'Laws have been used in a way to serve the needs of the current regime and its authoritarian ideology.'
The about 60-pages prosecution complaint was filed by the federal agency before a special Prevention of Money Laundering Act court in Delhi on May 24.
This is the new addition to the tax data, which had identified over 600,000 people for scrutiny over huge inconsistencies in the cash deposits
When submitting house rent allowance receipts, claiming that you pay rent to a close relative like parents, siblings or spouse, ensure that you have supporting documents to substantiate it.
While Panama and Paradise Papers had majorly focused on foreign entities created by entities, corporates or individuals overseas, Pandora is about the new method adopted by wealthy elites by setting up multiple layered complex trust structures.
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The Indian government has paid Cairn Energy Plc Rs 7,900 crore to refund taxes it had collected to enforce a retrospective tax demand, ending a seven-year-old dispute that had tarred the country's image as an investment destination. The company, which is now known as Capricorn Energy PLC, in a statement said it has received "net proceeds of $1.06 billion", of which nearly 70 per cent will be returned to the shareholders. The tax department had used a 2012 legislation, which gave it powers to go back 50 years and slap capital gains levies wherever ownership had changed hands overseas but business assets were in India, to seek Rs 10,247 crore in taxes from Cairn.
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The Central Board of Direct Taxes has issued new directives for selection of scrutiny cases during the financial year 2013-14 by the taxman which also includes big ticket international transactions.
Xi Jinping is winning the war without firing a shot in Sri Lanka, observes Colonel R Hariharan (retd).
Market regulator in talks with SBI Caps, UTI Infra for scrutiny and auction of properties.
Chinese telecom gear giant Huawei Technologies has sought permission for access to the government's 'Trusted Telecom Portal' which went live on June 15 so that it can share details about the telecom products which telecom service providers have agreed to buy from it. The move is significant as sources close to the development say that, according to Chinese telecom companies' interpretation, the new National Security Directive on the telecom sector does not in any way prohibit them from participating in the process of selling telecom equipment of any kind to private telcos. The firm is waiting for a response from the government. It declined to comment.
Almost each of these companies has a different technology to show for the effectiveness against microbes.
The Supreme Court had observed that issues of national economic interest; disclosure of information regarding currency or exchange rates/interest rates/ taxes; regulation or supervision of banking, insurance and other financial institutions; proposals for expenditure or borrowing, and foreign investments, could all, in some cases, harm the national economy, especially if released prematurely.
Prepare your replies with expert help, if necessary. Keep relevant documents ready to support your replies.
The top court said there are serious infirmities in the oral accounts of Nirmohi witnesses that the disputed structure was not a mosque but the Janmabhoomi temple.
Kolkata-based business tycoon Sanjiv Goenka's RP-SG Group claimed the Lucknow franchise for a whopping Rs 7090 crore, while international equity investment firm CVC Capital won the bid for Ahmedabad with a Rs 5600 crore offer.
A bench of Justices Vineet Saran and Dinesh Maheshwari issued notice to the Centre, West Bengal and Election Commission of India on the plea, which also sought to central and state governments to award compensation to the victims and their family members after ascertaining the nature of loss sustained by them in post-poll violence in the state.
The central probe agency issued a provisional order under the Prevention of Money Laundering Act for attachment of Indian assets in Kodaikanal and Ooty in Tamil Nadu and a flat in Delhi's Jorbagh. A cottage and house in Somerset in the UK and a tennis club located in Barcelona, Spain have also been attached as part of the same order, the agency said.
Chennai-based Lakshmi Vilas Bank is set to merge with Indiabulls Housing Finance in a share-swap deal, RBI may not be comfortable with a bank owner having realty business under its wings.
'The bureaucracy in J&K feel completely disowned by the Centre.' 'The majority of officers under the scanner have not committed any irregularities and the Centre knows that.'
The government on Thursday clarified that black money declarants using the one-time compliance window cannot pay tax and penalty from undisclosed income to bring down their liability.
As part of the scrutiny, I-T department will initially issue 700,000 letters to those who have indulged in such transactions
Any additions in demand made by a tax officer under the faceless assessment process for over Rs 5 lakh of income will undergo a rigorous review process before a final demand order is passed.
'What matters is meeting the needs and expectations of the people who have voted to provide governance for the country.'
Asked about the report, MEA spokesperson Anurag Srivastava said, "The political judgements of Freedom House are as inaccurate and distorted as their maps."
As many as 3,268 title deeds in Sebi's possession would undergo scrutiny and be prepared for sale.
The department gets data of high-value transactions under the Annual Information Return.
You would find NBFCs more willing to lend even if you have a poor credit score, says Adhil Shetty
Ministry of Corporate Affairs is now likely to examine whether all active companies have PAN or not
The team probing the incident examined 808 suspects and 118 witnesses to collect strong evidence against the accused, the CID said in a release.
Anjuli Bhargava's musings on why the national carrier is well beyond a turnaround.
She wrote this in reply to an article about the proceedings of Bombay high court during the hearing of the stay order plea by the actor's lawyer against the demolition drive of Brihanmumbai Municipal Corporation at her property.
At that time, nobody would have thought a construction period of three to four years would be grossly inadequate
Shah defended the government for not filing an appeal against the acquittal of all four accused, including the radical right-wing's Swami Aseemanand, in the 2007 Samjhauta Express blasts case.
Six others, including the then PWD minister Churchill Alemao, were also listed in the charge sheet in the scam in which the US firm has been charged with bribing Indian officials to win two water developmental projects in Goa and Guwahati.
A Delhi court said it would pass on June 29 its order on framing of charges in IPL-6 spot fixing scandal case in which suspended cricketers S Sreesanth, Ajit Chandila, Ankeet Chavan and others, including underworld don Dawood Ibrahim and his aide Chhota Shakeel, are accused.
'In China there is capital punishment for heritage theft. That is how they treat criminals, unlike us.' 'Here we treat them like it's a house-breaking theft.'
The panel is believed to have examined each financial transaction between the Kochhar family and Videocon group, and the suspected trail of properties and assets that the family acquired since Chanda Kochar became ICICI Bank's MD.
Experts at coding, Web development, and digital marketing, will be on every organisation's hiring list, points out Narayan Mahadevan.
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.
