In the second half of April, the discount on gold came down to $3 an ounce.
DRS to be used in IPL this year: Rajeev Shukla
In continued post-demonetisation crackdown on black money, stashes of new notes continue to be seized in several states, including Rs 1.05 crore from a tea seller-turned-financier in Gujarat and nearly Rs 90 lakh in Andhra Pradesh.
According to experts, declarations can be made with regard to capital gains or business income, which have escaped assessment
Since the note ban was announced auction houses, galleries and art fairs are witnessing lukewarm sales -- even with masters like Souza, Raza and Padamsee. Ritika Kochhar reports.
The PMGKY will not allow declarants to use claims made for refunds for advance taxes paid, tax deducted at source and tax collected under the scheme.
Tax wing scanning cash deposits between Rs 5-10 lakh
Counting of votes in the high-stakes close-to-call Bihar assembly elections, billed as a hot battle between Prime Minister Narendra Modi and Chief Minister Nitish Kumar, will take place on Sunday.
The Swaraj India chief alleged that the raid was conducted at his sisters' hospital-cum-nursing home premises with an intent to "intimidate" and "silence" him as he had launched an agitation for fair crop price for farmers and against liquor shops in that city in Haryana.
The finance ministry has issued a note which says that the government and the RBI's move to take out Rs 500 and Rs 1,000 banknotes from circulation will help India towards cash-less economy where most transactions are done electronically and that can be tracked.
'Corruption is the tree.' 'Black money is the fruit from the tree.' 'This scheme will expose the unaccounted fruits of the tree.' 'But since the tree will continue to stand, the story will continue,' say Pramod Kumar Srivastava, Sanghamithra and Kravya.
Prithviraj Hegde explains the first results of the demonetisation exercise in layman terms.
Prithviraj Hegde explains the first results of the demonetisation exercise in layman terms.
The Central Board of Direct Taxes has said the government has not introduced any new provision regarding the chargeability of tax on jewellery.
The Specified Bank Notes (Cessation of Liabilities) Act, 2017, was passed by Parliament last month with a view to eliminating the "possibility of running a parallel economy" using the old Rs 500/1,000 notes that have been demonetised.
Why did such a 'socially conscientious' people adapt to cash-for-votes and the like, as fish to water? N Sathiya Moorthy offers an explanation.
Security forces say Naxals have amassed nearly Rs 1,500 crore through extortion, kidnapping, looting and the narcotics trade.
The last leg of poll campaign saw many national leaders canvassing for their parties.
Work in mandis across UP and in northern India which till Tuesday, witnessed heavy arrivals of newly harvested paddy, saw a steep decline.
I-T will now ask the company to produce documents and validate the source of the recovered cash.
While people have paid the price for the disruption it caused, now is the time to reap its benefits, says T N Ninan.
'In the coming months, expect more government action that will be packaged as an assault on black money,' warns A K Bhattacharya.
'If the Modi government is successful in extraditing a high-profile fugitive such as Vijay Mallya or Nirav Modi before the 2019 election, the government will be able to link demonetisation to this and turn it into a positive.'
The case based on "random materials" like loose sheets, papers, e-mail print outs is "merit less" as they are "inadmissible materials" having "no evidentiary value under the law, the court said.
At places in the border districts of Barmer and Jaisalmer, people walked miles through the desert to cast their votes.
The I-T dept has issued 87 notices under section 24 of the said Act
In an online chat with readers, Investment Advisor Harsh Roongta answered their queries on the ban on Rs 500 and Rs 1000 notes.
Demonetisation was aimed at removing black money and corruption, but undisclosed income keeps being unearthed from various parts of the country.
The sources said the taxman has initiated a country-wide operation to identify suspect bank accounts where huge cash deposits have been made post November 8.
Violations of the act, made operational from November 1 last year, attract a heavy penalty and rigorous jail term up to seven years.
The Central Bureau of Investigation on Thursday questioned Himachal Pradesh Chief Minister Virbhadra Singh in connection with its probe into allegations of disproportionate assets amassed by him during his tenure as Union minister.
'You may show at the end of December how much money has come into the system, but none would be the wiser because most of see only what we want to see and believe.' 'Some of us will see through it and you will make your proxies call us enemies of the State.' 'I was somewhat with you till here. But we diverge from here on until you can do something which will veer through my cynicism brought about by your policy,' says Harsh N Gokhale.
The fate of Mohana Rao was not immediately known.
The raid was carried out at a hotel in Karol Bagh in the national capital.
Many foreign investors have been receiving notices requesting their MAT calculations for financial year 2011-2012.
Bulk seizures of new currency continued on Saturday with some more incidents being reported, including one in which the IT department recovered Rs 5.7 crore cash in new notes secretly stashed inside the bathroom tiles of a hawala dealer in Chitradurga district in Karnataka.
Fifty other entities, including the Congress, have been served notices
The raids, codenamed "Operation Kuberan", was ordered by Home Minister Ramesh Chennithala in the wake of public outrage at the suicide of five members of a family, allegedly after running into deep debt on account of high-interest loans obtained from a local money lending racket, known as "blade companies" in local parlance.
'The government's principal aim should be to reduce the volume of cash transactions.' 'That would bring more of the Indian economy within the purview of taxation.' 'The current downturn in economic activity due to a lack of adequate cash is likely to be limited to a year,'
During the searches, a few thousand Pakistani rupees and currencies belonging to the UAE and Saudi Arabia as well as incriminating documents were found
