In July alone, 2.5 tonnes of gold coins were imported so far from South Korea under zero-duty facility
A new solution to raise deal speed is expected to avoid hiccups in trading when launched on August 1
I-T officials say many lawyers, CAs, consultants, designers have not filed their TDS
DRs have shares as an underlying asset and are typically issued by a bank, known as the depository bank, on behalf of a company.
Section 276CC provides for prosecution and makes tax evasion punishable with rigorous imprisonment of three months to seven years along with a monetary penalty depending on the amount dodged.
Good monsoon, farm loan waiver -- the two key reasons behind more customers in jewellery shops
Writes to Trai, Mumbai Police to catch unauthorised SMS senders
In India 24-carat gold is used mostly in coins and bars
The proposed bullion bank can help settle gold loan accounts in gold terms, and promote existing gold schemes, along with launching schemes including gold-recurring deposits.
Most of these alleged tax evaders hail from Kolkata, Mumbai, Ahmedabad, Surat, and Delhi.
PMO asked income-tax department to submit report on action taken against identified benami owners
"The government feels the industry needs some government oversight and can't be left unregulated. A panel of bureaucrats will soon submit their recommendations on the subject," said an official.
Official is accused of taking a bribe of Rs 2 cr to issue order in an appeal favouring Balaji Trust
BIS proposes compulsory registration for selling hallmarked jewellery. This will kill business of online sales as BIS registration is given only to physical premises.
Tax wing scanning cash deposits between Rs 5-10 lakh
Government's move to hire UK arbitrator follows poor track record of India in extraditing offenders from Britain
Government allows duty-free import of 500,000 tonnes raw sugar till June 12. At present, India levies an import duty of 40% on sugar
'Genuine' share transfer gets relief; CBDT lists three scenarios where tax would be levied
Lack of closure to the algo controversy could weigh on sentiment, say experts
Rs 6,000-cr disclosure just four days before scheme ends
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