It is important to clarify that availing of an exemption is neither evasion nor tax planning.
Pakistan's former prime minister Nawaz Sharif is set to arrive in Islamabad on Saturday after a four-year self-imposed exile in the United Kingdom, months ahead of general elections.
Assam CM Tarun Gogoi accused PM Narendra Modi of not taking action against those involved in Panama scam, saying many of those involved in the case were "close to him".
France's hopes of a winning start to their Women's World Cup campaign were thwarted by a hardworking Jamaican side in a 0-0 draw in the opening Group F clash at Sydney Football Stadium on Sunday.
Sharif lashed out at "some unseen elements" for hatching conspiracies against his democratically-elected government.
This was the first-ever World Cup goal for the 28-year-old right back, who plays for Costa Rican club Herediano.
The World Cup began with 32 teams competing in a group stage, with teams divided into eight groups of four.
Lionel Messi stepped out of Diego Maradona's shadow by leading Argentina to World Cup victory last year and a statue of the diminutive forward will stand alongside those of his predecessor and Brazil great Pele at the South American federation's museum.
A leak of 11.5 million tax documents has revealed how the rich and powerful use tax havens to hide their wealth.
100th episode of PM Modi's 'Mann Ki Baat' to be broadcast live in United Nations headquarters
Sarina Bolden headed the winner as the Philippines spoiled co-hosts New Zealand's party
The mandatory use of the Indian flag on SCI's ships has been a bone of contention with prospective buyers, on account of the costs it will entail in terms of taxation and vessel registration.
A whirlwind trip of the dark underbelly of global finance, covering everything from tax law changes to aiding criminals to decamp with money from bank accounts.
'I am dismayed and will not accept that my integrity is being doubted by certain areas of the media, especially given that UEFA has already disclosed in detail all facts regarding these contracts'
A threatening message was left for Lionel Messi at a supermarket belonging to the family of Antonela Roccuzzo, the Argentine captain's wife.
Captain Wendie Renard's header seven minutes from time earned France a dramatic 2-1 win over Brazil.
The United States and Mexico both booked tickets to this year's World Cup in Qatar in the final round of CONCACAF qualifying on Wednesday.
Lack of opportunities coupled with a desire to get rich quick in the West is fueling Punjab's human trafficking problem.
Paris crowd made themselves heard on day one of the French Open as they booed and jeered when Ukraine's Marta Kostyuk refused to shake hands
Congress general secretary in-charge communications Jairam Ramesh said that in the 'Hum Adani ke Hain Kaun (HAHK)' series under which the Congress posed questions to Prime Minister Narendra Modi, the party had asked him about his "favourite business group's links with the Chinese citizen Chang Chung-Ling (aka Lingo Chang) who has been a director in several Adani Group companies along with Vinod Adani and also made an appearance in the Panama Papers".
A round-up of Sunday's action in the South American World Cup qualifiers.
Funds parked by Indian individuals and firms in Swiss banks, including through India-based branches and other financial institutions, declined by 11 per cent in 2022 to 3.42 billion Swiss francs (nearly Rs 30,000 crore), annual data from Switzerland's central bank showed on Thursday.
A year-long investigation by journalists has revealed how world leaders, businessmen, sportspersons and celebrities use offshore accounts in tax havens to hide their wealth, evade taxes and launder money.
Jaishankar, who met Guterres at the UN headquarters in New York, also discussed other issues, including India's presidency of the G20 and the Ukraine conflict, with the UN chief.
These are obviously not 'organic' desertions but brought about under intense military pressure, post the 9/5 arrests. It seemed as if the party was being dismantled the same way it was brought into power!, notes Rana Banerji, who headed the Pakistan desk at RA&W, India's external intelligence agency.
Indians having undisclosed income in the United States (US) may face proceedings under Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015, this financial year. Also, those named in global leaks may be searched, show-caused, and prosecuted, according to the FY23 internal action plan of the Central Board of Direct Taxes (CBDT). The CBDT has rolled out an aggressive target and timeline to investigate tax evasion matters, especially those involving undisclosed foreign assets.
While Canada celebrated, Mexico and the United States will have to wait to learn their fate
'Where are the safer zones in Kashmir? We have to move out, drop our children at local schools and attend to our duties'
Six-time world champion Mary Kom (51kg) lost to American Virginia Fuchs in a split decision after an exhausting contest that was also messy in equal measure.
Tunisia won at the World Cup for the first time since 1978, beating Panama 2-1 in their final World Cup Group G match on Thursday.
Congress general secretary (communications) Jairam Ramesh said they will pose three questions a day to Prime Minister Narendra Modi over the issue.
The government will investigate every Indian name appearing in an unprecedented leak of financial records, known as the 'Pandora Papers', which alleged that many world leaders have secret offshore stores of wealth.
Former information minister and senior leader of the Pakistan Tehreek-e-Insaf Party Fawad Chaudhry said that the premier made the decision after approval from the party's core committee.
Chouhan's son Kartikey accused the Congress leader of intentionally making a false allegation about his name being in Panama Papers of alleged tax evaders.
The South Americans face Senegal in a decisive Group H clash in Samara on Thursday.
Images from the World Athletics Championships in Eugene, Oregon, on Wednesday, Day 6.
Hurricane Michael unleashed a furious onslaught on Florida's Panhandle on Wednesday, the record-breaking cyclone tearing apart buildings and submerging houses in floodwaters before taking aim at Georgia and the Carolinas. Michael's 155mph winds at landfall were only 5mph short of category 5 status, making it the strongest storm to strike the United States since Hurricane Andrew ravaged southern Florida in 1992. Florida Governor Rick Scott warned of "unimaginable devastation", saying it would be the worst storm in 100 years.
India has received the fourth set of Swiss bank account details of its nationals and organisations as part of an annual automatic information exchange under which Switzerland has shared particulars of nearly 34 lakh financial accounts with 101 countries.
The levy of retrospective tax on the UK's Cairn Energy Plc is a tale of bizarre twists and turns that saw its attached shares being sold in May 2018 amid the passing of the baton from a full-time finance minister to interim one and the talks at the highest level to resolve the dispute, to claims that levy of back taxes was a result of an investigation into Panama Papers leak. The government late last month refunded about Rs 7,900 crore it had collected from selling residual shares of the British firm in its erstwhile India unit, seizing dividend and withholding tax refunds, to settle an eight-year-old dispute that had tarred the country's reputation as an investment destination. But, this did not come about easily. For seven years, the establishment vehemently justified in courts and outside seeking of Rs 10,247 crore in back taxes plus interest and penalty from a firm that gave India its biggest onshore oil discovery.
It was a stunning loss for Panghal, who had won a gold medal in the Cologne World Cup a couple of months back. The 23-year-old ended up paying for his rather weak defence in the bout against Escobar.
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