Rajasthan Congress leaders Jyoti Mirdha and Sawai Singh Chaudhary switched to the Bharatiya Janata Party in Jaipur on Monday ahead of assembly elections due later this year.
Chairman of the Central Board of Direct Taxes (CBDT), Prakash Chandra, has asked the income tax (I-T) department to hasten court and tribunal proceedings to meet tax collection targets in the coming quarters.
The Central Board of Secondary Education has directed disciplinary action against principal of a school which expelled Ruchika Girhotra soon after she complained of molestation by ex-DGP SS Rathore nearly two decades ago, but the school management defended her saying she was "innocent".
A senior CBDT official said the idea was to use TDS as a major driver to meet the stiff direct tax collection target of Rs 5.33 lakh crore in the current financial year.
A bench comprising Chief Justice J S Khehar and Justice D Y Chandrachud allowed Karti to be accompanied by a lawyer at the CBI headquarters during the questioning.
The differences revolved around the two topics of how much reserves the RBI should carry and whether the finance ministry had precipitated matters by invoking Section 7 of the RBI Act, that allows it to give directions to the RBI in public interest.
The Supreme Court on Wednesday issued notices to the Centre and the Reserve Bank of India on a petition seeking probe into the alleged money laundering by the trustees of Mumbai's Lilawati Hospital.
The development comes after Dy CM Manish Sisodia tweeted about complaints received by him in this regard.
The finance ministry has directed the Central Board of Direct Taxes to put in place a framework for an Advance Pricing Agreement mechanism, two officials familiar with the development said.
The Kerala Story is among a long list of films that invited bans and censorship.
Union minister Anurag Thakur said that "one should take complete information and sometimes many issues come up that are far from truth..."
'We are seeing an era where only what Modi wishes is going to happen.' 'A clear message has now been sent to others that if this fate could befall on Nitin Gadkari, then just think what could happen to lesser mortals.'
Taxmen are opposing proposals to cut personal income and corporate tax and scrap taxes on various transactions.
Mahindra Satyam said it will withdraw the petition filed against the Tax Department challenging its direction to pay tax.
The former Satyam Computer's founder, Ramalinga Raju, had confessed in early 2009 to having falsified the company's accounts for years.
The statements on Joshimath are creating confusion not only among affected residents but also among citizens of the country.
'We have a plan to plough back a 'This year in the first half we had profits of more than Rs 31,000 crore.' significant amount of profits this financial year.' 'We have seen this organic plough back of profit is one of best ways to support the equity of the bank.'
This scheme would help salaried people, especially those working in far-flung and remote areas with armed forces and para-military forces.
Concern has been raised on the method of identification for providing tax credit and the requirement of a permanent account number for deduction of withholding tax. Industry had raised these two issues before a Central Board of Direct Taxes committee looking into the matter, said a senior finance ministry official.
'As CIC, you have the power to comment on policy matters. 'If you have very strong beliefs and you know your rulings will be reported, you will express your beliefs.'
However, the department has not changed ITRs significantly, considering Covid-19 crisis.
A thorough probe is underway, none of the authorities has so far talked about any possibility of a sabotage.
The salaried will not face regular income tax scrutiny this year.
The economic growth slowed to 6.9 per cent in the second quarter against 8.4 per cent in the same period last year.
TDS has been successfully used for direct taxes like the income tax.
Taxpayers may get relief in terms of tax rates in the proposed Direct Taxes Code (DTC), which is likely to replace the 50-year-old Income Tax Act from the next fiscal, a key official indicated on Friday.
Analysts warn that complying with the new standards will be a cumbersome process for companies, particularly smaller ones.
The CBDT has revised the target upward by 10 per cent (Rs 53,000 crore or Rs 530 billion) for the current fiscal to keep the fiscal deficit at the budgeted level of 4.6 per cent of the gross domestic product.
The Union finance ministry has asked field officers of the income tax department to not be adversarial to assessees, and to not send high-pitched demands without a proper basis.
India's inclusion in JP Morgan's bond index can channel billions of dollars into India. How will the government securities market handle it?
According to Exam Controller Sanyam Bhardwaj, the exams which were pending due to the COVID-19 situation have been cancelled.
All categories of taxpayers can now file their income returns on October 29 and 30.
CBDT was considering discontinuing these bonds in the coming Union Budget.
A revealing excerpt from Mani Shankar Aiyar's fascinating new book, The Rajiv I Knew.
The income tax department is asked to keep names of blackmoney holders under wraps.
The Central Pollution Control Board on Monday reviewed the air quality in Delhi-NCR observing that the contribution of stubble burning may rise in the next five days with the AQI fluctuating between 'very poor' and 'severe' categories.
This is the eighth time that the CBDT has extended the deadline for individuals to link their PAN with Aadhaar.
The government on Friday informed the Supreme Court that it will set aside its order directing scam-hit information technology firm Satyam Computer to pay Rs 617 crore (Rs 6.17 billion) as income tax and will give a fresh hearing to the firm's plea challenging the tax demand.
The Central Board of Secondary Education (CBSE) and Council for the Indian School Certificate Examinations (CISCE) boards have told the Supreme Court that class XII board examination results would be declared by July 31 and the students, desirous of taking up the board examination physically of CBSE can do so between August 15 to September 15, subject to conducive pandemic situation.
This facility, initially, will be available at select ATMs in the major centres.
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