Tax evasion

What would be Consequences of not Replying to Queries by Income Tax Department India 3 min read

• Income Tax

What would be Consequences of not Replying to Queries by Income Tax Department India

Rajbir Chawla 2 years ago

Not replying to queries from the Income Tax Department in India can have various consequences, as the department has the authority to enforce compliance with... Read More

What is Tax Avoidance and How it is Not Same as Tax Evasion? 3 min read

• Income Tax

What is Tax Avoidance and How it is Not Same as Tax Evasion?

Diksha Garg 4 years ago

Do you get confused between the terms’ tax evasion and ‘tax avoidance? If yes, you are at the right place to know the difference between... Read More

What are the Causes of Tax Evasion and Ways to Control It? 3 min read

• Income Tax

What are the Causes of Tax Evasion and Ways to Control It?

Diksha Garg 4 years ago

Tax evasion is unlawful action where an individual willingly tries to escape paying the true amount of tax imposed on him. Intentionally not paying taxes... Read More

Penalties for Tax Evasion in India 5 min read

• Income Tax

Penalties for Tax Evasion in India

Akanksha 8 years ago

Introduction to Tax Evasion Tax evasion refers to any attempt to avoid payment of taxes by using illegal means. Some of the common forms of... Read More

Penalty Provisions under GST Act as per Model GST Law 3 min read

• GST

Penalty Provisions under GST Act as per Model GST Law

Akanksha 8 years ago

Penalty Provisions under GST (From Model GST Law) In GST law penalty provisions are harsher and stricter for tax evader. Taking the intention forward, the... Read More

Income Disclosure Scheme(IDS) over, now you can report a tax defaulter and win the handsome reward 3 min read

• Income Tax

Income Disclosure Scheme(IDS) over, now you can report a tax defaulter and win the handsome reward

Rajbir Chawla 8 years ago

As you are aware that the deadline for Income disclosure scheme (IDS) was over on 30th September 2016. Few would be aware that the Income... Read More

Another interesting turn in Hissaria brothers vs. CIT Case 4 min read

• Income Tax

Another interesting turn in Hissaria brothers vs. CIT Case

Garima Jalali 8 years ago

The Hissaria brothers vs. CIT case has taken another twist. Recently another judgement was passed by the Rajasthan stated that the penalty proceeding for default... Read More

can Limited tax scrutiny be Converted to full tax scrutiny- a tax quick fix 2 min read

• Income Tax

can Limited tax scrutiny be Converted to full tax scrutiny- a tax quick fix

Garima Jalali 8 years ago

Know how and when it gets worse– from limited tax scrutiny to full tax scrutiny Knowing tax and its components properly is hands down a... Read More

What if you are caught with tax evasion? 3 min read

• Income Tax

What if you are caught with tax evasion?

Manager 8 years ago

Tax Evasion Every year the government makes repeated appeals and reminders to the tax payers through all possible media. Caught with Tax Evasion. There are... Read More

Tax evasion can land you in deep trouble 5 min read

• Income Tax

Tax evasion can land you in deep trouble

Manager 8 years ago

Individuals have the liberty to self assess their income and pay taxes accordingly. However that does not mean that if someone conceals a particular source... Read More