Searched for
IMPORT TAX EVASION
India customs scrutiny diverts Niger soybeans to Asia at steep discounts, sources sayAround 11,000 metric tons of Niger-origin soybeans bound for India were diverted to other Asian markets and sold at steep discounts as a wi...- GST Council meet: Scrapping tax officers' arrest powers, decriminalisation among reforms on agendaThe GST Council is poised to address significant reforms that could transform GST compliance for businesses. Among the proposed measures ar...
- Niger or Nigeria? India probes soybean imports over suspected tax evasion, sources sayIndian customs officials are currently examining a notable uptick in soybean imports, which are purportedly sourced from Niger. Authorities...
- Do banks report deposits over $10,000 to the IRS? What really happens when you cross the cash reporting thresholdA cash deposit exceeding $10,000 in a single day triggers an automatic report to the federal government. Financial institutions do not make...
- Buying property abroad for your NRI child? Know how much Indian parents can transfer and the tax implicationsNavigating overseas property purchases for NRI/OCI children can be complex for Indian parents, entangled in regulations like FEMA and RBI's...
- Russia Sanctions Bill: India gets a breather as Trump’s 100% tariff weapon stalls in US HouseA US Senate bill to impose tougher sanctions on Russia is facing growing opposition in the House, making it unlikely to move before the Nov...
- ETMarkets NRI Talk | 50-60% in equities? R Sivakumar Axis MF CIO’s Rs 1 crore NRI portfolio playbookR Sivakumar, CIO, Axis Mutual Fund, believes the starting point should be a diversified asset-allocation framework rather than market views...
- From Varuni to bhang: How India’s ancient drinking traditions became a colonial tax machineThroughout history, ancient Indian cultures embraced intoxicants such as toddy and cannabis, weaving them into the fabric of religious and ...
- US court backs Trump's power to close 'de minimis' tariff exemptionThe U.S. Court of International Trade on Thursday upheld Donald Trump’s authority to end the “de minimis” tariff exemption for low-value im...
- Trump promised a sex-trafficking crackdown. His Justice Department hasn't deliveredFederal sex trafficking prosecutions have significantly declined in recent months. Staffing shortages and funding cuts have hampered invest...
- Trump White House says it's losing $19B-$26B a year in revenue as countries dodge tariffsA new US report claims countries route exports through third nations to avoid tariffs. This practice, known as transshipping, costs the Uni...
- Wife paid husband Rs 7.5 crore after selling her shares and bought his Mumbai property, filed ITR claiming 54F tax exemption, got tax notice; she fought and won the case in ITAT MumbaiWife got tax notice as she claimed Section 54F tax exemption by purchasing her husband’s own Mumbai property for Rs 7.5 crore; ITAT Mumbai ...
- Volkswagen India unit faces $1.4 billion tax evasion noticeIndia has accused Volkswagen of evading $1.4 bn in taxes by misclassifying car component imports as individual parts. This allowed Volkswag...
- Six solar firms face DRI probe for 'evasion of duty'The probe is in connection with underpayment of customs and wrong declaration in the import of solar cells and solar modules from China bet...
- E-invoicing may begin under GSTThe GST Council has taken a number of measures, such as the introduction of electronic way (e-way) bills, to clamp down on tax evasion.
- 'GST evasion taking place via black marketing, undervaluing imports'Big data analytics by the authorities has revealed that although importers are paying GST, they are supplying the goods without bill, sourc...
- Evading tax could soon invite jail termSupreme Court appointed SIT has suggested government to make tax evasion could soon become a prosecutable offence inviting jail term.
- Finance Ministry detects about Rs 1,000 cr customs, excise duty evasionThe Finance Ministry has detected customs and excise duty evasion of at least Rs 1,000 crore between January and July.
- Tax evasion of over Rs 2,600 crore detectedComing down heavily on tax defaulters, financial intelligence agencies have detected tax and duty evasion of over Rs 2,600 crore in the las...
- Excise spots Rs 1k cr evasion cases in H1Companies like LG Electronics, Skoda Auto India and Sahara India Financial Corporation have been booked by the Directorate of Central Excis...
Load More
