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Amit Dave / Reuters
"Action has been initiated to restrict the operation of bank accounts of such companies."
Finance Minister Arun Jaitley said the 4-month scheme led to 64,275 declarations.
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As many as 500 Indians allegedly figure in an unprecedented leak of more than 11.5 million documents from the files of law firm Mossack Fonseca, based in the tax haven of Panama. Investigations have r...
SEBASTIAN D'SOUZA via Getty Images
China has slapped USD 70 million tax on US tech giant Apple's local subsidiary, accusing it of underwriting some of the expenses. Apple Computer Trading (Shanghai) Co. Ltd in China failed to pay 452 m...
MUMBAI -- Suspecting tax evasion of at least Rs 5,000-6,000 crore, regulator Sebi has clamped down on a large number of organised syndicates who had set up 'shops' to convert black money into legitima...