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.
Decision-making is stretched because of differences in views between ministries.
The prime minister has emerged as the most widely-travelled PM compared to his predecessors.
Tech major is in discussion with film-makers, sport administrators to enter the fast-growing sectors.
Manoj Sinha will retain his current role in the railways.
Asked about the Congress's opposition to the GST Bill, Santosh Kumar Gangwar said no party opposes GST outside Parliament.
Performance is considered a major reason why Ravi Shankar Prasad might have had to leave telecom.
Though the Cabinet reshuffle on July 5 has a clear stamp of the Prime Minister's Office, the changes have also increased the coherence between the Bharatiya Janata Party, the government and the Rashtriya Swayamsevak Sangh.
If the new regime is introduced in 2017, the govt may lose out on cess, surcharge
The focus on Swachh Bharat has sharpened with Prime Minister Modi asking ministers to show the outcomes of schemes launched since the NDA government came to power
Those evading taxes could soon find tax officials at their doorstep, with a rather insightful account of their big purchases.
This gains importance in the backdrop of speculation on a second term for Raghuram Rajan.
Amazon has emerged a competition for posterboy of Indian e-commerce Flipkart.
Amazon committed a fresh investment of $3 billion, in addition to the $2 billion it announced in 2014.
What explains Vijay Shekhar Sharma's optimism when other players have started to tread cautiously is Paytm's huge customer base: It has 120 million users and counting, says Nivedita Mookerji.
Indradhanush-II is likely to chart out the process for resolution of non-performing assets.
Sources indicated defence and national security initiatives.
Tata Group's CLiQ is the latest to join the e-commerce club, to compete with the likes of Amazon, Flipkart and Snapdeal.
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