IT Investigation
The investigation into the claims of tax evasion made against insurance firms by the Income Tax Department is now complete. In which the department has learned that insurance businesses have been involved in hundreds of crores of dollars worth of tax evasion.
The Income Tax Department’s investigation into its allegations of tax fraud against insurance companies is now finished and has concluded that the tax evasion accusations were true. In which it was discovered that insurance firms’ commission payments constituted more than 15,000 crores in tax avoidance.
The Income Tax Department’s Investigation Wing estimates that around Rs 4,500 crore in taxes are collected from insurance businesses. More than 25 insurance firms and more than 250 enterprises are reportedly implicated in this situation, according to the IT report. who used to pay the agents’ commission. However, since March 2023, 30 corporations have received show-cause warnings in this case from DGCI.
Gautam Adani, along with his wife Priti Adani and son Karan Adani, joined thousands of…
PM Narendra Modi on Saturday paid tribute to former Prime Minister PV Narasimha Rao on…
Gautam Adani conveyed profound spiritual emotions after witnessing the revered Rath Yatra of Lord Jagannath…
In a step towards diversifying India’s horticultural exports, Punjab has successfully shipped its first consignment…
India’s primary market experienced a surge in activity in June 2025 as investor sentiment toward…
Consumers spent over ₹34,000 crore on ITC’s non-cigarette fast-moving consumer goods (FMCG) products in the…