Hong Kong busts $1.8-bn money laundering syndicate with India links, 7 held

At least seven persons were arrested by Hong Kong customs authorities on Friday in connection with the territory's biggest money-laundering case involving a whopping HKD 14 billion (USD 1.8......

Rs 244 crore cash seized in last 15 days in poll-bound Rajasthan

Ahead of the assembly elections in Rajasthan, enforcement agencies have seized Rs 244 crore cash in the last 15 days, officials said on Tuesday. A strict vigil is being maintained by the police,......

SC recalls its verdict on indirect taxes from duty free shops at airports

In a significant development, the Supreme Court Friday recalled its April 10 verdict by which it had held that duty free shops at arrival and departure terminals at international airports are......

New uniform in Lakshadweep schools: Cong warns of protests

The Congress on Saturday strongly condemned the Lakshadweep administration's move to introduce a new pattern of uniform in schools in the union territory and warned them of intense protests,......

'Rs 1.7 trillion may be GST average collection next FY'

'We crossed Rs 1.7 trillion in three months this financial year.' Illustration: Dominic Xavier/Rediff.com Central Board of Indirect Taxes and Customs (CBIC) chairman Sanjay Kumar Agarwal tells......

FY24 direct tax to GDP ratio may be highest since FY01

On the back of robust tax collection, the ratio of direct taxes to gross domestic product (GDP) this financial year is likely to be the highest in this century so far. Photograph: Kind courtesy......

More Freebies In The Interim Budget?

The rising goods and services tax (GST) and personal income-tax collections may bolster the Narendra Modi government's ability to announce new schemes or enhance existing ones, reports Indivjal......

Net direct tax collection at Rs 10.64 lakh cr in Apr-Nov

Net direct tax collection in the eight months of the current fiscal touched 58.34 per cent of Budget Estimates (BE) at Rs 10.64 lakh crore. Illustration: Dominic Xavier/Rediff.com The net tax......