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Tax Evaders

Nov 29, 2016 at 13:41 | Source: CNBC
On November 8, Modi announced that all 500 and 1,000 rupee notes in circulation would be cancelled by year-end and replaced with new notes as part of efforts to catch tax evaders holding undeclared cash, or "black money."
Nov 28, 2016 at 10:30 | Source: PTI
The Puducherry unit of Bharatiya Janata party (BJP) today said those who were hoarding black money and evading income tax alone raised the banner of revolt against the Centre' move to combat corruption and fake currency, through demonetisation.
Oct 27, 2016 at 08:35 | Source: Moneycontrol.com
The defaulters are going to face a penalty of 200 percent on the tax evaded. But some who had declared a part of their unaccounted wealth in the Income Declaration Scheme which ended a month back, will be given immunity.
Oct 14, 2016 at 15:38 | Source: PTI
Observing that it would be difficult for anyone to evade taxes under the new framework, CAIT said even the instances of under-invoicing will gradually wane as the tax department will have PAN-based registration and sale-purchase data of traders.
Sep 28, 2016 at 19:39 | Source: Reuters
The Indian government has sent out about 700,000 notices to suspected tax evaders to coax them to declare hidden income and assets, promising they won't be pursued by the authorities if they pay a penalty now to clear their name.
Aug 20, 2016 at 14:44 | Source: NEWS18.com
Speaking on India's economy in Mumbai, he said, "If you take money from banks, learn to repay. And if you want lesser taxes don't evade it."
Jul 19, 2016 at 20:28 | Source: PTI
The project will use technology to allow the government to collate databases of IT returns, IT forms, TDS/TCS statements and Annual Information Return (AIR) data.
Jun 27, 2016 at 19:54 | Source: CNBC-TV18
The benami amendment bill will be introduced in the monsoon session and warned that there will be more stringent measures to control the menace of tax evasion, says Rani Nair, member of the central board of direct taxes, in an interview to CNBC-TV18.
Jun 17, 2016 at 21:44 | Source: PTI
In order to identify tax evaders, the Income Tax department on June 17 said it will use 360 degree profiling and match the database of people filing returns withthose of information about high value transactions.
Jun 16, 2016 at 16:36 | Source: PTI
Prime Minister Narendra Modi set a target for the taxmen to double the taxpayer base to 10 crore and warned "the long arm of the law" will catch up with those evading taxes
Messages on Tax Evaders »

Sunil789

Silver Member

3 Followers

News Now  

will increase forever. tax evaders will think 10 times to avid tax. all these befits to country will be forever... huge long term gain with little short term loss.

2.24 PM Dec 2nd

jayanta0000

New Member

36 Followers

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Not able to catch the tax evaders is poor governance? Govt. should clean up the top echelon first which is seriously missing, instead firing one gun for all ( retiree/daily labourer/small vendors/common folks) that is stupid. Like, Larry Summers said, when in a doubt, you let go 5 criminals instead

1.08 PM Dec 2nd

nareshgk5

New Member

39 Followers

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wealthy tax evaders and end India`s "shadow economy", but it has also exposed the dependency of poor farmers and small businesses on informal credit systems in a country where half the population has no access to formal banking. Patil was stuck with 700,000 rupees ($10,144) of worthless cash. He can also

8.38 PM Nov 27th

honest_anal
ysis

Gold Member

89 Followers

M&M Financial  

BM (black money) is of many types. The one made by tax-evaders and Babus has actually turned out to be good for consumption. Am worried that this part of BM will be badly hit; that`s why economists are pegging a 3% cut in GDP growth. Much of this BM has been spent in nono-discretionary spending

4.52 PM Nov 21st

amateurinve
stor

Platinum Member

2468 Followers

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went along with account opening forms to slums and village hamlets and hilltops and crores of accounts were opened. all these poor and illiterates have minimum common sense to get credits directly sans middlemen. if all payments and receipts are through bank accounts, IT officials can easily nab tax

2.59 PM Nov 20th

sadiquetz_d
reamboy1984

Platinum Member

422 Followers

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Sofar what open action has been taken on black money crocodiles...? Any headlines on tax evaders name or have u seen who is in top of the list in swiss bank..? One side govt pretends as they are for poor & kishan.. but other side they are protecting corporate thieves! *SDB 1984*

12.09 PM Nov 20th

neymey

New Member

9 Followers

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? Okay, let`s go back into history, right down to Independence. Let us start with 2016. What did this government do about the Panama Paper leaks which named tax-evaders from India? How many of them were caught and penalised? How much of the Rs 90 lakh crore money parked in illegal offshore accounts

9.45 PM Nov 13th

suryapc

Platinum Member

7 Followers

Tax Planning & Help  

DEAR SCORPIO: IT IS GOVERNMENT RESPONSIBILITY TO CRACK DOWN THE TAX EVADERS. BIG FISHES ARE ALWAYS ENJOYING PRIVILEGES AT THE COST OF SMALL TAX PAYERS AND SALARIED PEOPLE .

1.06 PM Feb 11th 2013

snack

Platinum Member

344 Followers

Tax Planning & Help  

Not sure what exactly is the question. Is the question about companies who are DELIBERATELY evading tax and paying lower amounts - or about companies paying a tax which is lower than usually paid. In the first case, "hounding" is not the correct term if the taxman legally follows up for the taxes

2.49 PM Feb 6th 2013

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Source:Financial Express - New Delhi: When G-20 leaders meet next week in Paris, India is likely to demand for retrospective exchange of information on tax evaders under tax treaties. Finance Minister Pranab Mukherjee, who will attend the G20 finance ministers� meet beginning October 14, is also

12.36 PM Feb 4th 2013

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