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DGGI officers arrest Kapil Chugh over Rs 1,825 cr GST refund fraudDGGI officers have arrested Kapil Chugh, the alleged mastermind behind an Rs 1,825 crore GST refund fraud. Chugh, who evaded multiple summo...- I made Rs 29 lakh from equities but lost all of it on bogus trading portal. Do I still have to pay income tax on the gains?ET Wealth Reader's Query: I sold shares worth Rs.5 lakh (long-term) and redeemed mutual funds worth Rs.24 lakh, largely long-term. Unfortun...
- Penny stocks linked tax evasion: Tax dept may take you to court and tribunal for bogus transactionsPenny stocks: The income tax department can now file appeal in tribunals and court if you are found to be using penny stocks or accommodati...
- Delhi GST officers detect Rs 17 crore tax evasion by issue of fake invoice, arrests 2"Preliminary enquiry conducted so far into the transactions of these firms has revealed tax evasion of Rs 17 crore approx. The proprietor/d...
- SpiceJet says complaint against Chairman Ajay Singh 'bogus'A complaint being filled against the SpiceJet Chairman Ajay Singh is a false and company will file a defamation suit against the complainan...
- GST Odisha enforcement wing busts ITC fraud of Rs 311 croreAs per the Commissionerate of CT&GST, Odisha, 12 teams consisting of 48 officers of the State GST Enforcement Wing (assisted by 35 Police o...
- Hero Moto gains 3% as firm refutes reports of bogus expenses, raises two-wheeler pricesOn Tuesday, shares of Hero MotoCorp had tanked over 8 per cent after an ANI report said that the income tax department has found that the c...
- I-T dept detects Rs 175 crore black income after raids on steel manufacturing group in Maharashtra, Goa"So far, a total of Rs 175.5 crore of unaccounted income has been unearthed including unaccounted cash and jewellery, shortage and excess o...
- IT Department carries out search on entities engaged in hotel, real estate business in KolkataThe cases were developed on the basis of available data in the departmental database, analysis of their financial statements, market intell...
- IT raids on Odisha group leads to Rs 170 crore black income"The group entities were booking bogus purchases of around Rs 170 crore for two financial years in the name of 17 bogus entities," the Cent...
- Sebi proposes one-time settlement to brokers for bogus tradesThe regulator said it had observed that out of the 21,652 entities that executed such trades, 14,720 were involved in generation of artific...
- Bid to curb bogus bills: Companies to pay stiff penalty for faking expensesIncreased fine may add the value of fraudulent invoice to actual tax amount.
- Sebi, tax dept investigating 32,000 entities for evasion, stock price manipulationNearly 32,000 entities are under the scanner of both Sebi and the tax department for rampant misuse of LTCG and short term capital loss to ...
- Penny stock investors on tax-man radarIn June this year, the Mumbai IT tribunal had observed that "if payment is by cheque and delivery of shares is taken, then long-term capita...
- Gains from penny stocks not bogus: Income-Tax Tribunal"If payment is by cheque and delivery of shares is taken, then long-term capital gains tax cannot be treated as bogus," the tribunal said.
- Delhi govt collects Rs 8400 crore value added taxDelhi govt has collected over Rs 8400cr from value added tax in the first six months of current fiscal year, which is an increase of around...
- Delhi government cancels registration of 65 fraud tradersCommissioner (Trade & Tax) Yadav maintained that the raids will continue and the action against such bogus traders would be further intensi...
- Uflex crashes 13% on reports of bogus sale worth Rs 100 croreUflex Industries plunged as much as 12.89% after media reported suggested that IT-dept claimed to have found bogus sale worth Rs 100 cr.
- Tilak Nagar Industries slips 5% over tax evasion reportsTilak Nagar Industries were witnessing selling pressure on reports that the company is under the I-T dept's scanner for alleged tax evasion.
- Tayal Group offices searched by I-T, Central Excise"All the agencies are probing different angles as the firm had allegedly shown bogus expenditure, inflated bills etc," a source in the I-T ...
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