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The Income Tax (I-T) department has identified over 500 ‘actionable’ cases involving undisclosed immovable properties held by Indians in Dubai, according to The Economic Times report. Raids conducted in Delhi alone have uncovered unaccounted transactions exceeding Rs 700 crore, the report added citing sources.
The Income-Tax Department Thursday carried out searches at offices of global caller ID platform Truecaller on charges of tax evasion, official sources said. The Stockholm-headquartered company said it was cooperating with the invesigators.
The Income Tax Department has accused Hinduja Global Solutions (HGS) of evading taxes amounting to around Rs 2,500 crore, according to a report by The Economic Times.
Tax evasions worth more than Rs.100 crore by Banshidhar Tobacco Company and its affiliate firms were unearthed during the income tax department’s raids across Kanpur, Delhi and Jhansi on Thursday and Friday, according to people aware of the details. Nearly Rs.7 crore…
Avoiding taxes against the law, can lead to severe consequences. Make sure to understand where people may try to evade taxes and be careful when filing your income tax return. Tax evasion involves unlawfully avoiding tax payments through actions like:…