The DGGI has taken action against insurance companies, including HDFC Bank, Go Digit Insurance, and Policybazaar, for alleged issuance of fake invoices to claim input tax credit without providing services
दिल्ली के LG वी.के. सक्सेना ने दिल्ली सरकार के मुख्य सचिव से आवश्यक कारवाई करने को कहा है, जिसमें CM Arvind Kejriwal पर हरियाणा में बेची गई उनकी तीन संपत्ति का ‘‘कम मूल्य'' बताने के जरिये ‘‘कर चोरी'' करने का आरोप लगाया गया है। हालांकि दिल्ली सरकार की ओर से तत्काल कोई प्रतिक्रिया नहीं मिल पाई है। #delhicm #delhinews #arvindkejriwal #indiatv
Chinese mobile manufacturers issued tax evasion notice: Three Chinese smartphone manufacturers have been issued tax evasion notice by the government.
The I-T department also seized Rs 5 crore cash and jewellery of a similar value (Rs 5 crore) during the raids on the two groups
Cash amounting to ₹ 11.88 crore and jewellery worth ₹ 1.93 crore were also seized during the action against the groups based in and around Yadagirigutta, a suburb of Telangana's capital city, the Central Board of Direct Taxes (CBDT) said.
The Central Board of Direct Taxes (CBDT) has launched an automated dedicated e-portal on the e-filing website of the department to receive and process complaints of tax evasion, foreign undisclosed assets as well as grievances regarding benami properties.
In a massive crackdown on GST evaders, the government has initiated action against 7,000 entities including the arrest of 187 -- a campaign that contributed to buoyancy in tax collection.
The Income Tax Department has detected tax evasion of more than Rs 700 crore after it recently raided multiple locations of Chennai-based Chettinad Group, the CBDT and official sources said on Tuesday.
The GST investigation arm DGGI unearthed Rs 40 crore tax evasion by an unregistered pan masala/gutkha manufacturing unit in the national capital. The GST investigation arm DGGI unearthed Rs 40 crore tax evasion by an unregistered pan masala/gutkha manufacturing unit in the national capital.
Income Tax sleuths have unearthed Rs 300 crore suspected evasion during raids on premises linked to various Tamil film personalities including superstar Vijay, producer of blockbuster 'Bigil' and several hideouts of a financier of the film.
A GST evasion to the tune of Rs 1.5 crore by a Kanpur-based pan masala company, A J Sugandhi Pvt Ltd, was detected by officials during search operations.
According to the Union Budget for 2019-20, filing of returns has been made compulsory for those who deposit more than Rs 1 crore in a current account in a year, spend more than Rs 2 lakh on foreign travel or have an annual electricity bill of more than Rs 1 lakh. The official data reveals 6.86 crore income tax returns (ITRs) were filed in 2017-18 registering a growth of 23 per cent over the previous year.
The new guidelines will kick in from June 17, 2019, and apply to all cases for compounding received on or after this date.
The department has undertaken the action under section 222 of the I-T Act (assessee deemed in default of tax payment) and "prohibited and restrained" the Hurriyat Conference leader from transferring the asset.
This comes as the government on Friday launched three new reward schemes under which a person can get up to Rs 5 crore for information on tax evasion and 'benami' (proxy) transactions and properties.
The group will also "make recommendations for policy decision in respect of tax risks of the migrating HNIW population".
I-T raided 130 premises of the business houses in Chennai, Hyderabad, Thrissur and locations in Kerala, Karnataka, Andhra Pradesh, Telangana, Gujarat, Maharashtra, Delhi and West Bengal, sources said.
Suspected black money being converted into white, post demonetisation, through bitcoins was also under the I-T’s scanner, officials said.
Various teams of I-T sleuths today visited the premises of nine such exchanges in the country including in Delhi, Bengaluru, Hyderabad, Kochi and Gurugram, since early morning.
On Thursday, a team of around 1,800 IT officials knocked at the doors of 187 premises -- residences and offices and farmhouses -- to carry out one of the biggest income tax searches on Sasikala's kin and associates.
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