Tag: tax evasion
Error in assessment of income tax identified
New Delhi: The Comptroller and Auditor General (CAG) on Tuesday flagged widespread errors and omissions in income tax assessments resulting in a potential tax loss…
Fake registration drive: GST officers detect 10,700 bogus firms, over Rs 10k cr evasion
New Delhi: Tax officers have detected around 10,700 fake registrations under the GST, involving evasion of Rs 10,179 crore in the ongoing all-India drive against…
India probing Netflix for visa violations, racial discrimination: Report
India is investigating the business practices of U.S. streaming giant Netflix’s local operations, including allegations of visa violations and racial discrimination, according to a government…
online gaming: Inter-dept panel may be set up to ensure compliance by online gaming platforms
An inter-departmental committee with representatives from ED, RBI, tax and consumer affairs departments may be set up to combat the proliferation of online gaming platforms…
Finance Ministry should identify high risk taxpayers in GST composition scheme: CAG
The Comptroller and Auditor General (CAG) has asked the Finance Ministry to identify high risk taxpayers in the GST composition scheme on a periodical basis…
Outward remittances exceeding ₹6 lakh come under I-T scanner
New Delhi: The Central Board of Direct Taxes (CBDT) has launched a comprehensive scrutiny and verification of high-value outward foreign remittances of above ₹6 lakh…
Bhandari wins permission to appeal extradition on six grounds in UK high court
LONDON: In a major blow to New Delhi, a UK high court judge has granted Indian defence middleman Sanjay Bhandari permission to appeal his extradition…
G20 finance ministers discuss global tax reforms, crypto assets, debt relief
G20 finance ministers on Tuesday discussed strategies to implement strategies for overhauling the global tax norms to ensure that multinational companies pay taxes wherever they…
India tightens norms to plug likely tax swindling efforts via donations to trusts
The Central Board of Direct Taxes has tightened norms for charitable, religious, and educational trusts with their their income tax returns, months after suspecting large…
Shree Cement shares slump after report of $2.81 billion tax evasion
India’s Shree Cement fell on Monday, after NDTV reported on Saturday that tax evasion amounting to 230 billion rupees ($2.81 billion) was found in searches…