Monday, September 27, 2021

Tax evasion, money laundering via shell companies set to get tougher

Using 'shell' companies to launder money or dodge tax will become tougher with a tribunal ruling last week shifting the 'burden of proof' from the income tax (I-T) department to the taxpayer dealing with such private entities which, though legal, simply serve as conduits for fund

from Banking/Finance-Industry-Economic Times https://ift.tt/3uiRtMl

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