Sebi has also been asked to put in place a mechanism to monitor the beneficial owner of P-notes
The Supreme Court is scheduled to pronounce on Thursday its order on a batch of PILs on the recent Adani group shares crash triggered by the Hindenburg Research's fraud allegations.
rediffGURU Ashwini Dasgupta offers tips on how to navigate job interviews.
The Big Four accounting firms have increased the hiring of people from technology backgrounds in India amid an increased focus of clients on digital transformation, especially after the Covid-19 pandemic. EY India said that it has expanded its overall tech talent pool by 3x in the last three years across service lines including consulting, tax, assurance, and strategy & transactions. "Today over 50 per cent of our workforce is from STEM (science, technology, engineering and mathematics) and technology background," it said, adding that it continues to hire significantly in the areas of AI, cloud computing, data analytics and cybersecurity to help its clients in transformation.
'Alongside economic growth and the Asian century, stress has become an Asian caravan.' 'But stress doesn't arrive in one's country as invitation to taste exhaustion. It comes dressed as a challenge.' 'Its evangelists ask: Are you man enough to shoulder stress?' points out Shyam G Menon.
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.
If the finance minister's tax proposals have stimulated demand at all, it's for CAs, notes Kanika Datta.
Information gathered from a person's social media account will be matched with his or her declared income.
Congress president Mallikarjun Kharge on Monday launched the party's crowdfunding campaign in New Delhi, asking people to join the fight against unemployment and rising costs.
While the two-phased assembly polls voting has concluded in Assam, in West Bengal two phases have completed while four more remain.
The eight-member team will also put Chhota Rajan, Chhota Shakeel, Abu Salem and other underworld dons under the scanner.
Banks asked to maintain record of cash being ferried in these vehicles all the time
The crucial hearing on the PILs by a bench headed by Chief Justice D Y Chandrachud assumes significance in the wake of recent developments in which the Centre agreed to the apex court's proposal to set up a committee, likely to be headed by a former Supreme Court judge, to look into the regulatory regimes.
A fresh PIL was filed on Thursday in the Supreme Court seeking a probe by multiple central government agencies under the supervision of a panel or a former apex court judge against the Adani Group of companies following allegations of fraud and share price manipulation made by the US-based Hindenburg Research.
T N C Rajagopalan on the new year and new worries.
'These statements which you are telling me were never uttered from mosques on that day.' 'And if this had happened, I would have got the report as the chief secretary of J&K.'
Tax benefit on WFH expenses, regulatory clarity on cryptos figure high on their wish list.
The government has created a comprehensive budget with sharp focus on sustaining economic activity and investment but more clarity is needed on areas like taxation framework for adopting remote working on a long-term basis, IT body Nasscom said on Monday. The industry association noted that the IT/ITeS (Information Technology-enabled Services) industry has been a key driver of growth and jobs in 2020 and there is an opportunity to significantly accelerate it further. "For the IT sector, one of the biggest needs ahead of us is the development of future business models, with hybrid working becoming a reality. "We look forward for the government to provide clarity on providing a framework in direct taxes and indirect taxes for the industry to adopt WFH/remote working on a long-term basis," Nasscom said in a statement.
The Income Tax department are conducting raids at the Chinnakurli residence of Janata Dal-Secular leader and Karnataka Minor Irrigation Minister CS Puttaraju in Mandya
Dealers with turnover of Rs 2 crore and above covered; industry says threshold too low
The government has imposed anti-money laundering provisions on cryptocurrencies or virtual assets as it looks to tighten oversight of digital assets. In a gazette notification, the Finance Ministry said the anti-money laundering legislation has been applied to crypto trading, safekeeping and related financial services. After this, Indian crypto exchanges will have to report suspicious activity to the Financial Intelligence Unit India (FIU-IND).
These entities have facilitated illicit transactions worth thousands of crores of rupees over the past 2-3 years
"The emphasis is on making every rule, law, policy people-centric, and public-friendly. This is the use of the new governance model and the country is getting its results," Prime Minister Modi said while speaking at the launch of a platform for 'Transparent Taxation -- Honoring the Honest'.
Though startups find 17 mentions in the Budget speech of the finance minister, and have been promised tax exemptions, the reality is that only 2 per cent of the 4,648 applications received from startups for income tax exemption had been approved as of February 2019, according to an answer to a Parliament question. As India's startup space bubbles with activity - new, young players are tapping into opportunities opening up - there are local anti-portfolio stories circulating about investors missing opportunities in 'unicorns', or companies that have reached valuation of $ 1 billion, says Vandana Gombar.
Pro-Pakistan leader Syed Ali Shah Geelani's death has brought to an end a chapter of anti-India and separatist politics in Kashmir.
Authorities on Saturday continued to dig up currency to the tune of lakhs of rupees, including in new notes, across the country.
The sources said the taxman has initiated a country-wide operation to identify suspect bank accounts where huge cash deposits have been made post November 8.
This is the first time that this important nodal national agency for economic intelligence has obtained data on suspected offshore stash of Indians as, till now, such information was only received by the exclusive wing of the Central Board of Direct Taxes.
A K Bhattacharya digs into the yet-to-be-public report on ways to curb black money and finds out that Modi's next moves could include action on dabba trading, hawala, and education.
Database to contain taxable financial transactions and history of any tax-paying individual.
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.
These are obviously not 'organic' desertions but brought about under intense military pressure, post the 9/5 arrests. It seemed as if the party was being dismantled the same way it was brought into power!, notes Rana Banerji, who headed the Pakistan desk at RA&W, India's external intelligence agency.
I-T officials are also looking into the finances of candidates who contested state elections in Uttar Pradesh, Punjab, Gujarat, and Karnataka, reports Shrimi Choudhary.
Tightening its noose on those who do not pay taxes, the Income Tax Department has started sending letters to around 12 lakh assessees who are high spenders but do not file returns, a top finance ministry official said.
After sending notices to 1.21 million Permanent Account Number (PAN) cardholders who had not filed their income tax (I-T) returns, the I-T department has now identified another 2.17 million potential non-filers. It had already sent letters to 50,000 potential non-filers in the first batch.
Tax exemption for donations to Greenpeace may be withdrawn.
The seizure occurred during raids at eight premises of a group engaged in sand mining in Tamil Nadu.
Peeved over the silence of leaders of separatist groups, their factions in Pakistan and in occupied-Kashmir are making desperate attempts to foment trouble in Jammu and Kashmir by giving calls from across the border for 'bandhs' and strikes to mark the death anniversary of Mirwaiz Farooq and Abdul Gani Lone, officials said.
