FIIs fear short-term capital gains would give rise to tax uncertainty and make their operations difficult, reports Pavan Burugula from Mumbai.
This is the lowest amount of funds held by Indians in the Swiss banks ever since the Alpine nation began making the data public in 1997.
Income tax officials have directed property dealers and registration authorities to prepare a list of top property deals that have taken place in the last three years.
It said the by-election will be held in 'due course when the vitiating effect created by the distribution of money and gift items to allure the electors...gets removed with the passage of time'.
Officials said that taxmen visited seven locations in Bengaluru and three in Hyderabad of those event management companies which were given contracts to give a blockbuster look for the wedding of Bramhani last week.
The onus of the tax dues of Rs 22,100 crore on Vodafone India's British parent could also fall on the merged entity.
Explaining the modus operandi, Assistant Commissioner of Police (Crime) Mukund Hatote told a Thane court that "best performing" staffers were given reward of up to Rs 1 lakh by the operators of the racket for making US nationals cough up money.
Polling in Vellore was scheduled on April 18.
The Income Tax department has issued notice to a firm owned by Robert Vadra as part of its probe to understand the "financial structure" of the company and real estate projects undertaken by it.
Database to contain taxable financial transactions and history of any tax-paying individual.
The Tax Administration Reform Commission submitted report to Jaitley in June 2014.
In a first, Opposition-ruled states on Saturday got the Centre to delete from the records three minutes of the last GST Council meeting that provided for tweaking of agreed criteria for division of taxpayers under the Goods and Service Tax regime.
The jobless armies of youthful India are getting angrier and desperate, warns Shekhar Gupta.
In private, AIADMK spokespersons say that the raid on Chief Secretary P Ramamohana Rao might be aimed at weakening the AIADMK, and demotivating the party from selecting/electing Jayalalithaa's confidante, Sasikala Natarajan, as her successor -- first as party head then possibly in the government, says N Sathiya Moorthy.
'The IAS officers are after the rich people, the IRS officers are after the middle class and the IPS officers are after the poor. This is the new varnashrama created by the bureaucracy.'
The question that is being asked is: Does the GST campaign gain from his all-too-familiar face taking forward its message or will brand fatigue flatten the impact?
Any company resident in a country has to pay both indirect taxes as well as Income Tax.
The total money of Indians fell by 45 per cent during 2016 to CHF 675.75 million, marking the biggest ever yearly decline in such funds.
Honest tax payers need not worry about the new black money law, says finance minister Arun Jaitley.
'All of Indira Gandhi's bad economic ideas are being strengthened, from nationalised banks to anti-poverty, handout yojanas,' says Shekhar Gupta.
With wages rapidly rising in China, all is still not lost. Wage costs in India are significantly lower and this fact could still help us turn the tide in our favour.
'Chidambaram, lots of people argue not without justification, is all about bluff and bluster without any concrete achievement on the ground. His record in the finance ministry fully endorses that view,' argues Virendra Kapoor.
The Opposition on Monday charged the government with trying to promote crony capitalism, creating fear by giving "unbridled power" to taxmen, trying to snoop into people's lives through increased use of Aadhaar through the provisions of the Finance Bill.
At ATMs, as a step to avoid getting Rs 2,000 notes, people are withdrawing Rs 1,900 in Rs 100 notes and then putting another request for the balance Rs 600, so that they remain within the limit of Rs 2,500 per day of withdrawal.
The workers who were hired straight out of school as unskilled labourers are now struggling to find alternative employment because they lack skills.
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