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Samsung India Executives Seek to Quash $81 Million Penalty Over Tax Evasion
- Thursday May 29, 2025
- Reuters
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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www.gadgets360.com
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CBI Arrests Income Tax Commissioner, 4 Others In Rs 70 Lakh Bribery Case
- Saturday May 10, 2025
- India News | Press Trust of India
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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www.ndtv.com
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Samsung Questions India's $520 Million Tax Order, Points Finger At Reliance
- Sunday May 4, 2025
- World News | Reuters
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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www.ndtv.com
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Apple To Source Majority Of US iPhones From India In June Quarter: Tim Cook
- Friday May 2, 2025
- World News | Press Trust of India
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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www.ndtv.com
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FM Claims Access to WhatsApp Messages Led to Seizure of Crypto Worth Rs. 90 Crore
- Thursday March 27, 2025
- Written by Radhika Parashar, Edited by Siddharth Suvarna
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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www.gadgets360.com
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New Income Tax Bill Won't Breach Taxpayers' Online Privacy: Report
- Monday March 10, 2025
- India News | Press Trust of India
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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www.ndtv.com
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Tax Officials Search Properties Of Telugu Producer Dil Raju For 4th Day
- Friday January 24, 2025
- Telangana News | Edited by Debanish Achom
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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www.ndtv.com
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Raids At Places Linked To 'Game Changer' Producer Dil Raju In Hyderabad
- Tuesday January 21, 2025
- India News | Press Trust of India
The searches are carried out with regard to the charges of tax evasion, official sources said.
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www.ndtv.com
-
Trip To Uttarakhand To Get Costlier, Vehicles Will Soon Pay Green Tax
- Sunday December 8, 2024
- India News | Press Trust of India
The Uttarakhand government will soon impose a green cess on out-of-state vehicles, an official said on Saturday.
-
www.ndtv.com
-
GST On Cigarettes, Tobacco, Aerated Beverages May Be Hiked To 35%
- Monday December 2, 2024
- India News | Press Trust of India
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.
-
www.ndtv.com
-
"Hunter Was Singled Out": Joe Biden Pardons Son In 2 Criminal Cases
- Monday December 2, 2024
- World News | Reuters
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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www.ndtv.com
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5 More Arrested In GST Scam Linked To The Hindu Journalist Mahesh Langa's Firm
- Wednesday November 27, 2024
- India News | NDTV News Desk
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.
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www.ndtv.com
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India Lifts Export Tax On Parboiled Rice As Inventories Surge
- Tuesday October 22, 2024
- World News | Reuters
India on Tuesday scrapped the export tax on parboiled rice, the government said in an official order, as inventories in the world's biggest exporter of the grain surged and the country is set to produce a bumper crop after copious monsoon rains.
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www.ndtv.com
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Japan Crypto Review May Open Door to Lower Taxes, Dedicated ETFs
- Monday September 30, 2024
- Takashi Nakamichi, Bloomberg News
Japan's Financial Services Agency in coming months will assess whether the current approach of regulating crypto under the payments act is adequate, an official at the agency said, asking not to be identified in line with the institution’s rules.
-
www.gadgets360.com
-
Home Ministry Probing Netflix for Alleged Visa Violations, Racial Discrimination
- Monday September 23, 2024
- Reuters
India is investigating the business practices of US streaming giant Netflix's local operations. The details of India's investigation were included in an email dated July 20, reviewed by Reuters, which was written by a home ministry official to Netflix's former director of business and legal affairs for India, Nandini Mehta, who left the compan...
-
www.gadgets360.com
-
Samsung India Executives Seek to Quash $81 Million Penalty Over Tax Evasion
- Thursday May 29, 2025
- Reuters
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...
-
www.gadgets360.com
-
CBI Arrests Income Tax Commissioner, 4 Others In Rs 70 Lakh Bribery Case
- Saturday May 10, 2025
- India News | Press Trust of India
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.
-
www.ndtv.com
-
Samsung Questions India's $520 Million Tax Order, Points Finger At Reliance
- Sunday May 4, 2025
- World News | Reuters
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.
-
www.ndtv.com
-
Apple To Source Majority Of US iPhones From India In June Quarter: Tim Cook
- Friday May 2, 2025
- World News | Press Trust of India
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.
-
www.ndtv.com
-
FM Claims Access to WhatsApp Messages Led to Seizure of Crypto Worth Rs. 90 Crore
- Thursday March 27, 2025
- Written by Radhika Parashar, Edited by Siddharth Suvarna
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.
-
www.gadgets360.com
-
New Income Tax Bill Won't Breach Taxpayers' Online Privacy: Report
- Monday March 10, 2025
- India News | Press Trust of India
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.
-
www.ndtv.com
-
Tax Officials Search Properties Of Telugu Producer Dil Raju For 4th Day
- Friday January 24, 2025
- Telangana News | Edited by Debanish Achom
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.
-
www.ndtv.com
-
Raids At Places Linked To 'Game Changer' Producer Dil Raju In Hyderabad
- Tuesday January 21, 2025
- India News | Press Trust of India
The searches are carried out with regard to the charges of tax evasion, official sources said.
-
www.ndtv.com
-
Trip To Uttarakhand To Get Costlier, Vehicles Will Soon Pay Green Tax
- Sunday December 8, 2024
- India News | Press Trust of India
The Uttarakhand government will soon impose a green cess on out-of-state vehicles, an official said on Saturday.
-
www.ndtv.com
-
GST On Cigarettes, Tobacco, Aerated Beverages May Be Hiked To 35%
- Monday December 2, 2024
- India News | Press Trust of India
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.
-
www.ndtv.com
-
"Hunter Was Singled Out": Joe Biden Pardons Son In 2 Criminal Cases
- Monday December 2, 2024
- World News | Reuters
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.
-
www.ndtv.com
-
5 More Arrested In GST Scam Linked To The Hindu Journalist Mahesh Langa's Firm
- Wednesday November 27, 2024
- India News | NDTV News Desk
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.
-
www.ndtv.com
-
India Lifts Export Tax On Parboiled Rice As Inventories Surge
- Tuesday October 22, 2024
- World News | Reuters
India on Tuesday scrapped the export tax on parboiled rice, the government said in an official order, as inventories in the world's biggest exporter of the grain surged and the country is set to produce a bumper crop after copious monsoon rains.
-
www.ndtv.com
-
Japan Crypto Review May Open Door to Lower Taxes, Dedicated ETFs
- Monday September 30, 2024
- Takashi Nakamichi, Bloomberg News
Japan's Financial Services Agency in coming months will assess whether the current approach of regulating crypto under the payments act is adequate, an official at the agency said, asking not to be identified in line with the institution’s rules.
-
www.gadgets360.com
-
Home Ministry Probing Netflix for Alleged Visa Violations, Racial Discrimination
- Monday September 23, 2024
- Reuters
India is investigating the business practices of US streaming giant Netflix's local operations. The details of India's investigation were included in an email dated July 20, reviewed by Reuters, which was written by a home ministry official to Netflix's former director of business and legal affairs for India, Nandini Mehta, who left the compan...
-
www.gadgets360.com