A cash deposit exceeding $10,000 in a single day triggers an automatic report to the federal government. Financial institutions do not make...

Navigating overseas property purchases for NRI/OCI children can be complex for Indian parents, entangled in regulations like FEMA and RBI's...

A US Senate bill to impose tougher sanctions on Russia is facing growing opposition in the House, making it unlikely to move before the Nov...

R Sivakumar, CIO, Axis Mutual Fund, believes the starting point should be a diversified asset-allocation framework rather than market views...

Throughout history, ancient Indian cultures embraced intoxicants such as toddy and cannabis, weaving them into the fabric of religious and ...

The U.S. Court of International Trade on Thursday upheld Donald Trump’s authority to end the “de minimis” tariff exemption for low-value im...

Federal sex trafficking prosecutions have significantly declined in recent months. Staffing shortages and funding cuts have hampered invest...

A new US report claims countries route exports through third nations to avoid tariffs. This practice, known as transshipping, costs the Uni...

India has accused Volkswagen of evading $1.4 bn in taxes by misclassifying car component imports as individual parts. This allowed Volkswag...

The tax officials under GST has detected fake ITC evasion of ₹.1.14 lakh crore from the year 2020 till date. "Fake entities and GST evasion...

The probe is in connection with underpayment of customs and wrong declaration in the import of solar cells and solar modules from China bet...

The GST Council has taken a number of measures, such as the introduction of electronic way (e-way) bills, to clamp down on tax evasion.

Big data analytics by the authorities has revealed that although importers are paying GST, they are supplying the goods without bill, sourc...

Supreme Court appointed SIT has suggested government to make tax evasion could soon become a prosecutable offence inviting jail term.

The Finance Ministry has detected customs and excise duty evasion of at least Rs 1,000 crore between January and July.

Coming down heavily on tax defaulters, financial intelligence agencies have detected tax and duty evasion of over Rs 2,600 crore in the las...

Companies like LG Electronics, Skoda Auto India and Sahara India Financial Corporation have been booked by the Directorate of Central Excis...