Tax Evasion

Explained: Nadhim Zahawi’s tax row and his sacking as Conservative Party chairman

British prime minister Rishi Sunak dismissed Conservative Party chairman Nadhim Zahawi for a ‘serious breach’ of the Ministerial Code. The senior Tory leader faced fierce pressure to quit over questions about his finances and that he had agreed to a penalty settlement with the country’s tax body

Trump's tax returns to be released Friday after long fight

A 2020 New York Times series showed that Trump paid just $750 in federal income taxes in 2017 and 2018, as well as no income taxes at all in 10 of the past 15 years

Centre considering to remove penal offence already covered under Indian Penal Code from GST Act

The proposal, part of the exercise to decriminalise GST law, is likely to be taken up in the next meeting of the GST Council. Once approved by the GST Council, the Finance Ministry will propose amendments to the GST law, which could be taken up in the upcoming winter session of Parliament next month

Income-Tax department is stepping into "new areas" to combat tax evasion, says CBDT Chairman Nitin Gupta

The Chairman said that data and risk analysis is being used to identify which cases have potential for investigation. 'We are touching new areas and various sectors of the economy which were never touched like asset reconstruction companies, gaming, betting etc.,' he said

IT slaps Rs 37.5 lakh 'due' notice to daily wager in Bihar

In the complaint Girish wrote that the notice identifies him as someone associated with a Rajasthan based private company however he claims to have never visited the state.

Vivo India accused of tax evasion to the tune of Rs 2,217 crore by the Directorate of Revenue Intelligence

The Enforcement Directorate and the Directorate of Revenue Intelligence has found in its investigations that Vivo India evaded custom duty to the tune of Rs 2,217 crore. Earlier, they had also accused Oppo of evading custom duty to the tune of Rs 4,389 crore.

The stink of corruption: Who is perfume merchant Piyush Jain and how authorities nabbed him

The money was allegedly generated through the dispatch of goods via fake invoices and without e-way bills by a goods transporter. Officials have seized more than 200 fake invoices from the premises they raided

Rs 257-cr cash, 250 kg silver, 25 kg gold: The tax raid on businessman Piyush Jain by the numbers

Jain is likely to be produced in court on Monday and could be taken to Ahmedabad from Kanpur for further investigation

Pandora Papers show line between tax avoidance and evasion has become blurred

The difference used to matter. Evasion was illegal. It meant not paying tax that was due. Avoidance meant arranging your affairs so tax wasn’t due.

Judge recommends €14.5 mn tax evasion trial for Shakira in Spain, says probe found 'sufficient evidence'

Shakira faces a possible fine and even jail time if found guilty of tax evasion.