Differences with India on making bank a/c info public: Switzerland
Noting that tax evasion is not a criminal offense in Switzerland, a senior Swiss official has acknowledged differences with India on what can be made public about Indians having unaccounted money parked in Swiss banks.
Oct 28, 2014, 12:47 PM IST
Switzerland gears up for automatic exchange of tax info; unclear on India
In the initial phase, these countries would include those with which Switzerland has "close economic and political ties", but it is not yet clear whether these nations would include India.
Oct 08, 2014, 18:44 PM IST
G20 resolves to check profit shifting for fair tax realisation
The Finance Ministers of the G20 nations on Saturday resolved to tackle Base Erosion and Profit Shifting (BEPS) to make sure companies pay their fair share of tax.
Sep 20, 2014, 21:22 PM IST
CBDT rationalises norms of scrutiny of tax returns
The Income Tax Department has rationalised the norms for manual selection for scrutiny of tax returns to bring it in line with global best practices.
Sep 04, 2014, 19:11 PM IST
Swiss banks hit by huge deposit outflow in tax crackdown
Swiss banks have suffered from a massive outflow of funds since 2008, a survey said on Friday, squeezed by an international crackdown on tax evasion.
Aug 29, 2014, 21:34 PM IST
Black money: India get Swiss banks' data of hoarders
Tax investigators pursuing instances of black money stashed abroad by Indians have finally been able to circumvent the Swiss secrecy code by asking over 100 such account holders to submit on their own details of personal balances in these banks, brought under the tax net recently, for lesser penal action for evasion.
Aug 24, 2014, 16:06 PM IST
DIAL faces alleged service tax evasion charge
The Delhi International Airport Private Limited (DIAL) has come under the scanner of central revenue department officials for allegedly evading service tax of about Rs 60 crore.
Aug 24, 2014, 15:56 PM IST
I-T department exposes huge tax evasion through open offers
Meanwhile, the Income Tax department is probing over 77 companies which had issued an open offer of more than Rs 25 crore in FY 13-14.
Aug 22, 2014, 14:26 PM IST
I-T department to tighten noose around corporate bosses
Expenses incurred on luxury cars, property purchase, coaching centres, earnings on fixed deposits will be closely watched by the I-T department.
Jul 29, 2014, 09:37 AM IST
Direct tax collection on rise: FM
Reasonable tax rates lead to voluntary compliance in paying taxes and government has means like search and seizure to make people pay their dues, the Lok Sabha was informed on Friday.
Jul 25, 2014, 16:27 PM IST
Govt using information from various nations to check tax evasion
The government on Tuesday said it is effectively using the information received from various countries to combat the menace of tax evasion and avoidance.
Jul 22, 2014, 17:12 PM IST
New intel units, 800 personnel to check service tax evasion
The Finance Ministry has cleared creation of new intelligence units across the country and appointment of over 800 personnel to check any leakage in its earnings from the indirect tax.
Jul 06, 2014, 19:06 PM IST
Black money: SIT asks agencies to share data on ongoing cases
SIT has asked for the data in order to understand the trends and magnitude of the menace of black money and generation of illegal funds in the country.
Jun 29, 2014, 11:38 AM IST
Switzerland to work with new Indian government on tax evasion
As the debate on alleged black money stashed by Indians in Swiss banks continues, Switzerland Sunday said it is looking forward to working together with the new government of India in its fight against tax evasion.
Jun 23, 2014, 17:36 PM IST
