The Enforcement Directorate on Monday conducted raids against arrested Delhi minister Satyendar Jain as part of a money-laundering probe linked to an alleged hawala dealings case being conducted against him, officials said.
The probe agency sought to intervene in a plea of Chandrashekhar, who is lodged in Tihar jail on charges of money laundering and duping several people, and his wife seeking their transfer to a prison outside Delhi alleging threat to their lives from jail staff.
Several income tax proposals, including 30 per cent tax on income from trade in cryptocurrencies will come into effect from Friday. Also, the revised norms for levy of 1 per cent TDS (tax deducted at source) on sale of immovable property exceeding Rs 50 lakh will come into effect from April 1, the beginning of the new financial year. As per the revised norms, TDS of 1 per cent shall be deducted on consideration or stamp duty value, which ever is higher, as against the earlier provision of consideration.
A Special Investigation Team (SIT), to be headed by a deputy inspector general (DIG) of Gujarat Anti Terrorist Squad (ATS), will probe the case against activist Teesta Setalvad and former Indian Police Service officers R B Sreekumar and Sanjiv Bhatt who have been accused of abusing the process of law by fabricating evidence to frame innocent people in connection with the 2002 Gujarat communal riots, a senior official said on Sunday.
He staked everything to ensure the BJP returned to power; and now that it has, he stands to lose a lot, points out Aditi Phadnis.
To overcome your fear of the property being taken over, draw an ironclad agreement with a good lawyer's help, recommends Sanjay Kumar Singh.
All laws have been modified to omit the domicile clause for property rights in the valley. This effectively means that anyone with enough money to spend can now technically buy property there, writes Sai Manish.
The Delhi high court on Friday said it will first hear the pleas directly challenging the Centre's Agnipath scheme and then decide those concerning the recruitment processes for the armed forces under certain previous advertisements.
The NDA government has approved additional facilities for members of minority communities living in India on long-term visa
A bench of Chief Justice Satish Chandra Sharma and Justice Subramonium Prasad granted two weeks' time to the petitioners to respond to the Centre's stand on the matter.
Former media baron Peter Mukerjea, husband of prime accused Indrani Mukerjea in the Sheena Bora murder case, was on Friday charged with murder.
The Lahore special court (central-I) declared Suleman and Tahir Naqvi proclaimed offenders after they failed to appear despite being summoned, the Dawn newspaper reported.
The interest rate difference should be at least 25 bps. If the existing lender gives the same rate for a fee, it may be more convenient.
The Delhi high court on Thursday refused to stay the Agnipath scheme for recruitment in the armed forces and asked the Centre to file a reply on a batch of petitions challenging it.
The two were produced before metropolitan magistrate SP Patel after their police custody ended.
The National Company Law Tribunal (NCLT) has directed to freeze and attach assets and properties of Videocon promoters following a petition by the ministry of corporate affairs. The NCLT Mumbai bench has directed the Central Depository Services Ltd (CDSL) and National Securities Depository Ltd (NSDL) that securities owned or held by the Videocon promoters "in any company or society be frozen, and be prohibited from being transferred or alienation" and the details be shared with the Ministry of Corporate Affairs (MCA). It directed the Central Board of Direct Taxes (CBDT) to disclose information about all assets of the Videocon promoters in their knowledge or possession, for the purpose of freezing and restraining such assets.
'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.'
According to the Income Tax Act, certain transfers can be considered void without a tax-clearance certificate (Section 281B).
The Delhi high court has slapped Rs 10 lakh costs on an NGO which had filed a Public Interest Litigation (PIL) alleging unauthorised construction in New Delhi, saying it was unfortunate that the noble forum of PIL was being used for blackmailing citizens.
Those on H-1B visas have to find a new job within 60 days or head back to India.
In his statement to the Enforcement Directorate, Dhoot conceded that Rs 64 crore had been transferred to Deepak Kochhar's NuPower Renewables through a web of entities to allegedly acquire wind farm properties.
Ambani is in good company. The likes of ultra-rich individuals like hedge fund billionaire Ray Dalio and co-founder of Google Sergey Brin have chosen Singapore to establish their family offices. So have British inventor James Dyson, famous for his bladeless fans and hair dryers and vacuum cleaners, and Zhang Yong, founder of China's Haidilao hotpot restaurant chain, reports Lee Kah Whye.
Failure to do so leads to incorrect filing and under-reporting of income, with adverse consequences, advises Bindisha Sarang.
Mihir Tanna, Associate Director, S K Patodia & Associates, answers your tax queries.
Properties worth over Rs 150 crore of real estate firm Unitech Group have been attached in a money laundering case, the Enforcement Directorate (ED) said on Tuesday. The assets include a dozen of land pieces measuring a total of 48.56 acres in Gurgaon near Delhi.
The palace, currently run by JLR, will be offered to bidders on a long-term management contract.
The Madras high court on Monday took strong objections to the violent incidents in Tamil Nadu's Kallakurichi district on Sunday, and directed the state police chief to constitute a special investigation team (SIT) to identify the rioters and take stern action against them.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
Simultaneously more than 60 countries led by the United States and the European Union issued a joint statement urging those in positions of power and authority across Afghanistan to bear responsibility and accountability for the protection of human life and property, and for the immediate restoration of security and civil order.
Cash registers are ringing more frequently at hotels and resorts with the return of the big fat Indian wedding after a two-year hiatus. This comes even as the small and intimate ceremonies - which became popular during the pandemic - are also set to keep those employed in the hospitality sector on their toes. As many as 2.5 million marriages are expected to get solemnised during the wedding season that gets underway from next week and stretches on till April, according to industry estimates.
In a race to woo voters with freebies ahead of the upcoming state assembly elections, Punjab Congress chief Navjot Singh Sidhu on Monday promised Rs 2,000 per month for women homemakers if his party returns to power.
Mihir Tanna, Associate Director, S K Patodia & Associates, answers your tax queries.
The top court said in order to declare whether the exercise is academic or infructuous, it needs to examine the matter since both sides are not agreeable.
'My elephants saved my life.' 'They love me more than my family members who only love my property.'
In a fresh plea on Tuesday, the Centre said it had acquired 67 acres of land including the 2.77 acre disputed Ram Janambhoomi-Babri Masjid site and sought permission of the top court to return the excess land to its original owners.
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.
Officials said PFI has been under the radar of security agencies for its alleged role in violent protests in different parts of the country.
Mihir Tanna, Associate Director, S K Patodia & Associates, answers your income tax queries.
A court in Ahmedabad on Sunday remanded social activist Teesta Setalvad and former state director general of police R B Sreekumar in police custody till July 2 in a case of fabricating evidence to frame innocent persons in connection with the 2002 Gujarat riots.
A State Bank of India (SBI)-led consortium that gave loans to fugitive businessman Vijay Mallya on Friday received Rs 5,824.5 crore in its accounts after shares of UBL, earlier attached under the anti-money laundering law, were sold recently, the ED said. Mallya is accused in a multiple banks loan default case of about Rs 9,000 crore. The disputes resolution tribunal (DRT) had sold these shares on June 23 after the Enforcement Directorate had transferred shares worth about Rs 6,624 crore of UBL to the SBI-led consortium on the directions of a special PMLA court that is hearing the case involving Mallya in Mumbai. These shares were attached under the Prevention of Money Laundering Act (PMLA) by the ED, a central probe agency.
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