Tax Scrutiny
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Income Tax Return (ITR) 2025: Filing Guide And Full List Of Deadlines
Income tax return is one of the most crucial processes that is done annually. Missing the deadlines can have serious consequences.
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High-Value Cash Transactions At Hotels, Hospitals Come Under Income Tax Scrutiny
Rampant cash transactions in business sectors like hotels, luxury brand sales, hospitals and IVF clinics need to be checked in a "non-intrusive" manner, the CBDT has asked the I-T department.
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India May Send Tax Notices To More IT Firms After $4 Billion Demand To Infosys: Report
Tax officials may issue notices soon to more major infotech services firms in a scrutiny of alleged evasion of tax on services by their overseas offices, a government source said, a day after Infosys was slapped with a $4-billion tax demand.
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Government Said to Seek Ouster of Chinese Firms From Affordable Smartphone Market
The government is said to be seeking to restrict the sale of smartphones from companies including Xiaomi in the country. Brands like Oppo, Vivo, and Xiaomi are facing tax demands and money laundering allegations, after a close scrutiny of their finances, while companies like WeChat, TikTok and PUBG Mobile have been banned in the country over securi...
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Russian Government Increases Scrutiny of Crypto Market to Trace, Prevent Tax Evasion
In an interview, Danniil Egorov, head of the Russian Federal taxation Service said that these decentralised crypto tokens are capable of causing “significant erosion” to Russia’s tax base.
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Binance CEO Changpeng Zhao Says Top Priority Is Hiring More Regulatory Staff
Binance is on a hiring spree to add compliance teams as the company faces US regulatory scrutiny over money laundering and tax evasion.
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TikTok Parent ByteDance’s Bank Accounts Said to Be Blocked by India for Alleged Tax Evasion
Indian authorities have blocked at least two of ByteDance's bank accounts for alleged tax evasion, prompting it to ask a court to quash the directive that it fears will hit its operations, two sources with direct knowledge said.
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Nirmala Sitharaman Outlines Plan To Rein In "Tax Terrorism"
Amidst concerns of rising harassment of corporates by tax officials and authorities, Finance Minister on Friday said that the government would take measures to curb such instances, including the introduction of "faceless" tax scrutiny from the upcoming "Vijaya Dashami".
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No Angel Tax Scrutiny For Startups If Returns Filed: Union Budget
Finance Minister Nirmala Sitharaman on Friday said that startups and their investors who file requisite declarations and provide information in their returns will not be subjected to any kind of angel tax scrutiny, in a measure seen as a relief for new ventures announced as part of the budget.
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Stop Calling Luxury Cars As Sin Goods; Reduce GST: Jaguar Land Rover
Luxury cars are often under scrutiny for being extravagant purchases, which has resulted in the cars attracting the highest taxation. However, Jaguar Land Rover India's President and Managing Director, Rohit Suri believes that the government should stop classifying luxury cars as sin goods and reduce the tax burden on such vehicles. In a statement ...
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Did CBI's Acting Chief Violate Top Court Order? He Allegedly Closed Case
Is the interim CBI chief risking contempt of court? The CBI or Central Bureau of Investigation, under M Nageswar Rao as acting chief, has allegedly ordered closing investigations against a controversial middleman and chartered accountant Sanjay Bhandari, accused of bribing Income Tax officers.
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UK's Richest Man Jim Ratcliffe Forced Out Of The Shadows
Reclusive titan of industry Jim Ratcliffe has found himself under unusual scrutiny after being declared Britain's richest man, with his political leanings and tax affairs coming under the microscope.
-
50 Wealthy Indians To Face Tax Scrutiny For Buying Nirav Modi Jewellery
The Income Tax Department has decided to re-assess the ITRs of over 50 high net-worth individuals who purchased costly jewellery from firms owned by absconding diamantaire Nirav Modi, official sources said.
-
20,000 Assessees To Face Taxmen's Heat As I-T Department Starts Scrutiny
Over 20,000 tax returns have been selected for detailed scrutiny after their profiles before and after demonetisation did not match
-
Activist Claims Link Between Tax Notice, Run-In With RSS Representative
An institute founded by Harsh Mander, the former IAS officer who is running a nationwide campaign against lynchings by cow vigilantes, has come under the radar of the Income Tax department.
-
Income Tax Return (ITR) 2025: Filing Guide And Full List Of Deadlines
Income tax return is one of the most crucial processes that is done annually. Missing the deadlines can have serious consequences.
-
High-Value Cash Transactions At Hotels, Hospitals Come Under Income Tax Scrutiny
Rampant cash transactions in business sectors like hotels, luxury brand sales, hospitals and IVF clinics need to be checked in a "non-intrusive" manner, the CBDT has asked the I-T department.
-
India May Send Tax Notices To More IT Firms After $4 Billion Demand To Infosys: Report
Tax officials may issue notices soon to more major infotech services firms in a scrutiny of alleged evasion of tax on services by their overseas offices, a government source said, a day after Infosys was slapped with a $4-billion tax demand.
-
Government Said to Seek Ouster of Chinese Firms From Affordable Smartphone Market
The government is said to be seeking to restrict the sale of smartphones from companies including Xiaomi in the country. Brands like Oppo, Vivo, and Xiaomi are facing tax demands and money laundering allegations, after a close scrutiny of their finances, while companies like WeChat, TikTok and PUBG Mobile have been banned in the country over securi...
-
Russian Government Increases Scrutiny of Crypto Market to Trace, Prevent Tax Evasion
In an interview, Danniil Egorov, head of the Russian Federal taxation Service said that these decentralised crypto tokens are capable of causing “significant erosion” to Russia’s tax base.
-
Binance CEO Changpeng Zhao Says Top Priority Is Hiring More Regulatory Staff
Binance is on a hiring spree to add compliance teams as the company faces US regulatory scrutiny over money laundering and tax evasion.
-
TikTok Parent ByteDance’s Bank Accounts Said to Be Blocked by India for Alleged Tax Evasion
Indian authorities have blocked at least two of ByteDance's bank accounts for alleged tax evasion, prompting it to ask a court to quash the directive that it fears will hit its operations, two sources with direct knowledge said.
-
Nirmala Sitharaman Outlines Plan To Rein In "Tax Terrorism"
Amidst concerns of rising harassment of corporates by tax officials and authorities, Finance Minister on Friday said that the government would take measures to curb such instances, including the introduction of "faceless" tax scrutiny from the upcoming "Vijaya Dashami".
-
No Angel Tax Scrutiny For Startups If Returns Filed: Union Budget
Finance Minister Nirmala Sitharaman on Friday said that startups and their investors who file requisite declarations and provide information in their returns will not be subjected to any kind of angel tax scrutiny, in a measure seen as a relief for new ventures announced as part of the budget.
-
Stop Calling Luxury Cars As Sin Goods; Reduce GST: Jaguar Land Rover
Luxury cars are often under scrutiny for being extravagant purchases, which has resulted in the cars attracting the highest taxation. However, Jaguar Land Rover India's President and Managing Director, Rohit Suri believes that the government should stop classifying luxury cars as sin goods and reduce the tax burden on such vehicles. In a statement ...
-
Did CBI's Acting Chief Violate Top Court Order? He Allegedly Closed Case
Is the interim CBI chief risking contempt of court? The CBI or Central Bureau of Investigation, under M Nageswar Rao as acting chief, has allegedly ordered closing investigations against a controversial middleman and chartered accountant Sanjay Bhandari, accused of bribing Income Tax officers.
-
UK's Richest Man Jim Ratcliffe Forced Out Of The Shadows
Reclusive titan of industry Jim Ratcliffe has found himself under unusual scrutiny after being declared Britain's richest man, with his political leanings and tax affairs coming under the microscope.
-
50 Wealthy Indians To Face Tax Scrutiny For Buying Nirav Modi Jewellery
The Income Tax Department has decided to re-assess the ITRs of over 50 high net-worth individuals who purchased costly jewellery from firms owned by absconding diamantaire Nirav Modi, official sources said.
-
20,000 Assessees To Face Taxmen's Heat As I-T Department Starts Scrutiny
Over 20,000 tax returns have been selected for detailed scrutiny after their profiles before and after demonetisation did not match
-
Activist Claims Link Between Tax Notice, Run-In With RSS Representative
An institute founded by Harsh Mander, the former IAS officer who is running a nationwide campaign against lynchings by cow vigilantes, has come under the radar of the Income Tax department.
