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The tax department is also questioning some employees of Swiggy for suspected tax evasion by one of its vendors.(REUTERS)

Flipkart, Swiggy face tax survey

Hindustan Times, Bengaluru/New Delhi | By Tarush Bhalla and Gireesh Chandra Prasad
UPDATED ON JAN 08, 2021 12:00 AM IST
The tax department is also questioning some employees of Swiggy for suspected tax evasion by one of its vendors.
File photo: Image for representation.(REUTERS)
File photo: Image for representation.(REUTERS)

GST authority in Delhi nabs one for Rs 831 crore tax evasion

Hindustan Times, New Delhi | By HT Correspondent
UPDATED ON JAN 04, 2021 05:39 AM IST
Based on the evidence gathered, stocks seized and confessional statements recorded the total duty evasion as estimated to be approximately Rs 831.72 crore, it said.
Image for representation.(Getty Images/iStockphoto)
Image for representation.(Getty Images/iStockphoto)

I-T officials raid Chennai business group, find tax evasion worth Rs 700 crore

Hindustan Times, Chennai | By Divya Chandrababu
UPDATED ON DEC 15, 2020 11:44 PM IST
The raids covered 60 premises in Chennai, Trichy, Coimbatore and states including Andhra Pradesh, Karnataka and Maharashtra.
It is not immediately known exactly how many of these are accounts linked to Indians. (HT Photo)
It is not immediately known exactly how many of these are accounts linked to Indians. (HT Photo)

India gets second set of data on Swiss bank account holders: Official

Hindustan Times, New Delhi | By HT Correspondent
UPDATED ON OCT 09, 2020 09:40 PM IST
The data will be examined by agencies dealing with black money investigations to see if there are any irregularities in these bank accounts belonging to Indians, said officials.
Representational image(REUTERS)
Representational image(REUTERS)

German football federation raided on suspicion of tax evasion

Berlin | By Associated Press
PUBLISHED ON OCT 07, 2020 02:34 PM IST
The Frankfurt public prosecutor said about 200 officers were involved in the raids in the German states of Bavaria, North Rhine-Westphalia, Hesse, Lower Saxony and Rhineland-Palatinate.
The tax exemption limit could be increased from the existing Rs 5 lakh for small businesses.
The tax exemption limit could be increased from the existing Rs 5 lakh for small businesses.

TDS relief expected for MSMEs transacting through e-commerce platforms

Hindustan Times, New Delhi | By Rajeev Jayaswal
PUBLISHED ON SEP 21, 2020 12:52 AM IST
Finance minister Nirmala Sitharaman, in her budget speech on February 1, 2020 introduced a TDS mechanism for e-commerce transactions.
The total amount payable by them under Rule 6 of the CENVAT Credit Rules, 2004 is estimated to be Rs five crore.(HT Photo)
The total amount payable by them under Rule 6 of the CENVAT Credit Rules, 2004 is estimated to be Rs five crore.(HT Photo)

DGCI detects evasion of GST by 2 liquor manufacturers in Maharashtra

Nagpur | By Press Trust of India| Posted by Susmita Pakrasi
PUBLISHED ON AUG 01, 2020 01:58 PM IST
The DGGI Nagpur zonal unit, in a statement issued on Friday, said that tax evasion came to light following searches conducted on July 28 and 29 at the two liquor manufacturing units.
Tax evasion and related crimes may increase as individuals and companies facing economic difficulties look to reduce their fiscal burdens, the report adds. (Getty images)
Tax evasion and related crimes may increase as individuals and companies facing economic difficulties look to reduce their fiscal burdens, the report adds. (Getty images)

Economic stimulus by governments may be exploited by terrorists, says FATF

Hindustan Times, New Delhi | By Neeraj Chauhan | Edited by Ashutosh Tripathi
UPDATED ON MAY 12, 2020 02:21 PM IST
It warns that terrorists and criminals will use this economic downturn to move to new cash-incentive and high-liquidity lines of business in developing countries – both for laundering of proceeds as well as fund their terror operations.
Vijay in a still from Bigil.
Vijay in a still from Bigil.

Actor Vijay being questioned for tax evasion, Bigil producers raided

Hindustan Times | By HT Correspondent
UPDATED ON FEB 05, 2020 05:50 PM IST
Actor Vijay is being questioned in connection to a tax evasion case, and the offices of AGS Cinemas, which produced his last release, Bigil, are being raided.
The Bharat Hotels Group is led by Jyotsna Suri.
The Bharat Hotels Group is led by Jyotsna Suri.

IT dept detects undisclosed foreign assets of Bharat Hotels

Hindustan Times, New Delhi | By Neeraj Chauhan
UPDATED ON JAN 24, 2020 11:29 PM IST
It has also found domestic tax evasion worth Rs 35 crore by the hospitality group which may lead to consequences under the Black Money Act, 2015 and the Income-tax Act, 1961, the officials added.
Prima facie fraudulent input tax credit of about Rs 140 crore has been misappropriated by using invoices involving an amount of Rs 1,040 crore, it said.
Prima facie fraudulent input tax credit of about Rs 140 crore has been misappropriated by using invoices involving an amount of Rs 1,040 crore, it said.

Group busted for supplying fake GST invoices worth Rs 1,000 crore: Finance Ministry

Hindustan Timesm New Delhi | By Rajeev Jayaswal
UPDATED ON NOV 26, 2019 09:29 PM IST
The group busted for supplying the fake GST invoices was operating from a location in Tilak Nagar in the national capital.
In the searches, incriminating documents were seized that show large-scale tax evasion and money laundering. Some documents have also led to the detection of the use of bogus companies. (Image used for representation).(HT PHOTO.)
In the searches, incriminating documents were seized that show large-scale tax evasion and money laundering. Some documents have also led to the detection of the use of bogus companies. (Image used for representation).(HT PHOTO.)

I-T searches on civil contractors in Mumbai reveal Rs 735 crore irregularities

Hindustan Times, Mumbai | By HT Correspondent
UPDATED ON NOV 15, 2019 05:37 AM IST
The I-T department has come across irregularities involving Rs 735 crore. Among the contractors, two were blacklisted by the BMC in 2017 after a probe into the Rs 350-crore road scam found them to blame for shoddy and substandard work.
The Enforcement Directorate registered a case against self-styled godman Kalki Bhagwan and his son NKV Krishna, after teh Income department seized Rs 20 crore in US dollars and documents relating to purchase of assets abroad through hawala transactions.(Sourced photo)
The Enforcement Directorate registered a case against self-styled godman Kalki Bhagwan and his son NKV Krishna, after teh Income department seized Rs 20 crore in US dollars and documents relating to purchase of assets abroad through hawala transactions.(Sourced photo)

After marathon Income Tax raid, godman Kalki Bhagwan faces ED heat

Hindustan Times, Chennai | By MC Rajan
PUBLISHED ON OCT 24, 2019 09:17 PM IST
The ED’s move came after the Income Tax department raids spread over five days last week on the ashram and other establishments detected tax evasion and financial embezzlement of Rs 800 crores.
Ashok recently made headlines when he disagreed with the EC decisions during this summer’s Lok Sabha polls to clear some charges of violations of the Model Code of Conduct, which regulates candidate, party and government behaviour during the elections.(Photo: PTI)
Ashok recently made headlines when he disagreed with the EC decisions during this summer’s Lok Sabha polls to clear some charges of violations of the Model Code of Conduct, which regulates candidate, party and government behaviour during the elections.(Photo: PTI)

I-T notices to election commissioner Ashok Lavasa’s wife over ‘tax evasion’

Hindustan Times, New Delhi | By HT Correspondent
UPDATED ON SEP 24, 2019 06:18 AM IST
The notices seek explanations from Novel Singhal Lavasa about her income-related details when she was the director of about a dozen private companies between 2015 and 2017, the officials said. An I-T department official confirmed that the notices had been sent, but declined to elaborate on their contents.
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.
An undisclosed income of Rs 700 crore was detected in a search and seizure operation in Tamil Nadu.(Bloomberg photo)
An undisclosed income of Rs 700 crore was detected in a search and seizure operation in Tamil Nadu.(Bloomberg photo)

Rs 700 crore undisclosed income found during raids in Tamil Nadu

New Delhi | By Press Trust of India
UPDATED ON AUG 11, 2019 12:59 PM IST
The search conducted by the Income Tax Department was launched early on Tuesday at 55 premises in various places of the state, including Chennai, Coimbatore, Thanjavur, and also in Kerala, Andhra Pradesh and Goa.
Pune: Cash recovered by Income Tax department from a bank locker in Pune on Wednesday. PTI Photo (PTI12_14_2016_000282B)(PTI file photo for representation)
Pune: Cash recovered by Income Tax department from a bank locker in Pune on Wednesday. PTI Photo (PTI12_14_2016_000282B)(PTI file photo for representation)

Raids across 13 premises detect black money from ‘group with political links’

New Delhi | By HT Correspondent
UPDATED ON JUL 29, 2019 08:21 AM IST
Income Tax department (I-T) officials said on Sunday they had found undisclosed foreign assets of more than Rs 200 crore and tax evasion of at least Rs 30 crore by a group involving persons “occupying responsible political positions”place.
Located near Seema Talkies in Aligarh, Mukesh Kumar’s outlet selling kachoris sees brisk sale throughout the day.(Representative Image)
Located near Seema Talkies in Aligarh, Mukesh Kumar’s outlet selling kachoris sees brisk sale throughout the day.(Representative Image)

Aligarh’s ‘kachori’ seller, with Rs 70 lakh annual turnover, under lens for tax evasion

Hindustan Times, Agra | By Hemendra Chaturvedi, Agra
UPDATED ON JUN 25, 2019 09:04 AM IST
During a search conducted by the officials of special investigating branch of commercial tax department (Aligarh range), it was found that Mukesh was a ‘crorepati’ but did not have GST (goods and services tax) registration.
Unlike last year, from this year all individuals (apart from super senior citizens—individuals above the age of 80 years) need to compulsorily file their ITRS electronically.(HT File Photo/Representative image)
Unlike last year, from this year all individuals (apart from super senior citizens—individuals above the age of 80 years) need to compulsorily file their ITRS electronically.(HT File Photo/Representative image)

ITR form tweaks you must know

Hindustan Times, Mumbai | By Bindisha Sarang
UPDATED ON JUN 18, 2019 10:37 AM IST
Here are a few changes you need to know in the two most popular forms, ITR 1 and ITR 2:
The federal indirect tax body, is set to take several steps to curb tax evasion in its first meeting to be chaired by new finance minister Nirmala Sitharaman on June 21.(PTI PHOTO)
The federal indirect tax body, is set to take several steps to curb tax evasion in its first meeting to be chaired by new finance minister Nirmala Sitharaman on June 21.(PTI PHOTO)

GST Council may tighten rules to curb tax evasion

Hindustan Times, New Delhi | By Gireesh Chandra Prasad
UPDATED ON JUN 17, 2019 08:11 AM IST
The proposals before the council include compulsory generation of e-invoicing by large companies, validation of e-way bills (electronic permits issued for the movement of goods) with the data generated at toll plazas and geo-tagging of companies, said a person familiar with the discussions in the council.
Cash recovered by Income Tax department.(PTI)
Cash recovered by Income Tax department.(PTI)

I-T dept moves to act against Ratul Puri’s firm in tax case

Hindustan Times, New Delhi | By Rajeev Jayaswal
UPDATED ON MAY 29, 2019 07:38 AM IST
“The assessment order will be issued and prosecution [case] will be filed in two-three months,” one of the officials said on condition of anonymity.
The world was introduced to Gangnam by the 2012 K-pop hit “Gangnam Style,” a parody of the South Korean highlife with a viral tune and amusing dancing that became the first video to reach a billion views on YouTube.(Reuters FILE)
The world was introduced to Gangnam by the 2012 K-pop hit “Gangnam Style,” a parody of the South Korean highlife with a viral tune and amusing dancing that became the first video to reach a billion views on YouTube.(Reuters FILE)

‘Gangnam style’ sex crime: K-pop scandals uncover dark side of Seoul’s flashiest district

Seoul | By Reuters
UPDATED ON APR 15, 2019 06:22 PM IST
A few months ago, the nightclub would have been packed with hundreds of gyrating men and women, and full tables, many costing 650,000 won ($570) or more for a night of drinking and dancing.
People stand in queue to file their IT returns on last day of financial year outside Income Tax office at BKC, Bandra in Mumbai, India.(Hindustan Times file photo)
People stand in queue to file their IT returns on last day of financial year outside Income Tax office at BKC, Bandra in Mumbai, India.(Hindustan Times file photo)

Taxpayers will have to disclose more details in new income tax return forms

Hindustan Times, New Delhi | By Gireesh Chandra Prasad
UPDATED ON APR 06, 2019 09:22 AM IST
The new forms also require individuals to disclose more details about their residential status, such as the number of days spent in India and abroad, rather than giving a self-declaration on residential status.
IT officials said the raids on the residences of retired IAS officer Neta Ram, a close aide of Mayawati, were unleashed for suspected tax evasion running into several crores of rupees.(AFP)
IT officials said the raids on the residences of retired IAS officer Neta Ram, a close aide of Mayawati, were unleashed for suspected tax evasion running into several crores of rupees.(AFP)

Mayawati aide raided by income tax wing for suspected tax evasion

Lucknow | By Indo Asian News Service
UPDATED ON MAR 12, 2019 02:50 PM IST
IT officials said the raids on the residences of retired IAS officer Neta Ram, a close aide of Mayawati, were unleashed for suspected tax evasion running into several crores of rupees.
The programme —which would be one of the world’s biggest schemes for poor households, supporting around 300 million people—has yet to be finalised.(Getty Images/iStockphoto)
The programme —which would be one of the world’s biggest schemes for poor households, supporting around 300 million people—has yet to be finalised.(Getty Images/iStockphoto)

Businesses fear Congress’ minimum income guarantee plan, see higher taxes

New Delhi | By Reuters
UPDATED ON JAN 31, 2019 02:02 PM IST
Congress says much of the cost of the guaranteed income scheme could come from savings made by cracking down on tax evasion and ensuring existing subsidies on staples such as food and fuel went only to those who qualified.
Cristiano Ronaldo arrives with his girlfriend Georgina Rodriguez to appear in court on a trial for tax fraud in Madrid.(REUTERS)
Cristiano Ronaldo arrives with his girlfriend Georgina Rodriguez to appear in court on a trial for tax fraud in Madrid.(REUTERS)

Cristiano Ronaldo pays $21.6 million fine for tax evasion, avoids jail

Madrid | By Reuters
UPDATED ON JAN 22, 2019 05:06 PM IST
Cristiano Ronaldo, who played for Real Madrid from 2009-18, agreed to settle the case by paying an $21.6 million fine and accepting a suspended jail sentence
Lashing out at Prime Minister Narendra Modi over demonetisation and GST, Congress president Rahul Gandhi on Saturday dubbed him as an “incompetent man who listens to nobody”.(PTI)
Lashing out at Prime Minister Narendra Modi over demonetisation and GST, Congress president Rahul Gandhi on Saturday dubbed him as an “incompetent man who listens to nobody”.(PTI)

‘Incompetent, Listens to nobody’: Rahul Gandhi pans PM Modi over note ban

New Delhi | By Press Trust of India
UPDATED ON JAN 05, 2019 10:28 PM IST
Congress president Rahul Gandhi accused Prime Minister Narendra Modi of destroying India’s growth story through note ban and GST.
Karnataka chief minister H D Kumaraswamy Saturday said no political motive should be seen in the ongoing Income Tax raids.(Burhaan Kinu/HT PHOTO)
Karnataka chief minister H D Kumaraswamy Saturday said no political motive should be seen in the ongoing Income Tax raids.(Burhaan Kinu/HT PHOTO)

No political motive should be seen in IT raids on film stars, producers: Karnataka CM

Bengaluru | By Press Trust of India
UPDATED ON JAN 05, 2019 06:52 PM IST
Kumaraswamy said the raids were going on everywhere and it happens only when the I-T officials come to know about tax evasion.
Raids were carried out on at least 28 premises of the sweetmeat shop owners and the pan masala brand in Lucknow’s Sapru Marg, Subhash Marg and Chowk premises(Representative)
Raids were carried out on at least 28 premises of the sweetmeat shop owners and the pan masala brand in Lucknow’s Sapru Marg, Subhash Marg and Chowk premises(Representative)

I-T raids on popular sweetmeat shop, pan masala brand premises in Lucknow over tax evasion

Hindustan Times, Lucknow | By HT Correspondents, Lucknow/kanpur
UPDATED ON JAN 04, 2019 08:27 AM IST
In Lucknow, as many as 35 income tax officers were involved in the exercise, outcome of which wasn’t disclosed by the IT officers.
New indian 2000 Rs Currency Note(Getty Images/iStockphoto)
New indian 2000 Rs Currency Note(Getty Images/iStockphoto)

Printing of Rs 2,000 note stops, currency still valid

New Delhi | By Remya Nair, New Delhi
UPDATED ON JAN 03, 2019 11:03 PM IST
The cut in circulation does not mean the Rs 2,000 notes will become invalid. In all likelihood, the denomination will be gradually phased out.
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