Browsing Tag

taxmen

GST evasion: Taxmen get more teeth

GST officers can now launch prosecution against offenders in cases where the amount of evasion or misuse of input tax credit is more than Rs 5 crore, the finance ministry has said. However, this monetary threshold will not be applicable…

Taxmen clear the air on TDS levy on cryptos

The Central Board of Direct Taxes (CBDT) has issued detailed guidelines on facilitating tax deducted at source (TDS) on virtual digital assets (VDA) or crypto assets, under which date of transfer and mode of payment will have to be…

Taxmen get edge in old foreign asset cases

The Income Tax (I-T) Department now has an upper hand in chasing undisclosed foreign asset cases that were reopened before 2021. A tax tribunal, last week, has questioned the oft quoted rulings by the high court and Supreme Court on the…