Income Tax Default

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  Old Tax Regime And New Tax Regime Explained In 3 Scenarios

  The new tax regime has been made the default system for everyone. The old tax regime will be available on request, the finance minister announced

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  ED Investigates Gaming Companies’ GST Evasion Worth Rs. 23,000 Crore

  The Directorate of Enforcement is investigating GST evasion of about Rs 23,000 crore by gaming companies between April 2019 and November 2022, Minister of State for Finance Pankaj Chaudhary said on Monday. The ED has attached proceeds of crime in cases related to cyber and crypto assets frauds.

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  Delhi Government Warns Of Strict Action Against Firms Defaulting On Tax

  The Delhi government has warned tax defaulters of stringent action as it found that 10,800 companies did not pass on the full amount they collected from people as taxes, an official statement said.

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  Karnataka Businessman Jailed For Rs 7.35 Crore Tax Default

  The Income-Tax department arrested and jailed a Karnataka businessman for defaulting on paying Rs 7.35 crore as income tax arrears and interest despite reminders, an official said today.

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  Bengaluru Businessman Arrested While Trying To Leave India: Tax Officials

  A city-based businessman, who has defaulted on income tax payments with arrears of Rs 11.94 crore plus interest, was on Tuesday detained to a civil prison at Parappana Agrahara Central Jail for six months for failing to make satisfactory arrangement for payment of arrears, officials said.

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  Man Arrested For Rs 12 Crore Tax Default From Mumbai Airport

  The Income Tax Department has invoked a rarely used power and arrested a Karnataka-based businessman for alleged tax default of about Rs 12 crore, a senior official said on Tuesday.

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  Income Tax Department Files Six Cases Against Rotomac Owner

  Rotomac owner Vikram Kothari is being investigated in connection with the Rs 3,695 crore bank loan default case involving Bank of Baroda.

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  Tax Defaulters Not To Get Off The Hook Easily. 5 Things To Know

  The government of India has recently amended the rules and empowered the taxman to use banking, insurance and municipal corporation's database to obtain address of an untraceable income tax defaulter

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  Tax Defaulters Beware: CBDT Enables I-T Department To Get Address From Bank, Civic Agencies

  Till now, tax authorities could only issue notice to a defaulting or erring taxpayer as per the address provided by them in their PAN (Permanent Account Number)

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  I-T Department To Investigate Suspicious Deposits Post Notes Ban

  The action is a part of the Operation Clean Money (OCM), initiated by the department early this year

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  Income Tax Department Publishes Names Of Delhi Defaulters Owing Over 10 Crore In Taxes

  The Income Tax department today published names of five entities owing over Rs 10 crore in taxes, as part of its strategy to name and shame big defaulters.

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  Income Tax Department Makes Public List Of Defaulters Owing 448 Crore

  The Income Tax department today released a list of 29 entities owing 448.02 crore in taxes as part of its strategy to name and shame large defaulters.

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  Income Tax Department To 'Name And Shame' Chronic Crorepati Defaulters

  As part of its 'naming and shaming' policy to curb tax evasion, the Income Tax Department may soon go on to publish names of even those taxpayers who have a 'chronic' default of Rs one crore and above.

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  Arrest Wilful Defaulters, Income Tax Department Tells Its Officers

  Challenged by increasing cases of defaulters who smartly evade paying due taxes, the Income Tax department has asked its officers not to shy away from invoking the rare provisions of arrest, detention and auctioning of attached assets of the accused.

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  Trump's History On Taxes Collides With His Campaign Rhetoric

  The GOP presidential candidate's history on taxes collides with his campaign rhetoric.