced economies, three emerging markets and India - shows the extent to which corporate taxes help governments