Income Tax Archives

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Penalties, Prosecution & Compounding Laws under GST on Fake Invoices/ITC

by user | Oct 12, 2020 | Income Tax

Large number of GST fraud cases involving the use of fake invoice for wrong availment of Input Tax Credit (ITC), which is further used to pay GST on outward supply have been detected since the roll out of GST by the Central GST authorities as well as State GST...

Section 206C(1H)

by user | Oct 6, 2020 | Income Tax

Analysis of Section 206C (1H) of Income Tax Act, 1961. Read our complete presentation on https://www.linkedin.com/feed/update/urn:li:activity:6718123630993125377/

The chaning dynamics of white collar crime

by Prasun | Oct 9, 2019 | Income Tax

In the early 1940s, American sociologist Edwin Sutherland coined the term “white-collar crime,” describing it as “a crime committed by a person of respectability and high social status in the course of his occupation.” Since then, the perception and understanding of...

Fraud Survey

by Prasun | Oct 9, 2019 | Income Tax

We have reached a particular point in time where the only certain thing in the economy is uncertainty. Numerous changes in the global political and business world have led to an uncertain and challenging economy for businesses as they race towards a greater goal every...

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