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TAX EVASION NOTICE
Kolkata woman made Rs 26 crore profit in stocks and paid zero tax: Here's how she did it legallyA Kolkata businesswoman, Saroj Goenka, legally saved ₹26 crore in taxes by reinvesting long-term capital gains from share sales into constr...- Income tax alert: These taxpayers could receive scrutiny notices by June 30, 2026 under Section 143(2)The CBDT has set June 30, 2026, as the deadline for issuing scrutiny notices under Section 143(2) for FY 2025-26 returns. An internal deadl...
- Income Tax Department issues ITR scrutiny guidelines: These ITR filers may face compulsory scrutiny in FY 26-27The CBDT has released new guidelines for compulsory income tax return scrutiny in FY 2026-27, impacting returns filed in FY 2025-26. Specif...
- Digital arrest: How India’s fastest-growing scam uses fake investigations and video calls to siphon off croresThey pose as the police, put you under ‘digital arrest’, and tether you to a video call till your savings are gone. How India’s fastest gro...
- Gaming firms face ₹2.5 lakh crore exposure as Supreme Court upholds 28% GST on betting valueThe Supreme Court has made headlines with its ruling, requiring online gaming platforms to pay a hefty 28% GST on the entirety of the bet v...
- DGGI set to fire up GST recovery drive against gaming firms after Supreme Court's backingThe Directorate General of GST Intelligence will now aggressively pursue tax recovery from online gaming companies after the Supreme Court ...
- Byju gets jail term; SC backs 28% gaming GSTLegal troubles compounded for Byju Raveendran as a Singapore court sentenced him to six months in jail. This and more in today’s ETtech Top...
- Google blocked the first known AI-powered attack on 2FA accounts; here is how hackers tried to break in, know how to stay safeForeign hackers attempted a novel AI-powered cyberattack targeting two-factor authentication using a zero-day exploit. Google's Threat Inte...
- 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...
- Karnataka witnesses 5-fold jump in GST tax evasion at Rs 39,577 cr in FY25Central GST officers in Karnataka uncovered a significant surge in tax evasion, detecting Rs 39,577 crore in the 2024-25 fiscal year. This ...
- More IT biggies to get tax notices after ₹32,000 cr demand to Infosys, source saysTax Notice: Indian tax authorities may send notices to more IT firms after Infosys received a ₹32,000 crore tax demand for alleged evasion ...
- After $4 billion Infosys demand, India may target other IT majors, source saysThe government accused Infosys of evading taxes and sought Rs 32,000 crore ($3.8 billion), or almost all its revenue for the quarter ended ...
- Retro tax demand on online gaming companies may be quashedAs per the recommendation tax notices in cases where the lower tax was paid due to interpretation of law or lack of clarity can be quashed,...
- SC seeks response from taxman on ₹1L cr notices to e-gaming cosThe show-cause notices were issued after the government clarified that all online games involving betting and gambling, irrespective of ski...
- Taxing times: Why are so many companies getting GST notices?The tax authorities have been shooting off tax demand notices for several months now. Tax officers sent around 33,000 GST notices to busine...
- If you don't reply to income tax dept's queries, ITR likely to be picked for full scrutiny: CBDTThe Central Board of Direct Taxes (CBDT) has issued guidelines of the income tax officials regarding parameters to be followed to pick up t...
- Samsung exploring ‘legal opinion’ after DRI's Rs. 17k crore tax evasion notice"This is a tax dispute involving interpretation of law. We are reviewing the notice and are exploring legal opinion," a Samsung India spoke...
- Govt issues notices to tax evaders on ITR, GST mismatch; ET.com informed you a month agoThe initial findings have reported the overstatement of GST claims and understatement of income in the ITRs, as per officials.
- Income tax department examining HSBC reply in blackmoney case: CBDTJindal said as the investigations in this regard are in progress, he would not want to comment further on the action taken by the taxman as...
- Not considering strict laws to check excise duty evasion: Jayant SinhaSinha further said existing provisions under the present laws are adequate to check evasion of these indirect tax/levies.
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