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How do you get caught for tax evasion?

There are many ways deployed by tax authorities to catch tax evasion offenders. The agencies look into social media footprints, take the help of whistleblowers, computer data analysis, etc. You can read about the Black Money, Tax-Evasion & Tax-Avoidance in the given link.

Currently financial institutions and banks share information about very high value withdrawals, deposits, purchase of immovable properties, mutual funds, shares with the tax authorities. 

Further readings:

  1. Double Taxation Avoidance Agreements (DTAA) – Countries Involved, Income Tax Provisions
  2. UPSC Mains General Studies Paper-III Strategy, Syllabus & Structure

Related Links

Value Added Tax (Subsumed by GST) – Overview, Differences with Income Tax, Limitations

General Anti-Avoidance Rule (GAAR) – Anti Tax Avoidance Law in India

Previous Years Economics Mains Questions for UPSC General Studies Paper – 3

Economics Notes For UPSC Examination

Demand and Supply – Demand Curve, Supply Curve & Market Equilibrium

Topic-Wise GS 3 Questions for UPSC Mains

Minimum Alternate Tax (MAT) – UPSC Indian Economy Notes

Carbon Tax – Meaning and an Overview [UPSC Notes]

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