The Income Tax department will start sending SMS/emails to about 25,000 individuals, who are part of the "high-risk" cases identified for non-disclosure of foreign assets in the income tax returns (ITRs) filed for Assessment Year (AY) 2025-26, sources said.
West Bengal Chief Minister Mamata Banerjee criticised the BJP after the central government failed to pass a Constitution amendment bill for women's quota in legislatures, accusing the BJP of using the bill as a political ploy to divide the country and Bengal.
West Bengal Chief Minister Mamata Banerjee has accused the BJP-led central government of using the proposed amendment to the women's quota law as a front for the Delimitation Bill, which she claims will divide the country. She asserted that her party will fight this move at every step.
"Clothes speak volumes before you do," says celebrity stylist Tanya Ghavri, who believes elegance matters more than virality.
'The low tax to GDP ratio of the country will go up, helping the government to adhere to fiscal discipline and keep inflation in check.'
Noida Cyber Crime Police arrested four individuals in Sector 76 for allegedly defrauding foreign nationals through a tech support scam. The accused posed as technical support agents, falsely claiming hacking incidents to extort money from victims.
While the black money declarations may go up further once all the online and manual filings of undisclosed assets filed at the end of the four-month window on September 30 are compiled, the government will get this fiscal nearly Rs 14,700 crore or half of the total taxes due.
The sources said the taxman has initiated a country-wide operation to identify suspect bank accounts where huge cash deposits have been made post November 8.
The RBI has also been asked to consider displaying this information on its website.
Undisclosed overseas assets such as immovable property, jewellery, shares and art works will be valued at fair market price for the purpose of tax and penalty under the new black money law.
Earlier, Arun Jaitley had said 60 prosecutions had been launched on the 'HSBC list'.
Police in Rajasthan's Jhalawar have frozen assets worth more than Rs 2.5 crore belonging to an alleged drug trafficker under provisions of the NDPS Act.
'Shah Rukh Sir gave us a lot of room to make the film we wanted to make.'
Banks asked to maintain record of cash being ferried in these vehicles all the time
'Markets never fully lose hope. But an important shift could come if the Strait remains closed -- moving from high prices to no prices.'
The government on Thursday clarified that black money declarants using the one-time compliance window cannot pay tax and penalty from undisclosed income to bring down their liability.
The blandness of the script and the just about passable performances make Mercy a wearying watch, particularly since the complexities of euthanasia are not adequately explored, observes Deepa Gahlot.
The Supreme Court today decided to hear on February 19 an application seeking speedy hearing of a plea by jurist Ram Jethmalani accusing the Centre of not implementing its directions on the issue of black money allegedly stashed in banks abroad.
The Income Tax department is likely to initiate prosecution against close to 300 people whose names have been submitted to the Supreme Court on Wednesday in connection with the probe into alleged black money accounts in HSBC bank in Geneva.
Indian Grandmaster R Praggnanandhaa faces Anish Giri in a crucial Candidates Tournament round, seeking a vital win to improve his standings. The tournament also features strong performances from Javokhir Sindarov and Anna Muzychuk in the women's event.
If India was able to provide additional and new information about people and entities that figure on stolen lists, they may consider it to exchange information
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.
The Bill could be referred to the Parliamentary Committee for scrutiny
The Central Board of Direct Taxes (CBDT) has signed up the country's three top economic think tanks to arrive at an official figure. This will help the government frame policies to tackle the problem.
Delhi Police have arrested four men from Maharashtra, Odisha, and Bihar for allegedly planning terror activities and attempting to recruit others online. An IED and related materials were seized during the operation.
JioBlackRock Asset Management Pvt Ltd, a 50:50 joint venture between Jio Financial Services Limited (JFSL) and BlackRock, on Monday announced closure of its maiden New Fund Offer (NFO), recording a total investment of Rs 17,800 crore ($2.1 billion).
The 22-year-old daughter of an IRS officer was allegedly raped and murdered at her Delhi residence. Police suspect a former domestic help, who is currently absconding.
Ferrari unveiled the 1,050-hp 849 Testarosa in Mumbai, blending aggressive design with a hybrid V8 powertrain capable of 0-100 km/h in just 2.25 seconds.
Though there are different views on the Global Financial Integrity numbers that the BJP cites, getting the money back to India is not going to be an easy task
Addressing Parliament on the first day of Budget session, President Pratibha Patil said steps have already been initiated for negotiations to enter into agreements for the exchange of information with major jurisdictions.
'For him what's important is relationships, his role, and, of course, the script.' Rediff celebrates Shah Rukh Khan's 60th birthday on November 2 with a special series that introduces us to the man behind the superstar.
Indian Grandmaster R Praggnanandhaa faced a setback at the Candidates chess tournament, while Javokhir Sindarov increased his lead.
Despite Iran allowing 'non-hostile vessels' through the Strait of Hormuz, marine insurance premiums are expected to remain elevated due to persistent high-risk classifications and ongoing geopolitical tensions, with experts cautioning that the threat of attacks and collateral damage still exists.
Delhi Police have busted a Pakistan-linked terror module recruiting Indian youth through social media, arresting a key operative and uncovering plans for potential attacks.
Bengaluru police arrested four individuals, including three from other states, for allegedly selling banned narcotic substances. The police seized a significant quantity of ganja, hydro ganja, and MDMA.
While posting the matter on April 29, the bench asked the Solicitor General to take proper instruction from the Revenue Secretary and also respond "What prevented them (Centre) to comply with the directions."
Ex-bankers, retired government officials and journalists have been roped in by the Election Commission to hold 'charcha' or dialogue sessions with voters as part of its drive to crack down on black money instances in "expenditure-sensitive" pockets.
In the women's section, World Cup winner Divya Deshmukh turned the tables on overnight leader Anna Muzychuk to jump into joint lead with four others.
Mahindra pushes premium EV strategy with XEV 9e Cineluxe, blending luxury design, immersive technology and over 500 km range capability.
It was found the declarants were persons of suspicious nature and very small means, and the declarations could have been misused.
