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CONCEALED INCOME
Chinese Proverb of the Day: “The woman who tells her age is either too young to have anything to lose or too old to have anything to gain” — Life lessons on perception, social expectations, judgement, experience and why confidence speaks louder than age- Forget fake invoices. The real risk is the assumptions made in the balance sheet to hide losses
- Why the world is betting on China again, and what India must do about it
- Welcome to Trump’s America, where the visa dream is getting harder to keep alivePresident Trump's second term is tightening legal immigration pathways, including student visas and green card applications. New policies r...25 May, 2026, 11.20 AM IST
- Barney Frank dies at 86: Who was the liberal firebrand behind Dodd-Frank, Wall Street reform, and America’s LGBTQ political revolution?Who was Barney Frank? The death of Barney Frank marks the end of one of the most consequential and controversial political careers in moder...20 May, 2026, 08.40 PM IST
- From 'pure milk' to Scotch: Bihar’s secret language of liquorBihar's decade-old alcohol ban has not stopped drinking. Instead, it has fueled a secret delivery system. Coded words like 'pure milk' and ...30 Apr, 2026, 05.47 PM IST
- Husband takes Rs 25.06 lakh loan in wife’s name, runs off with car, jewellery & then seeks maintenance; HC slaps Rs 15 lakh cost on him for false affidavitA husband took Rs 25.6 lakh personal loans in his wife's name, spent the money on a lavish lifestyle, and fled with her car and jewellery. ...25 Apr, 2026, 08.01 AM IST
- When the acquisition looks great but the footnote doesn't: How Indian managements turn deals into balance-sheet fictionAcquisitions are among corporate finance’s most celebrated events. But the harder story usually emerges later, when the accounting begins t...24 Apr, 2026, 11.03 PM IST
- More data doesn’t mean better credit: Account aggregators prove whyIn this new era, competitive advantage will belong to those with the most disciplined analytical frameworks.20 Apr, 2026, 11.26 AM IST
- Employee fined Rs 10 lakh over lack of ESOP disclosure in ITR; here's why ITAT Chennai cancelled itAn Indian employee faced a Rs 10 lakh penalty for not disclosing foreign ESOPs in his Income Tax Return. The Income Tax Appellate Tribunal,...17 Apr, 2026, 06.02 PM IST
- Concealed income by mistake? No I-T penaltyThe ITAT dismissed the penalty on the ground that the taxpayer had no mala fide intent to evade tax or claim refunds dubiously.28 Apr, 2016, 11.25 AM IST
- Income tax department set to prosecute K K Modi for alleged concealment of incomeLast week, the ITD, revived prosecution proceedings and issued notices to KK Modi, seeking his response, before filing the proceedings, in ...16 Dec, 2015, 03.00 AM IST
- Short window to declare overseas assets under black money lawIt provides for a maximum of ten years rigorous imprisonment for offenders, who conceal income and assets and indulge in evasion of foreign...18 Mar, 2015, 04.04 PM IST
- IT defaulter cannot be absolved of penalty by voluntarily disclosing income: Supreme CourtAn income tax defaulter cannot be absolved of paying penalty by just making a voluntary disclosure after being caught for hiding the income...30 Oct, 2013, 09.29 PM IST
- Tax Department detects concealed income of Rs 19,938 crore in last 2 yearsThe government today said the income tax department has detected concealed income of Rs 19,938 crore in the last two fiscals.21 May, 2012, 10.28 PM IST
- Levy penalty only if income concealment is proven: SCIn a judgement that will clear the air on the tricky issue of the income-tax department’s power to levy penalties on assessees, the Supreme...26 Mar, 2010, 04.09 AM IST
- IT department unearths Rs 2.7 crore concealed income of firmIncome Tax officials claimed to have unearthed documents relating to concealed income of a firm worth Rs 2.7 crore.01 Dec, 2009, 09.29 PM IST
- No amnesty, but evaders may get another breatherThe UPA government is set to come up with schemes to unearth black money, but without offering amnesty.01 Feb, 2005, 12.28 AM IST
- Block assessments to go, audit limit may be hikedThe Budget is expected to do away with the system of block assessments under the Income-tax (I-T) Act. The budget is also expected to raise...25 Feb, 2003, 12.04 AM IST
- Block assessments on way out, audit limit to go upThe budget is expected to do away with the system of block assessments under the Income-tax Act. The budget is also expected to raise the l...24 Feb, 2003, 12.38 AM IST
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