The ED is investigating Lodha after it booked him on criminal charges for his alleged involvement in two high-profile black money cases of illegal conversion of old notes post demonetisation.
About Rs 2,280 crore (Rs 22.80 billion) unaccounted income being allegedly routed through Private Placement Programme (PPP) has been detected by economic intelligence sleuths.
The court allowed the group to re-auction certain properties in Ajmer, Firozabad, Vellore, Tiruchirappalli and Ujjain for which the bidding was at a much higher price
Brokers also want tax rebates, removal of additional tax on dividends, streamlining of GST...
Senior officials say the government might come up with an incentive package for the SEZs following the release of Foreign Trade Policy.
Congress leaders have hit out at the BJP governments at the Centre and in Karnataka, questioning its timing.
A staggering $18 trillion worth unaccounted money is stashed in tax havens.
Financial Intelligence Unit data show many of these societies have become the biggest draw for laundering money. Subhomoy Bhattacharjee reports.
Right steps you can considerably reduce the tax outgo.
The cash was neatly packed in 94 packets and envelops on which the ward number, number of voters and the amount of Rs 300 per voter was written.
BJP spokesperson G V L Narasimhra Rao noted that Priyanka's husband Robert Vadra is accused of using "shady methods to make windfall profits from dubious real estate transactions" and said the report of her receiving Rs 2 crore from Kapoor for a painting which was not her own shows that the powerful couple have leveraged their political power to make "private gains".
While the virus out there meddling big-time with our lives, danger is lurking in our email boxes too.
"If the government wishes to target me, they should do so directly, not harass friends of my son who carry on their own businesses and have nothing to do with politics," he said in a statement shortly after reports of IT and ED searches on some premises connected with Karti's friends.
The government will investigate every Indian name appearing in an unprecedented leak of financial records, known as the 'Pandora Papers', which alleged that many world leaders have secret offshore stores of wealth.
While investing in PPF, investors must remember to put in the money at the right time to maximise the return they earn from it.
Aadhaar, says former UIDAI chairman Nandan Nilekani, has followed 'all the design principles laid by the Supreme Court.'
Yadav said all parties have joined hands against the BJP in the Bihar assembly, and added "now this is going to be replicated across the whole country".
A senior official said CBDT has inputs that a number of these companies possibly indulged in tax crimes and once this is established, the department will initiate action against them for indulging in money laundering and tax evasion.
A summary of sports events and sports persons, who made news on Wednesday
Officials said the agency placed the seven, including the relative of a government official, under arrest on Monday under provisions of the Prevention of Money Laundering Act.
In the search, Rs 60 crore were found in 20 accounts of as many shell companies, an official said, adding the I-T team was scanning the records to trace the directors of these companies.
India Inc reacted cautiously to allegations on Swiss a/cs.
This amendment is proposed to be made retrospectively effective from FY16 onwards.
Government on Monday formed a multi-agency group to monitor exposes in this regard and vowed to take action against all "unlawful" accounts held abroad.
Kavitha attacked the BJP government at the Centre, alleging it of using the investigation agencies to target political parties and leaders who do not subscribe to its ideology.
Sitharaman also directed public sector bank heads to clear long pending vigilance cases against their officials for alleged malpractices.
Once again, tax demands on foreign investors cause worry.
Tax exemption for donations to Greenpeace may be withdrawn.
In April last year, tax authorities had questioned Deepak Kochhar over a Rs 405-crore investment by Accion Diversified Strategies Fund through its Mauritius subsidiary, DH Renewables Holding
The CBDT asks ministry of corporate affairs not to oppose its application to restore the companies struck off by the Registrar of Companies, as it would prevent the board from launching tax recovery proceedings against them.
The top companies with a striking gap in pay between the senior-most executives and median employees in 2017-2018 belonged mostly to sectors such as information technology, auto and engineering.
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