Karnataka Chief Minister Basavaraj Bommai on Monday said that he will ask his Maharashtra counterpart Eknath Shinde not to send his ministers to Belagavi, amid the raging border dispute between both the state, as it may disrupt the law and order situation in the border district.
The I-T department had issued re-assessment notice in March 2015 to the media group after noting that Rs 642 crore has allegedly not been computed for the tax assessment purposes of NDTV for financial year 2007-2008.
There are over 25 crore PAN card holders in the country while Aadhaar has been issued to 111 crore people.
Since the onset of the monsoon on June 24, 217 persons have died in rain-related incidents in Himachal Pradesh.
Around 125 teams of the Transport and Revenue departments will be deployed during the 15-day plan so that the scheme could be effectively implemented.
The government managed to raise revenues by sending notices to high net individuals to did not file I-T returns last year.
Thanks to an ambiguous law on the import of platinum alloys, some bullion importers are making big profits. A handful of them are importing refined gold cloaked as platinum alloy. Gold attracts 15 per cent import duty, as opposed to platinum alloy that invites a duty of 10.75 per cent. Industry sources say this is a case of mis-declaration and duty violation.
There will be a blanket ban on the production, sale and use of all types of firecrackers in the national capital, including on Diwali, till January 1, 2023, Environment Minister Gopal Rai said on Wednesday.
Local train services came to a halt between Badlapur and Ambarnath section in Maharashtra's Thane district adjoining Mumbai due to water-logging on railway tracks after heavy rains, officials said.
At least two persons were killed and four others injured in West Bengal's Jalpaiguri district as a mortar shell, reportedly carried by the floodwaters of Teesta river, exploded, police said on Friday.
The government declared Monday (Dec 4) a public holiday and urged private companies to encourage 'work from home' option for its employees in Chennai, Tiruvallur, Kancheepuram and Chengalpattu districts.
Mumbai, which adds 37 per cent to the total direct tax mop-up, has reported tax collection of Rs 4.93 trillion so far, against the full-year target of Rs 5.35 trillion.
The guidelines for strategic disinvestment were issued on Monday itself when Finance Minister Arun Jaitley presented the Union Budget for 2016-17.
As heavy rains continued to batter Kerala, landslides and flooding were reported from many parts of the state, especially its southernmost district of Thiruvananthapuram, which was severely affected by waterlogging in several areas on Sunday.
But the government will present a second tranche of Supplementary Demands for Grants during the Budget session of Parliament in February, when it can seek additional spending.
The Appointments Committee of Cabinet has named Ravneet Kaur, a Punjab cadre IAS officer of 1988 batch, as chairperson of the Competition Commission of India (CCI). Kaur will hold the post for five years or until attaining the age of 65. She is the second woman to serve in an 'economic regulator' role after Madhabi Puri Buch, who was appointed chairperson of the Securities and Exchange Board of India last year and the first woman to head the country's chief national competition regulator.
The apex court has settled the long-pending dispute between companies such as Samsung, IBM, HP & others and the tax department.
The Supreme Court has dismissed an appeal filed the customs department against Adani Power Maharashtra Limited (APML), Adani Power Rajasthan Limited (APRL) and others in a case pertaining to alleged over-valuation of imported goods. "We have heard Balbir Singh, Additional Solicitor General appearing for the appellant(s), and Mukul Rohatgi, senior counsel appearing for the respondents, at length. "We are of the considered opinion that the matters are concluded by the findings of fact recorded by the authorities below and the impugned order(s) does not require any interference at our behest.
India's tax officials, long the scourge of foreign investors, are under government pressure to avoid aggressive claims against overseas funds.
The Centre could further moderate its divestment target for 2024-25 (FY25), as it does not expect large receipts from asset sales - except some ongoing strategic ones, including IDBI Bank, which could spill over into next financial year. Also, it may drastically reduce its FY24 divestment target of Rs 51,000 crore. "We are still evaluating the Budget estimates for FY25. "New big-ticket asset sales are unlikely.
He said assessees' "comfort zones" have to be significantly enhanced, even as deliberate evaders and offenders are punished.
Every bank offers a different slab of minimum balance to customers, based on which 'free services' are provided
The FIR was lodged against food inspector Rajesh Vishwas, Sub-Divisional Officer of Pakhanjore RL Dhivar and Sub-Engineer Chhotelal Dhruv, both from the water resources department, at the Pakhanjore police station based on a complaint of nayab tehsildar (revenue official) of the area, a police official said.
GST authorities have detected GST fraud of Rs 55,575 crore over the last two years and arrested over 700 persons for causing loss to the exchequer, an official said on Thursday. Over 22,300 fake GST identification numbers (GSTIN) were detected by the officers of the Directorate General of GST Intelligence (DGGI). The government on November 9, 2020, launched a nationwide special drive against unscrupulous entities for availing and passing on Input Tax Credit (ITC) fraudulently by issuing fake/bogus invoices, thereby evading Goods and Services Tax (GST).
Union Minister Vilasrao Deshmukh on Tuesday appeared to be laying the blame for the Adarsh scam at former Chief Minister Ashok Chavan's door when he told the judicial panel probing it that the land was allotted to the society after a go-ahead from the revenue department.
Around 73,388 people have defaulted aggregating to Rs 3,859 crore.
Senior tax officials were told to focus on cash collection from the arrears so that the target for FY23 was achieved and the overall revenue position improved.
The Supreme Court on Thursday extended Mishra's tenure till the midnight of September 15 in larger "public and national interest", after the Centre asserted that his continuity is necessary in view of the ongoing FATF peer review and attempts by India's neighbours to ensure that the country gets into the "grey" list.
The 'angel tax' provision in the Finance Bill will not impact startups in India, a senior government official said on Tuesday. Startups which are registered with the Department for Promotion of Industry and Internal Trade do not come under the purview, Anurag Jain, the secretary in the department said while speaking at the IVCA Conclave. "Let me put one thing very clearly. It doesn't affect startups in the least," he said, addressing the audience at the event organized by the venture capital industry lobby grouping.
As the heavy rains continued on Wednesday also, Orange alert was sounded in 12 of the 14 districts of the state for the day.
"Is this a case for NSA?," the bench asked the state's counsel while observing that this is why allegations of political vendetta crops up.
The revenue will accrue to the government as the organisations will be required to deduct tax at source while making payments to players, umpires, coaches, commentators and others involved with the tournament.
Among the current FTAs with significant trade deficits for India, five are with countries from the 10-nation Asean bloc. Exports to the 10 economies stood at $ 37.4 billion in 2018-19, up by 9% year on year. On the other hand, imports were higher at $ 59.31 billion, up by 25% from the previous year's $ 47.13 billion.
The California-headquartered company has not only seen more Indians coming to its platform, it has also seen engagement and conversation on various subjects going up manifold.
The Minister assured that the I-T department would take a benign view of assessees volunteering to file returns and clear their dues and interest.
The government has already sanctioned Rs 4,200 crore for upgradation of information technology infrastructure of Central Board of Direct Taxes (CBDT) for processing returns, refunds, faceless scrutiny and verification.
In its mid-year analysis presented in Parliament earlier this week, the Finance Ministry had said that there were concerns about overheating of the economy in the midst surge in capital flows.
Revenue minister Narayan Rane lifted a stay on an earlier order of the government.
The department had recently sent a tax reminder notice to the British telecom major.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances