News for 'Directorate of Income Tax'

Selfiee Review: License To Drive Crazy

Selfiee Review: License To Drive Crazy

Rediff.com24 Feb 2023

Malayalam cinema isn't the same as Telugu or Tamil, but Bollywood's blanket approach fails to see the distinction in Selfiee, observes Sukanya Verma.

2021: How to organise your financial documents

2021: How to organise your financial documents

Rediff.com5 Jan 2021

The trick is to know how long you are supposed to hold which document, observes Bindisha Sarang.

I-T summons Lalu's daughter and husband in benami land case

I-T summons Lalu's daughter and husband in benami land case

Rediff.com24 May 2017

The development followed the arrest of chartered accountant Rajesh Kumar Agrawal by the ED.

I-T search on MCX offices

I-T search on MCX offices

Rediff.com20 Jun 2007

MCX deputy managing director Joseph Massey said it was a "routine investigation" by the IT department at the exchange.

Shiv Sena's Anil Parab latest Maharashtra minister to face ED's money laundering probe

Shiv Sena's Anil Parab latest Maharashtra minister to face ED's money laundering probe

Rediff.com26 May 2022

The Enforcement Directorate on Thursday raided multiple locations in Maharashtra as part of a money laundering probe against state transport minister Anil Parab and others linked to alleged irregularities in a land deal in coastal Dapoli area of Ratnagiri district and other charges, officials said.

HFCL promoters part ways

HFCL promoters part ways

Rediff.com14 May 2007

Himachal Futuristic Communications Ltd (HFCL) made it public that its key promoters - Mahendra Nahata and his nephew Vinay Maloo - had parted ways.

PMLA case: ED summons Maharashtra minister Parab for questioning on Wednesday

PMLA case: ED summons Maharashtra minister Parab for questioning on Wednesday

Rediff.com15 Jun 2022

The federal agency wants to question and record Parab's statement under the Prevention of Money Laundering Act, they said.

Rotomac owner Vikram Kothari arrested over Rs 3,695 crore loan default

Rotomac owner Vikram Kothari arrested over Rs 3,695 crore loan default

Rediff.com22 Feb 2018

The CBI has initiated the action on the complaint of Bank of Baroda, which was a member of consortium led by Bank of India, which had approached the agency fearing that Kothari may flee the country like Nirav Modi and his uncle Mehul Choksi.

FM, RBI to discuss banning PNs

FM, RBI to discuss banning PNs

Rediff.com4 Mar 2006

Not the time for long-term fixed deposits

Not the time for long-term fixed deposits

Rediff.com15 Oct 2020

If you invest for the shorter-term now, you will be able to roll over to higher rates when the interest-rate cycle turns, advises Sarbajeet K Sen.

India's richest 1% own more than 40% of total wealth: Oxfam

India's richest 1% own more than 40% of total wealth: Oxfam

Rediff.com16 Jan 2023

The richest one per cent in India now own more than 40 per cent of the country's total wealth, while the bottom half of the population together share just 3 per cent of wealth, a new study showed on Monday.

Unique ID numbers can be the solution: Bhave

Unique ID numbers can be the solution: Bhave

Rediff.com17 Dec 2005

We need to see if some system-level changes have to be brought about to eliminate the incentives that exist for multiple applications

BSE taking steps to curb illegal money flow into penny stocks

BSE taking steps to curb illegal money flow into penny stocks

Rediff.com10 Jul 2016

India's oldest stock exchange has created weekly, monthly, quarterly and annual price bands

ED issues fresh summons to Rahul Gandhi for June 13

ED issues fresh summons to Rahul Gandhi for June 13

Rediff.com3 Jun 2022

The case pertains to the ED probe into the alleged financial irregularities in the party-promoted Young Indian that owns the National Herald newspaper.

ED summons to Sonia, Rahul: Not afraid, won't bow down, says Congress

ED summons to Sonia, Rahul: Not afraid, won't bow down, says Congress

Rediff.com1 Jun 2022

Congress leaders Abhishek Manu Singhvi and Randeep Surjewala said party president Sonia Gandhi has been summoned by the ED for questioning in a money laundering case linked to the National Herald newspaper on June 8, and she was determined to appear before the agency as she has nothing to hide.

I-T dept collects over Rs 3,500 crore from non-filers

I-T dept collects over Rs 3,500 crore from non-filers

Rediff.com24 Mar 2015

The I-T department expects that some more revenue would be garnered.

What Does Ranjan Pai's Re-Entry Mean For Byju's?

What Does Ranjan Pai's Re-Entry Mean For Byju's?

Rediff.com1 Dec 2023

'Considering Pai is putting his own personal money in Byju's, stakeholders in the company can look forward to more governance and transparency.'

New dividend tax to hurt Premji, Mukesh Ambani the most

New dividend tax to hurt Premji, Mukesh Ambani the most

Rediff.com2 Mar 2016

Additional levy to eat into Rs 6,000-crore income of top promoters

ED takes Shivakumar to Tuglak Road police station

ED takes Shivakumar to Tuglak Road police station

Rediff.com13 Sep 2019

Shivakumar, who is in ED's custody since September 3 in connection with a money laundering case, was earlier taken to the Ram Manohar Lohia hospital on Thursday.

Cop who exposed VIP treatment given to Sasikala in jail served notice

Cop who exposed VIP treatment given to Sasikala in jail served notice

Rediff.com27 Jul 2017

Roopa had alleged that Rs 2 crore had exchanged hands to provide special facilities to Sasikala.

Top officials booked for corruption

Top officials booked for corruption

Rediff.com3 Feb 2005

A total of 194 people were booked after raids on some 249 places all over the country.

15 customs, central excise officers sacked on corruption charges

15 customs, central excise officers sacked on corruption charges

Rediff.com18 Jun 2019

The government has sacked these officers ranging from the ranks of principal commissioner to assistant commissioner, some of whom were already under suspension.

The raids continue and money keeps spilling out

The raids continue and money keeps spilling out

Rediff.com22 Dec 2016

Demonetisation was aimed at removing black money and corruption, but undisclosed income keeps being unearthed from various parts of the country.

Kashmiri separatist leader Syed Ali Geelani dies

Kashmiri separatist leader Syed Ali Geelani dies

Rediff.com2 Sep 2021

Geelani, who was a member of banned Jamaat-e-Islami and chairman of hardline Hurriyat Conference, had been suffering from various ailments for nearly last two decades.

CBI, ED turn to tech-driven investigations to nail offenders amid Covid-19

CBI, ED turn to tech-driven investigations to nail offenders amid Covid-19

Rediff.com26 May 2021

The two central premier investigative agencies - Central Bureau of Investigation and Enforcement Directorate - have asked their officials to focus more on digital evidence, e-forums and social media to crack down on offenders. These are a crucial part of prosecution amid the second wave of the pandemic. The Income Tax Department is going full throttle on data analytics to issue notices in time-bound cases. Further, sleuths have been given electronic devices including laptops with secure connections, which keep data encrypted and inaccessible.

Street cheers end of tax terror

Street cheers end of tax terror

Rediff.com5 Oct 2015

The adjustment orders for AY2012, are expected between January and March 2016.

How the wealth of India's richest can make a difference

How the wealth of India's richest can make a difference

Rediff.com16 Jan 2023

The richest one per cent in India now own more than 40 per cent of the country's total wealth, while the bottom half of the population together share just 3 per cent of wealth, a new study showed on Monday. Releasing the India supplement of its annual inequality report on the first day of the World Economic Forum Annual Meeting in Davos, rights group Oxfam International said that taxing India's ten-richest at 5 per cent can fetch entire money to bring children back to school. "A one-off tax on unrealized gains from 2017-2021 on just one billionaire, Gautam Adani, could have raised Rs 1.79 lakh crore, enough to employ more than five million Indian primary school teachers for a year," it added.

'No shell company in Mauritius; Hindenburg allegations false, baseless'

'No shell company in Mauritius; Hindenburg allegations false, baseless'

Rediff.com10 May 2023

In a boost to the embattled Adani Group, Mauritian Financial Services Minister Mahen Kumar Seeruttun has told the nation's Parliament that Hindenburg Research's allegations of the presence of 'shell' companies in the Island nation are 'false and baseless' and that Mauritius was in compliance with OECD-mandated tax rules. US short seller Hindenburg on January 24 alleged that billionaire Gautam Adani used shell companies based in Mauritius to manipulate stock prices of his Indian-listed companies.

Why investing in annuity makes no sense

Why investing in annuity makes no sense

Rediff.com7 Mar 2016

Retirees have better options that offer liquidity, better returns and are more tax-efficient.

Want your insurance queries answered?

Want your insurance queries answered?

Rediff.com12 Mar 2021

Roopam Asthana, CEO and the whole-time director, Liberty General Insurance Ltd, will answer your queries on HEALTH and AUTO insurance.

CBI arrests IT Tribunal Commissioner Meena

CBI arrests IT Tribunal Commissioner Meena

Rediff.com1 Oct 2005

CBI have registered a disproportionate assets case against Meena, an IRS officer of 1977 batch, and claimed to have recovered so far cash of Rs 16 lakh from his possession, sources said.

I-T dept shouldn't lose sight of domestic black money: Jaitley

I-T dept shouldn't lose sight of domestic black money: Jaitley

Rediff.com30 Oct 2014

The minister was speaking at a review meeting of Principal Chief Commissioners, Principal Directors General, Chief Commissioners of I-T in New Delhi on Thursday in order to assess the revenue collection target for 2014-15 fiscal.

Everyone Must Create An Emergency Corpus

Everyone Must Create An Emergency Corpus

Rediff.com11 Apr 2023

'Set aside around six months' monthly expenses for emergencies.' 'Keep this money in safe and liquid options, such as liquid funds and fixed deposits.'

Govt to procure 200K-tonne onions amid farmer protest

Govt to procure 200K-tonne onions amid farmer protest

Rediff.com23 Aug 2023

Barely days after imposing a 40 per cent export tax on onions to cool down soaring prices, which, in turn, triggered widespread protests across the main growing belts, the Centre on Tuesday sought to mitigate both political and economic tensions gripping parts of Maharashtra. It decided to procure an additional 200,000 tonnes of onions at Rs 2,410 per quintal for its buffer stock from farmers, a rate that is strikingly close to the price at which they were being exported before the 40 per cent duty was levied on August 19. The export price before the imposition of the duty stood at around $320 per tonne free on board (approximately Rs 2,650 per quintal).

ED raids Vadra aides in graft probe related to defence deals

ED raids Vadra aides in graft probe related to defence deals

Rediff.com7 Dec 2018

This is for the first time that Vadra's associates have been linked to alleged commissions received in defence deals by the ED.

Rs 1 crore in new notes seized in Maha, Chandigarh

Rs 1 crore in new notes seized in Maha, Chandigarh

Rediff.com19 Dec 2016

Six people have been detained in various raids.

Gutka scam: CBI raids residences of Tamil Nadu health minister, DGP

Gutka scam: CBI raids residences of Tamil Nadu health minister, DGP

Rediff.com5 Sep 2018

This is perhaps for the first time the CBI raided a serving police chief of a state.

Will Indrani nail Chidambaram?

Will Indrani nail Chidambaram?

Rediff.com7 Feb 2019

On Thursday, Indrani will be obligated to change into the green uniform sari she receives visitors in, as per jail rules, and meet the gentlemen from the income tax department. She may also at some point on Thursday video conference with Delhi in the INX Media-Karti Chidambaram case where she might become an approver.

Raids continue, currency worth crores dug up

Raids continue, currency worth crores dug up

Rediff.com24 Dec 2016

Authorities on Saturday continued to dig up currency to the tune of lakhs of rupees, including in new notes, across the country.