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Total 255 results found. Search for [ Tax evaders ]

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BusinessToday.In
New Delhi, April 15, 2021
Technology, especially its tools such as data analytics and artificial intelligence, is ending the heydays of exploiting information gaps to hide income from the taxman. Tax authorities are detecting mismatches in tax returns using tonnes of information about large transactions from banks, mutual funds, companies issuing shares, stamp and registration departments of states and sounding alerts about possible tax evasion, with different wings of the revenue department, direct tax, indirect tax and customs sharing data. However, the nationwide drive to find evaders has also given a free hand to corrupt officials to exploit the system with arbitrary notices and demands. Small and large businesses are at the receiving end of the taxman's hounding, threats and at times even violence. Watch the video for more.Also Read: Indirect tax collection rises 12.3% to Rs 10.7 lakh cr in FY21


Rajeev Dubey
New Delhi, March 31, 2021
If India's tax- to-GDP ratio of 17.7 per cent has to get anywhere near developed countries' 25-35-36 per cent, those who should pay taxes must be brought under the tax net. But that's easier said than done


Dipak Mondal
New Delhi, March 31, 2021
As tech helps tax authorities check evasion and fraud, taxpayers complain of harassment and misuse of powers


Dipak Mondal
March 15, 2021
The SMS and email alerts sent by the tax department to such taxpayers ask them to verify the transactions under e-campaign tab of the compliance portal, which has been created under the income tax department's Project Insight initiative


Dipak Mondal
January 31, 2021
Of the total GST collection, CGST is Rs 21,923 crore, SGST is Rs 29,014 crore, IGST is Rs 60,288 crore (including Rs 27,424 crore collected on import of goods) and Cess is Rs 8,622 crore


PTI
January 10, 2021
Currency in Circulation grew by Rs 3,23,003 crore, or 13.2 per cent, to Rs 27,70,315 crore as on January 1, 2021, from Rs 24,47,312 crore as on March 31, 2020, according to recent data released by the Reserve Bank of India (RBI)


Dipak Mondal
January 10, 2021
Out of the 215 arrests so far, there are 71 masterminds, 81 proprietors, 36 director/managing directors, 15 partners, 3 CEOs, 6 chartered accountants and one each of company secretary, broker, and GST practitioner


BusinessToday.In
January 4, 2021
With this, the central government has released a total of Rs 60,000 crore so far to all States and UTs, which amounts to more than 50 per cent of their estimated GST compensation shortfall


BusinessToday.In
January 4, 2021
According to Finance Secretary Ajay Pandey, the officials were able to arrest tax evaders because of the data taken from agencies like Income Tax Department, Customs unit, FIU and GST department, and banks


Dipak Mondal
January 1, 2021
GST collections in December 2020 showed an unexpected year-on-year growth of 11.6 per cent to Rs 1.15 lakh crore, the highest monthly GST collection so far


BusinessToday.In
December 25, 2020
The three accused -- Avva Venkata Rama Rao, Avva Venkata S Narayana Rao and Avva Hema Sundara Vara Prasad -- have been arrested under various sections of the Prevention of Money Laundering Act (PMLA)


Dipak Mondal
December 24, 2020
Sources in the revenue department say that the Income Tax Department has identified a noticeable number of persons who have deliberately chosen to ignore the notices calling for enquiry and verification of the tax returns


BusinessToday.In
November 16, 2020
DGGI will continue to raid entities involved in the fake invoices rackets; govt is planning to use AI and Aadhaar registration to prepare a list of dubious entities to check GST evasion


BusinessToday.In
November 8, 2020
GSTN augmented the capacity of the gateway from 1.5 lakh to 3 lakh concurrent logged-in taxpayers in June 2020 as a proactive measure to handle the expected sharp surge in indirect tax-related activities on the portal after easing of lockdown


Dipak Mondal
October 30, 2020
Out of 1.27 lakh crore refunds, Rs 34,532 crore were issued as refunds to Individual taxpayers in about 37.22 lakh cases while Rs 92,376 crore were issued as refunds to 1,92,409 in corporate tax cases


PTI
October 29, 2020
The syndicate was being operated by floating seven different fake firms with the intent of passing of inadmissible credit to the tune of Rs 137 crore


Dipak Mondal
October 29, 2020
The Gujarat High Court's order has caused some concern among taxpayers, who have reasons to believe that the order would add to harassment of taxpayers at ground level


BusinessToday.In
October 15, 2020
E-way bill generation facility will be blocked for taxpayers who haven't filed GSTR-3B for two or more tax period from October 15, 2020, says CBIC


Prasanna Mohanty
September 14, 2020
Not only India's relief packages are grossly inadequate it is not even spending enough to revive demand in the crisis-hit economy; what is needed is clear: more fiscal spending, not \"keeping the power dry\" for future stimulus or unrealistic claim of a V-shaped recovery


BusinessToday.In
September 5, 2020
Finance secretary Ajay Bhushan Pandey said, \"The move to a faceless system will lead to reduced compliance burden, lower cost of compliance and reduced litigation\"


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