Of the total tax arrears, the two scam-tainted brokers -- Ketan Parekh and late Harshad Mehta -- accounted for Rs 30,000 crore (Rs 300 billion).
Nadal will not be playing at Wimbledon, having decided to rest, while eight-time champion Federer is showing signs that, at 39, the window of opportunity to win one more Slam is closing.
The net indirect tax collection in 2020-21 grew 12.3 per cent annually to Rs 10.71 lakh crore, thereby exceeding the target set in revised estimates, the Finance Ministry said on Tuesday. The mop-up through indirect taxes, which include GST, Customs and excise duties, was Rs 9.54 lakh crore in 2019-20. In the Revised Estimates (RE) for 2020-21, the target was set at Rs 9.89 lakh crore. Net collections from Goods and Services Tax (GST) stood at Rs 5.48 lakh crore during 2020-21, an eight per cent drop compared to Rs 5.99 lakh crore in the previous fiscal year.
With effect from January 1, 2006, pension is calculated with reference to average emoluments.
Agencies to help get data on assets of taxpayers.
If all goes well, then every single employee of Jet Airways will become an owner of the airline.
Inter Milan got a crucial 1-0 win at Juventus on Sunday
New norms are in place to strengthen regulations for this set of lenders which has been playing a critical role in Asia's third largest economy, notes Tamal Bandyopadhyay.
The union is demanding early orders for wage revision and payment of arrears to non-executives, numbering about 2,50,000, who are eligible for wage revision since January 1, 2007.
IMAGES from Day 9 of the French Open at Roland Garros in Paris on Monday.
Pant's scintillating 101 propelled India to 294 for seven as the hosts took a crucial 89-run lead.
The government's contention was that Sahara Airlines Ltd (now JetLite) was promoting the real estate and housing business and area operations of Sahara India Commercial Corporation.
Record sugar output has also yielded molasses production way beyond market demand and plant capacity of state distilleries and country made liquor units
The class 10 board examinations in Tamil Nadu are cancelled and students are promoted in view of the COVID-19 pandemic, Chief Minister K Palaniswami announced in Chennai on Tuesday. The exams for certain class 11 subjects, which could not be held earlier, were also cancelled.
By November 3, only 17,000 applications with tax payable amounting to Rs 1,100 crore have been received by the government, under the Sabka Vishwas Legacy Dispute Resolution Scheme. The scheme gives a deep discount of 70 per cent for cases pending appeal where tax demand is more than Rs 50 lakh, and 50 per cent waiver beyond that amount.
Acquisitions may have played a role in much of the increase.
Had Finance Minister Sitharaman thought a little more about the middle class, disadvantaged sections, and the poor who are struggling, it would have been an inclusive Budget that would have made history, notes Ramesh Menon.
'If Pinarayi Vijayan gets another term, Kerala will be a state where everybody has a house.'
Juventus have 13 points from seven games, three behind leaders AC Milan who host Verona later on Sunday. Lazio have 11 points.
The special package assistance would be used to augment irrigation structures in drought-prone areas to address the agrarian distress and drinking water crisis.
Is the worst over for Indian banks? The past two years saw them ride on treasury trades as deposits soared and credit growth dipped sharply. Gross and net non-performing assets (NPAs) moved south, and the provision coverage ratio (PCR), capital buffers, and profitability indicators are back at pre-pandemic levels. So, what's the plot ahead?
'If you miss the deadline, you can still file a belated tax return till March 31, 2021, with a fee under Section 234F, which could be up to Rs 10,000, in addition to an interest under Section 234A and 234B of the Act.'
The salary hike for government employees is likely to put an additional burden of Rs 24,000 crore on the state excheque.
The revised salaries of central government employees are likely to be paid from July 1, 2016.
The panchayat polls will be seen as a kind of verdict from the hinterland for Yogi Adityanath ahead of the crucial 2022 Uttar Pradesh elections.
In a letter written recently to the Finance Minister, Pawar had said that arrears of sugar mills have risen to over Rs 10,000 crore (Rs 100 billion) and there was a need to hike import duty to curb shipments, which is putting downward pressure on local prices.
One Rank One Pension (OROP) will have a significant impact on the country's fiscal bill and the overall cost will be around Rs 16,000 crore.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
The Minister said the department is yet to calculate the exact interest-free loans to be provided to the industry.
While the declarations under the scheme have to be filed by December 31, 2020, the government had in October extended the deadline for making payment by three months till March 31, 2021, in view of the ongoing Covid-19 pandemic.
Besides selling movable and immovable assets to make recoveries, taxmen filed prosecution cases against those not paying the demand.
The period of assessment of these defaulters range from 1989-90 to 2013-14.
Images from the World cup match between Belgium and Algeria.
Groaning under the burden of huge arrears to sugarcane farmers and rising losses, leading sugar producers of Uttar Pradesh have begun filing cases against a December 2006 directive of the state government on sugarcane prices.
The government will soon issue guidelines for regulation of OTT (over the top) platforms that will address issues such as sensitive content, the Rajya Sabha was informed on Tuesday.
A roundup of Day 2 of the Ranji Trophy matches on Friday.
The salaries of Indian's ground staff, who have threatened to strike work over wage arrears, are on a par with their peers in Air-India (AI) and other private airlines.
News of all that's transpired on and off the football field
To make possible discretionary spending including capex and that on welfare, the government decided to borrow more than planned in FY21 -- Rs 12.7 trillion.
