Following the money and freezing anything unaccounted is the only way to set an example for others, suggests Debashis Basu.
According to experts, Bishnoi had been sulking since the Congress ignored him for the post of its Haryana unit chief during a revamp earlier this year.
PMO asked income-tax department to submit report on action taken against identified benami owners
Special Judge Arvind Kumar also directed him not to tamper with the evidence or influence witnesses and join the investigation as and when called by the investigating officer.
Those spending over Rs 2 lakh on foreign travel, incurring more than Rs 1 lakh electricity bills, or depositing over Rs 1 crore in current account will have to mandatorily file ITR even if their total income is below the taxable limit. The last date for filing has been extended to Nov 30 from Jul 31.
Deviya Rane said it is historic that no legislator (in Goa) has won consecutively so many times from the same seat.
It will bring down the cost of a second house because of tax benefits and price appreciation
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 action follows multiple summons issued by the ED against Raut, the latest being on July 27.
Provisions of long-term capitals gains tax is now applicable after only two years.
After Maharashtra, analysts expect more states like Karnataka and Haryana to slash stamp duty rates. However, analysts, do caution that it's still a long road to recovery for the realty sector.
If the fear of ED could drive the powerful people of today to be honest or at least be minimally corrupt, will it not be a great thing for our nation?, asks Sudhir Bisht.
The startling report comes at a time when many analysts are concerned over almost all the key indicators heading south or even contracting, forcing the government to offer massive tax giveaways.
Here are some of the common mistakes that most home buyers make when it comes to home loans and how to avoid them.
There have been two changes announced so far as MF taxation is concerned.
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.
Realtors' body CREDAI on Monday said the cost of construction has gone up by 20-25 per cent, mainly during the last 45 days, due to steep rise in prices of raw materials like steel, and builders will be forced to increase property prices from next month by an average 10-15 per cent. CREDAI-MCHI, the Maharashtra chapter of CREDAI, demanded that the central as well as state governments consider giving relief to the industry by reducing stamp duty and GST rates, besides allowing input tax credit (ITC) to developers. The association said it would not advise member developers to stop construction works as of now, but if the price rise continues then builders would have no option but to halt works at project sites and defer purchase of raw materials.
In the Budget, the government has banned cash transactions above Rs 300,000. This means that people will have to pay stamp duty and registration charges on the actual cost of transaction.
German tennis great Boris Becker was jailed by a London court on Friday for hiding hundreds of thousands of pounds of assets after he was declared bankrupt.
Income from renting of properties is taxed at a flat rate of 10%.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
Retired English football star David Beckham is considering a proposal to build a sports high school at a new football stadium in Miami as part of his quest to bring a Major League football team to the city.
Vadra's interim protection from arrest was extended till April 1.
A N Shanbhag, the highly respected investment guru, and his son Sandeep Shanbhag, answers your questions on NRI investment.
'Laws have been used in a way to serve the needs of the current regime and its authoritarian ideology.'
The development followed the arrest of chartered accountant Rajesh Kumar Agrawal by the ED.
If elected, Singh would be the third Indian-American ever elected as a Governor of a State.
The department gets data of high-value transactions under the Annual Information Return.
This is because no prosecution complaint has been filed in any of these cases under the Black Money Act.
The raids are underway at three locations, including her residence in Sainik Farm. Misa Bharti and her husband Shailash Kumar are involved in an alleged benami land deals case and were called for questioning by tax officials in June.
'Every person is presumed innocent unless proved guilty in a court of law,' the statement said.
The I-T dept has repeated its claim after the Karnataka high court rejected a plea from the airline seeking to prevent its lenders from seizing the property.
Enforcement Directorate alleged that he was not cooperating and sought his custodial interrogation.
ED orders Chanda Kochhar to appear with asset lists also provide income-tax returns in her individual capacity and of companies if she was a director or held any position.
No other asset increases your wealth the way real estate does, says and if you are looking to make a lucrative investment which will surely give you the returns you deserve, property is the answer, says Saket Mohta.
'Mr Kejriwal is almost exactly the package that Mr Modi offers: Personal aggrandisement, the building of a personality cult through full-page newspaper ads day after day, populist schemes involving subsidies (whether affordable or required), abandonment of secular principles, exaggerated claims and no checks on leadership,' points out T N Ninan.
Intimate getaways offered in the form of homestays by hotels are proving to be the flavour of this extraordinary and difficult time. Not far from cities, they offer a pleasant respite from homebound lives, says Pavan Lall.
When submitting house rent allowance receipts, claiming that you pay rent to a close relative like parents, siblings or spouse, ensure that you have supporting documents to substantiate it.
The city needs some autonomy, or it will continue to decline in all the ways that are familiar, observes T N Ninan
Taxmen have come across instances where global firms - charged a withholding tax of 6 per cent - are underreporting the exact income they earned from an Indian user.
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