Officials said that taxmen visited seven locations in Bengaluru and three in Hyderabad of those event management companies which were given contracts to give a blockbuster look for the wedding of Bramhani last week.
The studies found that sectors with the highest unaccounted income included real estate, mining, pharmaceuticals, pan masala, gutkka and tobacco, bullion and commodity markets, film industry, educational institutes and professionals.
The Uttar Pradesh government said prima facie no terror link had been established.
DMK candidate Kathir Anand defeated All India Anna Dravida Munnetra Kazhagam nominee AC Shanmugham in the bypoll by a narrow margin of 8,141 votes.
Not declaring the black money under the scheme now, but showing it as income in the tax return form would lead to a total levy of 77.25 per cent in taxes and penalty. In case the disclosure is not made either using the scheme or in return, a further 10 per cent penalty on tax will be levied followed by prosecution.
The Election Commission has a fight on its hand as candidates use ingenious methods to smuggle in money to Voters.
People who observed the way his wealth and political clout grew say his fortunes hchanged once the ruling establishment handed him control of sand quarrying in Vellore and Kanchipuram districts after 2011.
With GDP down by 2 per cent, while 99 per cent of banned notes make way back to the banking system, whom did demonetisation benefit?
Innovative methods like transfer of funds through the RTGS banking system and concealment of currency wads inside car bonnets were detected by Election Commission as it took steps to curb the use of black money during the just-concluded Lok Sabha polls.
Dealers anticipated a sharp rise in jewellery demand this wedding season, but then came demonetisation.
Some genius assumed that a 2,000 note could seamlessly replace 500s and 1000s in ordinary transactions. If that genius had consulted an actual chai-wallah, he might have thought twice, argues Devangshu Datta.
A total of 64,275 declarations were made under the scheme, an average of Rs 1 crore per disclosure. This is expected to translate into tax collection of about Rs 30,000 crore from the scheme, of which the government exchequer should get around Rs 15,000 crore by the end of 2016-17.
The banks have asked the court to demand his return and to impound his passport.
This amount is just about 10% of the previous IDS
The candidate is from the DMK's ruling family, and the sky is the limit -- for both expenses and expectations.
The source of the synthetic drugs was Asia, especially India and China.
It's a close fight between the Election Commission trying its hardest to prevent Tamil Nadu's electoral malpractice and the political parties out to buy votes at any cost, says B Srikumar.
Nearly three weeks after Prime Minister Narendra Modi announced junking high denomination 500 and 1000 rupee notes, Finance Minister Arun Jaitley introduced a bill to amend the income tax law.
'Today may be the last day for depositing old notes, but tomorrow all the worries of the banks will not go away.' 'As long as there is cash shortage, banks will not be able to function normally.' 'Nobody knows when the shortage will be over.'
Delhi Chief Minister Arvind Kejriwal's Principal Secretary Rajendra Kumar was questioned again by the CBI on Wednesday in connection with a corruption case.
As many as 69 assembly constituencies in the Yadav heartland, considered crucial for the ruling Samajwadi Party in the state, went to the polls in this phase.
Against a turbulent and uncertain background, Budget 2017-18 hewed a steady, forward-looking course, says Shankar Acharya, former chief economic adviser to the government.
Kumar's son Prashant Bishnoi is a national-level shooter.
Out of these, no balance has been found in case of 289 accounts
Sahara India needs to pay back $5.3 billion, raised from millions of small investors through the sale of bonds ruled by the Supreme Court to be illegal, before founder Subrata Roy can be released.
The government has detected over Rs 1 lakh crore of undisclosed income in the last financial year, a figure more than double as compared to the search and seizure action undertaken by the Income Tax department during 2012-13 to check black money.
Sebi has been probing Prayag Group for allegedly running unauthorised collective investment scheme and for defaulting in repayments to various small investors.
The Commission said it cannot, under the existing law, disqualify a contesting candidate or prevent him from contesting the election, nor can it prevent an elector from casting his vote in an election, if otherwise qualified and eligible, as is being demanded by some of the parties.
Poor performance of the banking, oil and exploration industries have impacted corporate tax collections.
Hindalco has already bagged 4 mines in Jharkhand and Chhattisgarh
The ruling AIADMK is leaving no stone unturned to win the Vellore Lok Sabha poll and push its tally to two in the state, with its candidate even donning the skull cap to woo minority votes. But the DMK's stars are clearly on the ascendant in the lone constituency that goes to the polls on August 5. A Ganesh Nadar reports.
In 2014-2015 the I-T department put up 669 cases for prosecution. The charges stuck in only 34 cases: Just 5%. It was no exceptional year -- the story broadly follows the script every year.
What is the wider political strategy behind Mr Modi's concerted attack on black money, asks Subir Roy.
Fraudsters were luring gullible investors of daily returns up to Rs 75,000.
Phony NFL merchandise and tickets worth $21.6 million have been seized and 50 people arrested in a crackdown on counterfeiting ahead of this weekend's Super Bowl, U.S. law enforcement officials said on Thursday.
Families who used to make a living out of driving the famed 'Victorias' in Mumbai struggle to make ends meet.
Premier Li Keqiang highlighted his government's performance in the last one year and the challenges ahead in various fields. Compared to other reports by his predecessors, Li spoke more frankly about the mounting challenges faced by the country. Srikanth Kondapalli on the two recent Chinese parliament sessions.
Dept to focus on real estate, infra, mining and manufacturing to detect evasion.
The question wafting in the winds over the Vaigai riverbed is, has Karunanidhi's disgraced son accepted his fate? A Ganesh Nadar and Saisuresh Sivaswamy find out.
In his massive election rallies, Prime Minister Narendra Modi often caught voters fancy promising that each individual would get Rs 15-20 lakh in his bank account if he came to power.
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