Searched for
TAX EVASION PENALTY
DGGI sends 300 notices to cos' top brass over input tax creditThe DGGI has issued over 300 show-cause notices to company officials for wrongfully availing input tax credit. Penalties up to 100% have be...03 Oct, 2024, 01.32 AM IST- Aviva says India unit 'engaging' with authorities over tax investigationBritish insurer Aviva's India unit is under scrutiny for alleged tax evasion between 2017 and 2023. The company is accused of using fake in...31 Aug, 2024, 05.50 PM IST
- Shakira charged with second tax evasion case in Spain; Here’s what happenedSpanish prosecutors allege that in 2018, Shakira committed tax fraud amounting to €6.7 million (approximately $7.1 million or £5.8 million).27 Sep, 2023, 09.45 AM IST
- Govt says Rs 95.86 crore recovered from 11 cryptocurrency exchanges for GST evasionZanmai Labs (WAZIRX), Coin DCX, CoinSwitch Kuber, Buy Ucoin, UnoCoin and Flitpay were among the exchanges that were involved in GST evasion...28 Mar, 2022, 09.10 PM IST
- 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.05 Feb, 2020, 08.25 AM IST
- How income tax department can penalise you for under-reporting, misreporting incomeAs per the I-T laws, in case of misreporting of income the I-T officer can levy a penalty of 200% of the amount of tax payable on under-rep...20 Apr, 2018, 10.47 AM IST
- States to step up e-way bill vigilance to clamp down on evasionThe move comes as states such as Maharashtra have seen lower-than-expected generation of e-way bills by transporters, which the authorities...10 Apr, 2018, 11.30 PM IST
- Rs 6-cr GST evasion in 5 months of FY18GST was introduced on July 1, 2017. It subsumed over a dozen central as well as local taxes, including excise and service tax, taking the c...06 Feb, 2018, 05.12 PM IST
- Unaccounted deposits post demonetisation likely to attract up to 60% taxThe move comes amid banks reporting over Rs 21,000 crore being deposited in zero-balance Jan Dhan accounts in two weeks after the ban.25 Nov, 2016, 10.10 AM IST
- Rs 4-crore tax evasion unearthed during raid on confectionariesCommercial Tax department sleuths have detected tax evasion of nearly Rs 4 crore following raids on five confectionaries in the Sanwer Road...30 Jul, 2015, 06.45 PM IST
- FinMin reduces penalty for customs duty fraud by 10%The penalty in cases of customs duty fraud has been reduced by 10 per cent by the Finance Ministry, amending Section 28 of the Customs Act.23 Jun, 2015, 03.24 PM IST
- Customs duty evasion: Finance Ministry proposes to reduce penaltyThe Centre has also proposed to rationalise imposition of penalty on central excise duty and service tax evasions by fraud and other means.12 Mar, 2015, 05.00 PM IST
- Curb tax evasion, delay in depositing TDS firmly: CourtTax evasion by individuals or cos by non-depositing TDS within prescribed time is rising day by day and should be curbed with a firm hand, ...20 Jan, 2015, 02.46 PM IST
- CBEC detects Rs 9,800 cr of service tax evasion, warns evadersRevenue Department today issued a stern warning to tax evaders saying failure to clear dues would invite stiff penalty including prosecutio...01 Feb, 2013, 08.13 PM IST
- Tax department probing Rs 200 crore excise duty evasion by CadburyThe government on Thursday said the tax department is investigating alleged excise duty evasion to the tune of Rs 200 crore by confectioner...29 Nov, 2012, 01.11 PM IST
- BA asked to pay Rs 133 cr service tax; airline says no duesTax authorities have asked British Airways to pay Rs 133 crore, an amount equal to service tax the department says is due from the airline ...06 Jan, 2009, 06.31 PM IST
- MCA to scan tax evasion casesThis could spell double trouble for tax-evading companies. The ministry of corporate affairs (MCA) has sought details from the Income-Tax d...30 Oct, 2008, 03.46 AM IST
Load More
