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EVADING TAX
Tax ruling can set off a game of thorns for gaming company directorsIndia's money gaming firms are worried about directors facing tax demands. A Supreme Court ruling upheld a 28% GST on bets. This could mean...- Pearl Harbor attack bombing survivor is keeping memory of Japanese attack at 106Even as the St. Louis headed into the Pacific Ocean, Johnson, whose job was known as a fireman on the ship, knew little about the attack.
- Rs 400 crore agricultural income but no land: CBDT digs up names of rich ‘farmers’ without farmsTax authorities have uncovered a major scam involving fake agricultural income claims. Over 300 individuals claimed exemptions worth thousa...
- Tax vs Customs: Why MNCs face a growing valuation and compliance battleMNCs face rising conflict between tax and customs rules on related-party pricing, as India’s tighter digital scrutiny raises compliance ris...
- Gold discounts in India hit record at $200/ounce as duty hike sparks sellingIndia's gold discounts hit a record over $200 an ounce Wednesday. This followed a sharp import duty increase to 15%. Higher local prices pr...
- Man bought demo car at big discount, RTO officer seized it citing Rs 60 lakh road tax dues; Karnataka HC gives relief to car ownerA Bengaluru RTO officer unlawfully seized Mr. Rama's demo car, leading to a zero FIR and charges of fraud. The Karnataka High Court quashed...
- Alert for CXOs and Directors: Acting as authorised signatory for a foreign company now requires PAN, address & more details under Income Tax Rules, 2026New Income Tax Rules, 2026 mandate that Indian employees acting as authorised signatories for foreign companies must now provide their PAN,...
- Why can only club members complain?In a diverse society, it's essential to critically evaluate how religious customs shape public life. Non-believers play a vital role in thi...
- 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...
- 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,...
- You need more than lifting the corp veilThe National Consumer Disputes Redressal Commission has made a bold move by dissolving the corporate barrier between Ansal Properties and i...
- Income tax dept opposes benefits to Jane Street SingaporeIndia's tax office has challenged treaty benefits claimed by Jane Street's Singapore arm, suspecting ₹8000 crore in escaped income. The dep...
- I-T Dept searches premises of head of prominent org in Kashmir, Delhi in terror financing caseFour premises in the Kashmir Valley and three in the national capital were searched, the department said without naming the people involved.
- Government goes after tax evaders, 3-fold jump in prosecutionThere was a near four-fold rise in the prosecution cases filed in court, which added up to over 4,500 in 2017-18 compared to 1,252 in the p...
- Are you an honest taxpayer? Find outThree out of five taxpayers are willing to under-report income to evade tax, says an ET Wealth survey. Find out the legal implications of t...
- Serious operation needed to combat 'black money cancer': SITIt said anti-tax evasion law is the only solution for combating and winning over the "cancerous" menace of illegal funds stashed abroad and...
- Government warns service tax evadersThe tax defaulters will be "hit hard" if they failed to pay their dues, Revenue Secretary Sumit Bose today said.
- I-T Dept to use power to arrest to retrieve huge tax arrearsThe I-T Dept is all set to crack the whip on tax defaulters by invoking its power, not used for many years, to arrest and prosecute evaders.
- Tax refundsThe government's move to hold back tax refunds is silly; go after evaders instead.
- Tax amnesty: Penalise evaders, Don't reward lootGovt formulating an amnesty scheme for the black money stashed overseas is a bad idea.
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