In its bid to crack down on tax evasion in the form of sales of goods sans invoices, the Department of Gujarat State Tax conducted searches on the premises of 14 taxpayers operating in different ...

The Income Tax (I-T) Department conducted raid and search operations at the offices of wealth and assessment management services group 360 ONE WAM (formerly IIFL Wealth) early Tuesday morning ...

A hole in the tax base like “no tax on tips” is an invitation to tax evasion. Clear guardrails would be needed to discourage misclassification. The macroeconomic effect of exempting tips from income ...

The Tax Cuts and Jobs Act (TCJA) was a major overhaul of the tax code, signed into law by President Donald Trump in his first term on Jan. 1, 2018. The Senate passed TCJA on Dec. 2, 2017 ...

Meaning Refers to a person's planning of financial affairs in such a way that that the assessee gets the full benefit of all permissible deductions and the exemptions as per the law. Tax avoidance is ...

Anupam explained to them that tax evasion is wrong, and that they could easily secure loans through government schemes if they declared their profits accurately. “If you keep hiding your profits, sure ...

Lea Uradu, J.D., is a Maryland state registered tax preparer, state-certified notary public, certified VITA tax preparer, IRS annual filing season program participant, and tax writer. Vikki ...

Hundreds of people have had their train fare evasions quashed after they were prosecuted unlawfully. The cases were the last 500 to be declared void after a judge ruled last year that railway ...

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