Latest Updates
Jaipur Land Scam: ED Raids 12 Sites in Black Money and Benami Deals Case
The Jaipur Land Scam saw the ED raid 12 sites, seizing ₹9 lakh and uncovering foreign shell company links. With top real estate moguls under the scanner, the case reveals how black money and benami deals distort housing markets and launder illegal wealth. This in-depth article explains the scam, laws involved, global parallels, and practical steps for citizens and professionals to avoid falling prey to fraudulent real estate deals.
IT Raids Continue on Eastman Group and 10 Businesses—ED Entry Likely Next
IT raids continue on Eastman Group and 10 businesses, with ED entry likely next. This article explains the raid process, agencies involved, and broader economic impact. With historical context, global comparisons, and compliance tips, it’s a complete guide for professionals and everyday readers alike. Learn how businesses can stay safe, why transparency matters more than ever, and how these raids fit into India’s evolving financial landscape.
Tax Evasion Crackdown: Income Tax Raids After Overpriced Medicine Purchases
The Tax Evasion Crackdown: Income Tax Raids After Overpriced Medicine Purchases reveals how inflated medical bills and bogus claims cost taxpayers billions. With raids spanning over 200 Indian locations and similar fraud cases worldwide, the crackdown highlights global issues in healthcare billing and tax compliance. This article breaks down how tax evasion works, the impact on patients and governments, and practical steps for staying ethical and compliant.
Trump’s IRS Order Could Change How You Pay Taxes Next Year
President Trump’s IRS order and the “One Big Beautiful Bill” could reshape taxes in 2026. Paper checks are being phased out, replaced with electronic payments, while new deductions — including no tax on tips, overtime pay, and car loan interest — aim to put more money back in Americans’ pockets. This article explains what’s changing, who benefits, and how to prepare, helping taxpayers plan for a smoother filing season.
HMRC Uses AI to Catch Tax Cheats by Tracking Lifestyle on Social Media
HMRC is using AI and social media monitoring to catch tax cheats, raising debates about privacy and fairness. Its Connect system scans bank records, property data, and online lifestyles to detect fraud. With expanded powers since 2021 and global data-sharing, hiding income is harder than ever. This guide explains how HMRC’s system works, what it means worldwide, and how freelancers, businesses, and everyday taxpayers can stay compliant.
3 Florida Tax Preparers Jailed for $12M Fraud After Local News Exposed Them
Three Central Florida tax preparers were sentenced to federal prison for a $12 million fraud uncovered by News 6. The scheme involved fake deductions, inflated refunds, and a rebranded business. Victims faced audits and debts while the perpetrators received long sentences and restitution orders. This article explains how the fraud worked, why it matters, and offers a step-by-step guide to protect yourself from tax scams and shady preparers.
Traverse City Man Faces Tax Fraud Charges Over Illegal Marijuana Sales
A Traverse City man faces tax fraud charges over illegal marijuana sales, highlighting the crucial role of tax compliance in Michigan’s booming cannabis industry. Authorities allege John Cunningham failed to report income from an unlicensed operation, costing communities valuable revenue. This article explains the case, Michigan’s cannabis laws, and offers practical lessons for entrepreneurs, showing how compliance, transparency, and responsibility ensure success in one of the nation’s fastest-growing markets.
Las Vegas Man Faces Prison in $3.5 Million Tax Fraud Case
A Las Vegas man is facing prison after pleading guilty to a $3.5 million tax fraud scheme. Michael J. Moore, owner of X Tax Pros, filed fake tax returns from 2015–2025, costing the government millions. This article explains the case, the risks of tax fraud, and how individuals and businesses can protect themselves from scams. Learn practical tips, FAQs, and expert insights to keep your taxes safe and legal.
House Sold for Lakhs but Declared Low in ITR—Here’s How a Tax Exemption Secured Relief
A house sold for ₹67 lakh but declared with minimal income in ITR sparked an Income Tax Department probe. The taxpayer secured relief under Section 54 by proving reinvestment and documenting house improvements, even those paid in cash. The ITAT Ahmedabad ruling upheld his claim, showing how smart planning and thorough records can legally cut taxes. This article explains Section 54, planning strategies, pitfalls, and real-life examples for taxpayers.
Angela Rayner Resigns After Tax Scandal on Her Hove Flat
Angela Rayner’s resignation following a tax scandal has sparked major discussions about accountability and transparency in politics. With an underpayment of £40,000 in stamp duty, Rayner’s mistake led to her stepping down as Deputy Prime Minister. This article breaks down the scandal, its impact on UK politics, and provides practical advice for handling property taxes to avoid similar issues.
