Finance Minister Arun Jaitley on Monday said the NDA government has done more work to fish out black money than any other previous government in a short span of two years and all efforts are afoot to book those who have not taken advantage of the disclosure scheme.
Mallya's lawyer said he wants to return, but a British court has prohibited him from leaving the UK without its permission.
The agency had summoned Singh earlier also, but then he had excused himself stating his official commitments.
Karnataka tax dept may attach assets of dealers; new retailers not being registered
Out of these, no balance has been found in case of 289 accounts
Penalty must act as a deterrent. If it is too low, it could encourage the regulated entities to lap up penalty instead of complying with the norms, suggests Tamal Bandyopadhyay.
The closure of BPSL would add about three million tonnes capacity to JSW Steel's existing 18 million tonnes.
'To save the LTCG, it's always better that the owner of the property that was sold also becomes the title holder in the new one.'
The crackdown on black money has led to seizing of Rs 3,963 crore of smuggled goods in two years.
The SIT on black money has widened its probe.
Siddhartha alleged in his letter that there was a lot of harassment from the previous DG Income Tax in the form of attaching "our shares on two separate occasions to block our Mindtree deal and then taking possession of our Coffee Day shares, although revised returns have been filed by us".
Offenders will be tried under Prevention of Money Laundering Act
The agency, sources said, has issued the notices under the Prevention of Money Laundering Act (PMLA) and they have summoned the accused to examine them and record their statements.
Equity fund managers' other favourites are software stocks followed by pharma, finance and consumer non-durables
The Enforcement Directorate on Friday arrested the CEO of a defaulting firm on money laundering charge in connection with its probe in the National Spot Exchange Limited scam case.
By virtue of it being an unsecured loan, personal loans have a very high rate of interest attached to them.
The court also dismissed petitions of his wife Pratibha Singh, son Vikramaditya Singh and another person.
The court's direction came after Singh alleged conspiracy over filing of "frivolous anonymous complaints" against him with the revenue secretary saying these were being entertained by the ED.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
Breaking his silence after a long time, to state the "factual position in response to the controversy unfortunately surrounding" him, Mallya said he had written letters to both the prime minister and the finance minister on April 15, 2016, to explain his side of the story. "No response was received from either of them," he said in a statement.
Among the seizures were Indian masters such as FN Souza, VS Gaitonde, SH Raza, Amrita Sher-Gil and Akbar Padamsee, sculptures from Italy and the US, Chinese artwork and masterpieces by Xu Lei and Zeng Xiaojun.
The IO is also understood to have confronted him with some documents the agency had seized and recovered in this case of alleged disproportionate assets.
'Whether it is the unions or the politicians, they don't have to do politics over Air India, but be guided by a solitary factor -- that we don't want Air India to fly into oblivion.'
In more trouble for Finnish mobile firm Nokia, whose immovable assets were attached in an alleged tax evasion case recently, the Income Tax department is set to issue fresh demand notices for payment of taxes to the tune of Rs 1,000 crore (Rs 10 billion).
Prime Minister Narendra Modi distinctly remembers Suresh Raina's elegant cover drives during the epic 2011 World Cup quarter-final against Australia in Ahmedabad, something that, he feels, the all-rounder's fans will miss after he followed Mahendra Singh Dhoni into international retirement.
Armed with fresh powers to conduct search and seizure operations and attach properties and bank accounts, the Securities and Exchange Board of India (Sebi) is going all out to use these effectively.
Opt for personal loans only to meet your essential needs which cannot wait.
At a time when the asset quality of state-owned banks is deteriorating, the Reserve Bank of India is also planning harsher penalties for wealthy promoters of wilful defaulters.
'We were number one in commodity, currency, electricity, bonds, spot and everything. 'The purpose was to create an accident and then exploit it to eliminate the group. There were so many vested interests and therefore they did this," said Shah.
Nokia may now not sell its Chennai unit.
Somaiya had on Sunday claimed he was barred from entering Kolhapur with the district authorities citing law and order as well as security concerns following his allegations of corruption against Maharashtra Rural Development Minister Hasan Mushrif.
In the past, and even to some extent today, silver jewellery used to be an accurate indicator of a family's creditworthiness, says Geetanjali Krishna.
Asked about the report, MEA spokesperson Anurag Srivastava said, "The political judgements of Freedom House are as inaccurate and distorted as their maps."
The government is auctioning 42 coal mines among 204 coal blocks.
The agency has so far seized diamonds, gold jewellery and other precious stones worth Rs 5,716 crore in the case and summoned Modi and Choksi, the promoter of Gitanjali Gems, to appear before it on February 23 at its Mubai zonal office.
India has sent a letter of request to the United States seeking to purchase patrol drones for protection and vigilance of its maritime assets in the Indian Ocean, sources said.
Vodafone, which has equity interests in 25 countries besides India where it bought controlling stake in Hutchison Essar early this year, said its capital expenditure on fixed assets this fiscal would be around 4.7-5.1 billion.
Officials said the Enforcement Directorate along with the Central Bureau of Investigation launched fresh searches on March 22 at the Samudra Mahal luxury residential flats of Modi in Mumbai's Worli area which resulted in the recovery of fresh valuables.
RBI would like to work on examining the regulatory framework for the voluntary withdrawal by the entrepreneur.
The top boss of the I-T department said that till now, the taxman has attached 621 properties, including some bank accounts, and the total amount involved in these cases, being probed under the Benami Transactions Act, is about Rs 1,800 crore.
