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5 More Arrested In GST Scam Linked To The Hindu Journalist Mahesh Langa's Firm
Five accused in the fake goods and services tax (GST) billing scam in Gujarat were arrested by the Rajkot branch of the economic offences wing (EOW) today. The arrests happened after the police and EOW officials searched 14 locations simultaneously.
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Making Exaggerated Claims To Get Refunds Punishable Offence: Tax Department
The I-T Department has asked income tax return filers to not make bogus claims for expenses, under-report their earnings or exaggerate deductions as this is a punishable offence and causes a delay in issuance of refunds.
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Police Case Filed In Chhattisgarh Liquor Case, Bhupesh Baghel Responds
Former Chhattisgarh Chief Minister Bhupesh Baghel on Friday said the government directed the ACB to file an offence in a case that the ED and Income Tax sleuths had been probing over the last three years.
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US President's Son Hunter Biden Pleads Not Guilty In Tax Offences Case
U.S. President Joe Biden's son Hunter Biden pleaded not guilty to tax charges on Wednesday, after a federal judge in Delaware said she needed more time to review a proposed deal with federal prosecutors to avoid a felony gun charge.
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US President's Son Hunter Biden In Court To Plead Guilty To Tax Offences
U.S. President Joe Biden's son Hunter Biden arrived at a Delaware courthouse on Wednesday where he is expected to plead guilty to two misdemeanor charges of willfully failing to pay income taxes, part of a deal that allows him
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Rs 8,100 Crore GST Evasion Via 4,909 Fake Businesses Detected: Tax Official
Authorities have detected GST evasion to the tune of more than Rs 8,100 crore and it has been found that the offence was carried out through 4,909 bogus business establishments spread in parts of the country, a tax official from Madhya Pradesh said on Wednesday.
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GST Council Agrees To Decriminalise Certain Offences, No New Taxes Brought
The GST Council on Saturday agreed to decriminalise certain offences and doubled the threshold for launching prosecution to Rs 2 crore, Revenue Secretary Sanjay Malhotra said.
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Special Anti-Corruption Courts In Every District? Supreme Court To Hear Plea Next Week
Supreme Court is scheduled to hear on October 31 a plea seeking to establish special anti-corruption courts in every district to decide cases related to various economic offences like money laundering and tax evasion within one year.
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Government Working On Decriminalising Certain Offences Under GST
The government is working on decriminalisation of certain offences under GST by raising the threshold limit for launching prosecution and also lowering charges for compounding of offence, an official said on Wednesday.
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Income Tax Department Relaxes Norms For Compounding Of Offence
The income tax department on Saturday said it has relaxed various norms relating to compounding of offences under the I-T Act and allowed compounding in cases where the applicant has been sentenced to up to two years of imprisonment.
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Madhya Pradesh Looks For Evidence To File Case In Cash-For-Vote Row
The Madhya Pradesh Economic Offences Wing has registered a general preliminary enquiry to decide if there is enough evidence to register an FIR following a letter by state government's general administration department (GAD) in connection with the alleged cash in poll row during 2019 Lok Sabha elections which was reportedly unearthed by Income Tax ...
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Indian-Origin Shop Owner Banned In The UK Over Tax Offences
An Indian-origin convenience store owner in the UK has been handed a six-year ban from holding any company directorship over inaccurate tax returns submitted to the authorities. Pratik Kumar Patel accepted a disqualification undertaking, a process which does not involve court proceedings.
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Government To Amend Companies Act To Decriminalise Civil Offences
The government proposes to amend the Companies Act to decriminalise civil offences, Finance Minister Nirmala Sitharaman said today as she announced Budget 2020. "Tax harassment will not be tolerated," she asserted.
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CBDT Extends Deadline For Compounding I-T Offences To January 31
The decision to extend the last date was taken "in view of references received from field formations, including requests made by ICAI (Institute of Chartered Accountants of India) chapters wherein it has been brought to the notice of the CBDT that the taxpayers could not avail the benefit of one-time relaxation window due to genuine hardships," the...
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Working To Decriminalise Offences Under Companies Act: PM Modi
India is among the top 10 nations which have in last three years made the maximum improvement in ease of doing business ranking, PM Modi said.
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5 More Arrested In GST Scam Linked To The Hindu Journalist Mahesh Langa's Firm
Five accused in the fake goods and services tax (GST) billing scam in Gujarat were arrested by the Rajkot branch of the economic offences wing (EOW) today. The arrests happened after the police and EOW officials searched 14 locations simultaneously.
-
Making Exaggerated Claims To Get Refunds Punishable Offence: Tax Department
The I-T Department has asked income tax return filers to not make bogus claims for expenses, under-report their earnings or exaggerate deductions as this is a punishable offence and causes a delay in issuance of refunds.
-
Police Case Filed In Chhattisgarh Liquor Case, Bhupesh Baghel Responds
Former Chhattisgarh Chief Minister Bhupesh Baghel on Friday said the government directed the ACB to file an offence in a case that the ED and Income Tax sleuths had been probing over the last three years.
-
US President's Son Hunter Biden Pleads Not Guilty In Tax Offences Case
U.S. President Joe Biden's son Hunter Biden pleaded not guilty to tax charges on Wednesday, after a federal judge in Delaware said she needed more time to review a proposed deal with federal prosecutors to avoid a felony gun charge.
-
US President's Son Hunter Biden In Court To Plead Guilty To Tax Offences
U.S. President Joe Biden's son Hunter Biden arrived at a Delaware courthouse on Wednesday where he is expected to plead guilty to two misdemeanor charges of willfully failing to pay income taxes, part of a deal that allows him
-
Rs 8,100 Crore GST Evasion Via 4,909 Fake Businesses Detected: Tax Official
Authorities have detected GST evasion to the tune of more than Rs 8,100 crore and it has been found that the offence was carried out through 4,909 bogus business establishments spread in parts of the country, a tax official from Madhya Pradesh said on Wednesday.
-
GST Council Agrees To Decriminalise Certain Offences, No New Taxes Brought
The GST Council on Saturday agreed to decriminalise certain offences and doubled the threshold for launching prosecution to Rs 2 crore, Revenue Secretary Sanjay Malhotra said.
-
Special Anti-Corruption Courts In Every District? Supreme Court To Hear Plea Next Week
Supreme Court is scheduled to hear on October 31 a plea seeking to establish special anti-corruption courts in every district to decide cases related to various economic offences like money laundering and tax evasion within one year.
-
Government Working On Decriminalising Certain Offences Under GST
The government is working on decriminalisation of certain offences under GST by raising the threshold limit for launching prosecution and also lowering charges for compounding of offence, an official said on Wednesday.
-
Income Tax Department Relaxes Norms For Compounding Of Offence
The income tax department on Saturday said it has relaxed various norms relating to compounding of offences under the I-T Act and allowed compounding in cases where the applicant has been sentenced to up to two years of imprisonment.
-
Madhya Pradesh Looks For Evidence To File Case In Cash-For-Vote Row
The Madhya Pradesh Economic Offences Wing has registered a general preliminary enquiry to decide if there is enough evidence to register an FIR following a letter by state government's general administration department (GAD) in connection with the alleged cash in poll row during 2019 Lok Sabha elections which was reportedly unearthed by Income Tax ...
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Indian-Origin Shop Owner Banned In The UK Over Tax Offences
An Indian-origin convenience store owner in the UK has been handed a six-year ban from holding any company directorship over inaccurate tax returns submitted to the authorities. Pratik Kumar Patel accepted a disqualification undertaking, a process which does not involve court proceedings.
-
Government To Amend Companies Act To Decriminalise Civil Offences
The government proposes to amend the Companies Act to decriminalise civil offences, Finance Minister Nirmala Sitharaman said today as she announced Budget 2020. "Tax harassment will not be tolerated," she asserted.
-
CBDT Extends Deadline For Compounding I-T Offences To January 31
The decision to extend the last date was taken "in view of references received from field formations, including requests made by ICAI (Institute of Chartered Accountants of India) chapters wherein it has been brought to the notice of the CBDT that the taxpayers could not avail the benefit of one-time relaxation window due to genuine hardships," the...
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Working To Decriminalise Offences Under Companies Act: PM Modi
India is among the top 10 nations which have in last three years made the maximum improvement in ease of doing business ranking, PM Modi said.
