Tax Evaders

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…

Government introduces the new Rule 86B in GST Rules, as per which businesses will no longer be allowed to make use of input tax credit for discharging GST liability to 99%. In order to curb tax evasion by faking invoices, the Central…

Budweiser Beer banned in Delhi for 3 years In a news that will directly affect your lives, especially if you’re in Delhi, is that the national capital city has banned the world’s largest brewery Anheuser-Busch InBev, from selling its…

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…

Not Filing Income Tax Returns? You Will Be Jailed The deadline to issue Form 16 to file an Income Tax Return (ITR) has been extended to 31 July, while the initial deadline was 10 July. Unfortunately, if you plan on filing the ITR by the…

Tax Evaders To Face Prosecution The Income Tax Department is now determined to not let go tax evaders go easily. The rules have all changed and the IT Department is going to crack down on any tax offenders. The new rules set by the…

Larsen & Toubro Infotech has bagged the official contract to create the technology and platform to nab tax evaders, using social media.