Continuing to shed its famed banking secrecy veil, Switzerland today made public more names about which it has been approached from abroad for information, even as it published fresh gazette notifications about two Indians -- Sayed Mohammed Masood and Chand Kauser Mohammed Masood.
Winning against Covid means thinking ahead, at least six months, putting in place the likely scenarios of what might happen, and then planning. Planning is the role of the government. Having planned, it should communicate what and why. Then, get out of the way, recommends Naushad Forbes.
With a staff crunch, it seems the I-T department would now target only the big fish rather than go after small assessees.
'Tell me, one BJP policy that Mamata has opposed and is fighting tooth and nail?' Be it Article 370, instant triple talaq, be it CAA/NRC/NPR, be it notebandi, FDI, she has aligned with the BJP.'
the I-T department attached a total of 12 plots of Bharti and her husband Shailesh Kumar, Bihar Deputy Chief Minister Tejaswi Yadav and ex chief minister Rabri Devi, and sisters Ragini and Chanda Yadav.
Sebi's surveillance department has red-flagged unusual trading patterns in some stocks. Shares of some companies were seen going up ahead of a sharp sell-off.
'I am indirectly related to VG Siddhartha. Excellent human and brilliant entrepreneur. I am devastated with the contents of his letter,' Mallya said on Twitter.
In the first of a three-part series Paranjoy Guha Thakurta details the salient features of the Undisclosed Foreign Income and Assets (Imposition of Tax) Act, 2015.
The agreement provides for extensive cooperation in the civil nuclear energy sector including in research and development for peaceful uses of nuclear energy, they said.
'The quick fixes have failed; there is now no alternative to deeper reforms,' says Ajay Shah.
The Enforcement Directorate on Wednesday said it has arrested two persons in Chennai for alleged illegal exchange of Rs 6 crore in old notes "in connivance with" sand-mining baron J Sekhar Reddy as part of its money laundering probe post demonetisation.
'If the epidemic is sharply contained in a month or two, we have a huge buying opportunity. 'If not, we are staring at a serious economic crisis, the contours of which we are totally unaware of,' warns Debashis Basu.
The assets mentioned in the Sebi order are already in possession of the ED for violation of an anti-money laundering law by Mallya and PMLA overrides all other laws, providing ED first right over the assets.
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
ED has submitted a chart of total $60.54 million received by the firms directly or indirectly owned by Talwar between April 23, 2008 to February 6, 2009.
Is the Budget sufficiently prudent? It probably is but at the cost of substantial under-provisioning for the many grand sounding schemes announced in it, says Nitin Desai.
CBDT stated the searches were on a group based at Chennai and Tiruchirappalli, strictly in line with the Income Tax Act
'The revival of household savings and investment is the litmus test of whether we are on the road to recovery,' says Nitin Desai.
Speaking to media persons after a team of Central Bureau of Investigation, Income Tax and Enforcement Directorate left his Kamaraj Lane residence in New Delhi, Kalmadi said: "I welcome the investigations. I would fully cooperate with the agency. Those documents, which they have not been able to locate, would be traced and handed over the agency."
Under scanner of the Enforcement Directorate for his alleged links with Hasan Ali Khan, Puducherry Lieutenant Governor Iqbal Singh has admitted recommending expeditious issuance of passport to the alleged tax evader but claimed he did not know him.
Chidambaram said that if the government is of the view that Karti has alleged undisclosed assets he would ask it to make a list in this regard and his son will voluntarily execute any document necessary to transfer such assets to it for a nominal consideration of Rs 1.
A sessions court on Wednesday granted the Enforcement Directorate permission to question top tax evader Hasan Ali, who is presently lodged in Mumbai's Arthur Road jail. According to reports, the interrogation would be video-recorded as per the orders of the Supreme Court.
Trump said that his proposal should be supported by both parties (Republican and Democratic) as a fair compromise -- one where nobody gets everything they want, but where the country gets the critical reforms it needs.
This is for the first time that Vadra's associates have been linked to alleged commissions received in defence deals by the ED.
The government notified the compliance window under the Act.
Nirav Modi and his uncle Mehul Choksi are being investigated by the Enforcement Directorate for allegedly cheating the PNB, the country's second largest lender, to the tune of more than $2 billion.
The Nifty and Sensex traded close to their respective all-time highs.
The first high-level meeting of the Special Investigation Team on the issue of black money and special probe into cases of unaccounted funds stashed away abroad by Indians will be held in New Delhi on Monday.
The Income Tax department and Enforcement Directorate have been asked by the government to pull up their socks and expedite disposal of cases related to terror financing in various parts of the country.
The government has not done its homework or made any attempt to forge a consensus on this matter that affects millions of people in the organised sector, says Harsh Roongta.
'If anything, he is a fiscal hawk.' 'He has avoided fiscal profligacy completely for the past four years.' 'The fiscal deficits since 2014 are clear proof of this.' 'The point is not that it is not 3 per cent yet; it is that it is not 6, 7 or 8 per cent, which it could easily have been.' 'For this he needs to be congratulated.' 'He has recognised it no longer pays to spend other people's money to win elections,' points out T C A Srinivasa-Raghavan.
A probe report will also be submitted to the apex court investigations are complete.
With the Election Commission taking extensive steps to check misuse of money during polls in Bihar, top politicians and candidates are now voluntarily appearing before expenditure observers deputed at airports and other places to declare their cash. The EC has recently activated an Election Expenditure Monitoring (EEM) cell at its headquarters in Delhi to curb the use of illegal money.
A slew of challenges that are yet to be resolved include the lack of consensus between the Centre and states over the GST exemption threshold limit, dual control over scrutiny and assessment
If any foreign account holder violates Indian laws, tax authorities can enforce repatriation of funds.
Official sources said the ED will focus on the event managers and will also issue summons to them under the Foreign Exchange Management Act (FEMA) to explain how they got the foreign exchange that was paid to the singer.
Out of these, no balance has been found in case of 289 accounts
Income Tax dept to enhance prosecution against large defaulters.
The ED's line of questioning, officials said, is revolving around Rhea's income, investments, business and professional deals, and links.
From the roll-out of GST to H1B visa problems, the government needs to quickly deal with various disruptions.
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