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The government on Tuesday said that names of over 2.09 lakh firms were deregistered for failing to comply with regulatory requirements.

2.09 lakh companies deregistered; directors face action: Govt

Section 248 of the Companies Act provides powers to strike off names of companies on various grounds.

5 Sept 2017 5:53 PM IST

If you are under the age of 60, heres a check list to help you plan your money decisions to create wealth, insure adequately, and save tax in 2018-19.

I-T Dept suspects massive tax evasion via derivative trading

The I-T department had last year detected bogus capital gain of about Rs 80,000 crore.

18 Oct 2018 8:50 AM IST

I-T dept searches premises of media baron Raghav Bahl

I-T dept searches premises of media baron Raghav Bahl

Bahl is the founder of the Quint news portal and the Network18 group and is a known media entrepreneur.

11 Oct 2018 10:52 AM IST

In this June 1, 2018, photo, President Donald Trump walks to Marine One on the South Lawn of the White House in Washington, as he heads to Camp David for the weekend. Lawyers for President Donald Trump and Summer Zervos, a former Apprentice contestant who sued the president for saying her sexual misconduct claims were lies, are scheduled to be in court Tuesday, June 5, 2018, in New York. (AP Photo/Susan Walsh)

Trump shrugs off report revealing fortune in tax dodges, parental...

Trump has often boasted that he built a multi-billion dollar real estate empire from a USD 1 million loan from his...

4 Oct 2018 8:50 AM IST

The Income Tax Department has detected undisclosed income of over Rs 10,000 crore in fiscal 2017-18, thus recording a 20 per cent surge over the previous fiscal.

Rs 29,088 crore indirect tax evasion detected during April-Oct

The total number of cases where service tax was evaded stood at 1,145 involving Rs 22,973 crore.

21 Nov 2018 3:36 PM IST

The official said Rs 32.54 crore in cash, out of the total seizures of Rs 152.78 crore, has been released after verification. (Representational image)

Rs 160 Cr cash, 100 kg bullion recovered after I-T raids on TN...

The searches were launched on premises of Ms SPK and Company, partnership firm engaged in road-highway construction, on...

17 July 2018 8:10 AM IST

Minister of State for Finance clarified that as per an earlier decision of GST Council, states may choose any date before June 1 to implement e-way bill. (Photo: ANI)

GSTN develops system to fetch e-way bill data to curb evasion

In last 18 months, around 90 per cent of taxpayers have reported up to 50 B2B and B2C large invoices in a month.

30 Jan 2019 5:08 PM IST

Direct tax collection in the fiscal year just ended has exceeded the targets with a record 6.84 lakh income tax returns being filed, officials said today.

High value buys tip off taxmen about evasion

The department is identifying the non-filers of income-tax returns through Non-Filers Monitoring System (NMS) by using...

23 Jan 2019 1:24 AM IST

E-way bill provision has been decided by the GST Council and will be implemented in six months. (Representational Image)

E-way bill to be integrated with NHAI's FASTag to track GST evasion...

FASTag also offers non-stop movement of vehicles through toll plazas.

15 Jan 2019 3:40 PM IST

The scheme seeks to provide certainty to taxpayers in the domain of transfer pricing by specifying the methods of pricing and setting the prices of international transactions in advance.

India-US sign pact for exchange of reports to check tax evasion by...

The agreement was signed by Central Board of Direct Taxes Chairman PC Mody and US' ambassador to India Kenneth Juster.

27 March 2019 4:29 PM IST

Mauritius is compliant with all OECD norms, including the Global Forum on Transparency and Exchange of Information for Tax Purposes.

India notifies pact with US to check tax evasion by MNCs

This information will enable an enhanced level of assessment of tax risk.

29 April 2019 3:50 PM IST

The government is considering converting GST Network- which is handling the IT infrastructure of the new indirect tax regime - into a state-owned company, an official source said.

GST e-invoice generation system on govt portal on anvil to reduce tax...

The proposed system of e-invoice will eventually replace the requirement of a generation of e-way bill for movement of...

28 April 2019 2:06 PM IST