Wednesday, May 25, 2022
Outlook.com

Tax Evasion

Panama Papers: ED Raids Four Locations In Madhya Pradesh, Goa, Seizes Rs 88.30 Lakh

Panama Papers: ED Raids Four Locations In Madhya Pradesh, Goa, Seizes Rs 88.30 Lakh

Rs 88.30 lakh in cash and 'incriminating documents' were recovered in raids on locations in MP and Goa linked to Sanjay Vijay Shinde.

13 May 2022
Bureau of Police Research & Development Organises Seminar on Crypto; Bitcoin Rises

Bureau of Police Research & Development Organises Seminar on Crypto; Bitcoin Rises

Price of Bitcoin rose 6.40% in last 24 hours, Dogecoin up by 7.04% 

28 March 2022

High-End Houses An Attractive Real Estate Segment In Bengaluru

In Bengaluru residential real estate, houses in the Rs60 lakh-3 crore range see maximum demand, shows data from Square Yards. In size, 3BHK apartments are most...

Advance Tax Collections Jump 41%; Net Direct Tax Mop-Up Soars 48% To Rs 13.6 Lakh Crore

Advance Tax Collections Jump 41%; Net Direct Tax Mop-Up Soars 48% To Rs 13.6 Lakh Crore

The direct tax collection for FY22 has beaten the revised estimate of Rs 12.50 lakh crore, as it stood at Rs 13.63 lakh crore as of March 17

17 March 2022

CBDT Claims Huawei Manipulated Account Books To Reduce Taxable Income In India

The company, during the searches, had said it was 'firmly compliant' with Indian laws

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13 December 2021
5 Common Tax Filing Mistakes To Steer Clear Of This ITR Season

5 Common Tax Filing Mistakes To Steer Clear Of This ITR Season

Making a mistake may compel the taxpayer to file revised returns or face an inordinate delay in getting refunds, etc. It is always better to be on your guard...


26 November 2021
Carlos Arthur Nuzman, Former Brazilian Olympic Committee Boss, Sentenced To Jail

Carlos Arthur Nuzman, Former Brazilian Olympic Committee Boss, Sentenced To Jail

Carlos Arthur Nuzman, who also headed the Rio 2016 organizing committee, was found guilty of corruption, criminal organization, money laundering and tax...


11 October 2021
India Gets Third List Of Its Nationals Having Swiss Bank Account

India Gets Third List Of Its Nationals Having Swiss Bank Account

This was the third such exchange between the Swiss body and India under the framework of the global standard on the automatic exchange of information (AEOI).


09 October 2021
EXPLAINER: How Global Deal Stems Corporate Use Of Tax Havens

EXPLAINER: How Global Deal Stems Corporate Use Of Tax Havens

The sweeping agreement was struck Friday among 136 countries after talks overseen by the Organization for Economic Cooperation and Development.


02 October 2021
Filing Your Tax Returns? Remember To List Income From All Sources

Filing Your Tax Returns? Remember To List Income From All Sources

“Taxpayers should pay extra attention to savings bank Interest, gifts coming into the bank account, any large sum from the sale of capital assets to match...


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24 July 2021
Dainik Bhaskar Raids: CBDT Says Rs 2,200 Cr 'Fictitious Transactions' Detected

Dainik Bhaskar Raids: CBDT Says Rs 2,200 Cr 'Fictitious Transactions' Detected

The CBDT said the quantum of tax evasion detected so far amounts to Rs 700 crore spread over a period of six years.


24 July 2021
Dainik Bhaskar Raids: CBDT Says Rs 2,200 Cr 'Fictitious Transactions' Detected

Dainik Bhaskar Raids: CBDT Says Rs 2,200 Cr 'Fictitious Transactions' Detected

The CBDT said the quantum of tax evasion detected so far amounts to Rs 700 crore spread over a period of six years.


22 July 2021
Dainik Bhaskar Offices Raided By Tax Department For Evasion

Dainik Bhaskar Offices Raided By Tax Department For Evasion

The searches are being conducted in Bhopal, Jaipur, Ahmedabad and some other locations in the country.


06 May 2021
Income Tax Return Or ITR For FY20 Can Be Filed Till May 31; Here’s How

Income Tax Return Or ITR For FY20 Can Be Filed Till May 31; Here’s How

CBDT said this move is aimed at mitigating ‘the difficulties being faced by various stakeholders’ amid the Covid-19 pandemic.


05 January 2021
Non-Tax Revenue Generation, Leveraging Digital

Non-Tax Revenue Generation, Leveraging Digital

Basic economics shows that indirect taxation distorts the economy and how direct taxation is discriminatory in nature, as many are outside the purview of...


10 December 2020
Hunter Biden Facing Federal Investigation Over 'Tax Affairs'

Hunter Biden Facing Federal Investigation Over 'Tax Affairs'

The Justice Department's investigation, centring on potential tax fraud crimes, had been going on at least a year before President-elect Joe Biden announced...


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10 October 2020
Tax-Tainted Leaders

Tax-Tainted Leaders

The leaked documents of Panamanian law firm Mossack Fonseca showed that 12 current or former heads of state are on the list of suspected money laundering.


07 October 2020
German Football Association Offices Raided On Suspicion Of Tax Evasion

German Football Association Offices Raided On Suspicion Of Tax Evasion

The German Football Association (DFB) chose to give itself a "major tax advantage" by intentionally falsely declaring income, German prosecutors allege


17 June 2019
Tax Evaders Beware! No Escape By Just Paying Penalty From Today

Tax Evaders Beware! No Escape By Just Paying Penalty From Today

A person or entity would not be able to settle a case of tax evasion by just paying the tax demand, penalty and interest as per the new guidelines that kick in...


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