Practo, the health startup, is being investigated for supposed tax evasion
According to the Nikkei Asian Review website, the tax authorities searched Practo’s offices in Bengaluru and seized company records in late May.
Income tax department forms committee to look into tax risk of super-rich leaving India
In light of the emigration of the likes of Vijay Mall...
DGGI recovers over Rs 50 crore evaded tax in Mangaluru
The apex intelligence agency under the Central Board of Indirect Tax and Customs (CBIC...
Income Tax Department freezes bank accounts of Cognizant
Accounts of Cognizant India-- one of the country's largest software firms-- were frozen after it failed to pay DDT of more than Rs 2500 crore in the FY2016-17.
Submitting fake bills to lower your tax liability? Tax department has ways to catch you
While submitting proof for reimbursements make sure it is real and not fake as that would get you in serious trouble with the tax department.
'Panama Papers' law firm shuts down operations
Last August, co-founder Jurgen Mossack acknowledged the firm had closed most of its offices abroad after its damaged credibility caused business to flounder.
I-T attaches Rs 1,200cr SEZ unit of Gitanjali in Hyderabad
The officials said the property has been provisionally attached under the Income Tax law and the action was taken to "recover outstanding tax demands".
Government to strengthen agency under GST to check tax evasion
The CBEC will itself be rechristened as the Central Board of Indirect Taxes and Customs (CBIC) and will supervise GST and Customs activities and provide the government policy inputs.
Rotomac bank fraud: I-T attaches assets in Kanpur, Ahmedabad
These attachment of assets, they said, has been carried out to "recover outstanding tax demands" from the group, understood to be about Rs 85 crore.
I-T searches on Delhi-based liquor firm for tax evasion
Teams from the IT depart swooped down on a total of 13 premises in Delhi, Chandigarh and parts of Punjab and seized Rs 1 cr cash and 4 kg jewellery from the premises of the firm.
Draft rules released to prevent tax evasion via unquoted shares
According to the draft rules, the “net asset book value” method is proposed to be adopted for the valuation of shares.
Agency denies tax evasion by Ronaldo and Mourinho
SOCCER-TAXATION-CLAIMS:Agency denies tax evasion by Ronaldo and Mourinho
PAN-Aadhaar linking is to check tax evasion and black money: Govt to SC
Attorney General said people are procuring multiple PAN cards which were being used for illegal transactions and to "divert funds" to shell firms.
Government making all efforts to make GST foolproof against evasion: Hasmukh Adhia
The top finance ministry official said, "GST is an end-to-end IT-based tax system. We are making all efforts to make it full proof with the help of technology.
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