K V Chowdary, who is set to take over as the new Chief Vigilance Commissioner on Tuesday said he has full respect for both Prashant Bhushan and Ram Jethmalani, who have opposed his appointment to the top post in the country's apex anti-corruption watchdog.
Make sure you read the policy wording. Some policies cover pre-existing diseases while others don't. Many need a minimum 24-hour hospitalisation, advises Bindisha Sarang.
Mumbai police is likely to take assistance of the Income Tax department and the Enforcement Directorate for probe into the disproportionate assets case involving senior Congress leader Kripashankar Singh, his family members and aides.
Portfolio investors based out of the US and other countries with which India does not have favourable tax treaties will have to pay a 15 per cent tax on their derivative transactions, after the Budget decided to classify income from all foreign portfolio investment as capital gains.
The department has started to prepare the knowledge portal which will be fully equipped with the best orders, practices and write-ups on various legal issues arising out of the Income-Tax Act. Officials working in various I-T Directorates across the country have been asked to contribute their experiences, knowledge and dealings on any selected topic in the form of a synopsis.
The Income Tax department will hold public meetings every Wednesday to resolve taxpayers grievances and tax issues as part of the 'Good Governance' initiative mooted by Prime Minister Narendra Modi.
It said the searches that were launched on July 22 in nine cities like Bhopal, Indore, Delhi, Ahmedabad, Noida and some others are "continuing and further investigations are in progress."
The Bharatiya Janata Party today asked Congress to come clean on reports alleging that close associates of a former Union minister and a Congress vice president were beneficiaries of the bribes paid in the VVIP chopper deal.
Equity investors should thank cash-rich biggies such as TCS, ITC, HUL, Nestl, and Bajaj Auto for this.
The Mukerjis and their friends cheer for Ajay Devgn!
Duty cut on raw material imports are not likely.
The entire operation was meant to have a chilling effect on independent journalists, those not completely subservient to the regime, the small section still doing what the Fourth Estate should do -- raising questions to those in power.
Speaking to media persons after a team of Central Bureau of Investigation, Income Tax and Enforcement Directorate left his Kamaraj Lane residence in New Delhi, Kalmadi said: "I welcome the investigations. I would fully cooperate with the agency. Those documents, which they have not been able to locate, would be traced and handed over the agency."
The Central Bureau of Investigation on Monday arrested Income Tax Commissioner Daya Shankar in Mumbai for allegedly accepting a bribe of Rs two lakh from a private company for passing a favourable order in an appeal matter.
Over Rs 2 crore was on Friday seized allegedly from a car owned by the younger brother of an independent Rajya Sabha candidate. "The cash was seized near Rampur haat under Namkum police station between 6.30 am and 7 am from the car," said Income Tax department's Jharkhand Director Ajay Kumar. "The car belongs to Suresh Agarwal, the younger brother of (independent RS candidate) R K Agarwal, while the cash came from his relative Praskash Khemani's place at Jamshedpur," he added
The agency on Friday also carried out searches on the premises of the Gitanjali Group at 20 places in Mumbai, Pune, Surat, Jaipur, Hyderabad and Coimbatore.
The Congress is gearing up to demonstrate a political show of strength on Monday when the party leader Rahul Gandhi will appear before the Enforcement Directorate (ED) in connection in connection with a money laundering case linked to the National Herald newspaper.
The specialised wing -- Directorate of Criminal Investigation (Income Tax) -- will be manned by hand-picked officers who are experts in financial and forensic investigations.
The life insurance industry reported a 25.28 per cent decline in new business premium income in November 2023 to Rs 26,494.83 crore from Rs 34,588.8 crore recorded a year ago. The fall in group premium and change in taxation norms for policies with a higher ticket size dragged the premiums of the state-run Life Insurance Corporation of India (LIC) and private insurers, respectively. According to the data released by the Life Insurance Council, the premium of private insurers slipped 9.33 per cent Y-o-Y to Rs 10,360.29 crore from Rs 11,426.73 crore as a result of a change in product mix due to the measures taken to counter the impact of tax imposed on the premiums of Rs 5 lakh.
The Income Tax (I-T) Department has embarked on a plan to create a national data centre to facilitate a management information systems-based, real-time analysis of data for quick and effective decision making.
Burman had sought permission to travel to Dubai from May 3-7.
Senior Congress leader Kishore Chandra Deo, who headed a parliamentary panel that probed the 2008 'cash-for-votes' scam allegedly involving some members of the Lok Sabha, on Thursday said there cannot be any inquiry on the basis of "so-called" cable leak as its authenticity has to be verified
While planning significant consolidation of its vast expanse of business in the next five years, the Rs 17,000-crore (rs 170 billion) Indian Farmers Fertilizer Cooperative Ltd (Iffco) has demanded "physical support by the government" through excise and Customs exemptions and income tax holidays.
Amid charges of black money playing a part in the IPL, Sports Ministry has asked the Finance Ministry to order an expeditious probe into it.
Raj Kundra's stake in the franchise is legally questionable. The Income Tax department and Enforcement Directorate the two agencies investigating the Indian Premier League franchisees -- have come across a web of transactions that violated FIPB and RBI guidelines.
The agency recorded his statement under criminal sections of the Prevention of Money Laundering Act (PMLA), officials said.
Official sources said on Wednesday, that the "source probe" commenced after a controversy broke out this week over the share holding patterns of the a consortium led by Rendezvous which bagged IPL's Kochi franchise. The probe is only to determine the source of funds though there is no specific input that fuelled suspicions, the sources said.
The Income Tax department and Enforcement Directorate have been asked by the government to pull up their socks and expedite disposal of cases related to terror financing in various parts of the country.
Air India had stopped the practice of issuing tickets on credit to government agencies for the travel of their officials in December last year because of accruing pending bills.
AAP alleged that the BJP had struck a deal with the "conman sitting in Tihar''.
It proposes to bring down the corporate tax from the current 35 per cent to 15 per cent, significantly lower individual tax rates, and eliminate several tax rates like the death tax.
Rashtriya Janata Dal chief Lalu Prasad on Monday declined to comment on the ongoing probe into the alleged hawala transactions and investments involving former Jharkhand chief minister Madhu Koda. "I will not comment as the topmost investigating agencies, the Enforcement Directorate and the Income Tax Department, are conducting their probe. The media should not be a police officer nor is it competent (to reach conclusions)," Prasad told reporters.
Former Jharkhand Chief Minister Madhu Koda, against whom the Enforcement Directorate and the Income Tax Department are investigating money laundering charges, will not be discharged from hospital on Saturday, as he has an upset stomach. Koda got himself admitted to the hospital on complaints of stomach pain on November 3, after the launch of Income Tax raids on his residence in connection with alleged hawala transactions and illegal investments, amounting to Rs 2000 crore.
The country-wide raids by the Income Tax teams on properties allegedly owned by former Jharkhand chief minister Madhu Koda and his associates continued for the second day on Sunday.
The searches, which began at 9:30 am, were carried out after the Enforcement Directorate registered a case against 38-year-old Koda for alleged money laundering and diversion of state funds.
More than Rs 8 crore unaccounted cash has been seized in subsequent raids at various locations by Lokayukta. The arrested officer's father is Madal Virupakshappa, the MLA representing Channagiri constituency in Davangere district of the state.
Capital gains exemption limit and a steep reduction in the highest surcharge will empower the masses with enhanced liquidity flow that can be invested in real estate, points out Dhaval Ajmera.
He said the new short-term treasury bills will be part of the government's same borrowing programme. To meet its burgeoning expenditure, necessitated by the slowing down economy, the government has pegged its market borrowing at over Rs 4.5 lakh crore (Rs 4.5 trillion) for the current fiscal, bulk of which is being raised in the first half.
Reliance Industries chairman Mukesh Ambani might have made news for purchasing the most expensive beach-side villa in Dubai recently, but he is not the only Indian eyeing the city for investment. Since Dubai allowed foreign investors full ownership in specific sectors in June 2021, a horde of Indian companies have moved or expanded into the desert city. The list even includes a kindergarten, an elementary and middle school, and a hotel that has sought 100 per cent ownership.
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