Black money: Upto Rs 15 lakh award for info against defaulters

Last Updated: Sunday, September 6, 2015, 14:49

The new guidelines have been issued by the CBDT keeping in mind the huge challenge of tackling black funds in the country and at the same time boosting the revenue kitty.

Blackmoney: Upto Rs 15 lakh award for info against defaulters

Last Updated: Sunday, September 6, 2015, 14:49

The new guidelines have been issued by the CBDT keeping in mind the huge challenge of tackling black funds in the country and at the same time boosting the revenue kitty.

Service Tax Dept to focus on 5 evasion prone sectors

Last Updated: Sunday, September 6, 2015, 11:04

"With a view to improve collection, the Service Tax department has prepared sector specific profile of five sectors which are prone to evasion," a senior official told PTI.

EU loses 168 billion euros in sales tax fraud, errors

Last Updated: Friday, September 4, 2015, 22:40

EU countries lost 168 billion euros (USD 187 billion) in sales-tax revenue in 2013 mostly due to fraud and errors, the European Commission said on Thursday.

Black money window: More disclosures likely towards Sept-end

Last Updated: Wednesday, August 26, 2015, 22:58

The government expects the number of disclosures about unaccounted overseas wealth under the black money window to go up in the last few weeks of the compliance period, which ends on September 30.

IT Dept suspects Rs 400-cr tax evasion on cap gains in Maharashtra

Last Updated: Wednesday, August 26, 2015, 22:50

The Income Tax department has detected about 200 cases of bogus "long term capital gains" in Nagpur, Aurangabad and Nashik divisions of Maharashtra where tax of around Rs 400 crore was evaded.

SEBI steps up black money fight; busts gains through 'losses'

Last Updated: Sunday, August 23, 2015, 18:33

As it steps up its crackdown on tax evasion and laundering of black money through stock markets, regulator SEBI has busted an 'innovative' scheme wherein HNIs were incurring 'bogus losses' to offset tax liabilities.

Govt to issue 2nd set of FAQs on black money law soon: Das

Last Updated: Friday, August 21, 2015, 18:56

In a bid to clarify issues related to the black money law the government will soon come out with second set of Frequently Asked Questions (FAQs).

Revenue Dept probing entities over penny stock misuse: Das

Last Updated: Friday, August 21, 2015, 15:40

A day after Sebi clampdown on 59 entities misusing stock market for evading taxes, the government today said the investigation wing of the Revenue Department is probing companies which use the penny stock route for tax evasion.

Fight against black money: SEBI bars 59 entities

Last Updated: Thursday, August 20, 2015, 21:33

In a fresh clampdown on entities misusing stock markets for evading taxes, regulator SEBI Thursday barred 59 entities, including HNIs, from securities markets and also referred the case to the Income Tax Department for further investigations.

Govt approves pact with Seychelles to curb black money

Last Updated: Thursday, August 20, 2015, 14:12

To check black money generation, the government on Thursday approved signing and ratification of the agreement between India and Seychelles for exchange of information with respect to taxes.

SEBI busts fresh Rs 15.4 crore tax evasion case

Last Updated: Tuesday, August 11, 2015, 22:52

In a fresh crackdown on alleged tax evasion through stock markets, regulator SEBI Tuesday banned a high networth individual B P Jhunjhunwala for fraudulently inflating the share price of a dormant company with a "facade" of investment worth around Rs 15.4 crore.