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Tension Grips Priyank Kharge's Turf Over Crackdown Ahead Of RSS March
Chittapur, the constituency of Karnataka Minister Priyank Kharge, remains tense after municipal officials removed saffron flags and banners put up ahead of a proposed Rashtriya Swayamsevak Sangh (RSS) tomorrow.
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Income Tax Department Said to Target Over 400 Wealthy Binance Traders in Major Tax Evasion Crackdown
The tax authorities have launched an extensive investigation into over 400 wealthy Binance users for possible tax evasion between 2022 and 2025. Officials are examining peer-to-peer trades and payments via banks, Google Pay, and cash. Binance’s re-entry in 2024, following a $2.25 million (Rs. 20 crore) fine and registration with the FIU, has give...
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Operation Numkhor: Authorities Crack Down On Luxury Car Collection, Raid Dulquer Salmaan's House
The car collection of Dulquer Salmaan includes models like Ferrari 296 GTB, a Porsche 911 GT3, a Mercedes-Benz SLS AMG, and a BMW M3 E46.
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Million-Dollar Wedding Draws Scrutiny As Pakistan Scans Social Media In Tax Hunt
Diamond sets and a drone light show at a near-million-dollar wedding have become evidence for Pakistan's tax authorities under a new "Lifestyle Monitoring Cell" tasked with scanning social media for lavish spenders, officials said.
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UAE to Begin Sharing Crypto Tax Data Under Crypto Asset Reporting Framework in 2028
The UAE has signed the Multilateral Competent Authority Agreement (MCAA) under the Crypto-Asset Reporting Framework (CARF), joining global efforts to automatically exchange cryptocurrency tax information. The framework will be implemented in 2027, with the first data sharing expected in 2028. Public consultation, running from September 15 to Novemb...
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Explained: What Happens To Trump's Tariffs After US Court Knocked Them Down
US President Donald Trump has audaciously claimed virtually unlimited power to bypass Congress and impose sweeping taxes on foreign products. Now a federal appeals court has thrown a roadblock in his path.
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Trump Injects New Dose Of Uncertainty In Tariffs As He Pushes Start Date To August 7
When Trump signed the order Thursday night imposing new tariffs, the start date of the punishing import taxes was pushed back seven days.
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Hyundai Motor India Receives Rs 517.34 Cr Tax, Penalty From GST Authority
Hyundai Motor India Ltd has said in a SEBI regulatory filing that it has received a demand from tax authorities, along with a penalty from the GST authority.
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Government Extends Top Tax Authority CBDT Chairman's Tenure By A Year
The government has extended the tenure of Ravi Agrawal as the Chairman of the Central Board of Direct Taxes (CBDT) by another year.
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New India Assurance Gets GST Demand Notice Of Nearly Rs 2,300 Crore
New India Assurance Company Ltd on Thursday said tax authorities have issued a show cause notice with a demand of Rs 2,298 crore Goods and Services Tax (GST) for five financial years.
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Samsung Fights $520 Million India Tax Demand, Points to Reliance Practice
Samsung has asked the Customs Excise and Service Tax Appellate Tribunal in Mumbai to quash a $520 million (roughly Rs. 4,381 crore) tax demand for allegedly misclassifying imports of networking gear. The South Korean giant has said that Mukesh Ambani-led Reliance also imported the same component in a similar manner for years.
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How Long Will Income Tax Refund Take If You File ITR In April
The Income Tax Department usually notifies the ITR forms in a phased manner starting in April. The tax authorities will soon make the required forms available for the ITR filing to begin this month.
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Pay More For Road Journeys, Toll Charges At National Highways Hiked
Commuters on national highways and expressways will need to pay more for their road journeys, as the National Highways Authority of India (NHAI) has increased toll charges by an average of 4 to 5 per cent on highway sections across the country.
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FM Claims Access to WhatsApp Messages Led to Seizure of Crypto Worth Rs. 90 Crore
This week in Parliament, Finance Minister Nirmala Sitharaman stated that encrypted communication channels are being misused for financial crimes like money laundering and tax evasion. She revealed that authorities were able to seize over Rs. 90 crores in crypto assets from a syndicate thanks to access to WhatsApp messages.
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Samsung Ordered to Pay $601 Million in Back Taxes in India, Penalties Over Telecom Imports
India has ordered Samsung to pay $601 million (roughly Rs. 5,149 crore) in back taxes and penalties for dodging import tariffs. The Samsung investigation began in 2021 when tax inspectors searched its offices in the financial capital of Mumbai and Gurugram near New Delhi, seizing documents, emails and some electronic devices.
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Tension Grips Priyank Kharge's Turf Over Crackdown Ahead Of RSS March
Chittapur, the constituency of Karnataka Minister Priyank Kharge, remains tense after municipal officials removed saffron flags and banners put up ahead of a proposed Rashtriya Swayamsevak Sangh (RSS) tomorrow.
-
Income Tax Department Said to Target Over 400 Wealthy Binance Traders in Major Tax Evasion Crackdown
The tax authorities have launched an extensive investigation into over 400 wealthy Binance users for possible tax evasion between 2022 and 2025. Officials are examining peer-to-peer trades and payments via banks, Google Pay, and cash. Binance’s re-entry in 2024, following a $2.25 million (Rs. 20 crore) fine and registration with the FIU, has give...
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Operation Numkhor: Authorities Crack Down On Luxury Car Collection, Raid Dulquer Salmaan's House
The car collection of Dulquer Salmaan includes models like Ferrari 296 GTB, a Porsche 911 GT3, a Mercedes-Benz SLS AMG, and a BMW M3 E46.
-
Million-Dollar Wedding Draws Scrutiny As Pakistan Scans Social Media In Tax Hunt
Diamond sets and a drone light show at a near-million-dollar wedding have become evidence for Pakistan's tax authorities under a new "Lifestyle Monitoring Cell" tasked with scanning social media for lavish spenders, officials said.
-
UAE to Begin Sharing Crypto Tax Data Under Crypto Asset Reporting Framework in 2028
The UAE has signed the Multilateral Competent Authority Agreement (MCAA) under the Crypto-Asset Reporting Framework (CARF), joining global efforts to automatically exchange cryptocurrency tax information. The framework will be implemented in 2027, with the first data sharing expected in 2028. Public consultation, running from September 15 to Novemb...
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Explained: What Happens To Trump's Tariffs After US Court Knocked Them Down
US President Donald Trump has audaciously claimed virtually unlimited power to bypass Congress and impose sweeping taxes on foreign products. Now a federal appeals court has thrown a roadblock in his path.
-
Trump Injects New Dose Of Uncertainty In Tariffs As He Pushes Start Date To August 7
When Trump signed the order Thursday night imposing new tariffs, the start date of the punishing import taxes was pushed back seven days.
-
Hyundai Motor India Receives Rs 517.34 Cr Tax, Penalty From GST Authority
Hyundai Motor India Ltd has said in a SEBI regulatory filing that it has received a demand from tax authorities, along with a penalty from the GST authority.
-
Government Extends Top Tax Authority CBDT Chairman's Tenure By A Year
The government has extended the tenure of Ravi Agrawal as the Chairman of the Central Board of Direct Taxes (CBDT) by another year.
-
New India Assurance Gets GST Demand Notice Of Nearly Rs 2,300 Crore
New India Assurance Company Ltd on Thursday said tax authorities have issued a show cause notice with a demand of Rs 2,298 crore Goods and Services Tax (GST) for five financial years.
-
Samsung Fights $520 Million India Tax Demand, Points to Reliance Practice
Samsung has asked the Customs Excise and Service Tax Appellate Tribunal in Mumbai to quash a $520 million (roughly Rs. 4,381 crore) tax demand for allegedly misclassifying imports of networking gear. The South Korean giant has said that Mukesh Ambani-led Reliance also imported the same component in a similar manner for years.
-
How Long Will Income Tax Refund Take If You File ITR In April
The Income Tax Department usually notifies the ITR forms in a phased manner starting in April. The tax authorities will soon make the required forms available for the ITR filing to begin this month.
-
Pay More For Road Journeys, Toll Charges At National Highways Hiked
Commuters on national highways and expressways will need to pay more for their road journeys, as the National Highways Authority of India (NHAI) has increased toll charges by an average of 4 to 5 per cent on highway sections across the country.
-
FM Claims Access to WhatsApp Messages Led to Seizure of Crypto Worth Rs. 90 Crore
This week in Parliament, Finance Minister Nirmala Sitharaman stated that encrypted communication channels are being misused for financial crimes like money laundering and tax evasion. She revealed that authorities were able to seize over Rs. 90 crores in crypto assets from a syndicate thanks to access to WhatsApp messages.
-
Samsung Ordered to Pay $601 Million in Back Taxes in India, Penalties Over Telecom Imports
India has ordered Samsung to pay $601 million (roughly Rs. 5,149 crore) in back taxes and penalties for dodging import tariffs. The Samsung investigation began in 2021 when tax inspectors searched its offices in the financial capital of Mumbai and Gurugram near New Delhi, seizing documents, emails and some electronic devices.
