The event will be significant for the Congress and Trinamool Congress leaderships, cementing the proximity during the winter session of Parliament.
Exemption limits, standard deduction on radar.
An expected withdrawal of FIIs from the market likely to weaken the rupee against the dollar.
'Investigation directorates have intensified actions in detecting serious irregularities.' 'They are seriously handicapped because of non-availability of manpower.'
Although the markets could see a knee-jerk reaction, they rule out a sharp fall.
The I-T department will rely on data analytical tools and run models to separate black money holders and genuine taxpayers based on the large data base being shared by banks.
'While collections under the Income Disclosure Scheme explain it partly, indirect tax numbers not showing any effect of the withdrawal of high denomination currency notes was puzzling.'
Adjusted for inflation, the earlier scheme would have collected Rs 25,000 crore.
Consensus seems a problem before the current session of Parliament ends.
It was found the declarants were persons of suspicious nature and very small means, and the declarations could have been misused.
Measures may include tax slab and rate revisions for individuals, companies.
The onus to explain that the gold jewellery was inherited or bought from known sources of income would be on the owner.
While the government has the option of ensuring the passage of these Bills as money Bills, there are voices within the government advising discretion on the GST roll-out by April 1.
Growth in the third quarter (October-December) is expected to be the weakest in years, with spending hit due to unavailability of enough replacement currency.
Limited IT staff may compel them to focus on big fish than small depositors.
Modi government plans to set up a committee of five or six chief ministers to suggest ways to promote digitisation.
Grains, non-mineral water might be on the list; biscuits, butter and cheese might attract GST
With a staff crunch, it seems the I-T department would now target only the big fish rather than go after small assessees.
Continued lack of consensus at next meeting could cast shadow on GST rollout by April 1.
'Day by day, the queues will shorten.'
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