According to I-T department sources, the need for increased scrutiny comes following the department's own report for last fiscal which mentions that 'educational institutions' among other 'various sectors' have indulged in huge 'tax evasions'. The I-T department exempts educational trusts and institutions enjoying 'tax benefits' from the Act.
PricewaterhouseCoopers, an advisory and consulting firm whose sister company audited the accounts of Hyderabad-based Satyam Computer Services, has a chequered past with Indian tax authorities, having admitted its "mistake" in at least two cases of tax evasion.
This time, the linking of the Aadhaar number with of a taxpayer has been made mandatory for filing of an ITR, beginning July 1.
Book your tickets for this run-of-the-mill only if you are absurdly fine with the idea of watching your favorite actors reduced to uber-cool cliches.
The measures needed for implementing this new system would start rolling in few weeks, the minister added.
The Congress unit described Ramesh's suicide an outcome of "targeted harassment" of their rank and cadre to keep them away from the party.
The finance ministry on Friday informed a parliamentary committee that smuggling of fake currency has totally stopped post demonetisation and the tax department has seized Rs 515 crore in cash, including Rs 114 crore of new currency notes, up to January 10.
Of the people whose data the income tax department now has, email and SMS queries have been sent to 13 lakh people.
The Indian government has directed all air and seaports and the postal department to thoroughly check any cargo coming from Yemen and Somalia in the wake of detection of two American-bound parcel bombs sent from Yemen in an alleged Al Qaeda plot.
She was 'interrogated for hours by several officers with no attorney present' a few days later.
A business in India wanting access to maps and geospatial data would typically have to wait months before it got what it wanted. All this is set to change with the new guidelines on geospatial data, report Neha Alawadhi and Peerzada Abrar.
Delhi's power circles can expect a surprise when a not-so-known officer is appointed to head the CBI.
Around 2 lakh ducks will be killed in the Kuttanad area.
Though breast cancer is the most common cancer in women, but can rarely occur in males, because of the presence of mammary tissue in males.
A total of 27,920 people have been cured of the disease with 1,685 in the last 24 hours, taking the recovery rate to 34.06 per cent, the ministry said.
The Crime Branch and Delhi Police had earlier on December 11carried out raids at the office of his firm T&T Law and seized nearly Rs 13.5 crore, of which Rs 2.6 crore was in new banknotes released after demonetisation.
The Enforcement Directorate on Wednesday said it has arrested two persons in Chennai for alleged illegal exchange of Rs 6 crore in old notes "in connivance with" sand-mining baron J Sekhar Reddy as part of its money laundering probe post demonetisation.
From South Korean treats to internationally acclaimed series to home-grown delights, here are Sukanya Verma's favourite OTT shows of 2021.
As the Omicron strain spreads across the globe and questions on vaccine inequity dominate discussions, scientists are still scrambling to learn more about emerging variants of the deadly virus that has claimed millions of lives and crippled economies.
Authorities also said the recovery rate of COVID-19 patients was improving consistently in India and it was in a much better position in handling the pandemic, which has seen more than 63 lakh people testing positive for this virus since its emergence in China last December and over 3.7 lakh having lost their lives.
Mumbai-based oncologist Dr Shona Nag dispels the myths surrounding cancer.
The government, Jaitley said, is committed to detecting and preventing generation of black money
The National Cricket Academy, which has often been criticised for its handling of players' injuries, is set to get the help of a BCCI medical panel and a dedicated social media department as part of its overall revamp plan. The development comes after the criticism the NCA drew for the injury management of leading India players, including Wriddhiman Saha and more recently Bhuvneshwar Kumar. All-rounder Hardik Pandya and premium pacer Jasprit Bumrah added to the NCA's woes by choosing personal rehabilitation over recovering in Bengaluru.
The wildlife department has issued a bird flu alert in Kerala, a major consumer of poultry products from other states, in the wake of spread of the disease in West Bengal.
Admiral describes it as 'a path-breaking change'; defence ministry official disagrees.
A single burger served up in Dubai during a charity auction has fetched Rs 4.4 lakh ($7,000), breaking the record for highest price paid for the fast food.
Protests at this time when efforts are underway to strengthen the PLA and keep morale high would be worrying for the military leadership, observes Jayadeva Ranade, the retired senior RA&W officer and distinguished China expert.
While the numbers of fresh COVID cases and active cases are going up, the administration is focussing on testing, contact-tracing and treatment.
The IIT-Kanpur and Railways have jointly developed a device which could help detect any damage to or uprooting of the rail track and excess load in wagons of goods trains.
India is the fifth worst-hit nation by the COVID-19 pandemic after the United States, Brazil, Russia and the United Kingdom, according to data issued by the Johns Hopkins University.
Sources say bills were inflated by the company and not recorded correctly.
Given the urgency, the Indian Navy is buying 24 MH-60R Seahawks in flyaway condition, and plans to build another 99 in India through the strategic partnership route.
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.
Six Twitter accounts, having resemblance to the prime minister's official account 'PMOIndia', have been closed down after objectionable content was detected on these.
The Australian police believe it is a contract killing.
India previously rejected the US religious freedom report, saying it sees no locus standi for a foreign government to pronounce on the state of its citizens' constitutionally protected rights.
Two kinds of diagnostic tests are being currently used in India -- RT-PCR test and rapid antibodies test -- as per the global health norms.
While PNB did not name the other lenders, Union Bank of India, Allahabad Bank and Axis Bank are said to have offered credit based on letters of undertaking (LOUs) issued by PNB. Foreign bank branches too are under investigation.
Bodies of five of the deceased have been recovered so far, while efforts are on to find the remaining five persons, whose chances of survival are bleak, a police official said in Srinagar.
The necessary instrumentation will be installed by DOD within two years. The government has already sanctioned Rs 1,250 mn for the purpose.
