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Tax Evaders

Jul 17, 2014 at 11:08 | Source: Moneycontrol.com
In 5,327 surveys conducted in FY14, the I-T department has unearthed undisclosed income worth Rs 10,791.63 crore and unreported income of Rs 90,390.71 crore, official data suggests.
May 06, 2014 at 08:29 | Source: Reuters
The penalty could be roughly twice the amount paid by UBS AG, which settled similar charges in 2009 for USD 780 million and agreed to identify its customers
Feb 17, 2014 at 19:01 | Source: CNBC-TV18
According to HP Ranina although there seemed to be a bit of tinkering on the excise duty front to please the common man, nothing much was done to widen the tax base - to bring in tax evaded income.
Jan 21, 2014 at 21:41 | Source: CNBC-TV18
A fiscally constrained government has now set about to rectify this. On one hand it has introduced the Voluntary Compliance Scheme and on the other it has empowered the Service Tax Department with the ability to arrest evaders.
Jan 20, 2014 at 19:10 | Source: PTI
An evasion of service tax of Rs 50 lakh and above has now been made a cognisable offence after the passage of current fiscal's Finance Bill on May 10.
Dec 12, 2013 at 15:09 | Source: CNBC-TV18
The I-T department had frozen Nokias Chennai asset, accusing the firm of evading tax of up to Rs 21,000 crore, a development that stalled consummation of the global deal between the Finnish handset maker and the US software giant.
Dec 04, 2013 at 16:23 | Source: PTI
Stating that much has changed in the last 17-18 years, and today government has technology and huge amount of information about tax payers, he said, "If we are able to identify a tax evader and we want to look at what he is doing, believe me we have the information and the technology- which can provide 360 degree profile of that person."
Aug 07, 2013 at 18:53 | Source: CNBC-TV18
In its recent survey of more than 1000 hotels and restaurants in Mumbai, the Service Tax department has found more than 700 hotels evading service tax, reports Aastha Maheshwari of CNBC-TV18.
Jul 15, 2013 at 17:07 | Source: PTI
"Revenue department is looking into the clause of beneficial ownership of the Jet-Etihad deal. The Department will have to see the tax implications of the deal whether it is meant to evade tax," a finance ministry official told PTI.
May 04, 2013 at 12:24 | Source: PTI
Three days after conducting searches at Balaji Telefilms' facilities and also at the houses of its promoters here, the Income Tax department today said the film production house had not disclosed Rs 30 crore income it had earned, and thus evaded tax.
Messages on Tax Evaders »

R Jagannathan

Platinum Member

1035 Followers

Budget  

protection for those bringing in the money; a flat 30 percent tax for domestically declared incomes. Those disclosing these details will be issued zero-interest bonds that will be listed on the stock markets. We hope everybody who has such wealth will disclose them. I must warn tax-evaders that once

11.22 AM Jul 8th

MF & Taxes  

what is the national interest. If voda type giants escape tax then how country will run.There will always disputes , may be real or purposive. The govt should take decision in national interest.majority should not be misused to appease tax evaders.

2.42 PM Jun 19th

gsk49

Gold Member

58 Followers

Politics  

Part two - That makes it NOW [Feb 2011] is the right time for a tax amnesty. Why so? (1) It will capitalize on the rising panic amongst tax evaders that their escape routes are being choked by new tax agreements, revelations by conscience-bitten bankers (which could spread like

12.44 PM Apr 8th

R Jagannathan

Platinum Member

1035 Followers

News Now  

it is no one’s case that government should do nothing or too little to bring back tax-evaded money, or even that it has done anything worthwhile about it, the court’s own justification for seeking a larger role for itself in this holy duty is questionable. Not only that, the premises on which it is seeking

2.30 PM Mar 28th

R Jagannathan

Platinum Member

1035 Followers

Legal  

it is no one’s case that government should do nothing or too little to bring back tax-evaded money, or even that it has done anything worthwhile about it, the court’s own justification for seeking a larger role for itself in this holy duty is questionable. Not only that, the premises on which it is seeking

2.27 PM Mar 28th

siva7077

Silver Member

2 Followers

Hatsun Agro  

This is a normal search by Income tax dept.The C.M.D R.G.Chandramohan is one of the Genuine high tax payer in Tamil Nadu So there may not be any Tax Evading in Hatsun also Hatsun remains a buy in every dip for a target of Rs 340.00

3.27 PM Mar 12th

bullbirsing
h

Platinum Member

85 Followers

Larsen  

is something the banks must think of solving. I do not agree with karvarnan that in times of difficulty bankers should not demand their share of wages. If that is the case, in case of difficult times, FM should have given amnesty for pay back for the service tax evaders rather than 50 percent cut on the five

5.11 PM Feb 15th

mkbarai

Silver Member

0 Follower

Tax Planning & Help  

YES HEAVY TAXES ARE LEVIED IN OUR COUNTRY, MOREOVER EVEN THE BASIC ESSENTIAL NEEDS OF THE CITIZENS ARE TAXED, AT THE SAME THE TAX EVADERS ENJOY LIFE KING SIZE, BY WAY OF BRIBES AND OTHER WRONG DOINGS, LEGALLY AND/OR ILLEGALLY. MODI SHOULD BE ABLE TO CHANGE IT BECAUSE THE HONEST CITIZENS HAVE FULL

6.19 PM Jan 16th

mysankalp

Silver Member

0 Follower

Tax Planning & Help  

all the countries where tax is low and simplified have less tax evaders.

4.01 PM Jan 16th

ashutoshade
sai

Platinum Member

58 Followers

Politics  

Indian retailers are not issuing bills.they collects all taxes included in MRP but donot pay to the govt and are the largest tax evaders...if they are forced to issue bills then only what y say could be considerable.not surprising they donate heavily to ruling party and can continue their rogue

11.06 AM Jan 15th

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