Tax evasion case: Sania Mirza clears the air, says Telangana government gave her Rs 1 cr as 'incentive'
In July 2014, the Telangana government had announced that Sania would be the state's Brand Ambassador, and gave her Rs one crore towards preparations for major tournaments
Feb 16, 2017, 21:05 PM IST
Sania Mirza summoned by Service Tax Department for tax evasion
Principal Commissioner of Service Tax office here issued the summons to the tennis star on February 6 and appear before it in person or by an authorised agent on February 16.
Feb 09, 2017, 08:36 AM IST
GST: Tax evasion up to Rs 2 crore a bailable offence
To make GST regime less onerous, the Centre and states have decided to water down the penal provisions to ensure a trader gets immediate bail if the alleged tax evasion is up to Rs 2 crore.
Jan 19, 2017, 15:35 PM IST
France praises PM Narendra Modi's demonetisation move, says it's bold decision to combat corruption, black money
France has heaped praises on PM Narendra Modi for his demonetisation move.
Jan 16, 2017, 11:10 AM IST
PAN card must for all bank account holders by February 28
In yet another to fight against black money and tax evasion, the government has notified that all individuals having bank accounts will have to update their PAN or Form-60 if PAN not available by February 28, 2017.
Jan 08, 2017, 17:34 PM IST
Demonetisation: 60 lakh depositors parked Rs 7 lakh crore in banks since November 8
Since demonetisation decision was announced by the central government on November 8, 60 lakh depositors (individuals and companies) have parked Rs 7 lakh crore in banks.
Dec 29, 2016, 18:07 PM IST
Cristiano Ronaldo declared 20 million euros in Swiss banks: Spanish newspaper
The Portuguese international earned 203.7 million euros outside of Spain and 23.5 million inside the country.
Dec 11, 2016, 19:13 PM IST
DNA: Analysis of what Indian's thiunk about tax evasion
Analysis of Indian people's mentality of tax evasion. Watch this special segment and get to know more here.
Nov 27, 2016, 09:20 AM IST
Demonetisation: Jan Dhan accounts under scanner; Rs 21,000 crore deposited so far
In the case of Jan Dhan account, the holder can deposit up to Rs 50,000.
Nov 23, 2016, 16:03 PM IST
HSBC should stand trial in tax fraud case, says French prosecutor
A French prosecutor has called for British banking giant HSBC to stand trial for enabling French clients to hide at least 1.67 billion euros ($1.84 billion) from the taxman, a source close to the probe said Thursday.
Nov 07, 2016, 21:12 PM IST
Income Tax dept to intensify crackdown on black money hoarders
With both the one-time black money declaration windows concluded, the Income Tax department is set to intensify its crackdown against stash holders after a recent case where an IDS participant surrendered a fresh Rs 30 crore of unaccounted wealth to the taxman after raids were conducted against him.
Oct 23, 2016, 14:16 PM IST
Govt revises excise duty evasion limit to warrant arrest
The government has doubled the limit of excise duty evasion for arrest and prosecution of accused to Rs 2 crore and also asked officials not to resort to penal provision in cases of technical nature.
Oct 11, 2016, 12:25 PM IST
Nagaland Assembly ratifies GST
The Nagaland Legislative Assembly on Friday ratified the Goods and Service Tax (GST) Constitution Amendment Bill.
Aug 26, 2016, 17:00 PM IST
Sebi confirms ban on 11 entities in tax evasion case
Markets regulator Sebi on Wednesday confirmed its interim order banning 11 entities in a case related to tax evasion and money laundering through stock exchange platform.
Aug 24, 2016, 19:46 PM IST
Cabinet gives nod to revised Indo-Cyprus DTAA
In another major step in fight against tax evasion, the Cabinet on Wednesday gave its approval to the revised DTAA between India and Cyprus that provides for source-based taxation of capital gains on transfer of shares instead of one based on residence.
Aug 24, 2016, 19:17 PM IST
I-T dept identifies 90 lakh high-value transactions without PAN; to seek details
The high-value transaction trails were detected following the department's drive to bring to book maximum amount of black money during the one-time compliance window closing on September 30.
Jul 21, 2016, 17:27 PM IST
Govt may extend tax payment deadline for black money scheme
The government may extend the deadline for payment of tax on black money disclosed during the one-time compliance window and has accepted the industry request for tax being paid in instalments.
Jul 07, 2016, 15:24 PM IST
CBDT to look into high value transactions to trace tax evaders
In order to identify tax evaders, the Income Tax department on Friday said it will use 360 degree profiling and match the database of people filing returns with those of informations about high value transactions.
Jun 18, 2016, 09:51 AM IST
Double taxpayers to 10 crore people, says PM Modi; warns against tax evaders
At the conference titled 'Rajasva Gyan Sangam' (Knowledge Conference on Revenue), Modi asked the officials to "move towards digitisation" to make tax administration efficient and work towards bridging the "trust deficit".
Jun 16, 2016, 18:27 PM IST
Black money: India, Switzerland expect auto info exchange by 2018
Seeking to enhance cooperation to fight the black money menace, India and Switzerland Wednesday said a team would soon visit the Alpine nation to expedite pending information requests on Indians with Swiss bank accounts, while an automatic exchange of details would begin in 2018.
Jun 15, 2016, 20:54 PM IST
