Tax Evasion

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.

GST collections increased 13 per cent to Rs 1.72 lakh crore in October, the second highest-ever, helped by momentum in the economy, efforts of taxmen in checking evasion and festive demand.

GST authorities have issued show cause notices worth Rs 1 lakh crore to online gaming companies for tax evasion so far, a senior official said on Wednesday.

Income-tax department officials surveyed the premises of Samajwadi Party (SP) leader Azam Khan's Mohammad Ali Jauhar University in Rampur district on Wednesday for a valuation exercise as part of a tax-evasion probe against him and his family.

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.

Delhi Finance Minister Atishi today said tax evasion notices worth Rs 1.5-lakh crore to online gaming companies will finish them and vowed to seek their withdrawal at the GST Council meeting during the day.

Shakira's legal team said that she had not received any notification of the new case in Miami, where she is now based.

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.

The Income-tax department on Wednesday launched raids at over 30 premises in Uttar Pradesh and Madhya Pradesh as part of a tax evasion probe against Samajwadi Party leader Azam Khan and those linked to him, official sources said.

GST collections grew by 11 per cent to over Rs 1.59 lakh crore in August on the back of improved compliance and reduced evasion, with experts forecasting higher mop-up to continue in the upcoming festive season.

Chinese smartphone makers, including Oppo Mobile, Vivo India and Xiaomi Technology, have been found evading taxes worth Rs. 9,000 crore in India, Parliament was informed on Friday. Data shared by the Minister of State for Electronics and IT Rajeev Chandrasekhar in Rajya Sabha showed tax evasion comprising customs duty and GST.

GST authorities have so far cancelled over 4,900 GST registrations and detected tax evasion of over Rs 15,000 crore during the ongoing two-month drive to weed out fake GSTINs which will end on July 15, a senior tax official said on Wednesday.

Six years after Goods and Services Tax revenue of Rs 1.5 lakh crore every month has become a new normal and tax officers are focusing on dealing with fraudsters who are adopting newer modus operandi to game the system, causing loss to the exchequer.

The company has issued a statement saying it has collaborated with and provided all support to tax authorities.

A whopping Rs 23,000 crore tax evasion has been found in tax searches at multiple locations of Shree Cement Ltd in Rajasthan, sources have told NDTV, claiming it is one of the biggest tax evasion to date.

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.

GST collections increased 13 per cent to Rs 1.72 lakh crore in October, the second highest-ever, helped by momentum in the economy, efforts of taxmen in checking evasion and festive demand.

GST authorities have issued show cause notices worth Rs 1 lakh crore to online gaming companies for tax evasion so far, a senior official said on Wednesday.

Income-tax department officials surveyed the premises of Samajwadi Party (SP) leader Azam Khan's Mohammad Ali Jauhar University in Rampur district on Wednesday for a valuation exercise as part of a tax-evasion probe against him and his family.

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.

Delhi Finance Minister Atishi today said tax evasion notices worth Rs 1.5-lakh crore to online gaming companies will finish them and vowed to seek their withdrawal at the GST Council meeting during the day.

Shakira's legal team said that she had not received any notification of the new case in Miami, where she is now based.

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.

The Income-tax department on Wednesday launched raids at over 30 premises in Uttar Pradesh and Madhya Pradesh as part of a tax evasion probe against Samajwadi Party leader Azam Khan and those linked to him, official sources said.

GST collections grew by 11 per cent to over Rs 1.59 lakh crore in August on the back of improved compliance and reduced evasion, with experts forecasting higher mop-up to continue in the upcoming festive season.

Chinese smartphone makers, including Oppo Mobile, Vivo India and Xiaomi Technology, have been found evading taxes worth Rs. 9,000 crore in India, Parliament was informed on Friday. Data shared by the Minister of State for Electronics and IT Rajeev Chandrasekhar in Rajya Sabha showed tax evasion comprising customs duty and GST.

GST authorities have so far cancelled over 4,900 GST registrations and detected tax evasion of over Rs 15,000 crore during the ongoing two-month drive to weed out fake GSTINs which will end on July 15, a senior tax official said on Wednesday.

Six years after Goods and Services Tax revenue of Rs 1.5 lakh crore every month has become a new normal and tax officers are focusing on dealing with fraudsters who are adopting newer modus operandi to game the system, causing loss to the exchequer.

The company has issued a statement saying it has collaborated with and provided all support to tax authorities.

A whopping Rs 23,000 crore tax evasion has been found in tax searches at multiple locations of Shree Cement Ltd in Rajasthan, sources have told NDTV, claiming it is one of the biggest tax evasion to date.