How the ultrarich in US save billions by selling stocks for a loss

Despite the proscription on ‘wash sales’, it remains a common enough investment solution.

Paul Kiel, ProPublica

 & 

Jeff Ernsthausen, ProPublica

· Feb 16, 2023 · 11:30 pm

Delhi court dismisses three complaints against ‘Newslaundry’ alleging tax evasion

An Income Tax officer claimed that the news website, its co-founder and others failed to account for earlier losses in the valuation report.

Scroll Staff

· Nov 30, 2022 · 10:42 am

Delhi High Court allows Vivo to operate bank accounts frozen by Enforcement Directorate

The Chinese smartphone maker needs to furnish a bank guarantee of Rs 950 crore and maintain a balance of Rs 250 crore in its accounts, the judge said.

Scroll Staff

· Jul 13, 2022 · 06:07 pm

Oppo India evaded customs duty worth Rs 4,389 crore, alleges Centre

The company misdeclared some items that it imported in order to claim exemption, the Union finance ministry said.

Scroll Staff

· Jul 13, 2022 · 03:34 pm

Vivo illegally transferred Rs 62,476 crore to China to avoid paying taxes in India, claims ED

The Enforcement Directorate had conducted searches at 48 locations belonging to Vivo India and its associated 23 other companies on Tuesday.

Scroll Staff

· Jul 08, 2022 · 09:00 am

Panama Papers case: Actor Aishwarya Rai Bachchan questioned by Enforcement Directorate

The case pertains to document leaks from law firm Mossack Fonseca which had revealed details about hidden offshore wealth of top leaders and celebrities.

Scroll Staff

· Dec 20, 2021 · 10:17 pm

Tamil Nadu: Actor Vijay questioned by I-T department, Rs 77 crore seized from his film financier

The Income Tax department said the amount of money concealed in this case is likely to be more than Rs 300 crore.

Scroll Staff

· Feb 06, 2020 · 06:48 pm

Election Commissioner Ashok Lavasa’s son and sister also issued notices by tax department: Report

A company in which Abir Lavasa is a director is under the department’s scanner. Tax officials are looking into Shakuntala Lavasa’s purchase of an apartment.

Scroll Staff

· Sep 25, 2019 · 01:08 pm

Tax notice to EC Lavasa’s wife puts his dissenting notes against Modi, Amit Shah back in spotlight

Novel Singhal Lavasa said she had paid all her taxes and disclosed all the income she had earned from her pension and other sources.

Sruthisagar Yamunan

· Sep 24, 2019 · 05:27 pm

Election Commissioner Ashok Lavasa’s wife gets I-T notices on charges of alleged tax evasion

Novel Singhal Lavasa has been asked to explain details in her tax returns with regard to holding directorship in some companies between 2015 and 2017.

Scroll Staff

· Sep 24, 2019 · 09:19 am

I-T Department attaches Rs 700-crore of properties of two liquor firms after searches in four states

Investigators had searched 55 places in Tamil Nadu, Kerala, Andhra Pradesh and Goa on Tuesday and Friday after receiving tip-offs.

Scroll Staff

· Aug 11, 2019 · 03:46 pm

Kashmiri separatist leader Syed Ali Shah Geelani’s house in Delhi attached on tax evasion charges

The Office of the Tax Recovery Officer said Geelani had failed to pay Rs 3.62 crore in tax for assessment years 1996-’97 to 2001-’02.

Scroll Staff

· Apr 01, 2019 · 04:13 pm