The recent verdict of the apex court of Switzerland makes it viable for foreign governments to chase alleged tax evaders. India now has the information and the regulations. How the information is deployed and the law invoked will decide the wisdom or maturity of the tax administration
Taxes are the main source of revenue collection for the government so that the government may utilize this revenue for development of infrastructure, providing healthcare, education and other government’s welfare schemes for its citizen.
The non-disclosure came to light during a joint search conducted by officials from the Income Tax Department and the Enforcement Directorate on December 1, 2015 in connection with the case of Advantage Strategic Consulting Pvt Ltd.
New Delhi (ILNS): A plea has landed before the Supreme Court, challenging the Income Tax department’s stand opposing Karti Chidambaram’s request to be discharged from prosecution initiated in 2018 for having allegedly evaded capital gains tax in the assessment year 2014-15.
Two days before the first presidential debate of 2020 The New York Times dropped a bombshell story about how Trump paid only token tax amounts on hundreds of millions of US dollars flowing into the Trump Organization and its subsidiaries