The affidavit goes on to inform that the BJP chief does not own a car.
Chidambaram showed a total income of Rs 8.58 crore for 2014-15, while his wife Nalini showed income of Rs 1.25 crore for the same period.
The National Company Law Tribunal (NCLT) has directed to freeze and attach assets and properties of Videocon promoters following a petition by the ministry of corporate affairs. The NCLT Mumbai bench has directed the Central Depository Services Ltd (CDSL) and National Securities Depository Ltd (NSDL) that securities owned or held by the Videocon promoters "in any company or society be frozen, and be prohibited from being transferred or alienation" and the details be shared with the Ministry of Corporate Affairs (MCA). It directed the Central Board of Direct Taxes (CBDT) to disclose information about all assets of the Videocon promoters in their knowledge or possession, for the purpose of freezing and restraining such assets.
Bihar Chief Minister Nitish Kumar's son Nishant has cash and movable/immovable properties worth nearly Rs two crore to make him more than three times richer than his father, according to the declaration of assets and liabilities by Kumar for the calender year 2013.
The 66-year-old leader's income for the year 2019-20 was Rs 10,34,370.
The ten richest among the 199 candidates in fray in the first phase of polling for Jharkhand assembly belong to Palamau division, according to an NGO involved in election watch.
Penalties for non-disclosure or inaccurate disclosure of these details can be severe.
Former Union Minister Shashi Tharoor has informed the Kerala High Court that he had not acquired any assets of his late wife Sunanda Pushkar either individually or jointly with her son or anybody else as her movable and immovable assets are not yet "ascertainable or estimable".
'If a person wanted to contest from such a difficult seat, then it is meaningless to say that he is afraid of losing elections'
As per the affidavit, he was booked under Indian Penal Code Sections 147 (rioting) 149 (rioting, armed with deadly weapon), 436 (arson), 332 (causing hurt to deter public servant), 143 (unlawful assembly) and 380 (theft).
The Central Bureau of Investigation has registered a case against Dhanalakshmi Gowda, an Indian Administrative Service officer (2000 Uttar Pradesh batch), presently working as director in the Ministry of Social Justice and Empowerment, for allegedly amassing assets disproportionate to her known sources of income.
The Budget may tweak capital gains taxes levied on equity, debt and immovable property to bring parity in varied tax rates and holding period, a senior official said. Explaining the rationale, the official said there needs to have an alignment in tax rate and holding period for all the asset class. Changes in capital gain tax expected in Budget, the official said.
YSR Congress Party President Y S Jagan Mohan Reddy, who is contesting the by-poll from Kadapa Lok Sabha seat, on Friday declared that he and his spouse have assets worth Rs 445.70 crore and loans to the tune of Rs 10.12 crore.
Slain Bharatiya Janata Party leader Pramod Mahajan's daughter Poonam, who is contesting the October 13 Maharashtra assembly polls from suburban Ghatkopar, owns assets worth Rs 12 crore.
Violations of the act, made operational from November 1 last year, attract a heavy penalty and rigorous jail term up to seven years.
The Enforcement Directorate (ED) has attached assets worth over Rs 757 crore of one of the country's most known multi-level marketing (MLM) and direct-selling companies, Amway India, as part of a money-laundering investigation. The central agency issued a statement on Monday, alleging that the company was perpetrating a "scam" by running a pyramid "fraud" in the guise of direct-selling MLM network. "The entire focus of the company is about propagating how members can become rich by becoming members. There is no focus on the products. "Products are used to masquerade this MLM pyramid fraud as a direct-selling company," the ED alleged.
Stocks of smallcap and midcap companies, which had caught the fancy of retail investors, also feature in the portfolio of leading politicians in addition to bluechip stocks.
The agency said in a statement that a provisional order has been issued under the Prevention of Money Laundering Act "attaching bank accounts of Amnesty International India Pvt Ltd (AIIPL) and Indians for Amnesty International Trust (IAIT)".
Standard Cables Ltd has informed BSE that the board of directors of the company at its meeting held on January 11, 2003 have decided, subject to the approval of shareholders through postal ballot, to sell all movable and immovable assets of the co.
The top ten richest candidates are from the Trinamool Congress which has won a second consecutive term.
Atishi claimed the notice was sent to scare her, but "we have come from difficult fields to change politics of this country and we will not get intimidated by these hollow threats of the BJP".
What many don't realise is that including their spouse and children in their tax planning can enable them to reduce their tax burden legally.
How can a chief minister shrug off his responsibility not just for the illegality taking place under his nose but also for the lives that are likely lost? asks Aditi Phadnis.
Do not declare them under Income Tax.
Many salaried taxpayers hold the misconception that they don't need to disclose any other income since TDS is deducted from their salary.
The banks also wanted disclosure of assets of Mallya's other close relatives and former relatives, including his ex-wife, which was objected by his counsel.
Judge HA Mohan presiding over the additional city civil & sessions court held that the kin, J Deepa and J Deepak, were not entitled to the properties that have been confiscated by the state.
The Delhi high court on Monday asked the Centre to file reply on a plea seeking linking of immovable and movable property documents of citizens with their Aadhaar numbers to curb corruption, black money generation, and benami transactions.
Non-compliance, underreporting or misreporting will attract a penalty of 50-200 per cent. The authorities may during assessment even tax assets that are 15-20 years old
The government is auctioning 42 coal mines among 204 coal blocks.
For almost all the properties owned by Vijay Mallya, the reserve price has been marked down after the earlier attempts failed to attract bidders.
Beleaguered businessman Vijay Mallya on Thursday told the Supreme Court that banks have no right over the information of his overseas movable and immovable assets as he was an NRI since 1988.
The court also restrained RHC Holdings from operating its bank accounts except for payment of salaries and statutory dues till March 23, the next date of hearing.
In 2012, Parsekar had shown his movable and immovable assets at Rs 10.74 crore which now stand at Rs 8.98 crores.
The ED will probe if money earned from the illicit narcotics trade was laundered to create movable and immovable assets by the accused. The investigation will run parallel to the NCB probe, the sources said.
Price has been fixed at Rs 85.3cr
According to an ED order, the agency has seized movable and immovable properties of the firm -- Ms N K Proteins -- in Mumbai, Noida, Ahmedabad and Palanpur in Gujarat under the criminal provisions of the Prevention of Money Laundering Act.
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.
The government is open to 'some tinkering' in the varied rates and holding period for computation of capital gains tax on shares, debt and immovable property, in a bid to make it simple, revenue secretary Tarun Bajaj said on Wednesday. Under the Income Tax Act, gains from sale of capital assets, both movable and immovable, are subject to 'capital gains tax'. The Act, however, excludes movable personal assets such as cars, apparels, furniture from this tax.
The ruling Bharatiya Janata Party has 17 crorepati candidates followed by Tipra Motha with nine and the Communist Party of India-Marxist seven, the report by the Association for Democratic Reforms (ADR), a civil society organisation, said.
