Penalty can be levied at 100-300 per cent of the tax evaded, while tax is imposed at the highest rate of 30 per cent.
This means taxpayers might continue to enjoy exemption on maturity of their investments
Reaction to surge in applications, seemingly to hide identity as chit funds.
The flood-hit religious destinations of Kedarnath, Badrinath, Yamunotri and Gangotri, where rescue operations are underway, would again record heavy rains from Thursday, the India Meteorological Department said on Friday. It also predicted "rather heavy showers" in Hemkund Sahib, another religious destination hit by flash floods and heavy rains, from Wednesday.
To revive the two state-run telecom operators, Bharat Sanchar Nigam Limited (BSNL) and Mahanagar Telephone Nigam Ltd (MTNL), the government is likely to waive the one-time fee these telcos need to pay for retaining additional spectrum.
May include 'influencing a company's major policy decisions' in the current meaning.
Might discuss Ordinance route tomorrow, note circulated among ministers listing discussion topics.
The biggest problem is that those with Aadhaar numbers aren't coming forward for seeding these with bank accounts.
Dept to focus on real estate, infra, mining and manufacturing to detect evasion.
No clarity yet on whether multi-level structure would escape ban.
Also discuss a proposal to increase the minimum VAT rate to 6% from 5%; no decision taken yet
The move could streamline capital flows and help finance current account deficit
The Committee, in an earlier report on the Direct Taxes Code (DTC) Bill, had favoured abolition of STT.
The government would try to minimise layers in FDI ceilings.
Expected to be over 100% of long average period.
Despite a high current account deficit (CAD) and lower interest rates abroad, the Union government will not go for a sovereign bond issue to get more dollars.
Could turn out below last year's budget estimate, with some improvement in revenue and spending
Prime minister's office wants OMCs to bear credit subsidy for remaining 8 subsidised units on reimbursement basis.
Television owners might have to again shell out a licence fee- this time to fund state-owned Prasar Bharati, which runs Doordarshan and All India Radio, if a government committee has its way.
April dealers with up to Rs 60-lakh (Rs 6-million) turnover could opt out with 1 per cent levy.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances