Page 6 - Tax Evasion

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

Tax evasion via stocks: Sebi revokes ban on 82 entities

Sebi has revoked the confirmatory orders against these 82 entities with immediate effect

Tax evasion through stocks: Sebi revokes ban on 307 entities

Also, Sebi would continue its proceedings against 96 remaining debarred entities

India, 67 nations sign pact to check tax evasion by MNCs

To plug loopholes in existing laws that allowed companies to evade taxes

Data shared with FinMin shows tax evasion worth Rs 15,047 cr

13 tax evaders arrested; 1,500 cases of evasion registered in FY17

BSE chief vows to crack down on tax evasion

Ashish Chauhan said 80-90% of capital gains tax exemption being claimed were from larger companies.

13 locations searched: I-T dept raids TN chief secy's son, kin in tax evasion probe case

The Income Tax department today conducted searches at over a dozen locations in connection with its tax evasion probe against the son and few other relatives of Tamil Nadu Chief Secretary P Rama Mohana Rao. The searches that began as early as 6:00 AM are on at various places in the state and neighbouring state of Andhra Pradesh. "A total of 13 premises are being searched," a senior official said, adding the premises connected to Rao's son and other relatives are part of the operation. It is understood that the official residence of the Chief Secretary in the state capital here has also been brought under the said operation. Rao was appointed the top state bureaucrat in June this year by the state government. The searches, they said, are related to the department's probe in thebiggest haul of cash and gold here post demonetisation, in which over Rs 142 crore unaccounted assets have been recovered so far. The total seizure in the case is overRs 170 crore in a single case related ..