Besides selling movable and immovable assets to make recoveries, taxmen filed prosecution cases against those not paying the demand.
The I-T dept has issued 87 notices under section 24 of the said Act
New ITR form may be simpler, but some changes could stump you.
The Telangana Rashtra Samiti supremo's party symbol is a car.
According to Muzaffarpur District Registration Officer Sanjay Kumar, the orders to freeze the bank accounts and ban the sale or purchase of any movable or immovable assets of the Seva Sankalp Evam Vikas Samiti were passed by District Magistrate Mohammad Sohail on August 7 and 8.
Civic bodies which are supposed to regulate the dimensions of a city's growth, including what land ought to be used how, also have the responsibility of detecting and curbing flouting of norms, says Mahesh Vijapurkar.
As per Indian tax laws, bonus in kind paid to the employees could be considered as salary income in the hands of the employees.
Almost an year ago the National Green Tribunal had ordered the closure of these two slaughterhouses, an official said.
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.
The Congress on Wednesday charged Yoga guru Ramdev and social activist Anna Hazare of having a "hidden agenda" to destabilize the Congress-led United Progressive Alliance government at the Centre.
The 12,350 sq mt Villa was once used by Mallya to host lavish parties in his 'good times'.
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.
Whistle-blowers allege the brothers violated court orders by selling assets like art and real estate worth crores bought by funds from their companies.
The Attorney General said that Mallya has not disclosed full details of his assets.
Ccertain tax advantages are attached with HUF under the income tax and wealth tax laws.
Masood, who has been recently booked for hate speech, has five pending cases in various courts on charges of forgery and intentional insult with intent to provoke breach of peace among others.
The Villa, owned by United Breweries Holding, was mortgaged by KFA to SBI-led 17-bank consortium to obtain loans in 2010
Sebi has ordered attachment of bank and securities accounts of over 40 entities so far this year.
I-T officials are also looking into the finances of candidates who contested state elections in Uttar Pradesh, Punjab, Gujarat, and Karnataka, reports Shrimi Choudhary.
The CM, however, said he would abide by the high command's decision.
"We will fight our case in court against Pak govt's illegal action," said Saeed.
A Delhi court Wednesday issued summons to former Union minister P Chidambaram and his son Karti in the INX Media money-laundering case on taking cognisance of the charge sheet filed by the Enforcement Directorate (ED) against them.
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".
24% claim exemption from income tax or say they have no income at all, discovers Manoj K.
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.
Indian banks on Thursday rejected the loan repayment offer made by Vijay Mallya.
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.
Penalties for undisclosed foreign income and assets extend up to 300%.
Officials said the Enforcement Directorate along with the Central Bureau of Investigation launched fresh searches on March 22 at the Samudra Mahal luxury residential flats of Modi in Mumbai's Worli area which resulted in the recovery of fresh valuables.
The Enforcement Directorate on Wednesday night arrested the wife and son of the alleged kingpin of the multi-crore Saradha chit fund scam accused Sudipta Sen in a money laundering case.
The mandates which Pakistan has failed include action against all United Nations-designated terrorists like Jaish-e-Mohammed chief Azhar, Lashker-e-Tayiba founder Hafiz Saeed and the outfit's operational commander Zakiur Rehman Lakhvi.
Jet is facing insolvency proceedings in the Netherlands as well where it was declared bankrupt after it failed to pay two European creditors.
Hudco had in 2006 given a loan of Rs 62.38 crore to Bakshi's private venture, Ascot Hotels and Resorts, for a commercial project in Noida. The loan, however, turned NPA in 2011.
The top boss of the I-T department said that till now, the taxman has attached 621 properties, including some bank accounts, and the total amount involved in these cases, being probed under the Benami Transactions Act, is about Rs 1,800 crore.
The PMLA court in Mumbai has sought their appearance on September 25 (Nirav Modi) and 26 (Mehul Choksi) respectively under the fugitive economic offender law.
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.
The income-tax department has created various functionalities under its Project Insight, which will provide the 360-degree profile of taxpayers, including new and non-filers to gauge their accountability and tax liability. The tax department had on March 15 put out instructions for tax officials for accessing the insight.
Pakistan failed to fulfil six of the 27 mandates so far as a result of which the country continues to be in the grey list of the FATF.
A Communist Party of India-Marxist leader in Marxist-ruled Tripura who lay on a bed of cash withdrawn from his own bank account to fulfil a long cherished dream, is in deep trouble with his party.
The CBDT asks ministry of corporate affairs not to oppose its application to restore the companies struck off by the Registrar of Companies, as it would prevent the board from launching tax recovery proceedings against them.
