A special Indian team is camping in Manitoba to assist ongoing investigations by Canadian agencies and to render any consular services for the victims.
Select works from the airline's huge art collection will be showcased at the National Gallery of Modern Art in the exhibition titled 'Air India salutes Indian Masters', which begins in New Delhi on Saturday and runs till September 1.
Fintechs need to behave with responsibility and transparency. A lot of mis-selling has been happening. Other issues have been plaguing the fledgling industry -- high interest rates, even higher processing fees, harsh collection process and, most critically, data leakage leading to rampant frauds, points out Tamal Bandyopadhyay.
Even as the lockdown remains in force till June 30, the Maharashtra government, as part of the phase-wise reopening of the economy and public activities under 'Mission Begin Again', has allowed private offices to resume operations with 10 per cent staff. Since the lockdown came into force in March, regular operations of BEST buses were suspended and services were available only for the essential services staff and health workers.
The mandatory use of the Indian flag on SCI's ships has been a bone of contention with prospective buyers, on account of the costs it will entail in terms of taxation and vessel registration.
In the year-long crackdown on tax evasion, the GST authorities have unearthed over Rs 35,000 crore of tax fraud committed by misuse of input tax credit provision under the Goods and Services Tax (GST) regime. During the 2020-21 financial year, the CGST zones and the Directorate General of GST Intelligence (DGGI) booked about 8,000 cases involving fake ITC of over Rs 35,000 crore, a statement from CBIC said. Under the GST regime, at the time of paying tax on output, entities can reduce the tax they have already paid on inputs.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
'Karenge aur kaam, sir. Zindagi bahut choti hai, ideas bahut sare hain.'
Vodafone Idea Ltd (VIL) CEO Ravinder Takkar did some plain speaking. In an analyst call after its quarterly results recently, Takkar said that the main stumbling block to raising fresh capital from investors is "pricing" - telecom tariffs, in other words. Nine months ago, the telecom company's board had cleared a proposal for raising Rs 25,000 crore from investors, after the promoters made it clear that they were not ready to pump in more money. But potential investors are concerned that without clarity on tariff hikes (there have been none for more than 18 months) they might just lose their money. The lack of visibility on raising tariffs has also impelled VIL to request the Department of Telecom (DoT) for a fresh reprieve by extending the two-year moratorium on paying its spectrum instalment of Rs 8,200 crore for another year till FY23.
The government would be ironing out issues related to the controversial 'bail-in' clause in the earlier Bill, explore hiking the deposit insurance cover of customers, and decide whether the resolution framework should apply to public sector banks.
Traders' body CAIT on Thursday urged the government to impose a ban on Amazon's e-commerce portal and its operations in India, accusing the global e-tailing giant of indulging in predatory pricing, deep discounting and inventory control. Addressing a press conference, CAIT secretary-general Praveen Khandelwal demanded an "immediate ban on Amazon's portal and its operations in India" and an investigation against the company in a time-bound manner. He also urged the government to probe the business practices of Amazon and Flipkart. However, responding to the allegations, both Amazon and Flipkart said they remain compliant with Indian laws.
While the tax treatment does legitimise past crypto transactions, there is a possibility that any, or all, private cryptocurrencies will be banned in future.
The most expensive gift received by Modi was a painting worth Rs 30,000, which is at the toshakhana. He also received a silver plate and five small silver bowls worth Rs 25,000, marked 'option of the recipient pending'. Ditto with another painting worth Rs 25,000.
Reduce the government stake in public sector banks to 33 per cent, recommends A K Bhattacharya
The agency said the first-of-its-kind attachment under the Prevention of Money Laundering Act "enabled" the zoo authorities to retain the animals as the smuggler was making attempts to take them away.
In a major expansion into sportswear and lifestyle wear segment, the Kumar Mangalam Birla-led Aditya Birla Fashion & Retail has signed a long-term licensing agreement with Authentic Brand Group of New York, which has the marketing and branding rights of Reebok, to run the operations of the global sportswear, athletic and lifestyle major in the country and ASEAN markets. The new agreement between the largest domestic multi-brand fashion retailer and Authentic Brand is an extension of their existing relationship as ABFRL already markets and sells some ABG brands like Forever 21. The agreement follows the global transfer of ownership of the Reebok brand from Adidas to ABG, which is expected to close in the first quarter of 2022.
This money was found wrapped in newspapers and was concealed in their check-in baggage.
Regional States will be worried that the US's nascent engagement with the Taliban behind the fig leaf of humanitarian aid enables the return of US intelligence personnel to Afghanistan, observes Ambassador M K Bhadrakumar.
Liquor shops reopened across the country in the non-containment zones after 40 days from Monday with people queuing up in large numbers, giving social distancing norms a toss at some places.
Hasmukh Adhia to present revenue dept's performance over past year & plan for current financial year
Now BSNL customers will be able to make calls using the company's mobile app 'Wings' to any phone number in the country.
Details of identity and residence will not be required for exchange of notes between April 1 and June 30.
The aim of the exercise was to further simplify GST forms and make the filing process more user-friendly, the finance ministry said in a tweet, reports Dilasha Seth.
The CBEC will itself be rechristened as the Central Board of Indirect Taxes and Customs and will supervise GST and Customs activities and provide the government policy inputs.
'Under this government, tax laws have become more draconian, and the government itself is setting stiff, unrealistic targets for tax officials, who have got more powers to harass us,' points out Debashis Basu.
It, however, does not manufacture devices on its own and rather does it through contract manufacturers.
'During Amit Shah's recent visit to Kerala, the strategy of concentrating the attacks on the CM on false charges was clear enough.'
Now with the Prime Minister insisting on quick resolution of all pending grievances, it is highly likely that all backlogs of complaints will be resolved very soon.
'The huge amount of investments being made by telcos in India for telecom gear, there is no way this demand could be met only by Europeans.' 'The Chinese are quick in installation and offer great value for money.'
On October 18, the tax department had said searches had led to detection of undisclosed income of more than Rs 500 crore in addition to Rs 93 crore worth seizures, including gold jewellery and diamonds. A revised appraisal of such seizures now pegs its value at Rs 106 crore which includes cash (Rs 45 crore), gold jewellery and diamonds (Rs 41 crore) and foreign currency Rs 20 crore.
Filing your tax returns may seem like a lot of paperwork, but it is swift and smooth once you start with a clear plan, says Anil Rego.
Facing black money investigations in India and several other countries, global banking giant HSBC on Monday said it is also being probed in the US for hiring candidates related to government officials in Asia Pacific.
The permission was given to the company to make the postal stamps available to its customers as a value addition.
'Aquaponics can effectively cushion the impact of a calamity like COVID.'
While the manufacturers want higher Customs duty to make imports costlier and encourage the domestic industry, the department has called for a reduction in the duty to bring down the cost of imported devices.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
With the first quarter gross tax mop-up reaching Rs 5.6 lakh crore, Icra Ratings on Friday said the government is set to exceed the budgeted tax collection target of Rs 22.2 lakh crore for 2021-22, led by indirect taxes. The government has budgeted a modest 9.5 per cent growth in tax collections at Rs 22.2 lakh crore for FY22, over FY21 collections of Rs 20.2 lakh crore. However, despite the second wave of the pandemic, the April-June quarter tax collections rose to Rs 5.6 lakh crore, which is 39 per cent higher than Q1 of FY20.
Major rivers in Ratnagiri district, including Jagbudi, Vashishti, Kodavali, Shastri, Bav are flowing above the danger level. As a result, Khed, Chiplun, Lanja, Rajapur, Sangameshwar towns and nearby areas have been affected and residents are being shifted to safer places.
Beauty technicians and hairstylists in PPEs. Constant disinfection of instruments such as scissors and combs, Disposable neck-wraps and fresh towels. That's what beauty may look like now, reports Amrita Singh.
Prime Minister Modi will be conferred with the Maldives' highest honour "Rule of Nishan Izzuddeen".
