Finance Minister T.M. Thomas Isaac has said the State government has initiated extensive measures to check tax evasion in poultry transport. Addressing a press conference held here on Tuesday on the sidelines of a district-level meeting to review the measures taken to raise tax revenue, he said that tax evaders among poultry suppliers had caused loss to the tune of several crores to the exchequer.“Tax...
|
Swiss businessmen prevented from leaving Libya will be charged and tried for tax evasion and failing to follow visa regulations, Libya's Foreign Ministry said on Thursday."They will be tried and charged with non respect for residence visa procedures and tax evasion," it said in a statement read to reporters at a news conference.The two have been held in Tripoli since July 2008 following the arrest...
|
Portsmouth chief Storrie in court on tax evasion charge < ');" class="size11 blue"> RatePortsmouth chief executive Peter Storrie appeared in court on Monday to face charges of tax evasion over a 2003 transfer deal.Storrie spoke only to confirm his name and date of birth when he appeared before City of Westminster Magistrates' Court in central London, the Press Association reported.He is accused of...
|
Arouse social conscience against evasion Mahesh C Purohit, Director FPEPR*, New Delhi (Mahesh C Purohit, Director FPEPR*, New Delhi) Desired objectives of tax policy can be achieved only when it is properly administered. Failure in appropriately administering the tax laws allows tax evaders to thrive. This defeats the purpose of a fair tax policy and threatens the canon of equity. It is widely believed...
|
Commercial Taxes Officers were suspended from service on Saturday after they were found to have supplied excess delivery notes to four chicken dealers resulting in the Nadupuni check-post tax evasion scam.They were Raveendran and Sivadas from the office of the in-charge Assistant Commissioner of the Commercial Taxes Department, Chittur. P. Mara Pandiyan, Secretary, Taxes Department, issued the suspension...
|
Alleges tax evasion on $11.2-billion dealIn a setback to telecom major Vodafone Essar, the Income Tax Department on Thursday issued a showcause notice to Vodafone International Holdings, alleging tax evasion in its $11.2-billion deal with Hutchison Telecommunications International Ltd in 2007.In the 531-page notice sent under Section 201(1) and 201(1A) of the IT Act, 1961, it asked Vodafone to explain...
|
India today said it will renegotiate with all the 77 countries with which it has double tax avoidance treaties to track tax evasion following allegations of black money being stashed by many Indians in Swiss banks. "I have asked Revenue Department to reopen negotiations for all 77 double tax avoidance agreements with all countries which we have entered so far so that we can have real time exchange...
|
Finance Minister Pranab Mukherjee said on Tuesday that India would start fresh talks with all the 77 countries with which it has double-tax-avoidance treaties, in order to check tax evasion. "I have asked the revenue department to reopen negotiations for all 77 double-tax-avoidance agreements which we have entered so far with all countries so that we can have real-time exchange of information on tax...
|
Jharkhand chief minister Madhu Koda and his former Cabinet colleagues are under probe by the Income Tax department. Tax sleuths carried out nationwide raids to asses the extent of tax evasion by Koda and his former colleagues who were booked by the Enforcement Directorate earlier this month under Prevention of Money Laundering Act.Koda (first ex-chief minister to be booked under PMLA) and his colleagues...
|
NEW DELHI: Tax department’s search and seizure operations have revealed manufacturing to be a big tax evader in 2008-09 , just behind real estate, indicating that the sector may have acquired a bigger play in the black or the cash economy. Gems and jewellery, the other sector hit hard by the global demand slump, has also seen a sharp increase in the quantum of undisclosed income declared in searches....
|
