Tax Evasion

Tax compliance goes beyond filing your income tax return on time. Several provisions under the Income Tax Act, 1961, set limits on cash transactions and high-value financial dealings. Staying within these limits can help taxpayers avoid penalties, scrutiny and unnecessary legal complications.

The CBDT has identified six categories of cases that will be compulsorily selected for complete scrutiny during FY 2026-27. According to the guidelines, notices for returns filed during FY 2025-26 must be issued on or before 30 June 2026.

India’s Income-Tax Department found restaurants under-reported sales worth ₹408 crore after surveying 62 outlets across 46 cities. Using AI analysis of data from 1.77 lakh restaurants, officials detected bill deletions and software manipulation.

The PIB clarified that claims about the Income Tax Department accessing social media accounts starting April 2026 are misleading. Here's what the fact-check report says.

The Income Tax Department is investigating tax evasion among food and beverage firms in Mumbai, including one linked to Shilpa Shetty. The couple has denied allegations of fraud, asserting they are cooperating with investigations and have faith in the judicial system.

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.

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.”