Income Tax Evasion
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Faked Tax Deductions? You Could Face A 200% Penalty Under Income Tax Rules
New ITR-1 and ITR-4 forms now require detailed documentation for deductions and claims, promoting transparency and accuracy.
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Income Tax Searches Premises Of Liquor Maker Som Group In 5 States
The Income-tax department on Tuesday launched multi-state searches against the Som Group, a prominent player in the liquor manufacturing and sale field, as part of a tax evasion investigation, official sources said.
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Analysing Swiss Bank Accounts Data Of Indians, Says Tax Body Chief
Central Board of Direct Taxes Chairman Nitin Gupta said Income Tax Department will analyse bank accounts of Indian nationals and organisations it received from Swiss Bank and will take action under black money Act in case any tax evasion was found.
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Rs 800 Crore Tax Evasion Suspected After 3 Days Of Raids Against Azam Khan
The Income Tax department suspected a tax evasion of more than Rs 800 crore by senior Samajwadi Party leader Azam Khan after it conducted raids on him and people associated with him for three days, official sources said on Friday.
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Income Tax Raids At Mankind Pharma Premises In Delhi Over Alleged Tax Evasion
The Income Tax department today conducted searches on the premises of Mankind Pharma over allegations of tax evasion, official sources said.
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Taxmen At BBC Offices For 2nd Day, Most Employees Asked To WFH
Searches at the BBC's offices in Delhi and Mumbai continued all night, spilling over to the second day as Income Tax officials investigated alleged tax evasion
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Nobel Laureate Maria Ressa Cleared By Philippine Court Of Tax Evasion
The 2018 case accused the journalist and her organization of not declaring taxable income worth $2.58 million.
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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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Pan-India Income Tax Raids Against Unrecognised Political Parties, Funds
The Income Tax department today launched raids in multiple states as part of a tax evasion probe against registered unrecognised political parties (RUPP) and their alleged dubious funding, official sources said.
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Tax Department Seeks To Prosecute Anil Ambani For Alleged Tax Evasion
The income tax department has sought to prosecute Reliance Group Chairman Anil Ambani under the Black Money Act for allegedly evading Rs 420 crore in taxes on undisclosed funds worth more than Rs 814 crore held in two Swiss bank accounts.
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Tax Raids On Big Names Linked To Tamil Film Industry
More than forty locations across Tamil Nadu were searched by the Income Tax Department today over suspected tax evasion by some Tamil film producers and distributors, officials have said.
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Rs 400 Crore Tax Evasion Detected After Raids On Tamil Nadu-Based Group
The Income Tax department has detected a "large-scale tax evasion" of over Rs 400 crore after recently raiding a Tamil Nadu-based group engaged in liquor manufacturing and hospitality, the Central Board of Direct Taxes (CBDT) said on Monday.
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Xiaomi Funds Worth $478 Million Said to Be Frozen by ED During Alleged Tax Evasion Investigation
ED froze Xiaomi’s $478 million (roughly Rs. 3,699 crore) worth of deposits in local bank accounts as part of an investigation into alleged tax evasion, according to sources. The freeze by the income tax department was cited by Xiaomi in a May 4 court filing in southern Karnataka state.
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Tax Department Attaches 41 Properties Linked To Shiv Sena Leader
The Income Tax department has attached as many as 41 properties allegedly belonging to Shiv Sena leader Yashwant Jadhav in connection with an alleged tax evasion case, said sources in the Income Tax Department on Friday.
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Hero MotoCorp Denies Reports Of 'Bogus Expenses' Discovered By Tax Officials
The company has categorically denied what it says are "speculative press reports" about Income Tax officials discovering bogus expenses by Hero MotoCorp of over Rs. 1,000 crore.
-
Faked Tax Deductions? You Could Face A 200% Penalty Under Income Tax Rules
New ITR-1 and ITR-4 forms now require detailed documentation for deductions and claims, promoting transparency and accuracy.
-
Income Tax Searches Premises Of Liquor Maker Som Group In 5 States
The Income-tax department on Tuesday launched multi-state searches against the Som Group, a prominent player in the liquor manufacturing and sale field, as part of a tax evasion investigation, official sources said.
-
Analysing Swiss Bank Accounts Data Of Indians, Says Tax Body Chief
Central Board of Direct Taxes Chairman Nitin Gupta said Income Tax Department will analyse bank accounts of Indian nationals and organisations it received from Swiss Bank and will take action under black money Act in case any tax evasion was found.
-
Rs 800 Crore Tax Evasion Suspected After 3 Days Of Raids Against Azam Khan
The Income Tax department suspected a tax evasion of more than Rs 800 crore by senior Samajwadi Party leader Azam Khan after it conducted raids on him and people associated with him for three days, official sources said on Friday.
-
Income Tax Raids At Mankind Pharma Premises In Delhi Over Alleged Tax Evasion
The Income Tax department today conducted searches on the premises of Mankind Pharma over allegations of tax evasion, official sources said.
-
Taxmen At BBC Offices For 2nd Day, Most Employees Asked To WFH
Searches at the BBC's offices in Delhi and Mumbai continued all night, spilling over to the second day as Income Tax officials investigated alleged tax evasion
-
Nobel Laureate Maria Ressa Cleared By Philippine Court Of Tax Evasion
The 2018 case accused the journalist and her organization of not declaring taxable income worth $2.58 million.
-
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.
-
Pan-India Income Tax Raids Against Unrecognised Political Parties, Funds
The Income Tax department today launched raids in multiple states as part of a tax evasion probe against registered unrecognised political parties (RUPP) and their alleged dubious funding, official sources said.
-
Tax Department Seeks To Prosecute Anil Ambani For Alleged Tax Evasion
The income tax department has sought to prosecute Reliance Group Chairman Anil Ambani under the Black Money Act for allegedly evading Rs 420 crore in taxes on undisclosed funds worth more than Rs 814 crore held in two Swiss bank accounts.
-
Tax Raids On Big Names Linked To Tamil Film Industry
More than forty locations across Tamil Nadu were searched by the Income Tax Department today over suspected tax evasion by some Tamil film producers and distributors, officials have said.
-
Rs 400 Crore Tax Evasion Detected After Raids On Tamil Nadu-Based Group
The Income Tax department has detected a "large-scale tax evasion" of over Rs 400 crore after recently raiding a Tamil Nadu-based group engaged in liquor manufacturing and hospitality, the Central Board of Direct Taxes (CBDT) said on Monday.
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Xiaomi Funds Worth $478 Million Said to Be Frozen by ED During Alleged Tax Evasion Investigation
ED froze Xiaomi’s $478 million (roughly Rs. 3,699 crore) worth of deposits in local bank accounts as part of an investigation into alleged tax evasion, according to sources. The freeze by the income tax department was cited by Xiaomi in a May 4 court filing in southern Karnataka state.
-
Tax Department Attaches 41 Properties Linked To Shiv Sena Leader
The Income Tax department has attached as many as 41 properties allegedly belonging to Shiv Sena leader Yashwant Jadhav in connection with an alleged tax evasion case, said sources in the Income Tax Department on Friday.
-
Hero MotoCorp Denies Reports Of 'Bogus Expenses' Discovered By Tax Officials
The company has categorically denied what it says are "speculative press reports" about Income Tax officials discovering bogus expenses by Hero MotoCorp of over Rs. 1,000 crore.
