[

tax authority

]
Investigators uncovered that between November 2011 and February 2015, the businessman knowingly caused the company to submit false tax returns.(Representational image)

Punjab-origin businessman banned for false UK tax returns

Hindustan Times, Chandigarh | By Prasun Sonwalkar
UPDATED ON AUG 07, 2020 12:30 AM IST
Hardip Singh Khaira, 43, was director of HK Construction incorporated in 2011 to provide groundwork construction services, including drainage and concreting. The company traded from its premises in Coatbridge, north Lanarkshire, until July 2019
Principal Economic Adviser to the Ministry of Finance, Sanjeev Sanyal, and Chief Economic Advisor, Krishnamurthy Subramanian, releasing Economic Survey 2019-20 during the press conference, in New Delhi(ANI)
Principal Economic Adviser to the Ministry of Finance, Sanjeev Sanyal, and Chief Economic Advisor, Krishnamurthy Subramanian, releasing Economic Survey 2019-20 during the press conference, in New Delhi(ANI)

How to read the economic survey

Hindustan Times | By HT Correspondent
UPDATED ON JAN 31, 2020 08:25 PM IST
It seems to suggest that the worst is over. Is it?
Tax system design is full of difficult trade-offs, but there are powerful rules of thumb that can guide policymakers. Simplicity and stability are crucial — a complicated tax system is likely to be expensive, inefficient, and inequitable, while frequent policy changes make it difficult for taxpayers to plan(PTI)
Tax system design is full of difficult trade-offs, but there are powerful rules of thumb that can guide policymakers. Simplicity and stability are crucial — a complicated tax system is likely to be expensive, inefficient, and inequitable, while frequent policy changes make it difficult for taxpayers to plan(PTI)

The quest for a simpler and more efficient GST

By Sarthak Agrawal and Ross Warwick
UPDATED ON DEC 02, 2019 06:58 AM IST
The tax regime is positive. But a set of reforms, based on comparative experiences of other countries, will help
Lionel Messi(REUTERS)
Lionel Messi(REUTERS)

Lionel Messi says tax problems made him want to leave Barcelona

Madrid | By Agence France-Presse
UPDATED ON OCT 09, 2019 05:16 PM IST
Messi and his father Jorge were found guilty of defrauding Spain of 4.1 million euros in taxes between 2007 and 2009, for which they paid close to 10 million euros and Messi was handed a 21-month suspended prison sentence
US internet giant Google has agreed a settlement totalling 945 million euros (USD 1.0 billion) to settle a tax dispute in France under an agreement announced in court on Thursday.(REUTERS)
US internet giant Google has agreed a settlement totalling 945 million euros (USD 1.0 billion) to settle a tax dispute in France under an agreement announced in court on Thursday.(REUTERS)

Google agrees 945 million euros tax settlement with France

Paris | By Press Trust of India
PUBLISHED ON SEP 12, 2019 09:02 PM IST
The company will pay a 500-million-euro fine for tax evasion, as well as a further 465 million euros to settle claims with French tax authorities.
The experience so far has not been encouraging on the fiscal front. The budget numbers speak for themselves.(HT Photo)
The experience so far has not been encouraging on the fiscal front. The budget numbers speak for themselves.(HT Photo)

2 years on, a look at the hits and hurdles of Goods and Services Tax

Hindustan Times, New Delhi | By Roshan Kishore and Rajeev Jayaswal
UPDATED ON JUL 01, 2019 08:23 AM IST
Implementing a radical and universal reform in an economy as large as India is bound to witness teething troubles and GST did. Two years after it was implemented, the question is whether GST is moving towards its promise of improving tax collections and removing bottlenecks to trade.
Mehta said the Telangana HC’s order that individuals cannot be granted protection from arrest in such cases was upheld by the top court, which on May 27 dismissed an appeal against the same.(HT Photo)
Mehta said the Telangana HC’s order that individuals cannot be granted protection from arrest in such cases was upheld by the top court, which on May 27 dismissed an appeal against the same.(HT Photo)

Supreme Court to examine arrest power of authorities

Hindustan Times, New Delhi | By HT Correspondent
UPDATED ON MAY 30, 2019 12:14 AM IST
In its appeal, the Centre also attacked the emerging trend of persons accused in economic offences challenging the constitutional validity of the statutory provisions under which they are charged.
The bench said that different high courts had taken different views in granting anticipatory bail to individuals accused of GST evasion and therefore, it needs to decide the question of law on the power of arrest.(Amal KS/HT PHOTO)
The bench said that different high courts had taken different views in granting anticipatory bail to individuals accused of GST evasion and therefore, it needs to decide the question of law on the power of arrest.(Amal KS/HT PHOTO)

Supreme Court agrees to examine power of tax authorities to arrest individuals for GST evasion

New Delhi | By Press Trust of India
UPDATED ON MAY 29, 2019 12:34 PM IST
A vacation bench comprising Chief Justice Ranjan Gogoi and Justice Aniruddha Bose issued notice to the Centre and sought its reply on a batch of pleas challenging the provision of arrest under the CGST Act.
If you are a salaried individual, you will have to provide more details in the ITR form for the assessment year 2019-20.
If you are a salaried individual, you will have to provide more details in the ITR form for the assessment year 2019-20.

New ITR form wants more information

Mumbai | By HT Correspondent
UPDATED ON APR 15, 2019 10:34 AM IST
Every year, the tax department makes changes in the ITR form. This year is no different. This time the number of details on your income and investment asked by the tax authorities has increased considerably.
The Congress has been raising the Rafale fighter jet deal on a regular basis in its electoral campaign against the BJP.(REUTERS)
The Congress has been raising the Rafale fighter jet deal on a regular basis in its electoral campaign against the BJP.(REUTERS)

No link between tax exemption and Rafale deal: Govt on report

Press Trust of India | By Press Trust of India
PUBLISHED ON APR 13, 2019 07:39 PM IST
A statement by the ministry of defence said that “neither the period of the tax concession nor the subject matter of concession relate even remotely to the Rafale procurement being concluded during the tenure of the present government”.
The Punjab National bank said these fraudulent transactions had taken place over a number of years and amounted to Rs 11,400 crore.(REUTERS)
The Punjab National bank said these fraudulent transactions had taken place over a number of years and amounted to Rs 11,400 crore.(REUTERS)

Indian banks may take more than Rs 20k-crore hit from PNB fraud: Tax department

NEW DELHI | By Reuters
UPDATED ON DEC 28, 2018 03:29 PM IST
Among the findings of the tax department was that several firms in which Modi and his uncle were involved had people of limited means listed as majority partners. Those people were not identified in the tax department note.
A case under Section 420 (cheating) of the IPC and sections of the Information Technology Act was registered with Navghar police and several computers were seized.(Getty Images/iStockphoto)
A case under Section 420 (cheating) of the IPC and sections of the Information Technology Act was registered with Navghar police and several computers were seized.(Getty Images/iStockphoto)

Thane gang dupes foreign nationals, asks them to pay ‘loan tax’ through bitcoins

Press Trust of India, Thane | By Press Trust of India
PUBLISHED ON AUG 25, 2018 10:19 PM IST
Police busted a gang which allegedly duped people living in the US and other countries by telling them that they need to pay tax dues, an official said.
The latest recommendations come after the earlier suggested limits of Rs 15 lakh and Rs 20 lakh were found to be too low.(Dhiraj Singh/Bloomberg)
The latest recommendations come after the earlier suggested limits of Rs 15 lakh and Rs 20 lakh were found to be too low.(Dhiraj Singh/Bloomberg)

SIT on black money suggests Rs 1 crore cap on cash holdings

Press Trust of India, New Delhi | By Press Trust of India
PUBLISHED ON JUL 19, 2018 06:56 PM IST
The SIT on black money has recommended that the entire amount found in seizures crossing that limit should go to the government treasury, Justice (retired) MB Shah, who heads the SIT said.
Cristiano Ronaldo is currently in Russia for the FIFA World Cup 2018.(REUTERS)
Cristiano Ronaldo is currently in Russia for the FIFA World Cup 2018.(REUTERS)

Cristiano Ronaldo accepts 2 years in prison in tax case but unlikely to serve time

Reuters, Madrid | By Reuters
UPDATED ON JUN 15, 2018 07:15 PM IST
Cristiano Ronaldo is unlikely to serve any time in jail under the deal because Spanish law states that a sentence of under two years for a first offence can be served on probation.
(Representative photo)
(Representative photo)

Indians among key UK visa victims seeking change under Sajid Javid

London, Hindustan Times | By Prasun Sonwalkar
UPDATED ON MAY 03, 2018 12:10 AM IST
On Wednesday, hundreds of Indian professionals – such as IT experts, teachers and solicitors – joined the third such public protest outside Parliament since January against what they called “inhumane” policies preventing their stay in the UK.
Karti Chidambaram, son of former union minister P Chidambaram escorted by police personnel to the Patiala House court in New Delhi.(PTI File Photo)
Karti Chidambaram, son of former union minister P Chidambaram escorted by police personnel to the Patiala House court in New Delhi.(PTI File Photo)

I-T issues fresh black money notice, Karti Chidambaram challenges

Press Trust of India, New Delhi | By Press Trust of India
UPDATED ON APR 12, 2018 10:53 PM IST
The Income Tax department has issued fresh summons to Karti Chidambaram, son of former finance minister P Chidambaram, under criminal sections of the Black Money Act
SHARE
Story Saved