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Jharkhand: IT Department Discovers Multi-Crore Tax Evasion
The Income Tax Department discovered a multi-crore rupee tax evasion after raiding a Jharkhand-based group involved in the business and sale of sponge iron and iron ingots and bars, according to the CBDT on Monday. The Group was manufacturing and selling ...
Jharkhand It Department Discovers Multi Crore Tax Evasion

Wilful Tax Evasion To Result In Jail For Up To 7 Years
Tax evasion, underreporting of income or even skipping from payment of penalty or interest chargeable is an offer as per the Income tax Act and this may land the person involved in jail depending on the amount of tax evaded or ...
Wilful Tax Evasion To Result In Jail For Up To 7 Years
Income Tax Liability Limit To Get Prosecuted Increased
In the Budget 2019 speech, Finance Minister Nirmala Sitharaman said that the government has proposed certain measures to simplify the tax law to reduce hardships for small taxpayers. One such measure was to increase the threshold limit for tax that could ...
HPCL, IOC Stocks Fall On Tax Evasion Reports
Hindustan Petroleum Corporation (HPCL) shares cracked by over 2% after reports of excise duty evasion by the oil major made the rounds. The stock in intra-day session hit a low of Rs. 317.10, down 2.2% over the previous close of Rs. ...
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