It said the searches that were launched on July 22 in nine cities like Bhopal, Indore, Delhi, Ahmedabad, Noida and some others are "continuing and further investigations are in progress."
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
The ED said its investigation also revealed that from 2019 to 2022, the sale of 'unaccounted illicit' liquor was almost 30-40 per cent of the total liquor sale in the state.
According to a senior official of the Customs Department, the Finance Minister will hold review meeting on Service Tax Voluntary Compliance Encouragement Scheme.
Sebi's plea for such powers has been endorsed by the finance ministry.
'There shall be no change in India-Japan ties,' predicts Rajaram Panda.
Mayawati recently appointed her brother Kumar as national vice president of the Bahujan Samaj Party.
Union Commerce Minister Nirmala Sitharaman said she will pursue the matter with the finance ministry
The top boss of the I-T department said that till now, the taxman has attached 621 properties, including some bank accounts, and the total amount involved in these cases, being probed under the Benami Transactions Act, is about Rs 1,800 crore.
I-T department is investigating 20 listed companies suspected to have falsely claimed long-term capital gains tax exemption
Even before NCP-Ajit Pawar leaders came to meet in Delhi, the central government decided to buy 200,000 tonnes of onions from farmers at Rs 24.1 per quintal. This was among the highest prices at which onions have ever been bought from farmers.
The government has decided to relax angel tax norms for startups, including increasing the investment limit to Rs 25 crore for availing income tax concessions.
Also, a dedicated cell, headed by a member of the Central Board for Direct Taxes (CBDT), will be set up to address concerns faced by start-ups.
The CBEC will itself be rechristened as the Central Board of Indirect Taxes and Customs and will supervise GST and Customs activities and provide the government policy inputs.
India Inc on Thursday pitched for continuation of reforms while ensuring tax and policy stability in the forthcoming Budget to prop up the economy hit hard by the COVID-19 pandemic. In the virtual pre-Budget consultation held with Finance Minister Nirmala Sitharaman, industry chambers said that government measures will help firmly entrench the nascent signs of recovery being currently seen in private investment. Capital expenditure by the government through enhanced infrastructure spending should in the meantime continue to support growth, CII president TV Narendran said.
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.
Wants CBDT to plug loophole in the system.
While the tax treatment does legitimise past crypto transactions, there is a possibility that any, or all, private cryptocurrencies will be banned in future.
Don't create an "atmosphere of fear", the Supreme Court Tuesday told the Enforcement Directorate (ED) after the Chhattisgarh government alleged the probe agency is "running amok" and is trying to implicate Chief Minister Bhupesh Baghel in a money laundering case linked to the alleged Rs 2,000 crore liquor scam in the state.
Regulator finds broker trading through conduits; 26 entities barred from market.
Regulators in the US and some other countries have often used tapped phone conversations to prove insider trading and other charges, including in the famous Rajat Gupta case.
Finance secretary R S Gujral too is believed to have met top Vodafone officials in Mumbai last month.
The issues around trade gaps, especially around steel and aluminium tariffs imposed by the US, will be addressed separately.
In two months, as many as 25 complaints have been sent to Enforcement Directorate, Competition Commission of India, Reserve Bank of India and income tax department, beside various state agencies, to thwart the deal.
The government is targeting export of goods and services worth $2 trillion by 2030.
The Parthasarathy Shome committee gives its second reform report to finance ministry.
The 225-seater plane was later converted to 25-seater plane by Vijay Mallya for his personal use.
The trigger for the action is understood to be the huge spike being registered in the value of bitcoins and other virtual currencies in the recent past.
The US side had pushed for removal of price caps on medical equipment such as coronary stents and a commitment by India to reduce trade imbalance
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
Cooperative societies get more tax benefits as compared to individual house owners.
The Enforcement Directorate has issued a fresh summons to Trinamool Congress member of Parliament Abhishek Banerjee, asking him to appear before it for questioning on March 29 in a money-laundering case linked to an alleged coal scam in West Bengal, officials said on Thursday.
"It is a logical step. The information gathered through annual information returns will now be compared with the tax returns of individuals to see if taxes are paid correctly or not," said a consultant with a leading tax advisory firm.
Sebi has also been asked to put in place a mechanism to monitor the beneficial owner of P-notes
Banks and friendly neighbourhood jewellers can serve as good channels to provide liquidity for gold deposits with built-in incentives for them, suggests Harsh Roongta.
Cohn served as Trump's chief economic advisor since the beginning of the Administration. During his stay at the White House, he led coordination of Trump's pro-growth domestic and global economic policy agenda, including the passage of historic tax cuts and reforms in December 2017, the official said.
'Each state and central government body may be asked to update its system to ensure PAN is used as a common identification to access its services.'
