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4 days ago
'I-T raids reveal Rs 1,430 cr tax evasion by Sasikala kin, associates'

Chennai, Nov 13 (IANS) The Income Tax Department has unearthed tax evasion of Rs 1,430 crore during its raids/searches spread over five days at the premises of jailed AIADMK leader V.K. Sasikala's kin and their business associates, an official said on Monday. We have found tax evasion of Rs 1,430 crore, as of now. This figure is likely to go up as we have also seized incriminating docume...

4 days ago
IT raids at premises of Sasikala's kin continue

Chennai, Nov 13 (IANS) The Income Tax (IT) department's search operations for unaccounted wealth at the premises of jailed AIADMK leader V.K. Sasikala's kin and their business associates continued for the fifth day on Monday, said a senior tax official. The search operations resumed on Monday after it was temporarily concluded on Sunday. The senior IT official declined to reveal ...

4 days ago
Biggest Asean-India business summit in Delhi in January

Manila, Nov 13 (IANS) Underlining the importance of building physical connectivity with the Asean region to further strengthen its economic ties with India, Prime Minister Narendra Modi on Monday announced that the largest so far Asean-India business and investment summit is slated to be held in New Delhi in January next year. Addressing the Asean Business and Investment Summit here, Mod...

4 days ago
Note ban led to formalising large part of economy: Modi at Asean

Manila, Nov 13 (IANS) Prime Minister Narendra Modi said demonetisation coupled with measures like linking of the Aadhaar number with bank accounts has led to formalisation of a big part of the Indian economy. Speaking at the Asean Business and Investment Summit here, the Prime Minister said: We are using our unique ID system in financial transactions and taxation for this purpose and the...

5 days ago
Hunt for unaccounted wealth in Sasikala kin's premises to resume Monday

Chennai, Nov 12 (IANS) One of the largest and longest search operations for unaccounted wealth by the Indian tax officials, going on at the premises of jailed AIADMK leader V.K. Sasikala's kin and their business associates, entered its fourth day on Sunday before being temporarily concluded, said a senior tax official. Sasikala, currently serving her jail sentence for corruption, was a c...

5 days ago
Hunt on for unaccounted wealth at Sasikala's kin premises

Chennai, Nov 12 (IANS) Income Tax officials continued for the fourth day on Sunday their search for unaccounted wealth at the premises of jailed AIADMK leader V.K. Sasikala's kin and their business associates, officials said. Sasikala, jailed for corruption, was a confidante of the late Tamil Nadu Chief Minister J. Jayalalithaa and lived with her for decades. According to a tax o...

6 days ago
IT raids on Sasikala clan, associates, businesses enters third day

Chennai, Nov 11 (IANS) The massive hunt for unaccounted wealth at premises of jailed AIADMK leader V.K. Sasikala's kin, their business associates and their organisations by tax officials entered its third day, a senior tax official said on Saturday. Sasikala, who is undergoing her sentence after being convicted in a corruption case along with couple of her relatives, was a close confidan...

10 days ago
Demonetisation: Most reactionary and illogical policy ever

('Note-Bandi: Demonetisation and India's Elusive Chase for Black Money' is an upcoming book from Oxford University Press dedicated to the memory of Indian citizens who lost their lives due to demonetisation). Excerpts from the preface by R. Ramakumar. 'Demonetisation'-- the withdrawal of legal tender status of notes of denomination Rs 500 and Rs 1,000 -- announced by India's Prime Minist...

14 days ago
Mourinho stands before Madrid court for alleged tax evasion

Madrid, Nov 3 (IANS) Manchester United coach Jose Mourinho on Friday appeared before a Madrid court over allegations of tax evasion of $3.8 million in 2011 and 2012 during his time as the coach of Real Madrid. Mourinho arrived alone at the court and after the hearing said that when he had left Spain in 2013 he had been certain that his tax situation was legal, reports Efe. A coup...

19 days ago
Zacob Juma denies undeclared funds claims

Cape Town, Oct 30 (IANS) South African President Zacob Juma's office has denied claims about his wrongdoing in relation to some undeclared funds. Allegations contained in the reports are misleading and are clearly part of the ongoing smear campaigns against Zuma, Presidential spokesperson Bongani Ngqulunga said on Sunday, Xinhua news agency reported. The Sunday Times newspaper pu...

20 days ago
Infosys to expand team to fix bugs in GST Network

Bengaluru, Oct 28 (IANS) Goods and Services Tax Network vendor and software major Infosys would expand its team to fix bugs in the GSTN, said Group of Ministers (GoM) Chairman Sushil Kumar Modi on Saturday. The IT services major (Infosys) told us that it would expand its 100-member team, which runs the GSTN, to fix the bugs or technical glitches in it, Modi, who is the Bihar Finance Mini...

21 days ago
15 regional parties fail to submit audit report to EC

New Delhi, Oct 27 (IANS) As many as 15 out of 47 regional parties have not submitted their audit reports for the year 2015-16 to the Election Commission (EC), while the AAP submitted it eight months after the due date. The due date for submission of annual audited accounts for the parties was October 31, 2016. The Sikkim Krantikari Morcha (SKM) was the first party to submit the a...

22 days ago
CPI leader Binoy Viswam again moves SC against mandatory Aadhaar-PAN linking

New Delhi, Oct 26 (IANS) Communist Party of India leader Binoy Viswam on Thursday again moved the Supreme Court challenging the provisions of the Finance Act mandating linking of Aadhaar with PAN and for filing income tax returns. Viswam's move followed a nine judge constitution bench holding that the right to privacy was a fundamental right and had called for need to examine and put in ...

1 month ago
Festive cheer eludes realty sector

Much against the expectations of the real estate sector, this year's festive season is turning out to be somewhat disappointing for property developers as aspiring home buyers are extra cautious about investments in the backdrop of the slowing economy and unstable realty sector, hit by the short-term impact of the Real Estate Regulation Act (RERA) and the Goods & Services Tax (GST).

1 month ago
File GSTR-3B return before Diwali: Government

New Delhi, Oct 13 (IANS) Having ruled out further extension of the date for filing Goods and Services Tax Returns (GSTR), the government on Friday said the October 20 deadline to file the GSTR-3B would not be extended. It also said that real estate, a major area of tax evasion and black money generation, could soon be brought under GST. No extension of time will be given for fili...

3 months ago
No inconsistency in government data on taxpayers: CBDT

New Delhi, Aug 18 (IANS) Refuting reports regarding inconsistency in the estimate of the number of taxpayers added after demonetisation, the Central Board of Direct Taxes (CBDT) on Friday clarified that the various government statements referred to different time periods. It is clarified that there is no inconsistency in the data provided by the government in the statements, as these are...

3 months ago
No confusion about figures by PM in I-Day speech: Jaitley

New Delhi, Aug 16 (IANS) In a bid to silence critics, Union Finance Minister Arun Jaitley on Wednesday said there was no confusion in figures given by Prime Minister Narendra Modi in his Independence Day speech on black money deposited in banks after demonetisation. He said the figures on potential revenue gain is based on investigations and notices by the Revenue Department and Central ...

3 months ago
PM offers love to Kashmir, says India can fight any security challenge

New Delhi, Aug 15 (IANS) India is capable of fighting any security threat on borders, space or cyberspace, Prime Minister Narendra Modi said on Tuesday, as he urged militants in Kashmir to shun violence and let love resolve the dragging problem. Addressing the nation on India's 71st Independence Day, Modi also called for a New India free of casteism, communalism, terrorism and corruption...

3 months ago
Over Rs 3 lakh cr came into system after note ban: Modi

New Delhi, Aug 15 (IANS) Listing the achievements of the NDA government in curbing black money, including demonetisation, Prime Minister Narendra Modi on Tuesday said that authorities had confiscated black money worth over Rs 1 lakh crore and around Rs 3 lakh crore had been brought into the banking system. In the last three years, more than Rs 1,25,000 crore of black money has been caugh...

3 months ago
Indian origin activist places inflatable 'Trump chicken' near White House

Washington, Aug 10 (IANS) An Indian origin activist placed a giant inflatable rooster bearing a striking resemblance to President Donald Trump near the White House to protest his weak and ineffective leadership. Taran Singh Brar, a documentary filmmaker, installed the 30-foot Chicken Don balloon between the official residence of the US President and the famous Washington Monument on Wedn...

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