Black money: Upto Rs 15 lakh award for info against defaulters
The new guidelines have been issued by the CBDT keeping in mind the huge challenge of tackling black funds in the country and at the same time boosting the revenue kitty.
Sep 06, 2015, 14:49 PM IST
Service Tax Dept to focus on 5 evasion prone sectors
"With a view to improve collection, the Service Tax department has prepared sector specific profile of five sectors which are prone to evasion," a senior official told PTI.
Sep 06, 2015, 11:04 AM IST
EU loses 168 billion euros in sales tax fraud, errors
EU countries lost 168 billion euros (USD 187 billion) in sales-tax revenue in 2013 mostly due to fraud and errors, the European Commission said on Thursday.
Sep 04, 2015, 22:40 PM IST
Black money window: More disclosures likely towards Sept-end
The government expects the number of disclosures about unaccounted overseas wealth under the black money window to go up in the last few weeks of the compliance period, which ends on September 30.
Aug 26, 2015, 22:58 PM IST
IT Dept suspects Rs 400-cr tax evasion on cap gains in Maharashtra
The Income Tax department has detected about 200 cases of bogus "long term capital gains" in Nagpur, Aurangabad and Nashik divisions of Maharashtra where tax of around Rs 400 crore was evaded.
Aug 26, 2015, 22:50 PM IST
SEBI steps up black money fight; busts gains through 'losses'
As it steps up its crackdown on tax evasion and laundering of black money through stock markets, regulator SEBI has busted an 'innovative' scheme wherein HNIs were incurring 'bogus losses' to offset tax liabilities.
Aug 23, 2015, 18:33 PM IST
Govt to issue 2nd set of FAQs on black money law soon: Das
In a bid to clarify issues related to the black money law the government will soon come out with second set of Frequently Asked Questions (FAQs).
Aug 21, 2015, 18:56 PM IST
Revenue Dept probing entities over penny stock misuse: Das
A day after Sebi clampdown on 59 entities misusing stock market for evading taxes, the government today said the investigation wing of the Revenue Department is probing companies which use the penny stock route for tax evasion.
Aug 21, 2015, 15:40 PM IST
Fight against black money: SEBI bars 59 entities
In a fresh clampdown on entities misusing stock markets for evading taxes, regulator SEBI Thursday barred 59 entities, including HNIs, from securities markets and also referred the case to the Income Tax Department for further investigations.
Aug 20, 2015, 21:33 PM IST
Govt approves pact with Seychelles to curb black money
To check black money generation, the government on Thursday approved signing and ratification of the agreement between India and Seychelles for exchange of information with respect to taxes.
Aug 20, 2015, 14:12 PM IST
SEBI busts fresh Rs 15.4 crore tax evasion case
In a fresh crackdown on alleged tax evasion through stock markets, regulator SEBI Tuesday banned a high networth individual B P Jhunjhunwala for fraudulently inflating the share price of a dormant company with a "facade" of investment worth around Rs 15.4 crore.
Aug 11, 2015, 22:52 PM IST
Govt assures 'full confidentiality' under black money window
This is in contrast to the Das' statement last week, where he had said that the information provided during the one-time compliance window can be revealed in the public interest.
Aug 10, 2015, 20:33 PM IST
Black money: Names can be revealed in public interest, says govt
Holding out no assurance of an absolute confidentiality to those disclosing foreign assets on their own, the government Tuesday said details of information provided during the one-time compliance window can be revealed in the public interest.
Aug 04, 2015, 22:07 PM IST
Govt taking effective steps to tackle black money: Sinha
The government on Thursday said it's taking effective steps to deal with black money and will focus on high-impact cases with a view to prosecuting offenders expeditiously for credible deterrence against tax evasion.
Jul 30, 2015, 19:43 PM IST
Foreign airlines under scanner for alleged Service Tax evasion
Six foreign airlines have come under the lens of revenue authorities here for alleged underpayment of Service Tax believed to be worth several crores.
Jul 26, 2015, 12:40 PM IST
SIT suggests host of tough measures to check black money
Seeking a tight rein on black money, the Supreme Court-appointed SIT Friday recommended enacting tough laws to curb betting in cricket, bring donations to education and religious bodies under tax net, monitoring unusual rise in stock prices and regulating P-Notes.
Jul 24, 2015, 23:29 PM IST
SIT asks SEBI to clamp down on tax evaders, P-Note misuse
Concerned over flow of black money into stock market, the Supreme Court-appointed SIT today asked regulator SEBI to compulsorily identify real owners of foreign funds coming through the controversial P-Note route and also prosecute those using equities for tax evasion.
Jul 24, 2015, 22:25 PM IST
Sebi busts billion-dollar 'tax evasion shops' in stock market
Suspecting tax evasion of at least Rs 5,000-6,000 crore, regulator Sebi has clamped down on a large number of organised syndicates who had set up 'shops' to convert black money into legitimate-looking funds through the stock market platform.
Jul 22, 2015, 19:57 PM IST
Court summons SpiceJet, Kalanithi Maran as accused in IT cases
Budget carrier SpiceJet Ltd, its Chairman Kalanithi Maran and another top company official have been summoned as accused by a Delhi court in two tax evasion cases for their alleged failure to deposit over Rs 147 crore TDS with the Income Tax (IT) Department.
Jul 21, 2015, 17:29 PM IST
BSE wants exemption to go to check tax evasion through stocks
To prevent money laundering and tax evasion through misuse of securities markets, leading stock exchange BSE has suggested removal of the long-term capital gains tax on transactions in stocks.
Jul 17, 2015, 12:37 PM IST
