Six foreign tours companies under tax scanner

The Income tax department is looking into tax evasion by about six companies providing foreign tour packages for under-reporting of income, non-deduction of the prescribed tax and their involvement in remitting money abroad through the hawala racket or unofficial fund transfer. The department sent show cause notices to these companies between June and July, ET […]

Moonlighting employees under tax scanner

The income-tax department has sent notices to many professionals who have earned income outside their regular salary but did not declare in their tax returns. Most of the notices issued were for financial years 2019-2020 and 2020-2021, people familiar with the matter told ET. In a number of cases, the income from the so-called moonlighting, […]

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