He belongs to the dominant Mudukulathor community and has risen from humble origins, having run a tea stall at his home town Periyakulam which is still being operated by his family.
To check rising current account deficit, the government raised import duties and the RBI imposed curbs on import of the metal and also laid down various pre-conditions for inward shipments of the precious metal.
Govt could cut the GST rate payable every time someone buys a health insurance product; or it could also provide a larger income tax set off for those who buy a health insurance product
'Only when you see it, you will understand how bad the situation is.' 'The soil in the entire mountain range is soaked with water now and that uproots the trees.' 'It is frightening to see the way the soil drags down the trees with great force.'
India has joined global efforts to combat global tax evasion.
Maharashtra Police found over 300 migrant workers holed up inside two container trucks meant for carrying essential commodities from Telangana to Rajasthan.
Treats gains on sale of as capital gains, not business income, spares him from huge tax liability.
Tax department has launched 60 prosecutions.
An announcement has barred the entry of journalists in the finance ministry.
Chidambaram said the RMS is based on trust and is part of international co-operation efforts on trade-related issues. The facility will enable low-risk consignments to be cleared based on self-assessment declarations by exporters.
Service tax accounts for one-third of the total indirect tax collection in the country and the government expects to raise Rs 1.8 lakh crore (Rs 1.8 trillion) through the levy this fiscal.
Iqbal Ansari, one of the main plaintiffs who fought for the right of the community over the disputed land, says Muslims in Ayodhya won't be satisfied if the Sunni Waqf Board accepts the five acres in Dhannipur.
Nokia's Chennai plant is under freeze over tax dispute.
Last year, the e-filing commenced on July 1 as there was delay in finalisation of the ITR forms
The protests were held after police detained Dalit leader and independent MLA Jignesh Mevani, and over 70 others, in Saraspur area of Ahmedabad on Sunday morning when they tried to stage demonstrations over Vanakar's death.
Despite the growing clamour from the central government on India turning digital, and banks requesting direct bank account transfer, the state government decided to hand over cheques to the farmers, which can be immediately converted into cash.
Most of the individuals hail from Mumbai, Kolkata, Ahmedabad, Surat, and Delhi
The meteorological department has issued a warning of heavy rain and thunderstorm in several parts of the country.
As many as 68 artworks went under the hammer on Tuesday evening and included works by the greats like Raja Ravi Varma, V S Gaitonde, F N Souza, Jogen Chowdhury, and Akbar Padamsee among others.
The forthcoming Budget, the last full one before the 2019 Lok Sabha elections, is expected to contain a number of sops and feel-good announcements, especially regarding social sector schemes.
Nokia may be allowed to sell Chennai mobile plant.
The governor's remarks came in reply to a letter by National Conference vice-president Omar Abdullah earlier in the day, expressing concern over the reports of changes proposed to the procedure of granting permanent residence certificates in the state.
Prime Minister also underlined the need for increasing the number of tax payers to 10 crore.
Apple sought exemption from mandatory local sourcing of components for its products
The opposition parties vehemently criticised the new 'one nation, one tax' system having four different rates instead of a single rate adopted in some countries including the UK and Singapore.
The EPFO has about 3.7 crore (37 million) members.
While Arun Jaitley remains part of the decision making process, Piyush Goyal, who was given additional charge on May 14, attends cabinet meetings and takes the day-to-day decisions.
One police officer's initiative has led to reuniting 92 people with their families.
Tamil nadu Chief Minister and All India Dravida Munetra Kazhagam supremo J Jayalalithaa on Monday sacked three ministers and six district heads in the backdrop of her party's defeat in three Lok Sabha seats in Tamil Nadu and Puducherry.
A decision by P Chidambaram in his last days as finance minister has annoyed the revenue department.
Even as the government's move to hike import duties on 45 items is seen as a sign of protectionism, the prime minister was himself involved in the process.
The revenue department had sent notices to FIIs.
Taxpayers might face several issues while filing returns this year.
The modus operandi highlighted by CBI says that while the corporate strikes a deal for imports with a company in one country, the billing is done at inflated prices in other country by the group's front company.
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