'This mega corruption scandal, as certified by the Supreme Court, will expose the unholy nexus between the BJP and its corrupt corporate masters'
Former Chief Justice of India Justice Handyala Lakshminarayanaswamy Dattu was on Tuesday selected as the next Chairperson of the National Human Rights Commission.
India Inc reacted cautiously to allegations on Swiss a/cs.
The government managed to raise revenues by sending notices to high net individuals to did not file I-T returns last year.
'The corporate tax cuts will obviously result in lower tax payments by companies,' says Central Board of Direct Taxes member Akhilesh Ranjan who retires after 37 years in government service.
Roopa had alleged that Rs 2 crore had exchanged hands to provide special facilities to Sasikala.
The Central Bureau of Investigation has informed Supreme Court that it has "so far" not found any criminality in the 14 preliminary enquiries registered on the basis of intercepted conversations of corporate lobbyist Niira Radia.
Payment for imports do not require these two forms.
But, majority might be left out, as only those investing in entities recognised by the government could qualify
The Securities and Exchange Board of India (Sebi) has proposed new regulations to deal with suspicious trading activities-a move that will empower the market watchdog to go after entities making unusual profits without any fundamental basis. The regulator has issued a discussion paper, inviting feedback on the draft of the Sebi (Prohibition of Unexplained Suspicious Trading Activities in the Securities Market) Regulations, 2023, which are aimed at curbing front-running, use of mule accounts, pump and dump schemes, and misuse of social media influencers. Currently, Sebi's Prohibition of Fraudulent and Unfair Trade Practices (PFUTP) and Prohibition of Insider Trading (PIT) Regulations deal with such activities.
Burman had sought permission to travel to Dubai from May 3-7.
Income Tax dept will launch over 100 fresh prosecution complaints.
The list includes Gautam Adani's brother Vinod Adani among others.
The regulations will only apply to the share purchases that have been done after October 1, 2004
Justice Yashwant Varma issued notice on the challenge to the CIC order by the Income Tax Authority and sought the stand of the RTI applicant Girish Mittal, saying that "the matter requires consideration."
Go cashless. Go clean, say I=T to people.
In a major crackdown on domestic shell companies, the government on Friday decided to take "harsh punitive" action, including freezing of their bank accounts used to launder money or evade taxes.
Exemption limits, standard deduction on radar.
The Centre received 5.59 lakh public grievances against various government departments in the first half of this year, with the Department of Financial Services (DFS) getting most of such complaints, according to an official report.
The CBI had registered a preliminary enquiry in 2016 which was later converted into a regular case, they added.
The government may be waiting for the outcome of an arbitration initiated against its levy of Rs 10,247 crore retrospective tax on UK's Cairn Energy Plc before deciding on appealing against losing a tax case against Vodafone Group, sources said. An international arbitral tribunal is expected to give a decree within next few days on Cairn Energy Plc's challenge to the Indian government seeking Rs 10,247 crore in retrospective taxes. If the arbitration award in the Cairn cases goes against India, the government has to pay the British firm over Rs 7,600 crore to reverse the dividend and tax refund it had ceased and shares it sold to recover part of the tax demand.
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The Union government's offer of settling the retrospective taxation case with Cairn Energy may hinge on Vedanta withdrawing the ongoing arbitration from the Singapore Tribunal on the same issue. The government has offered to refund Cairn Energy Rs 7,900 crore that it had collected under the retrospective tax demand on fulfilment of certain conditions, including withdrawal of pending litigation and furnishing of an undertaking to the effect that no claim for cost, damages, interest, etc., would be filed. This condition is also part of the Taxation Laws (Amendment) Bill, 2021, passed by Parliament recently.
Under Section 80D, you can avail of deduction on payment made towards preventive health check-ups.
This is perhaps for the first time the CBI raided a serving police chief of a state.
It had declined by slightly over 4 per cent in December. The city contributes 37 per cent to the total direct tax revenues. If the trend continues, it could affect the Budget estimates of Rs 13 trillion for the current fiscal year.
Database to contain taxable financial transactions and history of any tax-paying individual.
The Delhi High Court on Thursday asked the Income Tax (IT) department to take a decision on the offer of Finnish mobile maker Nokia to pay a minimum deposit of Rs 2,250 crore (Rs 22.50 billion) to it towards the tax liability of the company which is nearly Rs 6,500 crore (Rs 65 billion).
Even if you don't come in the filing bracket, it is the only way to claim refunds, get visa to some countries.
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This is the third meeting between the two parties, including one in which the Company Law Board had taken part.
Later, he joined Ericsson India where he handled corporate affairs and communication.
I-T department is investigating 20 listed companies suspected to have falsely claimed long-term capital gains tax exemption
India's oldest stock exchange has created weekly, monthly, quarterly and annual price bands
The I-T department said NuPower's balance sheet did not substantiate the high premium paid by Singapore-based DH Renewables for its shares, and suspects it could be a case of round-tripping of unaccounted income by NuPower.
Purchase of three plots of land in Haryana in 2005-06 by Congress leader Sonia Gandhi's son-in-law Robert Vadra from a real estate agent is being probed along with a land deal made by his wife Priyanka Gandhi Vadra, the Enforcement Directorate (ED) claimed in a recently filed money laundering case charge sheet.
A bench comprising Justices Sanjiv Khanna and Dipankar Datta took note of the submissions of lawyer Prashant Bhushan, appearing for NGOs 'Common Cause' and the Centre for Public Interest Litigation, that the plea needed to be listed for hearing at the earliest.
The note guides taxman to avoid seeking voluminous details.
This is the first big move in the investigation of the British Virgin Islands list where the I-T department has found a significant amount of tax evasion.
'We have essentially tried to set out an agenda for the next five years and it, in essence, represents the political commitment to that agenda.'
The AAP will contest all the 90 assembly seats in Haryana on its own, but the Lok Sabha polls will be fought as part of the INDIA bloc, Kejriwal said.
Only 300 assessees came forward with disputed tax liabilities amounting to Rs 10,000 crore
