tax evaders

Lovers of Money and tax non-compliance society

Income Tax - The love towards money can lead to problems like demonetarization of currency etc which can further lead to more tax evaders in our society....

Read More

Tax Evaders be Cautious – 26AS now becomes AIS

Income Tax - To achieve the dream of  $5 Trillion Economy by 2024 , Finance Minister present its 1st budget of this Decade with substantial changes in Direct Taxes, policy for leveraging of technology, Infrastructure development projects. One of such changes is ,omission of existing and  introduction, of below specified section`s under Income Tax Ac...

Read More

To Shame or Not to Shame the Tax Evaders?

Income Tax - Tax Authorities around the world are facing the challenge as to determine the policy which will be most effective for long term voluntary compliance from taxpayers. The debate revolves around those who think that penalties and sanctions are necessary and those who think that gentle persuasion is enough....

Read More

Legality of Tax Havens and Black Money

Income Tax - Abstract As we all are well aware of the term ‘Tax’ which is defined as a revenue that is levied on the people by the Government based on their income and the commodities they purchase or sell. Evasion of Tax has always been considered to be an illegal action and people with greed often engage […]...

Read More

Budget 2017: Budget of Tax Terrorism; Makes Tax Law more Complicated

Income Tax - Income-Tax Law Has Been Made More and More Complicated In Every Budget Mr. Modi Govt. in Budget 2017 has made the Income-Tax law more complicated. On One side Income-Tax Deptt. says that only assesses e-mail address should be provided to enable them to file returns voluntarily. On the other hand, CBDT amending Income-Tax law in […]...

Read More

Finance Minister asks Tax officers to deal firmly with Tax evaders 

Income Tax - Finance Minister exhorted Income Tax officers to be prompt in redressing the grievances of the tax payers and to deal firmly with Tax evaders ...

Read More

Disclosure of information of Income Tax Evaders

Income Tax - The disclosure of information respecting assesses under Section 138 does not, in general, prohibit furnishing of information about tax evaders. ...

Read More

Steps taken to curb Black Money within & outside the country

Income Tax - The present Government has taken various decisions and steps to curb the menace of black money both within and outside the country in last two years. Some of the major decisions and actions taken in this regard are given below:...

Read More

Plans to render black money & fake notes circulation ineffective

Income Tax - The Government has not issued any guidelines regarding minimising daily financial transactions in cash to curb money laundering, black money and so on. However, the plans of Government to render black money and fake notes circulating in the market ineffective are as under: -...

Read More

Arrest Limit increased in case of outright smuggling or mis-declaration of baggage

Income Tax - In cases of outright smuggling or mis-declaration of baggage, the limits regarding value of offending goods have been revised from Rs. 5 lakh to Rs. 20 lakh. As in the past, there shall be no lower limit for arrest and prosecution in the cases of smuggling of fake Indian currency notes, arms, ammunitions and explosives and endangered spec...

Read More

Computation of undisclosed income in case no incriminating document was found during search

ACIT Vs Surindra Engg. Co. P. Ltd. (ITAT Mumbai) - Searches conducted by the Income Department are important means for unearthing black money. However, under the scheme before insertion of special procedure for assessment of search cases, valuable time is lost in trying to relate the undisclosed incomes to the different years. Tax evaders generally ...

Read More
Sorry No Post Found

Recent Posts in "tax evaders"

Lovers of Money and tax non-compliance society

The love towards money can lead to problems like demonetarization of currency etc which can further lead to more tax evaders in our society....

Read More
Posted Under: Income Tax |

Tax Evaders be Cautious – 26AS now becomes AIS

To achieve the dream of  $5 Trillion Economy by 2024 , Finance Minister present its 1st budget of this Decade with substantial changes in Direct Taxes, policy for leveraging of technology, Infrastructure development projects. One of such changes is ,omission of existing and  introduction, of below specified section`s under Income Tax Ac...

Read More
Posted Under: Income Tax |

Finance Minister asks Tax officers to deal firmly with Tax evaders 

Finance Minister exhorted Income Tax officers to be prompt in redressing the grievances of the tax payers and to deal firmly with Tax evaders ...

Read More
Posted Under: Income Tax |

To Shame or Not to Shame the Tax Evaders?

Tax Authorities around the world are facing the challenge as to determine the policy which will be most effective for long term voluntary compliance from taxpayers. The debate revolves around those who think that penalties and sanctions are necessary and those who think that gentle persuasion is enough....

Read More
Posted Under: Income Tax |

Legality of Tax Havens and Black Money

Abstract As we all are well aware of the term ‘Tax’ which is defined as a revenue that is levied on the people by the Government based on their income and the commodities they purchase or sell. Evasion of Tax has always been considered to be an illegal action and people with greed often engage […]...

Read More
Posted Under: Income Tax |

Budget 2017: Budget of Tax Terrorism; Makes Tax Law more Complicated

Income-Tax Law Has Been Made More and More Complicated In Every Budget Mr. Modi Govt. in Budget 2017 has made the Income-Tax law more complicated. On One side Income-Tax Deptt. says that only assesses e-mail address should be provided to enable them to file returns voluntarily. On the other hand, CBDT amending Income-Tax law in […]...

Read More
Posted Under: Income Tax |

Disclosure of information of Income Tax Evaders

The disclosure of information respecting assesses under Section 138 does not, in general, prohibit furnishing of information about tax evaders. ...

Read More
Posted Under: Income Tax |

The Income Declaration Scheme, 2016- An Overview

Few Words about the scheme:- i. The Income Declaration Scheme,2016 is incorporated as Chapter IX of Finance Act 2016 and is covered in section 181 to section 199. ii. It shall come into force on 1st day of June 2016...

Read More
Posted Under: Income Tax |

Unearth Black Wealth and Buy Peace- IDS, 2016

India is moving towards a lower tax regime with non-litigious approach. Thus, while compliant taxpayer can expect a supportive interface with the department, tax evasion will be countered strongly. Capability of the department to detect tax evasion has improved because of enhanced access to information and availability of technology....

Read More
Posted Under: Income Tax |

Krishna at Rescue of Tax Evaders in Income Declaration Scheme 2016

Arjun: Who can participate in Income Declaration Scheme 2016 (IDS) introduced under Finance Act, 2016 by the Indian Government? Krishna: Following is a list of people, - Every Indian Resident who is guilty of his practices of tax evasion and wants to confess the same....

Read More
Posted Under: Income Tax | ,

Browse All Categories

CA, CS, CMA (5,615)
Company Law (7,526)
Custom Duty (8,569)
DGFT (4,574)
Excise Duty (4,505)
Fema / RBI (4,760)
Finance (5,079)
Income Tax (37,852)
SEBI (4,044)
Service Tax (3,740)

Search Posts by Date

July 2021
M T W T F S S
 1234
567891011
12131415161718
19202122232425
262728293031