Income Tax Fraud
- All
- News
- Videos
-
Shakira Being Probed For Alleged Tax Fraud, Prosecutor Seeks 8-Years Jail
A Spanish court said on Thursday it has started a new investigation against Colombian singer Shakira linked to alleged fraud on income and wealth tax in 2018.
-
Relief To Google In Income Tax Case Over Payments From India To Ireland
Bengaluru bench of tax tribunal gives ruling after re-examining issues on orders of the Karnataka High Court
-
Bihar Daily Wager Gets Income Tax Notice Of Rs 37.5 Lakh, Case Filed
A daily wage earner in Bihar was stunned when he was recently slapped with a notice from the Income Tax department which ordered him to pay "dues" of Rs 37.5 lakh.
-
Rs 700 Crore GST Fraud Unearthed In Madhya Pradesh, 5 Arrested
The accused ran the fake GST input tax credit (ITC) racket by creating a network of around 500 bogus firms using forged documents, addresses and fake identities.
-
Tax Raid At 23 Premises Of Gujarat Diamond Firm, Multi-Crore Fraud Suspected
The Central Board of Direct Taxes or CBDT today said the Income Tax Department has detected tax evasion worth crores of rupees in raids on a leading diamond manufacturer and exporter of Gujarat.
-
Man Arrested For Input Tax Credit Fraud Of Rs 38.91 Crore In Delhi
In the ongoing drive to counter the fake billing operations, the Central Goods and Service Tax (CGST) Commissionerate arrested an accused for creating a network of 38 fictitious firms to generate and pass fake Input Tax Credit (ITC) of Goods and Service Tax (GST) amounting to Rs 38.91 Crore.
-
Time Limit For Reopening Of IT Assessment Halved To 3 Years: Nirmala Sitharaman
Finance Minister Nirmala Sitharaman on Monday reduced the time limit for reopening of income tax assessment cases to three years from six years, while for serious tax fraud cases where concealment of income is Rs 50 lakh or more it would be 10 years.
-
Three Infosys Techies Arrested In Bengaluru For Fraud
Three software engineers working with Infosys were arrested in Bengaluru on charge of cheating by contacting income tax payers and demanding money on the pretext of ensuring tax rebates, the police said on Monday.
-
Rs 30 Crore 'Black Money' Found In Tax Raids At Tamil Nadu Coaching Firm
In raids on a Tamil Nadu-based business group running coaching institutes for competitive examinations, the Income Tax (I-T) Department has seized Rs 30 crore unaccounted cash.
-
Nirav Modi's Seized Paintings Auctioned For Rs 55 Crore
Fugitive diamond merchant Nirav Modi, who has fled the country after the Rs 13,000 crore Punjab National Bank fraud surfaced, may have evaded the Indian authorities so far but the Income Tax authorities will be able to recover nearly Rs 55 crore from the auction of paintings that were seized from his premises.
-
Indian-Origin Pharmacist Guilty In $4 Million US Tax Fraud
An Indian-origin pharmacist has pleaded guilty to cashing millions of dollars' worth of his pharmacy's cheques to evade the payment of income taxes totalling about USD four million and now faces a maximum sentence of five years in jail, according to a federal prosecutor.
-
Man Arrested For Rs 12 Crore Tax Default From Mumbai Airport
The Income Tax Department has invoked a rarely used power and arrested a Karnataka-based businessman for alleged tax default of about Rs 12 crore, a senior official said on Tuesday.
-
3 Tax Notices Issued Against Nirav Modi: Revenue Department
The Income Tax department has slapped three notices under the foreign black money law against diamond trader Nirav Modi, involved in Rs 14,000 crore PNB fraud case, for allegedly holding illegal assets abroad.
-
Alert Issued Against Fake Messages Luring People Of IT Department Refunds
The country's premier cyber security agency - CERT-In - has cautioned against a malicious 'SMShing' fraud where fake messages are being sent to people in the name of the Income Tax Department saying their refunds have been approved, with an aim to steal the recipient's vital personal details and put them on the dark net "for sale".
-
Income Tax Officer In Hyderabad Sentenced To 3 Years In Jail For Financial Fraud
A special CBI court in Hyderabad on Wednesday sentenced an Income Tax officer to three years imprisonment on charges of misappropriating funds by fictitious refunds and payments made during the 2007-08 financial year.
-
Shakira Being Probed For Alleged Tax Fraud, Prosecutor Seeks 8-Years Jail
A Spanish court said on Thursday it has started a new investigation against Colombian singer Shakira linked to alleged fraud on income and wealth tax in 2018.
-
Relief To Google In Income Tax Case Over Payments From India To Ireland
Bengaluru bench of tax tribunal gives ruling after re-examining issues on orders of the Karnataka High Court
-
Bihar Daily Wager Gets Income Tax Notice Of Rs 37.5 Lakh, Case Filed
A daily wage earner in Bihar was stunned when he was recently slapped with a notice from the Income Tax department which ordered him to pay "dues" of Rs 37.5 lakh.
-
Rs 700 Crore GST Fraud Unearthed In Madhya Pradesh, 5 Arrested
The accused ran the fake GST input tax credit (ITC) racket by creating a network of around 500 bogus firms using forged documents, addresses and fake identities.
-
Tax Raid At 23 Premises Of Gujarat Diamond Firm, Multi-Crore Fraud Suspected
The Central Board of Direct Taxes or CBDT today said the Income Tax Department has detected tax evasion worth crores of rupees in raids on a leading diamond manufacturer and exporter of Gujarat.
-
Man Arrested For Input Tax Credit Fraud Of Rs 38.91 Crore In Delhi
In the ongoing drive to counter the fake billing operations, the Central Goods and Service Tax (CGST) Commissionerate arrested an accused for creating a network of 38 fictitious firms to generate and pass fake Input Tax Credit (ITC) of Goods and Service Tax (GST) amounting to Rs 38.91 Crore.
-
Time Limit For Reopening Of IT Assessment Halved To 3 Years: Nirmala Sitharaman
Finance Minister Nirmala Sitharaman on Monday reduced the time limit for reopening of income tax assessment cases to three years from six years, while for serious tax fraud cases where concealment of income is Rs 50 lakh or more it would be 10 years.
-
Three Infosys Techies Arrested In Bengaluru For Fraud
Three software engineers working with Infosys were arrested in Bengaluru on charge of cheating by contacting income tax payers and demanding money on the pretext of ensuring tax rebates, the police said on Monday.
-
Rs 30 Crore 'Black Money' Found In Tax Raids At Tamil Nadu Coaching Firm
In raids on a Tamil Nadu-based business group running coaching institutes for competitive examinations, the Income Tax (I-T) Department has seized Rs 30 crore unaccounted cash.
-
Nirav Modi's Seized Paintings Auctioned For Rs 55 Crore
Fugitive diamond merchant Nirav Modi, who has fled the country after the Rs 13,000 crore Punjab National Bank fraud surfaced, may have evaded the Indian authorities so far but the Income Tax authorities will be able to recover nearly Rs 55 crore from the auction of paintings that were seized from his premises.
-
Indian-Origin Pharmacist Guilty In $4 Million US Tax Fraud
An Indian-origin pharmacist has pleaded guilty to cashing millions of dollars' worth of his pharmacy's cheques to evade the payment of income taxes totalling about USD four million and now faces a maximum sentence of five years in jail, according to a federal prosecutor.
-
Man Arrested For Rs 12 Crore Tax Default From Mumbai Airport
The Income Tax Department has invoked a rarely used power and arrested a Karnataka-based businessman for alleged tax default of about Rs 12 crore, a senior official said on Tuesday.
-
3 Tax Notices Issued Against Nirav Modi: Revenue Department
The Income Tax department has slapped three notices under the foreign black money law against diamond trader Nirav Modi, involved in Rs 14,000 crore PNB fraud case, for allegedly holding illegal assets abroad.
-
Alert Issued Against Fake Messages Luring People Of IT Department Refunds
The country's premier cyber security agency - CERT-In - has cautioned against a malicious 'SMShing' fraud where fake messages are being sent to people in the name of the Income Tax Department saying their refunds have been approved, with an aim to steal the recipient's vital personal details and put them on the dark net "for sale".
-
Income Tax Officer In Hyderabad Sentenced To 3 Years In Jail For Financial Fraud
A special CBI court in Hyderabad on Wednesday sentenced an Income Tax officer to three years imprisonment on charges of misappropriating funds by fictitious refunds and payments made during the 2007-08 financial year.
