Those evading taxes could soon find tax officials at their doorstep, with a rather insightful account of their big purchases.
In an online chat with readers on July 8, Anil Rego answered their tax queries. Here's the chat transcript in case you missed the chat
He is widely admired for maintaining an almost military like discipline and is not known to smoke or drink
Out of these, no balance has been found in case of 289 accounts
In the first tranche, the department will send out letters in 100,000 cases where the money spent is at least Rs 1 crore (Rs 10 million) each a year.
With filing possible only online, there is no scope for any error.
Opposition parties slammed the amendment, saying the new law was "draconian" and could be misused against anyone opposed to the ruling establishment.
'Having dealt with security and insurgency for 15 years, I am fully convinced that the steps taken by the government in regard to J&K and the measures in force there are essential,' says B S Raghavan, the distinguished civil servant.
The report added that Anbang, which has close ties to the Chinese state, has seen its aggressive efforts to buy hotels in the US slowed amid concerns raised by Obama administration officials who review foreign investments for national security risk.
The three promoters - Anil Kumar Sharma, Ajay Kumar and Shiv Priya - had diverted Rs 1,500-1,600 crore through bogus methods like loans and advances between group firms at inflated rates.
Haryana assembly on Tuesday unanimously passed a bill to provide reservation to Jats and five other communities in government jobs and educational institutions
Musician-singer Adnan Sami has had enough of bureaucratic pressures, the latest being the service tax that he's required to pay up.
A K Bhattacharya digs into the yet-to-be-public report on ways to curb black money and finds out that Modi's next moves could include action on dabba trading, hawala, and education.
Inclusion has never been a straight road and stories from ancient cultures show it has always been a struggle to accord equal status to all genders and species, says Arundhuti Dasgupta.
The government has also developed a PAN activity monitoring.
The probe agency said the 12,794-page chargesheet has been filed against 12 persons including Hafiz Saeed, the head of banned terror outfit Lashkar-e-Tayiba, and Hizbul Mujahideen head Syed Salahuddin for conspiring to wage war against the government (Section 121 of Indian Penal Code) by carrying out terrorist and secessionist activities in Jammu and Kashmir.
India imported 967 tonnes of gold in 2014-15.
Fighting fake brand peddlers. How the complex web of counterfeit goods threatens to trip e-commerce giants in the country.
It's the age of the DIY travellers.
China is on the lookout for investment pastures where its money is welcome, safe and earns a decent return. India also needs vast investment - about $1 trillion over the next 10-15 years - in infrastructure, green energy, transportation and heavy industry, says Ravi Bhoothalingam.
'Housewives depositing cash up to a limit of Rs 250,000 need not worry.' 'It is understood that in India housewives save money which they get from their husbands for household expenses.' 'The intent of the government is not to question them.'
Love Sherlock, Dr Who, and Downton Abbey? Vanita Kohli-Khandekar finds out how the UK became one the world's largest creators of television content.
Modi said officers must fix clear targets to improve the country's tax administration by 2022, the 75th anniversary of Independence.
The apex court said it was only safeguarding the interest of innocents from being arrested.
Both companies and individuals seek greater flexibility and freedom.
Gujarat has topped with a score of 71.14% on ease of doing business list.
Sebi has long struggled with balancing the needs of small investors and those of the market.
Unlike India, the US is a free-pricing market.
Abu Dhabi national carrier had bought 24 per cent stake in Jet Airways for $379 million in April.
There's a certain amount of drama to the profession. Sample these taglines: 'We can see the unseen'; 'I can plant my detective in your guest bedroom.' One agency has even ensured that all its phone numbers end in '007'.
Against estimates of black wealth of Rs 300 lakh crore and black money in cash of Rs 3 lakh crore by economist Arun Kumar, the PMGKY numbers fall short by a huge margin.
'The CAA should be kept in abeyance, without making it a prestige issue.'
'Laying down a clear policy on the future of illegal migrants will dispel anxieties and help in implementing the CAA, NPR and also the NCR,' suggests former Union home secretary Dr Madhav Godbole.
"When it comes to economic matters, state governments have a far bigger role to play. Whether it is acquiring land for a major project or issuing a licence to a private university, the role of the state government has become very important. MLAs are bound to be natural beneficiaries of this heightened economic activity."
'If I have to write a letter I will give it to the media. They will put it out.'
The successful implementation of the new Act will depend on a much bigger involvement of the state through a huge new superstructure of registration, certification and supervision
When the bench asked Sibal 'shouldn't we hear the matter', he replied, 'Yes. You shouldn't.'
Sahara chief Subrata Roy may not come out clean in the biggest ever investment fraud that he allegedly did few years ago.
The elections were recently postponed.
'Corruption is the tree.' 'Black money is the fruit from the tree.' 'This scheme will expose the unaccounted fruits of the tree.' 'But since the tree will continue to stand, the story will continue,' say Pramod Kumar Srivastava, Sanghamithra and Kravya.
Even smaller companies like Torrent Pharma and Alembic file five to 10 ANDAs every year.
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