tax evasion News

UBS Set to Finalize Settlement in Credit Suisse's U.S. Tax Evasion Case

UBS Group AG is reportedly close to settling Credit Suisse's longstanding tax dispute with the U.S. Department of Justice, involving allegations of aiding American clients in tax e...

GST 'Track and Trace' Mechanism to Combat Cigarette and Pan Masala Evasion

The GST Council has approved a 'track and trace mechanism' to combat tax evasion, focusing on cigarettes and pan masala. This system aims to reduce illicit trade and provide a lega...

Revolutionary 'Track and Trace Mechanism' Launched to Combat GST Evasion

The GST Council introduces the 'Track and Trace Mechanism' to monitor goods prone to tax evasion, affixing a unique mark on these goods or their packaging. This move aims to enhanc...

Income Tax Department Recovers Rs 37,000 Crore from Non-Filers: A Closer Look

The Income Tax Department has collected Rs 37,000 crore from individuals not filing returns despite taxable income, using an expanded tax collection and TDS system.