4 luxury SUVs and documents indicating 'benami' assets of Rs 300 crore have been recovered during income tax raids.
Wealthy Indians shelled out 3.1 per cent of their total income on charitable donations in 2011 and more than half pledged to give even more this year, says a study by global business consultancy Bain & Company.
Jaitley sets condition of 50% assets for applicability of capital gain tax.
Fighting in Ukraine has so far pushed more than 500,000 people across the country's borders, according to the United Nations refugee agency.
Vodafone too has undervaluing its shares by Rs 1,308.91 crore.
911 have been traced by the Securities and Exchange Board of India (Sebi), while the rest of the 402 are not traceable on the bourses
The tourists had risked a defeat inside three days after India, having built a lead of 190, reduced England to 163-5 in their second innings in the second session of the day.
Royal/Dutch Shell on Friday said its $600 million liquefied natural gas import and regassification terminal at Hazira will be commissioned in the second half of 2004 and hoped to make available gas at very competitive price by the year end.
Consumer durables retailers and manufacturers may end up bearing the cost of the Reserve Bank of India's (RBI's) tightening on easy personal loans, as their margins are expected to be impacted by higher borrowing costs. During the recently passed festival season, consumer durables companies started offering longer tenure loans, zero down payments, and zero interest on a wider assortment of products than ever before, making the products more affordable. While 18- and 24-month easy monthly instalment (EMI) options were available earlier, companies offered them only on select products; now, they are being extended to a larger section of products.
Other than Kapoor, the complaint, running into more than 10,000 pages, named his wife, Bindu; three daughters Rakhee, Roshini, and Radha; and three firms, Morgan Credits, RAB Enterprises, and Doit Urban Ventures, allegedly controlled by them.
At least half a dozen national and international oil giants, including Reliance and Royal Dutch Shell, joined the race, on Friday, for acquiring government's 34 per cent stake in Hindustan Petroleum Corporation Ltd.
The income tax department on Wednesday conducted raids in multiple states as part of a pan-India tax evasion probe against certain registered unrecognised political parties (RUPP) and their alleged dubious financial transactions, official sources said.
The multinational oil firm, however, is required to furnish a Rs 500 crore bank guarantee to the government.
PNB officials entered into a criminal conspiracy with 19 accused companies, the FIR alleges.
The lack of clarity on who is next in line, when the time comes, as indeed it will one day some day, reflects poorly on the management of the world's largest political party. It scarcely need be said that a squabble between the contenders, Shah and Yogi, is exactly what the doctor ordered for the Opposition, notes Krishna Prasad.
The apex court had earlier restrained the high court from proceedings with the PILs seeking a probe against Soren in the mining lease issue.
A Spanish court will push ahead with the process of prosecuting Argentina and Barcelona forward Lionel Messi for alleged tax evasion despite a recommendation from the public prosecutor the charges be dismissed.
More and more women are making their presence felt in jobs related to sciences, technology, and engineering across organisations.
Though there have been no cancellations of contracts by invoking the force majeure clause, a number of clients - especially in the worst-affected sectors like travel and hospitality, oil and gas, as well as manufacturing - have started asking for reducing level of IT support.
Amidst allegations that Apple is evading US taxes through overseas shell companies, the White House said this raises the broader question of American companies that ship profits and jobs overseas, a issues often raised by US President Barack Obama in the last few years.
The bail plea was opposed by ED which had said the offence committed by him has cross border implications and if released, he would not be available for further ongoing investigation.
A curfew was imposed in Haldwani on Thursday after local residents set vehicles and a police station on fire and hurled stones, injuring more than 60 people, over the demolition of an 'illegally built' madrasa and an adjoining mosque, officials said.
A bench of Justices B R Gavai and Vikram Nath said the matter requires to be heard.
As of March 25, life insurers have paid Rs 1,986 crore towards 25,500 Covid death claims
Talks not to resume till the island nation expedites revision of double-taxation avoidance agreement.
Shell India Pvt Ltd (SIPL) had not been granted licence to sell petrol and diesel in the country, the government said on Thursday.
The agency's probe till now found that huge monies were transferred through RTGS transfers to some shell companies including a case where the director of such a firm was a petty labourer
Corporate India shelled out Rs 1,75,428 crore (Rs 1.75 trillion) as taxes, including corporate tax and the Fringe Benefit Tax, in 2007-08 financial year.
This follows an investigation into alleged violations of foreign exchange rules involving foreign direct investment of Rs 85 crore and Rs 140 crore by JP Morgan India and Amrapali Group firms.
'If they are not, then the Modi government should order a JPC immediately.'
Chanda Kochhar, who was arrested for a cash-for-loan scam on Friday, was once a powerful banker and instrumental in making ICICI Bank the country's biggest private sector lender. Kochhar, a regular feature on Forbes top global honchos lists, was arrested by the Central Bureau of Investigation (CBI) along with her husband Deepak Kochhar in connection with alleged cheating and irregularities in loans sanctioned by ICICI Bank to Videocon Group companies. Kochhars were called to the agency headquarters and arrested after a brief questioning session. Her chapter at ICICI Bank ended abruptly in 2018 when the board of directors approved a request from Kochhar to seek early retirement following allegation of corruption and quid pro-quo while extending loans to the now bankrupt Videocon Industries.
Government has asked world's number three oil and gas group Royal Dutch Shell to furnish more details of its plans to set up about 2000 petrol stations in the country before it can be granted licence to sell petrol and diesel.
Finance Minister P Chidambaram may introduce Controlled Foreign Companies rules to tax income from Indian-owned foreign subsidiaries. That means, irrespective of whether the income is brought to India or parked outside, Indian tax rates will be have to be paid on such income.
A special court on Mumbai on Tuesday rejected a plea filed by former Maharashtra home minister Anil Deshmukh seeking 'default bail' in an alleged money laundering case.
While pronouncing the order, the high court said there was no illegally or infirmity in the trial court's order by which the bail pleas were dismissed.
The income-tax department has detected "unaccounted" transactions and investments worth more than Rs 100 crore after it raided two Jharkhand Congress MLAs, their alleged associates and linked coal and iron ore businesses across the state last week.
A look at the deals in the past that made news, awed investors and probably gave management sleepless nights.
The United States has forfeited properties worth US$ 2.1 million which were allegedly purchased with the proceeds of bribes paid to the family of former Taiwanese president, Chen Shui-bian.
Congress on Wednesday attacked the Bharatiya Janata Party for giving a clean chit to its President Nitin Gadkari facing charges of owning shell companies, alleging it has shown the "bankruptcy" of the opposition party's leadership and the "mask" has now come off "exposing its real face".
