Rise in raids on illicit drug manufacturing units, alongside arrests for the production, sale, or distribution of spurious or adulterated drugs.
The income tax department will share PAN and bank account details of any entity with 10 investigative and intelligence agencies, including the CBI and NIA, under the integrated counter-terrorism platform NATGRID, according to an official order.
If growth reverts to the pre-Covid level, a lot of people may have to temper their rosy optimism, points out Debashis Basu.
Officials are relying on both formal and informal methods for reaching non-filers.
The government in Budget 2017 has already mandated seeding of Aadhaar number with Permanent Account Number to avoid individuals using multiple PANs to evade taxes.
The Central Board of Direct Taxes has issued a notification expanding the list of documents admissible as proof of identity and address by including Aadhaar Card. Aadhaar is a 12-digit individual identification number issued by the Unique Identification Authority of India on behalf of the government of India.
The scheme is yet to take off.
They would intensify the protest if their concerns are not addressed in the Budget.
The Supreme Court on Tuesday cleared the hurdle for the release of activist Gautam Navlakha from Navi Mumbai's Taloja prison, where he is lodged in the Elgar Parishad-Maoist link case, by waiving the requirement of a solvency certificate for availing the benefit of house arrest.
The income-tax department may make a permanent account number (PAN) mandatory for cryptocurrency investors, in line with the demat account rules for stock market transactions, according to two people privy to the discussion. At present, disclosure of crypto holdings and related gains is voluntary. If tax authorities go ahead with the PAN mandate, crypto exchanges will have to furnish a statement of financial transactions (SFT) before the income-tax department.
Kanimozhi had challenged a Madras high court order which had refused to dismiss the petition against her.
PAN mandatory for service tax registration: Fin Min
Journalist Rana Ayyub rejected allegations on Friday that she "misused" donor funds raised in the wake of the Covid-19 pandemic, saying money-laundering charges levelled against her are "preposterous and wholly mala fide".
Agitating junior doctors in West Bengal continued their fast-unto-death for the third consecutive day on Monday, demanding justice for the rape and murder of a woman medic of the RG Kar hospital and workplace safety even as the state government remained silent to address their issues.
The e-filing website of the I-T department would now provide a facility to pre-validate bank account details.
United States President-elect Donald Trump on Tuesday announced the nomination of popular Fox News host and Army veteran Pete Hegseth, 44, as his defence secretary.
'Tenants who pay rent above the threshold limit must be extra cautious about TDS fillings.'
Earlier, Twitter, Facebook and YouTube removed a video of Trump in which he repeated unfounded claims that the election was stolen from him.
The government will soon launch a facility under which a Permanent Account Number card will be issued within 48 hours of applying.
Banks, cooperative banks and post offices will have to report to the tax department all cash deposits between April 1 to November 9, 2016.
'Many non-resident taxpayers faced issues in filing Form 10F since the portal didn't allow those who didn't have PAN to file the form.'
A single security lapse could lead to complete wipe out of your crypto assets in seconds, with no recovery in sight, warns Nikhil Sethi.
Social media behemoth Facebook on Friday said the account of former United States President Donald Trump will remain suspended for two years, and post that period it will re-assess the ban.
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.
The Income-Tax (I-T) department has issued around 8,000 notices to salaried employees, self-employed individuals, and companies who made significant donations to charitable trusts. The department suspects potential tax evasion, as records of these donations do not correspond with the income and expenses of those making them. Sandeep Bajaj, managing partner, PSL Advocates & Solicitors, says, "Notices were issued for donations made during the assessment years of 2017-18 through 2020-21."
DigiLocker, a government initiative for storing documents and verifying credentials online, is gradually replacing the need for paper.
The deadline extended till March 31, 2019.
The government has now made quoting of Aadhaar mandatory for filing income tax returns as well as obtaining a new PAN.
The credibility of the examination system has also come under question, they said.
India made it mandatory for customers to disclose their tax code, or Permanent Account Number (PAN), for purchases above Rs 200,000.
In a bid to check generation of domestic black money, the government will soon issue a notification making quoting of PAN mandatory for all cash transactions beyond Rs 200,000.
Their bank accounts have been frozen. State governments have been told to restrict sales and transfers of real estate assets these companies own.
Veena Mani reports.
'If someone fiddles us on our religion then we will pay back five times more to that person. We have proved that time and again.'
Tomar had discussed the two proposals with trade unions on June 24 and assured that the government will take at least two weeks to take a decision.
The Central Board of Direct Taxes is set to rationalise I-T rules.
The extension has been given as the government wanted to ensure that genuine beneficiaries who do not have an Aadhaar number are not denied benefits for the lack of the biometric identifier
EPFO has recently issued Universal PF Account Numbers for 4.17 crore contributing members.
'Trump's disregard for norms and institutions could prove very costly for America's social fabric.'
This is the first time a state is asking for PAN card for two-wheelers
