Income Tax evasion

A total of 215 tax evaders arrested by GST Intelligence authorities, recovering over Rs 700 crore in 2 months. A total of 215 people have been arrested under the accounts of tax evasion, by the Directorate General of GST Intelligence…

Income Tax Dept Cracks Whip Against Flipkart, Swiggy Over GST Dues; Starts Surveys, Investigation In the wake of a nationwide drive against firms eluding GST Income Tax, the Income Tax department is conducting surveys to inspect tax…

Income Tax Return Deadline Extended; Rs 10,000 Fine For Not Filing ITR The deadline for filing the income tax return has been extended yet again, this time by 10 days to January 10, 2021. Also, the deadline for filing tax returns by…

Tax Evaders Will Not Be Sent To Jail Now; Startups Would Be Able To Directly List In Foreign Countries In an effort to ‘catapult’ the country to an economy of $5 trillion, the Government of India, under the guidance of Finance Minister…

Fake rent receipts will not work now Its funny how Indians are mastered in finding out a loophole in every record. It turns out that many tax payers submit fake rent receipts, inspite of owning a house in the same city. This is done in…

Income Tax Nabs Tax Evader With Satellite Images There are two types of people in the world: those who pay taxes on time and then there those who, without a care, don't bother about taxes and find convenient ways to evade them. However,…