The Income Tax department is probing tax evasion cases done through duplicate permanent account numbers, including over 100 cases detected by the Delhi Police.
In a twist in the family feud, Abhishek Lodha-run Macrotech Developers on Wednesday alleged younger brother Abhinandan's firm fabricated documents to misuse the company's brand name to further its business interests.
The Election Commission of India defends its Special Intensive Revision of electoral rolls in Bihar, stating it enhances election purity by removing ineligible voters. The commission addresses concerns about Aadhaar usage, emphasizing its limited role in identity verification during the SIR-2025 exercise.
New norms for issuance of PAN card requiring verification of original documents have been put on hold.
'Most tax notices arise not from wrongdoing, but from unintentional mismatch or ignorance.'
They don't just want better returns -- they're looking for global opportunities, more variety and smarter ways to grow their money, says Soubho Moulik, CEO, Appreciate.
Aadhaar-based e-KYC facility would allow individuals or entities wanting to apply for PAN to verify details such as date of birth or address by way of biometric identification using thumb impressions.
Women will have to wear hijab and have to be accompanied by a family member to enter the campus, according to the rules that came into effect on Friday.
A total of 1,162 essential documents have been distributed among 872 persons at the camp, the district administration in Wayanad said.
Tax evaders, BEWARE! The Income Tax department is using AI data analytics to bust fake deductions, flag HRA fraud, and trace digital footprints.
An Enforcement Directorate team undertaking searches in a cyber fraud linked money laundering case was allegedly attacked in New Delhi on Thursday, officials said.
"There is bound to be revision," the top court said, "otherwise, how will the poll panel delete the names of those who are dead, migrated or shifted to other constituencies?"
The Supreme Court on Wednesday put a poser as to why there was no objection from lawmakers on the government's decision to make Aadhaar mandatory for making PAN cards, a move which was given effect by the latest budget from July 1.
Mumbai police have informed a court that they need to conduct facial recognition of the Bangladeshi man arrested for allegedly stabbing Saif Ali Khan to ascertain if he is the person seen in CCTV footage. The accused, Shareeful Islam Shehzad Mohammad Rohilla Amin Fakir, has been remanded in police custody till January 29. The police are also seeking to match Fakir's footprints and recover the missing part of the knife used in the crime. Fakir's lawyers have opposed the police's plea, raising doubts about the credibility of the incident and arguing that the remand of the accused is not required to recover the material.
Credit card payments for foreign travel will be brought under the purview of the Liberalised Remittance Scheme (LRS) of the Reserve Bank, to ensure that such expenses do not escape TCS (Tax Collection at Source). While moving the Finance Bill 2023 for consideration and passage in the Lok Sabha on Friday, Finance Minister Nirmala Sitharaman said the Reserve Bank has been asked to look into ways to bring credit card payments on foreign tours under the LRS. "It has been represented that payments for foreign tours through a credit card are not being captured under the Liberalised Remittance Scheme (LRS) and such payments escape tax collection at source (TCS)," she said.
The tax department is on a spree to ensure more taxpayers in the country use the PAN card.
Jewelers also want import duty on gold to be reduced from the current 10 per cent to at least 5 per cent.
It also said that PAN card without Aadhaar number would not be treated invalid till the Constitution bench decides the larger issue of Right to Privacy.
The permanant account number (PAN) will be the sole identification number for all stock market transactions from July 2, 2007.
They said the Left party is consulting its lawyers to challenge the notice of the tax authorities.
This is important because he is to be seen as a sure winner before criss-crossing the state to campaign for candidates of the party or an alliance, highlights N Sathiya Moorthy.
Targets should avoid panicking and hang up. 'Disconnecting stops the scammers from building psychological pressure.'
The project is expected to be activated by the end of this month.
FM Arun Jaitley says I-T dept's capacity to access information and apply technology driven analytical tools to expose evasion has been enhanced
Through a notification, the CBDT amended Income Tax rules and inserted Rule 114AAA, stipulating the manner of making permanent account number inoperative.
The link requires a person to punch in his PAN number, Aadhaar number and the exact name as given in the Aadhaar card.
His new nameplate now reads 'Eknath Gangubai Sambhaji Shinde'.
In an yet another passenger-friendly move, the ministry of railways has decided to accept credit cards issued by banks with laminated photograph as proof of identity for traveling on e-tickets.
Be ready to mandatorily flash your PAN card, for any purchase of jewellery worth Rs 5 lakh (Rs 500,000) or more from Friday -- a move that would help the tax department keep an eye on such high value transactions.
Lieutenant General Shakti Gurung deserves to be complimented in telling his life story and that of his people, as subaltern communities within this vast and diverse nation of ours clamour for recognition and a plea for their voices to be heard and their aspirations to be met, notes Lieutenant General Gautam Moorthy.
...the DMK chief minister's campaign -- which includes criticism of the BJP's 'pro-Hindutva, anti-Tamil, anti-federal' policies and building on his own government's social welfare programmes targeting especially women and youth -- appeals to Tamil Nadu's voters in next year's assembly election, explains N Sathiya Moorthy.
The Income Tax department and the Unique Identification Authority of India have agreed "in-principle" to come together for rolling out PAN cards with unique 16 digit Aadhaar number.
CBDT recently lowered threshold for this to Rs 8,333 a month. If you don't furnish this, a higher tax will be deducted at source from your income.
A massive data breach that has implications for national security was unearthed by the Cyberabad Police in Hyderabad, who arrested seven people of a gang allegedly involved in the theft and sale of sensitive data of the government and important organisations, including details of defence personnel as well as the personal and confidential data of about 16.8 crore citizens.
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