He was permanently absorbed into the ED cadre in 2014 and has headed some high-profile investigations into the 2G spectrum allocation case, the 2010 Commonwealth Games, the money laundering cases against former Union finance minister P Chidambaram and his son Karti Chidambaram, Andhra Pradesh chief minister Y S Jagan Mohan Reddy and former Jharkhand chief minister Madhu Koda, the Aircel Maxis and VVIP choppers case.
Close to 202,000 new entities have registered under the GST Network
The Pradhan Mantri MUDRA Yojana can lend between Rs 50,000-Rs 10 lakh to small entrepreneurs.
He also said GST will take about a year to stabilise.
Prime Minister Narendra Modi announced the financial inclusion scheme in his first Independence Day speech last year.
All goods and services have been put in slabs of 5%, 12%, 18% and 28%
MUDRA Bank will have a corpus of Rs 20,000 crore.
UK oil explorer Cairn Energy is facing a tax demand of Rs 10,247 crore and Vodafone over acquisition of 67% stake in the mobile business owned by Hutchison Whampoa in 2007
The department of financial services has decided to give banks commission, to ensure these accounts are kept active.
'I would have expected that, once firmly ensconced in the director's chair by 2:15 am, the not-director of the CBI would have called for pen and paper and hand-written a few clean chits.' 'Clean chits over Rafale; clean chits to the PM's secretary in the coal bribery case; a clean chit to Hasmukh Adhia on whatever claim Subramanian Swamy has cooked up about him...' says Mihir Sharma.
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.
The first Budget of Independent India was presented by R K Shanmukham Chetty on November 26, 1947.
It is possible that the final Budget architecture may be at variance with the comments.
The passage of the bill will pave the way for setting up of a GST council that will decide the tax rate, cess and surcharges.
Clarifying on reports that it cannot scrutinise tax returns of political parties, CBDT said: "There are enough provisions in the Income Tax Act to scrutinise the accounts of the political parties and these political parties are also subject to other provisions of income tax including filing of return."
It will be headed by Secretary, Department of Financial Services.
Gross NPA of PSBs at the end of March quarter stood at 5.20 per cent, against 5.63 per cent in December.
The compliance window is proposed to be open from June 1 to September 30, 2016 and the payment can be made within two months of declaration.
In a string of tweets and replies, Swamy also said that GST can be implemented only if the Supreme Court clears a petition on levy of entry tax
A corpus of Rs 20,000-30,000 crore is under consideration, to narrow the input tax credit cycle and facilitate their working capital requirements.
Petroleum Minister Dharmendra Pradhan's wish to levy indirect tax on petrol unlikely to be taken up
.jpg)
At the retreat, PSBs had suggested the government cut its stake in these entities to less than 51 per cent over a period of time and empower the boards of individual banks.
Maharashtra raises vehicle registration fee, Tamil Nadu ups entertainment tax
The insurance sector is going to get a big boost.
Allaying investor fears over the levy of long-term capital gains tax on share transfer in unlisted companies, the government on Friday said the move is only to target 'khoka' companies, and 'genuine investments' in start-ups and through FDI will be exempt.
In the policy banks, the government can have 100 per cent stake, McKinsey said.
The CBDT has begun the process of matching the deposits in accounts opened under the Pradhan Mantri Jan-Dhan Yojana (PMJDY), or Jan-Dhan accounts, with the profile of the depositors.
As part of the scrutiny, I-T department will initially issue 700,000 letters to those who have indulged in such transactions
The government on Tuesday said PPF will not be taxed on withdrawal and only the interest accrued on contributions to employee provident fund made after April 1 will be taxed.
635 declarations of illegal wealth were made in the 3-month compliance window.
The fiscal deficit rose primarily on the back of lower non-tax revenues, which came in at 60 per cent of full-year target, compared with 62.4 per cent for the same period last year.
'Significant reductions in the compliance obligations mean businesses earlier struggling to comply will now have enough time to prepare and comply within the extended timelines.'
GST Council has also reached consensus on the definition of revenue to compensate states for revenue loss
Since its rollout 13 months ago, the new indirect tax has yielded Rs 1 trillion only in in April 2018
Facing flak over its decision to impose tax at the time of withdrawal on 60 per cent of the contributions to Employees' Provident Fund, the government on Tuesday clarified that only interest accrued on 60 per cent contribution to EPF after April 1, 2016 will be taxed.
They will have to reply within 10 days to avoid any notice from the tax department or further enforcement action.
Experts of both the countries will meet by mid-September 2016 to further discuss the modalities for the reciprocal bilateral implementation of AEOI between India and Switzerland with a view to reaching an agreement at the earliest, possibly by the end of the year
The Centre is grappling with the question of its fiscal roadmap not only for this year but for 2018-19
Prime Minister also underlined the need for increasing the number of tax payers to 10 crore.
The Centre is against giving any shock in the first year of the rollout by bringing in new services.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances