Tax Evasion | The Asian Age

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Last year, Sebi identified approximately 32,000 entities for further examination on suspicion of violating securities law to evade taxes.

Sebi mulls ways to check misuse of stock market

Sebi's existing surveillance systems are already generating over 100 alerts a day to facilitate detection of market manipulation.

11 Jun 2017 3:17 PM

Income Tax department has launched massive crackdown on tax evaders.

I-T dept unearths 400 benami deals, attaches Rs 600-cr properties

Crackdowns form part of tax dept's efforts to implement new Benami Act to ensure visible outcomes.

24 May 2017 6:49 PM

Income tax department has added more taxpayers since November last year.

India added 91 lakh new taxpayers after note ban

Around Nov 8 last year, there were 5 crore taxpayers in country who now stand at 5.91 crore.

17 May 2017 11:07 AM

Arun Jaitley launches Operation Clean Money website

Details of raids by I-T dept will be put online and govt will rate defaulters from high to low risk.

16 May 2017 6:15 PM

Jaitley asks ED to use penal powers 'expeditiously'

Finance Minister says interest of larger public takes a hit when people indulge in non-compliance.

29 Apr 2017 2:14 PM

Government has laucnhed massive crackdown on black money hoarders.

60,000 'black money hoarders' under I-T scanner

CBDT has already detected undisclosed income over Rs 9,334 crore from Nov 9, 2016 to Feb 28 this year.

14 Apr 2017 10:58 AM

Rajasthan chaiwalla under I-T lense for giving Rs 1.5 cr dowry

Leela Ram Gujjar was shown in a viral video flaunting cash and counting them in a loud voice.

13 Apr 2017 1:01 PM

Those expressing concerns over GST are tax evaders: Adi Godrej

On GST proposing four rates of 5, 12, 18 and 28 per cent, he said it's well-formulated.

11 Apr 2017 12:39 PM

A total of 23,064 searches were conducted by the Revenue Department, of which 17,525 were by the Income Tax Department and remaining by the customs, excise and service tax wings.

Tax evasion of more than Rs 1.37 lakh crore detected in last 3 yrs

Tax department has made it mandatory to quote PAN for cash deposits above Rs 50,000.

07 Apr 2017 1:38 PM

In 3,218 cases, offences were compounded by the competent I-T authorities.

I-T dept uncovers Rs 45,622 cr undisclosed income

116 persons were convicted of offences committed under the Act.

24 Mar 2017 4:00 PM

Sania Mirza lost in the mixed doubles final at the Australian Open. (Photo: PTI)

Sania Mirza to send representative for tax evasion hearing

Indian tennis star Sania Mirza is likely to send a representative for her court hearing in a tax evasion case.

14 Feb 2017 6:55 PM

GST Council, at its last meeting, has decided that the provision of arrest will be restricted to forgery and non- deposit of collected taxes with the exchequer within the stipulated timeframe.

GST: Tax evasion up to Rs 2 crore a bailable offence

Under the IPC 1860, forgery and cheating are non- bailable offence, which means that bail can only be granted by a court.

19 Jan 2017 3:11 PM

The searches that began as early as 6:00 am are on at various places in the state and neighbouring state of Andhra Pradesh.

Tax evasion probe: IT sleuths search TN Chief Secy's office

'A total of 13 premises are being searched,' a senior official said.

21 Dec 2016 3:11 PM

More than 18 million leaked documents have been examined in the expose. (Photo: AFP)

Mourinho and Ronaldo tax claims denied by agents

Cristiano Ronaldo and Jose Mourinho are accused of hiding millions in tax havens.

04 Dec 2016 11:03 AM

Around 18 million leaked documents have been examined in the tax envasion claims on Ronaldo, Mourinho (Photo: AFP)

Tax evasion claims on Ronaldo, Mourinho

Ronaldo could have hidden 150 million euros in tax havens in Switzerland and the British Virgin Islands.

03 Dec 2016 11:27 AM

Pakistan Tehreek-i-insaf chairman Imran Khan. (Photo: AP)

Imran Khan denies accusations of money laundering

The cricketer-turned politician said that the land in Bani Gala was bought by him for Rs. 435 million in 2002.

29 Nov 2016 4:02 PM

Finance Minister Arun Jaitley. (Photo: PTI)

Arun Jaitley introduces Income Tax Amendment Bill in LS to fight tax evasion

The Income Tax Amendment bill proposes a 30% tax on undisclosed income, plus 10% penalty as also a 33% surcharge.

28 Nov 2016 2:12 PM

Edu bodies, real estate top black money hoarders

During 2015-16, I-T Dept conducted 445 searches which discovered undisclosed income of Rs 11,066 crore.

25 Nov 2016 3:57 PM

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Farrukh Dhondy