'The government believes there is still significant scope to bring more people under the tax net and collect the right amount of taxes, in cases where taxpayers are underpaying,' says Kuldip Kumar, partner and leader personal tax, PwC.
The FDA had imposed a ban on the company's Waluj plant in May.
Fortune favours the brave and he has done well by taking risks and winning it all, says Aditi Phadnis.
The near term will be challenging, as most will struggle to adapt to the new regime.
Clarifying on reports that it cannot scrutinise tax returns of political parties, CBDT said: "There are enough provisions in the Income Tax Act to scrutinise the accounts of the political parties and these political parties are also subject to other provisions of income tax including filing of return."
He also affirmed that over time, as the government finances improve, the SLR will be brought down further.
The questioning started in the wee hours of Friday and lasted for around five hours, before it resumed around 10.30 am.
Samajwadi Party chief Akhilesh Yadav lashed out at his one-time ally, the Congress, and said that in the state the BJP is nowhere.
Any bank account suspected to have been "misused" for money laundering or shell company operations won't be exempted from probe under 'Operation Clean Money' despite having low deposits, the CBDT said on Tuesday.
Defence sources said the issue is likely to be solved within a week.
Despite receiving so much love from Gujarat, Modi didn't bother to visit the bereaved parents of those 22 children who lost their lives in Surat, points out Jyoti Punwani.
A court in Thailand dismissed Prime Minister Yingluck Shinawatra from office on Wednesday for abuse of power, plunging the crisis-hit country into a fresh political turmoil.
More than 1,000 independent directors have quit since January 2017; more could be on their way out
Two-time Indian Premier League champions Chennai Super Kings has been valued at just Rs 5 lakh by its owners, India Cements.
Contradictions have emerged over the death of eight SIMI men, who were gunned down in an alleged encounter with the police on the outskirts of the Bhopal hours after they escaped from the high-security Bhopal Central Jail killing a security guard.
'We started analysing young patients and realised that they had causes like undetected diabetes, which suddenly flares up during COVID-19.' 'Secondly, hypothyroidism was one of the factors.' 'And obesity.'
A bench of Chief Justice Ranjan Gogoi and Justices L N Rao and Dinesh Maheshwari said it was only going into the aspect of security of the two women -- Bindu and Kanakadurga, and would not like to entertain any other prayer made in the petition.
Customers of Vodafone, Idea Cellular, Tata Teleservices and BSNL in some circles have reported maximum discrepancies in their phone bills, according to a latest report by telecom regulator TRAI.
The question being silently telegraphed around the court room was: When did this happen? Wasn't this trial about Indrani murdering her daughter to prevent her from marrying Rahul Mukerjea, her husband Peter Mukerjea's son from his first marriage?
In 2012, Diageo signed a deal to buy stake in USL.
Pakistan will release 367 Indian prisoners next week to send a positive message to its neighbour amid high tension due to firing on the Line of Control, Pakistani sources said on Saturday.
His departure came just after reports surfaced the Justice Department warned the Trump administration last month that Flynn misled administration officials regarding his communications with the Russian ambassador to the United States.
The Union HRD minister is accused of giving false information in affidavits to the Election Commission.
The central bank's move comes against the backdrop of the government efforts to crackdown on entities, that are illegally raising large amounts of money from the public.
The problem is actually acute in the diamond jewellery industry where there is no uniform criteria of inventory valuation unlike gold, whose prices are uniform and widely quoted.
Sources said the Insurance Regulatory and Development Authority's vigilance department was looking into these complaints and had carried out inspections in this regard.
The controversy came to public attention last week after Volkswagen acknowledged it had deliberately deceived officials about how much its diesel cars polluted.
Audit firms such as KPMG believe zero complaints may be an indicator of the lack of requisite mechanism to allow for such reporting
While you can always correct them, the sooner you do it the better it is for you, says Sanjay Kumar Singh
Shares in Jindal Steel and Power Ltd were heading towards their biggest daily loss in almost two years on Monday.
The Athletics Federation of India has submitted a list of 51 athletes, including the 11 called for trials, for the August 18 to September 2 Asian Games.
Mahmood Farooqui will walk free from Tihar Jail, with the Delhi high court on Monday acquitting him in a rape case involving a United States researcher, saying it remained doubtful whether any such incident took place.
Reforms in the Board of Control for Cricket in India will not pull the cash-rich body back, the Supreme Court said on Tuesday and made it clear that it does not intend to reduce the popularity of the BCCI or hinder its growth but wants structural reforms which would make the cricket body more transparent.
In students' register of M N College Visnagar Narendra Modi's date of birth is mentioned as August 29, 1949. In his election affidavit, he did not reveal his date of birth, but mentioned his age. His official birth date, as available in the public domain, is September 17, 1950.
Twenty-four girls were rescued from a shelter home in Deoria in Uttar Pradesh after allegation of sexual exploitation of the inmates came to light a few days ago.
India's shooting ace Apurvi Chandela attained the World No 1 position in the women's 10m air rifle event while compatriot Anjum Moudgil rose to second.
There are 7 key rules one can follow to ensure that the chances of such fraud are almost reduced to a negligible level when shopping online, says Anil Rego
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