News shortcuts: From the Courts | Top Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | Professional Updates | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax | PPE Safety Kit SITRA Approved | PPE Safety Kit
Service Tax »
 How work from home may increase tax liability for certain employees
 How waiver or fall in rent may impact your tax liability
 What to do if you get a scrutiny notice from the tax department
  How many income tax returns (ITRs) are picked up for scrutiny each year
  Notification u/s 138 of the Income Tax Act, 1961 in respect of Competition Commission of India
 You may have to file ITR even though your income might not be taxable
 Tax saving investment options for lower income slabs Use this formula to calculate post-tax return
 Deadline to claim tax benefits under Section 80C expires today ITR Filing FY 2019-20
  Tax on your gold and real estate investments
 Notification of Sovereign Wealth Fund under section 10(23FE) of the Income-tax Act, 1961
 ​Notification of Sovereign Wealth Fund under section 10(23FE) of the Income-tax Act, 1961

Rs 2cr service tax evasion detected
January, 25th 2009

The preventive team of excise office detected service tax evasion to the tune of Rs 2 crore by a construction company here on Thursday. Further action will be initiated soon.

Excise commissioner Ram Teerth said preliminary searches had yielded many incriminating documents. An evasion of Rs 50 lakh was detected. Further examination of documents led to detection of evasion of Rs 2 crore tax.

"So far, evasion to the tune of Rs 31.07 crore had been detected during the current financial year," he said. Of this amount, Rs 18 crore had already been realised from defaulters. Despite global meltdown and its impact on India, revenue collection targets will be met, he said.

Home | About Us | Terms and Conditions | Contact Us | PPE Kit SITRA Approved | PPE Safety Kit
Copyright 2020 CAinINDIA All Right Reserved.
Designed and Developed by Ritz Consulting