tax evasion

A former Apple employee named Dhirendra Prasad has admitted that he committed fraud that led to a loss of more than $17 million (over Rs 140 crores) for the company. His tenure at Apple He worked as a buyer for Apple's Global…

Sneaky 'Dhannaseths' like these cleverly disguise themselves in order to draw attention away from their fortunes. In Kanpur, Uttar Pradesh, the income tax department has made some bizarre discoveries. Roadside Vendors Secretly…

Integration of E-Way bills with FASTag and RFID will ease chances for catching hold of GST evaders. Vehicles carrying transport goods will now have a harder time eloping GST payments. The Government of India has integrated the e-way…

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…

You will be charged higher income tax, as a penalty of either not adding unexplained cash/valuable(s) in your tax filings or if you are unable to explain the source and reason of such an entry to the IT officers. We have covered a…

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…

GST Rates Will Not Increase, No Late Fees For Filing GST; 28% GST For All Lotteries, Across India Approved We’d informed you some time back that the Central GST collection has fallen short of the budged estimate by nearly 40%, during…

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…

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…

GST Evaders will be arrested You need to be scared now if you are a tax evader, as Supreme Court brings in news which is proving out to be a great relief for the Government. The Supreme Court has dismissed a plea against relief provided…