Latest News on Tax Evasion
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Tax Evasion - Total results - 275
Feb 08, 2019
Rationalise regime of standard deduction for salaried class; keep highly paid CEOs out of this facilityStandard deduction for the salaried class in its new avatar is one-size-fits-all — it is the same for both the CEO of a company and his lowly minion at the bottom of the heap.
Feb 04, 2019
Piyush Goyal's FY20 forecast of GST revenue growth is ambitious; any shortfall to affect social sector spendingAn analysis shows that tax revenue forecasted in the year budget is presented often tends to be different from the actual revenue generated.
Jan 30, 2019
GST Network develops system to fetch e-way bill data into monthly sales returns to curb tax evasionMatching of invoices of e-way bills with the sales shown in GSTR-1 will help taxmen in assessing whether the supplies have been accurately shown in sales return
Jan 08, 2019
GST, excise, service tax evasion of Rs 48,555 cr detected during April-DecemberGST, central excise and service tax evasion detected during the April-December period of the current financial year stood at Rs 48,555 crore, the highest in two years.
Dec 24, 2018
GST has been at receiving end of ill-informed, motivated criticism; govt could work towards a single standard rate, says Arun JaitleyWith the GST transformation completed, we are close to completing the first set of rate of rationalisation, i.e. phasing out the 28% slab except in luxury and sin goods.
Dec 07, 2018
Deregistered companies decline to claim Rs 37,500 cr: Revelation is first tangible outcome of demonetisationThe Narendra Modi government functionaries and its sympathisers have been taking enormous pains from the date of demonetisation of high-value notes of Rs 500 and Rs 100 to underscore the point that the fruits of demonetisation would be available in the medium to long-term
Dec 05, 2018
US charges four men tied to money laundering and tax evasion schemes at Panama Papers firm; Ramses Owens still at largeThe four were affiliated with Mossack Fonseca, the law firm at the centre of the Panama Papers storm in 2016. Named in the 11-count indictment were Ramses Owens, 50, Dirk Brauer, 54; Richard Gaffey, and Harald Joachim Von Der Goltz, 81.
Nov 26, 2018
India-China amend double taxation avoidance treaty to help prevent tax evasionIndia and China have amended the bilateral tax treaty which will help prevent tax evasion by allowing the exchange of information, the Finance Ministry said
Nov 22, 2018
PAN card rule change to come into effect from 5 December: I-T Department tightens noose around individuals running shell companiesA PAN is a useful device to track financial transactions so that the tax base can be broadened and tax evasion foiled.
Nov 21, 2018
Indirect tax evasion of Rs 29,088 cr detected during April-October by investigation arm of finance ministryOf this, the Directorate General of GST Intelligence (DGGI), which is the enforcement agency for checking indirect tax evasion, has detected evasion of goods and services tax (GST) worth Rs 4,562 crore in 571 cases