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Monday, December 16, 2019

tax evasion


In A First: AI tool to help govt crack down on traders evading tax

December 02, 2019 3:49 am

Given that such data exists in many tax jurisdictions and that anecdotal evidence suggests that such false paper trails are a common problem, our work should have high policy relevance both within India and elsewhere,” says the paper.

Indirect tax evasion cases post a decline in FY18-19

September 23, 2018 1:17 am

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

April 24, 2018 10:20 am

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

February 14, 2018 4:05 am

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

September 20, 2017 2:47 pm

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

Illegal share trading: 3 held for tax evasion

June 11, 2016 1:13 am

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

February 23, 2016 7:05 pm

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

January 17, 2016 12:32 pm

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

September 19, 2015 4:34 pm

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.