Congress chief ministers will also boycott the NITI Aayog meeting scheduled for July 27. New Delhi: INDIA bloc leaders staged protests in and outside Parliament today against what they describe as “discrimination” against opposition-ruled states in the recently unveiled Union Budget. Here are 10 points on this big story: Both the Rajya Sabha and the …
PTI | | Posted by Pathi Venkata Thadhagath An FIR was registered on Sunday against BJP Office Secretary Lokesh Ambekallu and two others for illegally carrying ₹2 crore cash in a car, the office of the Chief Electoral Officer said. The matter came to light on Saturday when the Static Surveillance Team (SST) of Chamrajpet …
Income tax raids on Megha Engineering and Infrastructure Ltd (MEIL Group) in 2019 revealed documents of huge amounts of cash delivered by the company and its subsidiary to the Congress, the I-T department has revealed before the Delhi High Court. A 45-page HC judgement on Friday listed these purported payments delivered at “Akbar Road”. MEIL …
The Income Tax Appellate Tribunal (ITAT) on Friday dismissed the Congress’s appeal against action by tax authorities over alleged discrepancies in tax returns that the party says has crippled its functioning just weeks ahead of general elections. IT authorities have attached ₹65 crore from five bank accounts of the Congress. (PTI) {{^userSubscribed}} {{/userSubscribed}} {{^userSubscribed}} {{/userSubscribed}} …
New Delhi: After establishing itself as a key player in the tobacco industry, the Banshidhar Company has come under the radar of Income Tax authorities who are working round the clock to unravel the company’s web of deception. The department today carried out raids at the home and offices of the company’s head KK Mishra. …
The income tax department’s investigation into pharma major Alkem Laboratories has found large-scale tax evasion by the company. In September last year, the income tax department conducted surveys on Alkem Laboratories’ offices and premises after receiving intelligence regarding a large amount of tax evasion by the company. The investigation continued with statements being recorded from …
The Interim Budget 2024 has paved the way for the formal inclusion of the increased Tax Collected at Source (TCS) rates on foreign remittances, as previously announced in the 2023 Budget, into the Income Tax Act. The adjustment is set to come into effect following the parliamentary approval of the corresponding amendment. Finance Minister Nirmala …
Over 10 million taxpayers, mostly small salary earners, will have long-pending notices for dues related to income tax, wealth tax and gift tax withdrawn, finance minister Nirmala Sitharaman announced on Thursday in an amnesty plan that will see dues of up to ₹25,000 in cases prior to the 2009-10 financial year and up to ₹10,000 …
The Income-Tax (I-T) Department is conducting survey action on Hinduja Global Solutions (HGS) in Mumbai, as per an ANI report. Besides this, a survey is also underway on Ashok Hinduja, Chairman of the Hinduja Group of companies. More details are awaited. Group entities under the radar The I-T department has carried out a survey at …
The much-awaited and anticipated festival of the year, Diwali is around the corner. It’s also a moment for the exchange of presents. The age-old practice of giving gifts during Diwali is steeped in the belief that it ushers in good fortune and prosperity. There is an inherent and old tradition of giving and sending gifts …