Income Tax dept will launch over 100 fresh prosecution complaints.
Seven out of 10 smokers in India are aware that smoking is dangerous. Yet, 53 per cent have been unsuccessful in their attempts to quit.
The Income Tax Department on Tuesday also raided 20 premises linked to Gitanjali Gems promoter Mehul Choksi and suspected shell firms in connection with an alleged tax evasion case against them, official sources said.
Can lead to imprisonment up to seven years.
Database to contain taxable financial transactions and history of any tax-paying individual.
The Supreme Court on Tuesday said limited scope of a judicial review in economic policy matters does not mean that the court will fold its hands and sit back, observing that the manner in which a decision is taken by the government can always be examined.
Nirmala Sitharaman is proving to be a better finance minister than her initial rookie status might have led people to expect, observes T N Ninan.
The I-T department also attached 34 bank accounts and fixed deposits, valued at Rs 1.45 crore, of the Gitanjali group.
This route accounts for Rs 2.75 lakh crore of FPI holdings.
Gopal Krishna Madhav, who was appointed as an OSD to the deputy chief minister in 2015, was caught red-handed by the CBI while taking a bribe to settle a tax evasion matter.
Bhavana Arora, who had staged an ink attack on Kejriwal in January, hurled a slipper at the AAP leaders' car outside the Income Tax office here at around 3.15 pm.
The investigating officer of the case had grilled him for over four hours on Friday and about eight hours on Saturday as part of the probe.
While making his first appearance on Friday, after he arrived by air from Bengaluru, the Kanakapura MLA had said he will cooperate with the ED probe.
The government has hiked gold import duty to 15 per cent from 10.75 per cent to check the current account deficit (CAD) and rising import of the yellow metal. The duty changes came into effect on June 30. Earlier, the basic customs duty on gold was 7.5 per cent, now it will be 12.5 per cent.
India on Monday got the backing of Switzerland in its bid to become a member of the Nuclear Suppliers Group.
After Income Tax, it's now the turn of the Service Tax department to issue a notice of Rs 4.94 crore dues to Yoga guru Ramdev's trust for alleged duty evasion on its income raised through country-wide 'yog shivirs' (camps).
The agreement on sharing of financial information is a distinct and welcome break from its trend.
The Gujarat high court on Monday said it does not have faith in the state machinery which gets into action only after innocent lives are lost, as it pulled up the Rajkot civic body over the purported lapses in functioning of the game zone facility where a massive fire killed 27 persons.
Burman held an undisclosed, yet, active account in an HSBC branch in Zurich
FY16 GDP growth was seen at 7.5%, against 8.1-8.5% earlier.
There are over 25 crore PAN card holders in the country while Aadhaar has been issued to 111 crore people.
As per the revised return filing timeline decided by the Council, for July, the sale returns will have to be filed by September 5 instead of August 10. Companies will have to file sale invoice for August with the GST Network by September 20 instead of September 10 earlier.
The agency filed its affidavit in response to Goyal's habeas corpus (produce the person) petition in which he claimed he was illegally arrested by the ED in the case.
Praveen Kakkar has alleged that the Income Tax raids at his premises were politically motivated, and claimed nothing objectionable was found against him in the two-day operation.
The tax department will analyse mismatches in income declarations and spending patterns to trace tax evasions and black money.
Pressure on Franz Beckenbauer to explain payments and provide answers over a 2006 World Cup scandal grew on Tuesday, a day after the president of Germany's FA (DFB) resigned despite insisting he had done nothing wrong.
The 90-day compliance window to declare overseas wealth ends on September 30.
The Reserve Bank on Thursdaysaid it is keeping a close watch on global banking major HSBC.
Boris Becker's thunderous delivery earned him the nickname 'Boom Boom' as a 17-year-old Wimbledon winner in 1985 but on Friday, aged 54 and bust, the German great was told he must serve time in prison.
Sebi had, in February, dropped allegations of fraudulent and unfair trade practices against NSE's former heads Ravi Narain and Chitra Ramakrishna in the co-lo case.
IT Department asks car dealers to furnish ledgers of all customers who have booked vehicles from November 1.
Replying to a question in Rajya Sabha, Minister of State for Finance Nirmala Sitharaman said the drive against tax evasion is an ongoing process and the government has taken various steps under a multi-pronged strategy to deal with the issue of black money.
IIM-B, professor R Vaidyanathan talks to Shobha Warrier about black money, Mudra Bank and Jaitley's Budget.
The finance ministry said the notification pertains to putting in place an efficient mechanism for collection of stamp duty on security market instruments transactions through stock exchanges or clearing corporations authorised by stock exchanges and depositories.
Ajit Balakrishnan offers a New Year resolution for our policy-makers.
As per Indian tax laws, bonus in kind paid to the employees could be considered as salary income in the hands of the employees.
The total number of returns filed as on August 5 stands at over 2.82 crore as against over 2.26 crore filed during the corresponding period of 2016-17
This is the first big move in the investigation of the British Virgin Islands list where the I-T department has found a significant amount of tax evasion.
The IT sleuths recovered 'incriminating' documents from the premises of Vijayabaskar and others, officials said.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances