Scam Alerts

 
Tax Frauds Worth Rs 38,000 Crore Detected Last Year

Tuesday, July 16, 2019, 6:49 PM

Tax Frauds Worth Rs 38,000 Crore Detected Last Year

The Finance Ministry on Tuesday informed the Parliament the tax officials detected tax frauds worth Rs 37,946 crore in the financial year 2018-19 and Rs 6,520 crore in the April-June 2019 period after the implementation of GST (goods and service tax) regime. The Minister of State for Finance Anurag Thakur, in a written reply to the Rajya Sabha also informed that the cases of availing tax credit by issuing fake invoices were of Rs 11,251 crore in 2018-19 and Rs 2,805 crore in April-June 2019. In the first year of GST implementation, only 5 cases of tax credit availment by fake invoicing were detected by Central GST formations involving an amount of Rs 12.67 crore.

Blog

 
Tax Avoidance and Tax Evasion

Tuesday, September 4, 2018, 5:17 PM

Tax Avoidance and Tax Evasion

Difference Between Tax Avoidance and Tax Evasion Who likes to pay taxes? Almost all assessees try to escape paying tax, through various means. When ...

Blog

 
How To Link PAN With Aadhaar?

Thursday, June 7, 2018, 7:47 PM

How To Link PAN With Aadhaar?

The deadline for linking PAN with Aadhaar has been extended to June 30, 2018, from the earlier deadline of March 31, 2018. If you have filed your inco ...

Blog

 
Consequences Of Holding Multiple PAN Cards

Monday, June 4, 2018, 7:10 PM

Consequences Of Holding Multiple PAN Cards

Many people apply for multiple PAN cards with the objective of creating a dual identity. Applying for multiple PAN cards is a fraudulent activity and ...

Blog

 
All You Need To Know On Benami Property

Monday, May 21, 2018, 5:45 PM

All You Need To Know On Benami Property

Benami property refers to a property without a name. In Hindi Benami means without name. So property bought by a person, not under his true name is ca ...

Blog

 
447 Companies Robbed The Taxman Of Rs 3,200 Crores

Monday, March 5, 2018, 7:01 PM

447 Companies Robbed The Taxman Of Rs 3,200 Crores

The income tax department has identified a scam worth Rs 3,200 crores. Under this scam, 447 companie ...

1 Pages, 6 Records
CIBIL Meter