Tax Evasion News
How to obtain tax residency proof in India?
A UK company requires an Indian Tax Residency Certificate for reduced withholding tax on interest payments. To obtain this, an online Form 10FA must be submitted, confirming tax residency in India for the relevant financial year.
2 min read8 Dec 2025‘Bitcoin Jesus’ Roger Ver strikes $49.9 million tax settlement with DOJ, avoids prison in deferred prosecution deal
Roger Ver entered into a deferred prosecution agreement resolving mail fraud and tax evasion charges in federal court in Los Angeles after publicly campaigning earlier this year for President Donald Trump to pardon him and “help to end this lawfare.”
1 min read14 Oct 2025Supreme Court stays ₹273.5 crore GST notice against Patanjali Ayurved
Patanjali Ayurved has received an interim relief after the Supreme Court stayed a ₹273.5 crore GST penalty notice against the company.
2 min read14 Aug 2025CAG flags ₹3.17 lakh crore in losses, idle funds and fiscal lapses in govt's FY23 accounts
While revenue and fiscal deficits stayed below revised estimates in FY23, the CAG identified significant short recoveries, unutilised reserves, arrears in loan repayments, and discrepancies in financial reporting that could undermine fiscal transparency and efficiency.
6 min read12 Aug 2025Income Tax: Only evaders should fear invasive tax probes
India’s Income Tax bill is broadly welcome for simplifying this direct levy, but it has also raised some concern over digital privacy. We should tighten the operating framework under Section 247 to reassure earnest taxpayers.
2 min read28 Jul 2025₹104 crore tax evasion by tobacco dealers detected this fiscal year, says govt
The government has detected cases of tax evasion by tobacco dealers, amounting to a significant sum of ₹104 crore till June of this financial year.
1 min read25 Jul 2025Close investigations swiftly, speed up refunds: finance minister tells tax officials
Nirmala Sitharaman wants the Central government’s indirect tax administration to ensure that ease of doing business and ease of tax compliance remain the tax administration’s guiding principle.
2 min read20 Jun 2025The honest taxpayer’s dilemma: When playing by the rules becomes a competitive disadvantage in investing
The digitisation that has transformed banking and payments offers hope for other sectors, but only if implemented with genuine political will.
4 min read19 Jun 2025CBDT investigates tax evasion through crypto assets
The direct tax authority identified persons and entities which dealt in virtual digital assets (VDA) but have failed to comply with the Income Tax Act.
2 min read14 Jun 2025Trump to pardon Todd and Julie Chrisley: Who they are and what fraud charges they face
The Chrisley family requested that the Trump administration release the couple, and last week, Trump's daughter-in-law, Lara Trump, aired an interview on her Fox News programme with the Chrisleys' daughter, Savannah.
2 min read28 May 2025Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared
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