It's not unusual for the tax departments to freeze bank accounts and there have been instances of the authorities recovering the outstanding from the bank, though such course of action is not common.
'Our priority will be to settle land disputes in Bihar, which I believe is the root cause of almost all crime in the state.'
This property has all the hallmarks of being owned and occupied by Vijay Mallya. A fleet of supercars making their way down the drive, hordes of people descending to party all night long and a constant delivery of goods and services.
Players have been embroiled in contractual disputes with Cricket West Indies (CWI) for several years, with the team even abandoning a tour of India midway through their 2014 series over a payment structure row.
'There was already a cash crunch and this (lockdown) has created more trouble.'
The Adanis', which already has won the bids to run six Airport Authority-built non-metro airports in Lucknow, Jaipur, Guwahati, Ahmedabad, Thiruvananthapuram and Mangalore, bid to enter the country's second busiest airport by buying out Bid Services Division Mauritius from MIAL was stalled after GVK chose to exercise its first right of refusal, and matched the Rs 1,248-crore offer that the Adanis made to the Bidvest in March.
Bhargavi Zaveri & Radhika Pandey explains how complexities of foreign exchange rules are used by India Inc to dispute contractual obligations.
Like the UPA government, probably the NDA government also feels that hardships caused to taxpayers are just collateral damage and that taxpayers are too few and even those few don't have a vote (non-individuals) or don't vote, says Harsh Roongta.
Both have been robustly muscular leaders who began as immensely charismatic politicians conveying an impression that they were makers of history, raring to go. Both have been hyperactive on the world stage. But in the final analysis, Abe is departing on a sombre note, unceremoniously and apologetically, observes Ambassador M K Bhadrakumar.
UK oil explorer Cairn Energy is facing a tax demand of Rs 10,247 crore and Vodafone over acquisition of 67% stake in the mobile business owned by Hutchison Whampoa in 2007
The government's plan to mop-up additional revenue from indirect tax may not materialise
GlowRoad, a business network for homemakers, is helping women who want to earn from home.
'All parties and the government acknowledge that there we are in trouble and there is more trouble ahead,' observes Aakar Patel.
The Gujarat high court quashed a First Information Report filed against member of Parliament Vitthal Radadia for allegedly brandishing his gun at a toll booth in Karjan after the complainant said he "did not wish to pursue the case".
Paying just minimum amount due? Closed your oldest credit card? Have never accessed your CIBIL report? You could be in trouble :(
The department has calculated and arrived at the figure and may raise two separate demands.
Exchanges believe its legal status may now change, with the government pushing for digitised transactions.
Force India co-owner Vijay Mallya has rejected speculation about his Formula One team's finances, saying they will be racing for years to come.
Based on internal evaluation and legal opinion, the management was of the opinion that the company has the ability to ultimately recover the aforesaid ICDs
Minimum taxes on foreign portfolio investors have been removed.
As the issue remained deadlocked with both sides sticking to their respective positions, Prime Minister Narendra Modi, while laying the foundation stone for a new Parliament building, invoked Guru Nanak to underscore the importance of dialogue and noted that the Sikh Guru had said that interaction should continue till eternity.
Exasperated at his sudden removal, Mickey Arthur on Sunday said his unfair sacking was the result of a "deliberate campaign" against him but Cricket Australia has challenged his claim.
India imported $62 billion of Chinese goods last year.
Instead of mechanically consolidating all labour laws into one, provisions of all labour laws should be relooked in terms of their substance. The irrelevant and archaic provisions have to be fixed, says Aparajita Gupta.
Modi hailed the close defence cooperation between the two countries and welcomed the completion of the logistics agreement between the two navies.
It will be safe to incur these costs initially to prevent any problems in the future, which would be far more expensive, in terms of money, time and effort.
With the implementation of the goods and services tax less than 75 days away -- assuming July 1 as the roll-out date -- Sudipto Dey provides a guide to how businesses can navigate the transition.
Captain Sanjay Sudan had filed the suit against Kingfisher Airlines seeking recovery of around Rs 13 lakh (Rs 1.3 million), his outstanding salary for three months from the airline.
It asked the Sahara chief to discuss the roadmap for future payments with amicus curiae Shekhar Naphade and Sebi, and said if they are convinced, the court could look into it
APAs are part of govt's aim to move to a non-adversarial tax regime.
Earlier, the top court said it had been "taken for a ride" by the Sahara group by its past conduct and asked it to submit a roadmap for paying the balance amount
Infra sector is neglected by the Modi govt.
Iran has complained of irregular shipments
'The sooner Pakistan and India face these geopolitical realities, the better it will be for their own security and prosperity,' observes Ambassador M K Bhadrakumar.
Experts share their views on the steps that will help businesses become GST-ready.
'The professional or the freelancer needs to pay taxes from his pocket first and then wait for payments from his clients.'
After a bitter split with sponsors Sahara, the BCCI on Saturday invited tenders for the sponsorship rights of the Indian team for all the Board, ICC and Asian Cricket Council events from January 2014 to March 2017.
Customs and excise duty rates have been amended mainly to promote Make in India.
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