Moody's finds 942-year-old director among 21 mn red flags on shell companies
South Asia, mainly India, has the most firms with circular ownership concerns, finds Moody's Analytics.
tax evasion
January 2024
March 2022
January 2022
'No communication from I-T dept': Polycab India junks tax evasion rumours; shares up
Company responds after reports that I-T dept identified suspicious transactions worth ₹250-300 cr in accounts of its promoters
29,273 bogus firms evaded tax worth ₹44,015 cr in 2023
In the December quarter alone, 4,153 bogus firms were involved in suspected ITC evasion of ₹12,036 cr
GST evasion: Govt recovers ₹95.86 crore from crypto exchanges
The total quantum of tax evasion detected was ₹81.54 crore.
I-T raids Hero MotoCorp, Pawan Munjal residence for ‘tax evasion’
Officials of the Income Tax Department are looking at financial documents and other business transactions of Hero MotoCorp and its promoters.
Budget 2022: How to raise revenue with right tax policies
Should not resort to self-defeating measures that hurt revenue in short and long run such as high tax on individuals but low tax on corporates.
