The disagreement between the Centre and states continued over administrative powers.
Non-compliance, underreporting or misreporting will attract a penalty of 50-200 per cent. The authorities may during assessment even tax assets that are 15-20 years old
In the first tranche, the department will send out letters in 100,000 cases where the money spent is at least Rs 1 crore (Rs 10 million) each a year.
In its manifesto for the 2014 Lok Sabha elections, the Bharatiya Janata Party (BJP) had criticised the Congress-led UPA regime for "policy and decision paralysis".
The committee would submit its report in the next two weeks.
Asked about the Congress's opposition to the GST Bill, Santosh Kumar Gangwar said no party opposes GST outside Parliament.
The textile industry is the second-largest employer in the country, employing about 32 million, and the government is banking on it to absorb millions of youth.
If the new regime is introduced in 2017, the govt may lose out on cess, surcharge
Those evading taxes could soon find tax officials at their doorstep, with a rather insightful account of their big purchases.
There are about 85 million milch cows -- those that produce milk -- in the country.
The review stresses on creating conditions for growth that is employment-friendly.
DD Kisan in the past year has clocked an average direct viewership of 500,000 to 10 million.
The country had imported 5.5 million tonnes of pulses last year.
Indradhanush-II is likely to chart out the process for resolution of non-performing assets.
Official panel points to bid deficiencies in rural job guarantee, pensions, housing and other programmes.
The 0.5 per cent Krishi Kalyan Cess (KKC) on all services increases the total tax chargeable on services to 15 per cent, making it expensive to dine out or travel.
The income tax department on Monday released rules for equalisation levy - a tax on online advertisements that would come into effect from June 1.
Madhya Pradesh, Maharashtra, Rajasthan, Chhattisgarh (all BJP-ruled), Karnataka, Haryana, Punjab, Uttar Pradesh, Jammu and Kashmir, Bihar, Assam, West Bengal and Kerala are among the worst performers.
Agriculture and processed food exports dropped to a five-year low of $24 billion in 2015-16.
Wheat will be now be sold to the schemes at Rs 2 per kg, while rice would be given at Rs 3 per kg.
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