tax evasion

tax evasion News

Indirect tax evasion cases post a decline in FY18-19

A closer look at government data reveals that the Central Board of Direct Taxes (CBDT) has registered an over six-fold increase in the number of prosecution cases filed in courts to 4,524 in 2017-18 from 669 in 2014-15.

Govt stays action on BJP MLC's firm for alleged tax evasion, human trafficking

In its April 4 order, the Bureau of Civil Aviation Security (BCAS) alleged that Krystal Aviation Services Pvt Ltd, promoted by Prasad Minesh Lad and his wife, created “ghost employees” in the payrolls of associate firms to “evade taxes”.


Industrialist held for tax evasion in Ludhiana

Information from excise department revealed that bills amounting to more than Rs 100 crore had been issued in the last 3 years out of which initial investigation have shown tax evasion of nearly Rs 7 crore.

Tax evasion through stocks: Sebi revokes ban on 114 entities

Market regulator Sebi has revoked the trading ban imposed on 114 entities saying it did not find any adverse evidence against them.

In fact: 18 years ago, a tax amnesty scheme that worked – and why

In 1997, in the days before P Chidambaram presented his famous dream budget, one of the proposals under discussion in North Block, which houses the Ministry of Finance, was a tax amnesty scheme. Once a decision was taken to cut direct tax rates sharply to 10%, 20% and 30%, replacing the earlier rates of 15%, […]

Illegal share trading: 3 held for tax evasion

A case of cheating and sections of the Securities Contract Act was registered and the three.


CVC probes Rs 580 cr alleged excise duty evasion by Cadbury

Cadbury India had allegedly evaded excise duty by fraudulently taking exemption for one of its 'ghost' production units in Himachal Pradesh's Baddi area.

Probe against MakeMyTrip for alleged tax evasion of Rs 75 crore

The firm has so far deposited Rs 15 crore towards its anticipated service tax liability.

7 Indian-origin businessmen charged with tax evasion in US

From July 2010 to December 2013, nine defendants, including the seven Indians, collectively defrauded the state out of more than USD 3.5 million in sales taxes, NBC Chicago reported yesterday.

Declarations under blackmoney window to remain confidential

The Finance Ministry also detailed treatment of income of non-residents after moving back to the country and as well as applicability of Double Taxation Avoidance Agreement (DTAA) provisions.