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Tax Evasion News

Finance Ministry Introduces Changes In E-Way Bill System
To check GST evasion, the finance ministry has rolled out changes in the e-way bill system deemed as an anti-evasion measure. During the April-December period last year, as many as 3,626 cases of GST violation or evasion have been detected that ...
Finance Ministry Introduces Changes In E Way Bill System
IT Dept To Check Tax Evasion Through Project Insight This FY
The Income tax department in the FY20 will go on a full swing to clamp down tax evaders through its Project Insight initiative. For it, the department's IT infrastructure that incorporates big data and data analytics for thoroughly profiling assessees has ...
It Dept To Clamp Down Tax Evasion Through Project Insight Th
IT Dept Warns Against Under-Reporting of Income by Salaried Individuals
In an advisory uploaded on the Income Tax (IT) e-filing website on Wednesday, the IT department has warned salaried taxpayers that under-reporting their income or inflating their exemptions/deductions while filing income tax returns is a punishable offence under the Income Tax ...
It Dept Warns Against Under Reporting Income Salaried Indivi
Deadline To File GSTR-1 Extended To January 10
Businesses with a turnover of upto Rs. 1.5 crore which were earlier required to file the comprehensive GSTR-1 for July-September period by December 31st are now provided an extra time till January 10,, 2018. Other businesses can file the return ...
I-T Department Reports Undisclosed Income Of Rs 7,961 cr
On November 8, 2016, Narendra Modi government scrapped high currency notes of Rs. 500 and Rs. 1000 to crackdown illicit money, practise of tax evasion and corruption from the system. Post the demonetisation move, the Income tax department today reported undisclosed ...
I T Department Reports Undisclosed Income Rs 7 961 Cr
Increased E-filing To Unchange Volume of Scrutiny By Tax Dept
Even though number of individuals filing tax returns has increased enormously, the tax department is not willing to increase the count of return for scrutiny which currently stands at 1% of the total tax returns filed. In a general practice, ...
Increased E Filing Unchange Volume Scrutiny Tax Dept
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