Tax Frauds

Dhanlaxmi Bank fined for AML non compliance

The Reserve Bank of India has imposed a monetary penalty of Rs 10 million on Dhanlaxmi Bank Ltd for violation of its instructions, among other things, on KYC norms...

FATCA in India

Objective of FATCA ? The US government has recently enacted Foreign Account Tax Compliance Act (FATCA), which is primarily intended to detect and thus discourage...

Tax Havens Explained

In the European Union, finance ministers couldn't agree on a big plan to stop tax evasion. This happened because Luxembourg, a small country known...

Certification in International Taxation

Certified Tax Fraud Analyst Direct and Indirect tax revenue is one of the sources of government income that is germane to solving the problems of...

Air India tickets used in LTC scam

The CBI has been called in by the Central Vigilance Commission (CVC) to investigate a widespread racket in claims of leave travel concession (LTC scam) involving...

LTC scam in Shipping Corporation

Many Employees of Shipping Corporation of India, a Public Sector Undertaking have done the world tour in the single Leave Travel Concession offered to...