Home Education Meet the son of a farmer, who cleared UPSC exam in 4th attempt with AIR.. Ravi Kumar Sihag was selected in his first attempt in 2018 with an AIR of 337, but he was allocated the Indian Defense Accounts Service (IDAS). He cleared the exam again in 2019 with an AIR of 317 … Read more
Detailing how this may happen, the agency said family members double-hatting as bookkeepers may result in sales and expenses not being properly recorded. Payment from clients – typically cash from contributions collected from family and friends – similarly may not be documented. IRAS has also prosecuted one religious practitioner since 2019. Among the potential offences … Read more
MISSING TRADER FRAUD Perpetrators of the GST missing trader fraud seek to abuse the GST system to generate illegal proceeds through a string of false transactions, the police and IRAS said, adding that these false transactions are the basis of fraudulent GST refund claims made to IRAS. Missing trader fraud happens when a seller collects GST … Read more
The government introduced ABSD as a tax in 2011 to manage demand for property. Singaporeans must pay 17 per cent in ABSD when purchasing a second property, and 25 per cent on subsequent purchases. Those figures are higher for permanent residents and foreigners. ABSD is computed “on the purchase price as stated in the dutiable … Read more
