Speculation is rife that the Centre can take draconian steps such as mandatory e-passbooks for all real estate holdings and compulsory checking of every single safe deposit vault.
The government managed to raise revenues by sending notices to high net individuals to did not file I-T returns last year.
PAN could be used by the probe agencies.
Coordination between defence and civilian authorities has freed up airspace for commercial airlines in India, resulting in routes becoming shorter and costs coming down, apart from mitigating pollution. "Due to various restrictions of the military, only about 58 per cent of the Indian airspace was being utilised. It is close to 70 per cent now," said an official of the Airports Authority of India (AAI). Officials of the AAI said to date 119 routes had been shortened. Sources said since December 2020 the cumulative savings of airlines had been close to Rs 200 crore while there was a reduction in emission of around 45,000 tonnes of carbon.
The retired Karnataka high court judge is frail but sharp as a tack is a staunch disbeliever of Aadhaar, saying all it does is replace other forms of identification.
Finance minister Arun Jaitley had recently sent a delegation to Switzerland and the members had returned with some positive movement.
India abstained from a procedural vote taken in the United Nations Security Council to call for a rare special emergency session of the UN General Assembly on Russia's aggression against Ukraine, even as New Delhi welcomed Moscow and Kyiv's decision to hold talks at the Belarus border.
Not doing so might mean a penalty, not being able to revise returns or carry forward losses and forfeiture of interest on refund
Here's why consumers are shifting to large brands.
'We must work towards a society that doesn't require Black players to prove their value or place in society only through victory. Ultimately everyone on the England team should be so proud of their achievement and how they represented us.'
The Supreme Court-appointed Special Investigations Team on black money has also proposed that holding more than Rs 15 lakh in cash be made illegal for individuals and for companies, report Tinesh Bhasin and Sanjay Kumar Singh.
EPFO is also contemplating providing permanent or universal account number to it all active members by October this year.
Dhananjaya Y Chandrachud, however, had no qualms about overturning the judgements of father Y V Chandrachud on hot- button issues like adultery and the right to privacy.
India's national security focus has shifted from the western border to the eastern one. But our trade with China keeps rising. This trade is against our interest, because most of it comprises of Chinese imports, argues Aakar Patel.
'The people who stay with us were not born orphans; they have been abandoned.'
"Defaulters are advised to pay tax arrears immediately," said the notice.
Sibal said the party will certainly move the court if amendments in the Aadhaar Act to be brought after this verdict are not brought in Rajya Sabha for discussion.
The majority have stayed away from getting into cash handling.
The bench also sought a report about an inquiry made on the issue.
With big data analyses, your investments, spends and big purchases are being tracked more closely now by the income tax department.
Some of the policy measures announced are expected to go a long way in removing current challenges on financing faced by businesses and also increasing economic activity, especially in areas of construction and manufacturing.
Only the future will tell if Modi can leave his mark on the Ukraine crisis. Nonetheless, it is both a challenge and an opportunity for India's diplomacy, notes Rup Narayan Das.
'If this first instalment of advance tax is paid by June 30, instead of June 15, then the interest on delayed payment will be levied at 0.75% per month instead of 1% per month,' notes Homi Mistry, a partner with Deloitte India.
Grand plan: 10% GDP growth; 175 million jobs; $10-trillion economy
While Sahara maintains it has already repaid more than 93 per cent of the outstanding dues directly to the concerned bondholders and the remaining amount was just about Rs 2,500 crore (Rs 25 billion), it deposited Rs 5,120 crore (Rs 51.2 billion) to Sebi in December 2012 towards the investor refunds as per Supreme Court orders.
Changes in threshold not to have a significant revenue impact, say officials
EPF has traditionally been the only tool for Indians, especially the salaried class, to save for their retirement corpus.
Twitter received 94 grievances and 'actioned' 133 URLs between May 26 and June 25, the microblogging platform said in its maiden monthly compliance report as mandated by the IT rules.
"I am saddened, however, that there is a small, handful of members that seem to be still tolerating the war," Sergiy Kyslytsya said after the Security Council voted on the United States-led draft resolution.
Mihir Tanna, Associate Director, S K Patodia & Associates, answers your tax queries.
The recently approved government scheme provides both liquidity and returns.
'Wherever in the world there is political instability, those countries are beset with severe crises today. But India is in a much better position than the rest of the world due to the decisions taken by my government in the national interest,' President Droupadi Murmu said in her address to both Houses of Parliament.
AAdhar cannot be successful unless there is proper coordination at the helm.
It's time we dispensed with the paper trail and shifted all labour law paper, workflows and permissions online.
Ensure the employer has all relevant documents. Else, your pay will take a serious hit in the next two months.
Good monsoon, farm loan waiver -- the two key reasons behind more customers in jewellery shops
The PM aso said said it was unfortunate that the UN was still unable to define terrorism.
As of now, 12 million Indians join the workforce every year.
S&P Global Ratings on Wednesday said the second wave of COVID infections poses downside risks to India's GDP and heightens the possibility of business disruptions. The second wave brings in uncertainty and a drawn-out COVID outbreak will impede India's recovery, it said.
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