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Bengaluru Man Bought A 7.5 Crore Ferrari And Tried To Dodge Tax Officials
In a high-octane crackdown on tax evasion, a Ferrari owner was forced to shell out Rs 1.42 crore after Regional Transport Office officials caught the luxury supercar being used on the streets of Bengaluru without road tax being paid in Karnataka.
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High-End Vehicles To Become More Expensive In Maharashtra. Here's Why
High-end cars, CNG/LNG vehicles and goods carriers in Maharashtra are set to become more expensive from Tuesday due to the revised one-time tax structure of the state government, officials said.
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Posed As Income Tax Officers, 3 Men Dupe Navi Mumbai Woman Of Rs 1.8 Crore
Police in Navi Mumbai have busted an interstate gang involved in digital arrest frauds, arresting three individuals who allegedly cheated people by posing as government officials and coercing them into transferring money, officials said.
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Samsung India Executives Seek to Quash $81 Million Penalty Over Tax Evasion
Seven Samsung India executives have asked a court to revoke penalties of $81 million (roughly Rs. 692 crore) from a $601 million (roughly Rs. 5,135 crore) tax demand in India. Samsung's India unit faced a $520 million (Rs. 4,443 crore) tax demand, while employees were fined $81 million (Rs. 692 crore) for their alleged part in misclassifying impo...
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CBI Arrests Income Tax Commissioner, 4 Others In Rs 70 Lakh Bribery Case
The CBI has arrested Commissioner of Income Tax (Exemption), Hyderabad, Jeevan Lal Lavidiya, for allegedly accepting a bribe of Rs 70 lakh to settle an appeal in favour of Shapoorji Pallonji Group, officials said on Saturday.
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Samsung Questions India's $520 Million Tax Order, Points Finger At Reliance
Samsung has asked an Indian tribunal to quash a $520 million tax demand for allegedly misclassifying imports of networking gear, arguing officials were aware of the practice as India's Reliance imported the same component in a similar manner.
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Apple To Source Majority Of US iPhones From India In June Quarter: Tim Cook
Apple will source the majority of the iPhone sold in the US from India in the June quarter while China will produce the vast majority of the devices for other markets amid uncertainty over tax tariffs, top official said.
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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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New Income Tax Bill Won't Breach Taxpayers' Online Privacy: Report
The new Income Tax Bill prescribes the existing process for tax authorities to gain access to the digital space or a computer device only during search and survey operations, a top official said.
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Tax Officials Search Properties Of Telugu Producer Dil Raju For 4th Day
Income tax officials searched the properties of Telugu film producer Dil Raju for a fourth day today. The tax officials suspect a mismatch between revenues earned by some recent movies and the income tax paid, news agency IANS reported.
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Raids At Places Linked To 'Game Changer' Producer Dil Raju In Hyderabad
The searches are carried out with regard to the charges of tax evasion, official sources said.
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Trip To Uttarakhand To Get Costlier, Vehicles Will Soon Pay Green Tax
The Uttarakhand government will soon impose a green cess on out-of-state vehicles, an official said on Saturday.
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GST On Cigarettes, Tobacco, Aerated Beverages May Be Hiked To 35%
The GoM on GST rate rationalisation on Monday decided to hike tax on sin goods like aerated beverages, cigarettes, tobacco and related products to 35 per cent from the present 28 per cent, an official said.
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"Hunter Was Singled Out": Joe Biden Pardons Son In 2 Criminal Cases
US President Joe Biden on Sunday said he had issued an official pardon for his son Hunter, who is facing sentencing for two criminal cases.
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5 More Arrested In GST Scam Linked To The Hindu Journalist Mahesh Langa's Firm
Five accused in the fake goods and services tax (GST) billing scam in Gujarat were arrested by the Rajkot branch of the economic offences wing (EOW) today. The arrests happened after the police and EOW officials searched 14 locations simultaneously.
-
Bengaluru Man Bought A 7.5 Crore Ferrari And Tried To Dodge Tax Officials
In a high-octane crackdown on tax evasion, a Ferrari owner was forced to shell out Rs 1.42 crore after Regional Transport Office officials caught the luxury supercar being used on the streets of Bengaluru without road tax being paid in Karnataka.
-
High-End Vehicles To Become More Expensive In Maharashtra. Here's Why
High-end cars, CNG/LNG vehicles and goods carriers in Maharashtra are set to become more expensive from Tuesday due to the revised one-time tax structure of the state government, officials said.
-
Posed As Income Tax Officers, 3 Men Dupe Navi Mumbai Woman Of Rs 1.8 Crore
Police in Navi Mumbai have busted an interstate gang involved in digital arrest frauds, arresting three individuals who allegedly cheated people by posing as government officials and coercing them into transferring money, officials said.
-
Samsung India Executives Seek to Quash $81 Million Penalty Over Tax Evasion
Seven Samsung India executives have asked a court to revoke penalties of $81 million (roughly Rs. 692 crore) from a $601 million (roughly Rs. 5,135 crore) tax demand in India. Samsung's India unit faced a $520 million (Rs. 4,443 crore) tax demand, while employees were fined $81 million (Rs. 692 crore) for their alleged part in misclassifying impo...
-
CBI Arrests Income Tax Commissioner, 4 Others In Rs 70 Lakh Bribery Case
The CBI has arrested Commissioner of Income Tax (Exemption), Hyderabad, Jeevan Lal Lavidiya, for allegedly accepting a bribe of Rs 70 lakh to settle an appeal in favour of Shapoorji Pallonji Group, officials said on Saturday.
-
Samsung Questions India's $520 Million Tax Order, Points Finger At Reliance
Samsung has asked an Indian tribunal to quash a $520 million tax demand for allegedly misclassifying imports of networking gear, arguing officials were aware of the practice as India's Reliance imported the same component in a similar manner.
-
Apple To Source Majority Of US iPhones From India In June Quarter: Tim Cook
Apple will source the majority of the iPhone sold in the US from India in the June quarter while China will produce the vast majority of the devices for other markets amid uncertainty over tax tariffs, top official said.
-
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.
-
New Income Tax Bill Won't Breach Taxpayers' Online Privacy: Report
The new Income Tax Bill prescribes the existing process for tax authorities to gain access to the digital space or a computer device only during search and survey operations, a top official said.
-
Tax Officials Search Properties Of Telugu Producer Dil Raju For 4th Day
Income tax officials searched the properties of Telugu film producer Dil Raju for a fourth day today. The tax officials suspect a mismatch between revenues earned by some recent movies and the income tax paid, news agency IANS reported.
-
Raids At Places Linked To 'Game Changer' Producer Dil Raju In Hyderabad
The searches are carried out with regard to the charges of tax evasion, official sources said.
-
Trip To Uttarakhand To Get Costlier, Vehicles Will Soon Pay Green Tax
The Uttarakhand government will soon impose a green cess on out-of-state vehicles, an official said on Saturday.
-
GST On Cigarettes, Tobacco, Aerated Beverages May Be Hiked To 35%
The GoM on GST rate rationalisation on Monday decided to hike tax on sin goods like aerated beverages, cigarettes, tobacco and related products to 35 per cent from the present 28 per cent, an official said.
-
"Hunter Was Singled Out": Joe Biden Pardons Son In 2 Criminal Cases
US President Joe Biden on Sunday said he had issued an official pardon for his son Hunter, who is facing sentencing for two criminal cases.
-
5 More Arrested In GST Scam Linked To The Hindu Journalist Mahesh Langa's Firm
Five accused in the fake goods and services tax (GST) billing scam in Gujarat were arrested by the Rajkot branch of the economic offences wing (EOW) today. The arrests happened after the police and EOW officials searched 14 locations simultaneously.
