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ANTI EVASION PROVISIONS
CBDT tells tax officers to tighten scrutiny of unexplained income, assetsThe Central Board of Direct Taxes has directed tax officers to be more careful and consistent when using rules against hidden income and as...- States for tough steps to prevent profiteering from GST rate cutsAs the GST Council prepares to discuss GST 2.0 reforms, some states are advocating for stringent measures to ensure consumers benefit from ...
- Oman DTAA: Withholding tax rates loweredIndia and Oman have updated their double taxation avoidance agreement, broadening the scope of permanent establishment to include digital a...
- SC agrees to examine power of tax authorities to arrest individual for GST evasionA vacation bench comprising Chief Justice Ranjan Gogoi and Justice Aniruddha Bose issued notice to the Centre and sought its reply on a bat...
- GST anti-evasion: Cess likely on pan masala at manufacturing stageThe Council will look at levying the cess at the manufacturing stage based on production capacity as against the current practice of imposi...
- GAAR to override bilateral tax treaty provisions: Revenue Secretary Hasmukh Adhia"GAAR being anti-abuse provision can prevail over treaty if it is proved that it is an abuse of treaty," Adhia said.
- GAAR: CBDT says no unfettered powers given to tax officersThe Central Board of Direct Taxes (CBDT) expressed hope that the General Anti Avoidance Rules (GAAR) would be implemented from next fiscal.
- Government approves amendment to tax treaty with TurkmenistanGovernment today approved amending the Double Taxation Avoidance Convention (DTAC) signed with Turkmenistan.
- Steps to avert treaty abuse makes treaty access more taxing!Tax treaties serve to reduce or eliminate double taxation which, if unrelieved, would be a significant barrier to cross-border trade and in...
- Black money: No compounding of cases falling under new Act, says CBDTThe new Act provides for tax and penalty of 120 per cent and jail term of up to 10 years for holding undisclosed foreign assets.
- India signs DTAA with FijiIndia today signed a Double Taxation Avoidance Agreement (DTAA) with Fiji for the prevention of fiscal evasion with respect to taxes on inc...
- Now, only six commodities under e-trip systemAmid protest by traders, Punjab government today slashed the number of commodities to be covered under its anti-tax evasion measure e-Trip ...
- India, Albania sign taxation pactIndia and Albania today signed the double taxation avoidance agreement (DTAA) to facilitate the exchange of banking information and help ch...
- Government firm on arresting indirect tax evadersThe government is firm on going ahead with the proposed amendments that will empower tax authorities to arrest those who collect service ta...
- CBDT disagrees with Shome panel, wants GAAR from next fiscalCBDT is believed to have favoured implementation of the anti-tax avoidance rules GAAR from the next financial year.
- Notices to pharma companies for non-payment of service tax: GovernmentThe govt today said it has served show cause notices to manufacturers of pharmaceutical products who have failed to pay service taxes worth...
- Government to have independent member on GAAR panelTo ensure objectivity and transparency, the government will have an independent member on the approving panel for the general anti-avoidanc...
- Money-laundering law: Rigorous jail, hefty fines await tax offendersIndia could bring income-tax offences under its anti-money laundering law, rigorous imprisonment, fines and shifting onus on the accused.
- Ficci hopes government will relook into provisions of GAARIndia Inc expressed hope that the government would "relook" into the provisions of the General Anti-Avoidance Rules (GAAR).
- Make laws simple to send tax evaders to jailThe revenue department’s proposal to bring tax evasion under the ambit of the anti-terror financing law and send evaders to prison is not a...
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