Absconding diamond jeweller Mehul Choksi has been detained in Belgium following an extradition request by Indian probe agencies for his alleged involvement in the Rs 13,000 crore PNB bank loan 'fraud' case, official sources said Monday. The action against the diamantaire was taken on Saturday.
In October 2024, Jindal Stainless challenged a Goods and Services Tax (GST) notice in the Delhi high court. It was about corporate guarantees issued to related parties by its former group company, Jindal Stainless (Hisar), before their merger in March 2023.
'When voting clause by clause on Waqf came up in the JPC, the TDP and JD-U supported the BJP on each and every clause.'
Besides wrong selection of ITR form, many professionals claim deductions they are ineligible for.
'Our attempt to honour the taxpayer has been since 2014 and more actively since 2019-2020 onwards.'
The Budget announcement of zero tax for earnings upto Rs 12 lakh per annum and the rejig of tax slabs across the board should prompt more than 90 per cent of individual taxpayers to embrace the new tax regime as compared to the about 75 per cent as of now, CBDT Chairman Ravi Agrawal said. Agrawal also highlighted the government's focus on "non-intrusive" tax administration through enhanced use of Artificial Intelligence (AI) and simplified tax processes for common taxpayers. He emphasized the benefits of the new tax regime (NTR), which offers simple calculations and allows taxpayers to file their ITR without professional help. The CBDT chief stated that the Budget provisions related to income tax payment benefit all income earners, not just those earning Rs 12 lakh per annum, creating a positive sentiment in the economy and propelling growth. The department is also harnessing technology, including AI and data analytics, to widen and deepen the tax base, resulting in increased compliance and tax revenue. Agrawal further highlighted the positive impact of data availability and simplified tax processes on compliance rates, citing examples of taxpayers filing revised returns and paying taxes after being prompted by the department's data analysis.
Pooja Khedkar, a 2022 batch IAS officer of the Maharashtra cadre, allegedly submitted fake disability and Other Backward Class (OBC) certificates to clear the civil services exam, an official said on Wednesday.
'Under this amendment, in any dispute over Waqf properties, the Waqf Board cannot approach the court.' 'This is very surprising because the government instead of protecting Waqf properties they are snatching it away and not allowing them to go to court.' 'The third biggest landowner in India is the Waqf Board after the Indian Army and Indian Railways.'
The SET's findings have now been taken on record by the Central Bureau of Investigation which recently raided the 2008-batch Indian Revenue Service officer after it filed an FIR against him for corruption and alleged violation of rules in the raids that took place at the Cordelia cruise berthed at the Mumbai coast on October 2, 2021.
Police had launched a search for Manorama and her husband Dilip Khedkar after a video surfaced showing her allegedly threatening some persons with a gun over a land dispute at Dhadwali village in Pune's Mulshi tehsil.
The India-US nuclear deal was aimed at ending India's nuclear isolation and nuclear apartheid, recalls Rup Narayan Das.
Ram Rahim, lodged in Rohtak's Sunaria Jail, is serving a 20-year sentence handed out to him in 2017 for allegedly raping two of his disciples.
The Delhi high court on Monday directed Trinamool Congress leader Saket Gokhale on Monday to apologise and pay Rs 50 lakh damages to former diplomat Lakshmi Murdeshwar Puri, wife of Union minister Hardeep Singh Puri, for his defamatory tweets against her over the purchase of a property in Switzerland.
'One of our MLA's homes has already been attacked by the mob. This legislator was beaten. This MLA belongs to the Meitei community.' 'There is a complete collapse of law and order in Manipur.'
Enhancing your credit score is the key to improving loan eligibility and securing a favourable interest rate.
Submitting a late return helps you stay compliant with tax regulations and avoid legal issues.
'Trump's disregard for norms and institutions could prove very costly for America's social fabric.'
Taxpayers are filing their income tax returns (ITRs) early for the Assessment Year 2024-25 (FY25). By April 29, over 592,000 returns were filed, with over 538,000 verified and 367,000 processed. Early filing allows revisions without penalties.
Probationary Indian Administrative Service officer Puja Khedkar, who is in the eye of a storm for alleged misuse of power and manipulating disability and OBC quotas, sidestepped questions related to the ongoing probe against her on Monday, saying the truth will eventually prevail, while the Pune police searched for her parents in a separate criminal case.
The chargesheet against the associate of Shiv Sena-UBT MP Sanjay Raut was submitted before the court's registry and it will come up before the special judge for cases under the Prevention of Money Laundering Act after scrutiny of papers.
About 82 per cent of the total income from unknown sources declared by national political parties in 2022-23 came from electoral bonds, according to a poll rights body.
Many senior citizens fail to disclose certain incomes like interest, commissions, or dividends in their ITRs.
Mishra said that the court has fixed July 7 for the next hearing.
Narrating the role of Vadivelu in Maamannan, the judge said the eighth respondent Karuppu faced a similar situation in this case.
The ED had attached Sai Resort NX, constructed over the land located at Gut no: 446, Murud in Ratnagiri's Dapoli, in January.
On October 2, a legislature committee wrote letters to the 14 companies, initiating an investigation and seeking details about recent price increases in several generic products available in the American market.
The bench said most of the allegations in the corruption case registered by the CBI against Sisodia were "hearsay", based on the statements made by approvers and would not pass scrutiny before the trial court without any concrete material.
Amid a gradual rise in daily Covid-19 cases, the Union health ministry said on Thursday that the XBB.1.16 subvariant of Omicron might be the dominant virus strain in the country but there has been no reported increase in the rate of hospitalisation or death so far.
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.
'Over the last 65 years the state has seen majority of Maratha chief ministers and cabinet ministers, even Union cabinet ministers.' 'The Marathas have always wielded disproportionately significant political, commercial and social influence in the state and yet they are asking for reservations today.'
Reinvent and innovate will be the key mantra for the Indian pharma industry in the New Year as the 'pharmacy of the world' looks to move from volume to value leadership, amid emerging challenges of inflation and pricing pressures in the global markets. While R&D investment, market competitiveness, regulatory scrutiny, and domestic price regulations are expected to shape the growth of generics and injectable products, concerns such as price control and customs duties on medical equipment will continue to bother the healthcare industry in 2023. The industry believes that in view of India's G20 Presidency, digital health innovation, achieving universal health coverage, improving healthcare infrastructure and delivery will continue to be the key driving factors in 2023.
The department apparently suspects the use of shell firms or front entities in some aspects of such remittance. Money might, it suspects, have moved in some cases from tax-free jurisdictions or tax havens to accounts in the UAE and some South Asian countries.
Here are some facts about Rishi Sunak and his India connections.
The recovery notice issued by the Directorate of Information and Publicity (DIP) also includes the interest on the amount and makes it mandatory for the ruling party in Delhi to pay the whole amount within 10 days, the sources said.
Trump said that Mar-a-Lago in Palm Beach was "occupied by a large group of FBI agents".
Xi does not want to risk any political or economic crisis complicating his bid to remain in office, observes Ambassador Shyam Saran, the former foreign secretary.
Nirmala Sitharaman said in Lok Sabha that in case of medical emergencies, marriages and other crisis situations, a depositor of the Maharashtra-based PMC Bank can withdraw up to Rs 1 lakh by invoking the 'hardship provisions' of the RBI.
Resisting the Supreme Court's attempt to revisit the 2016 demonetisation exercise, the government said on Friday the court cannot decide a matter when no tangible relief can be granted by way of "putting the clock back" and "unscrambling a scrambled egg".
Marking a key milestone in the Indian government's fight against black money allegedly stashed abroad, India will get this month the complete information on flats, apartments and condominiums owned by Indians in Switzerland as also on earnings made from such properties to help it look into tax liabilities associated with those assets.
Leader of Opposition Mallikarjun Kharge and some other members sought that the bill be referred to a standing committee for scrutiny.
