Tax evasion

Urban Company has received a show-cause notice from the Directorate General of GST Intelligence

Taxing times: Urban Company gets show cause notice for Rs 51 crore tax evasion

Urban Company received a GST show-cause notice for Rs 51.3 crore over alleged tax evasion. The company disputes the claim,…

September 30, 2025 12:17 IST

Vedanta gets a penalty of Rs 15.4 Lakh from Orissa tax authorities

Vedanta said that the issue relates to the payment of Central Excise Duty during the fiscal year 2016-17. Further, the…

July 24, 2025 20:05 IST

Eicher Motors gets Rs 168 crore GST demand notice

The matter is related to Eicher Motors’s subsidiary VE Commercial Vehicles, a joint venture between Volvo Group and Eicher Motors.…

July 11, 2025 17:06 IST

Vedanta gets Rs 1.8 crore tax penalty order from Coimbatore GST and Central Excise Commissioner

Vedanta has received a Rs 1,87,60,764 tax penalty order from the Coimbatore Commissioner of GST and Central Excise. The issue…

Updated: May 22, 2025 19:45 IST

Vedanta Ltd, demerger, NCLAT, NCLT, power business, NCLT, stay order

Vedanta gets tax penalty order of Rs 146 crore from Visakhapatnam tax commissioner

The company said that the major portion of the penalty pertains to the non-payment of Special Additional Excise Duty (SAED)…

May 16, 2025 20:30 IST

Alkem Laboratories, tax evasion, income tax department, Sikkim manufacturing unit

Alkem Laboratories denies media reports alleging tax evasion of over Rs 1000 cr, calls it ‘factually incorrect’

“The company asserts its commitment to compliance and transparency, having fully cooperated with the Income Tax Department officials during their…

February 26, 2024 14:50 IST

bond market, global bond index, taxation, tax exemption, FPIs, borrowing cost, inflows, domestic corporates, Sovereign Dollar Bond, RBI, BoP surplus, market disruption, macroeconomic stability, economic reforms, foreign debt inflows

India’s tryst with global bond indices

The buzz on India’s global bond index inclusion has been around for four years now. However, each time the buzz…

December 4, 2023 12:43 IST

GST, GST collections, tax administration, economy, compliance, Data analytics, Artificial Intelligence, GST frauds, tax loopholes, global headwinds

GST collections: Signifying economic resilience

Persistent improvement in tax collections bodes well for the fiscal position, and indicates economic resilience along with greater formalization in…

November 21, 2023 11:42 IST

tax, tax data analytics, compliance cost savings, revenue, tax incentives, automation, tax regulations, investment, tax law, mergers and acquisitions, data volumes, tax liabilities

Tax data analytics: How compliance can fuel growth

According to a recent survey by EY, only 34% of tax executives say they have access to high-quality data for…

November 7, 2023 15:39 IST

Lux Industries, Income Tax Department, raid, searches, tax evasion, material impact

Income Tax dept conducts searches at Lux Industries premises in Kolkata over Rs 200 crore tax evasion allegations

The I-T department has reportedly alleged a tax evasion of Rs 200 crore by the company. The search is underway…

September 22, 2023 16:08 IST

Radico Khaitan, CAG, tax evasion, liquor manufacturing company, legal requirements, income tax returns

Radico Khaitan refutes reports of tax evasion, says it lacks accuracy

Radico Khaitan refuted the media reports, adding that the company has complied with all legal requirements including revenue laws of…

August 22, 2023 11:55 IST

Shree Cement, tax searches, Income Tax department, tax evasion, stock exchanges, assessment, fake agreements

Shree Cement refutes media reports on Rs 23,000 crore tax evasion, says income tax dept survey still on

“We believe that the captioned news-item appearing in the media is baseless and speculative in nature. Hence, we would like…

June 27, 2023 06:23 IST

GST, tax, tax evaders, tax compliance, revenue, taxpayers, Input Tax Credit, negative values, filing date, tax filings

GSTN make changes to monthly filings once again

The new advisory by GSTN has allowed the users to show the value of net credit notes in Table 4A.…

February 18, 2023 14:04 IST

“We are not limiting our actions (search and seizure operations) to real estate developers, healthcare, pharma and manufacturing. We have touched upon new areas which were never touched upon,” Central Board of Direct Taxes chairman Nitin Gupta has said.

ARCs, gaming, betting under lens: CBDT chief

Search and survey/seizure operations by the I-T department yield about Rs 5,000-6,000 crore annually, sources said. However, these have a…

August 27, 2022 01:00 IST

PAN or Aadhaar needed for Rs 20 lakh annual transactions

In a notification dated May 10, the Central Board of Direct Taxes said: “Principal Director General of Income-tax (Systems) or…

May 12, 2022 08:35 IST

Property buyers will have to deduct the TDS and deposit the same in the government treasury by quoting his PAN and the seller’s PAN.

Your Money: Tweak in TDS on property sale to prevent tax evasion

The 1% TDS on sale of property worth Rs 50 lakh or more is to be calculated on the stamp…

February 25, 2022 00:45 IST

Pandora Papers: Elite Indians stashed wealth in tax havens to evade regulatory evasion at home

The Pandora Papers reveal how offshore entity owners, even in India, found ways to deal with the post-Panama Papers scenario…

October 4, 2021 11:25 IST

Queen Elizabeth II, money laundering probe, tax evasion, british government, India, David Cameron

Queen unveils UK govt’s new agenda ahead of EU referendum

Queen Elizabeth II today unveiled UK government’s agenda for the year, announcing plans for new counter-extremism legislation, measures to tackle…

May 18, 2016 21:15 IST

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NBBL targets 1 billion monthly transactions

Money6 hr ago

NPCI’s subsidiary NBBL plans to process 1 billion transactions per month in the next three years, targeting half of India’s households and processing 3 bills per household. The launch of Banking Connect, an interoperable platform, aims to enhance the digital payment experience for online merchants. It has already partnered with major banks and payment aggregators, with more banks in the pipeline.

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