A glance through the declared assets of candidates contesting the forthcoming Lok Sabha elections reveals that future lawmakers of the country are rich, but not as much as their spouses.
Pakistan Prime Minister Nawaz Sharif is the country's richest parliamentarian with assets of over Rs 1.43 billion, according to data released by the Election Commission of Pakistan.
The central probe agency has also issued a notice asking general public 'to furnish information and particulars of properties, both movable and immovable as well as bank accounts, in the state of West Bengal and other places, if any, related to Saradha group known to them, with specific details' to it.
Having a single point KYC that is automatically used across all financial and non-financial entities is a single piece of reform that should be an easy win to achieve, points out Harsh Roongta.
In insolvency proceedings, Ericsson will be treated as only an operational creditor and may end up losing the Rs 550 crore
Use cheques, cards to check black money, says Jaitley.
Delhi deputy Chief Minister and AAP leader Manish Sisodia has been named as an accused in the case.
The total income of the 87-year-old leader, who entered the fray from Malampuzha segment on Thursday, was shown as Rs 3,43,994 as per the income tax returns filed for 2009-10.
As part of the scrutiny, I-T department will initially issue 700,000 letters to those who have indulged in such transactions
Special Judge Vikas Dhull also imposed a fine of Rs 50 lakh on the convict in the case of acquiring disproportionate assets from 1993 to 2006.
Payments made by any person of an amount aggregating to Rs 100,000 or more in cash towards credit card dues will have to be reported.
Article 35-A, which was incorporated in the Constitution by a 1954 Presidential Order, accords special rights and privileges to the citizens of Jammu and Kashmir and bars people from outside the state from acquiring any immovable property in the state.
The Central Bureau of Investigation on Monday told a court that financial transaction was the motive behind Sheena Bora's murder and that her step-father Peter Mukerjea, a former media magnate and one of the four accused, had knowledge of some incriminating documents.
Kashmir witnessed a second day of a complete shutdown on Monday as the Supreme Court adjourned the hearing in petitions challenging the validity of Article 35A. The petition in the case has been filed by a Delhi-based NGO, We the Citizens, saying the state's autonomous status granted by Article 35(A) and Article 370 of the Constitution discriminate against fellow citizens from the rest of the country.
Seeking to wriggle out of the FATF's grey list, Pakistan has imposed tough financial sanctions on 88 banned terror groups and their leaders, including Hafiz Saeed, Masood Azhar and Dawood Ibrahim, by ordering the seizure of all of their properties and freezing of bank accounts, a media report said.
GST is a landmark reform considering the sweeping changes it brings about in the indirect tax regime in India.
Addressing the annual Vijayadashmi rally at Reshimbagh ground in Nagpur, Bhagwat made a pitch for a review and reformulation of the National Population Policy keeping the next 50 years in mind.
Senior advocate Harish Salve, appearing for petitioner Veera Sarin, said that Emergency was a "fraud" and the "greatest assault" on the Constitution as rights were suspended for months.
The former Karnataka minister said the ED has asked him to appear before it in Delhi on Friday by 1 pm and he was considering all legal options.
The sources said the taxman has initiated a country-wide operation to identify suspect bank accounts where huge cash deposits have been made post November 8.
The Enforcement Directorate to take a "conclusive action" towards attachment of assets of those involved in coal scam.
The party also dismissed as 'absolutely false' the claim that Young Indian Ltd, the company formed in the wake of financial troubles concerning Associated Journals Ltd, was a 'real estate company'.
The Enforcement Directorate Friday said it has attached gems, jewellery and bank deposits worth Rs 253.62 crore of some Hong Kong-based companies of fugitive diamond merchant Nirav Modi as part of a money laundering probe. Some assets of Nirav Modi group of companies in Hong Kong were identified in the form of gems and jewelleries lying in private vaults and bank balances in accounts maintained there and these have been provisionally attached under sections of the Prevention of Money Laundering Act (PMLA), the federal probe agency said in a statement. The amount kept in banks amounts to $30.98 million and Hong Kong dollars 5.75 million, which is equivalent to Rs 253.62 crore (as on July 22, 2022), it said.
Last year, the e-filing commenced on July 1 as there was delay in finalisation of the ITR forms
The former chief minister said his party was not running away from polls, but wanted the Centre to do justice with the people of Jammu and Kashmir first and take effective steps for the protection of the state's special position.
Former Jammu and Kashmir chief minister Omar Abdullah on Saturday termed the provisional attachment order of properties belonging to his father by the Enforcement Directorate as "baseless" and wondered how an ancestral property could be seen as proceeds of "crime".
As per the existing process of law under the PMLA, the ED could confiscate the assets only after the trial in a case finishes which usually takes many years.
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.
In a special campaign from April 2017 till July 2021, 13,801 cases were lodged under the Gangster Act and 43,294 accused arrested, while the National Security Act was invoked against 630 people, Additional Director General of Police, Law and Order, Prashant Kumar said.
They said Rajeev Shamsher Bahadur Saxena wanted in the Rs 3,600 crore AgustaWestland VVIP choppers money laundering case and lobbyist Deepak Talwar wanted by the Enforcement Directorate and the Central Bureau of Investigation in a case of misusing over Rs 90 crore taken through the foreign funding route, were brought in a special plane to Delhi around 1:30 am.
Rajiv Saxena, an accused in AgustaWestland chopper deal scam, was extradited from Dubai, UAE, to India .
The department gets data of high-value transactions under the Annual Information Return.
With auditing under the scanner and two of the Big Four firms stopping non-audit services for audit clients, auditors will now be subjected to a more stringent standard of reporting.
The apex court, which delivered a historic unanimous judgment putting the curtains down on the vexatious legal battle that has torn the social fabric of the nation, said citizens of all faiths, beliefs and creeds 'seeking divine provenance' are both subject to law and equal before law under the Indian Constitution.
Electricity has also been kept out of the GST ambit.
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.
NRIs could run into difficulties if they possess discontinued currency notes amounting to a high value.
Singhania's Rs 1,041 cr gift to son Gautam triggers war over assets
The Supreme Court put an end to the investigation monitored by it against former Mumbai Congress chief Kripashankar Singh and his family members for allegedly amassing disproportionate assets and left it to the trial court to consider supplying final report to activists on whose public interest litigation the probe was ordered.
Satyam Case has not ended after court verdict, there's lot to unfold say insiders.
