As part of its efforts to rationalise costs and divest non-core assets, ICICI Bank has sold a property at Prabhadevi in central Mumbai.
All ministers in the Narendra Modi government will have to submit details of their assets, liabilities and business interests to the prime minister within two months.
The allegation against Khan is that he had applied to purchase the agricultural land for farming but constructed a farmhouse for personal use instead.
The saffron party received Rs 460.78 crore while the Congress got Rs 186.04 crore.
Prime Minister Manmohan Singh is believed to have asked his Cabinet colleagues to disclose details about their assets and liabilities and refrain from dealing with the government in a commercial manner.In a code of conduct for ministers of both the Centre and the state governments, it has been emphasised that details of their assets should include particulars of all immovable properties and the value of shares and debentures, cash holdings and jewellery.
Undisclosed overseas assets such as immovable property, jewellery, shares and art works will be valued at fair market price for the purpose of tax and penalty under the new black money law.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
Self-governed social and religious trusts cannot be subjected to 'overarching state control' as it would undermine the principle of autonomy and democratic decision-making and would reduce the fundamental right of freedom of association 'an empty husk,' the Supreme Court said on Friday.
The tax department had attached about a dozen plots and buildings in Delhi and Bihar.
"The era of 'lalten' is gone. In the last six years consumption of electricity has increased 3 fold in Bihar," PM Modi said. "Voters of Bihar have taken a resolve that they won't let those who have a history of making the state 'Bimaru' come near them," he added.
Almost an year ago the National Green Tribunal had ordered the closure of these two slaughterhouses, an official said.
Section 54 EC, if availed properly can bring several benefits for the taxpayer.
Since the RBI is the 'lender of the last resort', as per terms of arrangement, Yes Bank would have to exhaust immediate liquid assets before accessing this fund.
The Supreme Court on Tuesday refused to stay the investigation against Mumbai Congress chief Kripashankar Singh and his family members for allegedly amassing disproportionate assets but put an interim stay on the process of attaching and seizure of their properties.
Among these officials, a highest of 30 officers are from West Bengal cadre, 24 from Karnataka, 19 from Jammu and Kashmir, 17 from Bihar, 16 from Madhya Pradesh, 13 from Odisha, 10 each from Uttar Pradesh and Manipur-Tripura cadre and eight each from Arunachal Pradesh-Goa-Mizoram-Union Territories and Uttarakhand cadres have failed to submit the mandatory property returns.
Senior Mumbai Congress leader Kripashankar Singh has moved the Supreme Court challenging the Bombay high court direction for his prosecution under the Prevention of Corruption Act and attachment of his immovable properties in a case of alleged disproportionate assets.
The department apparently suspects the use of shell firms or front entities in some aspects of such remittance. Money might, it suspects, have moved in some cases from tax-free jurisdictions or tax havens to accounts in the UAE and some South Asian countries.
The total value of Naveen Patnaik's assets has swelled by Rs 4 crore from Rs 7.98 crore to Rs 12.06 crore between 2009 and 2014. This increase is because of appreciation of property value instead of acquisition of any new property.
Special CBI Judge Vinod Kumar allowed the probe agency to quiz Anand Joshi, who was arrested on Sunday from west Delhi, in its custody till May 20.
Parents should secure thier special child's future.
Fencing the border between Myanmar and Nagaland is expected to adversely affect the Naga tribals. Gautam Sen, an expert on Nagaland, explains why the Indian government needs a more comprehensive and long-term perspective on this issue and why it must take local tribal sensitivities and customs into account.
Else, repent when you reach your golden years
Ccertain tax advantages are attached with HUF under the income tax and wealth tax laws.
Proceeds may be used to partly pay off its Rs 46,570-cr debt
Ahead of the pronouncement of the sentence, police have left nothing to chance and have taken important functionaries of the sect, who could gather followers, into preventive custody.
To check black money menace, the Cabinet on Tuesday approved a new bill that would give more powers to the tax department in tracking illicit wealth stashed abroad and provide for strict penal actions for such offence.
An income tax tribunal held that the PoA could not be construed as an instrument of transfer concerning any right, title, or interest in the immovable property.
Prime Minister Narendra Modi, party president Amit Shah and chief ministers of National Democratic Alliance-ruled States are at the ceremony.
With this, 85 officers, including 64 high ranking ones, have been compulsorily retired.
A FIR registered by the CBI claimed that Major General Anand Kumar and his family members had six immovable properties worth a total Rs 5.33 crore in Delhi, Shimla and Gurgaon. The accused and his family members also had bank balances and fixed deposits to the tune of Rs 57.86 lakh and various other investments totalling Rs 1.21 crore.
The threat to Sasikala won't come from the Tamil Nadu chief minister or New Delhi, but from her 20-plus kin, reports R Rajagopalan.
"We will fight our case in court against Pak govt's illegal action," said Saeed.
The properties the government is eyeing to dispose of this year are located in prime locations of cities like Delhi, Mumbai, Surat, Ahmedabad, Bengaluru and Chennai.
Govt to introduce comprehensive law on black money
The crackdown on black money has led to seizing of Rs 3,963 crore of smuggled goods in two years.
The official liquidator said it would be in public interest that these properties are restored to him so that the interest of all creditors, including the applicant banks, can be "safeguarded".
In his Budget speech, the finance minister said: "We propose to facilitate higher investment in affordable housing. Affordable housing will now be given infrastructure status, which will enable these projects to avail the associated benefits."
The global agency said there are "serious deficiencies" on the part of the country in checking terror-financing and it lacks an effective system to deal with it.
Satyam Case has not ended after court verdict, there's lot to unfold say insiders.
The government has decided to relax angel tax norms for startups, including increasing the investment limit to Rs 25 crore for availing income tax concessions.
