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Closing  the P-note window will make NDA moves on black money credible

Jul 27, 2015

Closing the P-note window will make NDA moves on black money credible

If the NDA government truly believes is going after black money, it should direct Sebi to close the P-note window for unidentified beneficiaries. At the very least there are political gains to be made from showing a tough stance against black money that is not mere posturing. #Black money #SEBI #Tax #Income #P-Notes #foreign income
Despite holy cow agri tax status, Himachal CM Virbhadra Singhs apple cart may be upset

Jul 27, 2015

Despite holy cow agri tax status, Himachal CM Virbhadra Singhs apple cart may be upset

In short if agriculture itself cannot be taxed, the charlatan variety represented by farm houses, happening under the taxmans nose, must be targeted. Taxmen will accrue tax from numerous farm houses that simply do not make the grade. More importantly, discovery of money laundering going on through this seemingly benign route would also throw up considerable revenue for the exchequer. #Apple #Tax #Haryana #Virbhadra Singh
Govt to take action on Shah panel report on MAT soon: finance ministry

Jul 24, 2015

Govt to take action on Shah panel report on MAT soon: finance ministry

The panel, headed by Law Commission chairman AP Shah, included former chief economic advisor Ashok Lahiri and Chartered Accountant Girish Ahuja as other two members. #Economy #finance ministry #Supreme Court #Income Tax Department #Arun Jaitley #Bombay High Court #FII #Minimum Alternate Tax #Shaktikanta Das #Justice AP Shah Committee #Castleton #Ashok Lahiri #Girish Ahuja
We are not tax dodgers: Maran defends Sun TV

Jul 23, 2015

We are not tax dodgers: Maran defends Sun TV

Media baron and promoter of Sun TV group Kalanithi Maran on Thursday said they were not tax dodgers and the media was being fed stories about the group and him by people with vested interests. #NewsTracker #Sun TV #Kalanithi Maran #Tax fraud
Rs 1 lakh cr gain from lower oil, higher tax mop-up; govt readying for a splurge

Jul 23, 2015

Rs 1 lakh cr gain from lower oil, higher tax mop-up; govt readying for a splurge

With oil hovering around $70 a barrel and buoyant indirect tax collections, govt to spend Rs 1 lakh crore more on infra and social-sector schemes #Economy #crude oil #Government #Iran #infra #Centre #Indirect tax #Social Sector Schemes
RS panel places GST bill before House, Jaitley hopes Congress won't make irresponsible decision

Jul 23, 2015

RS panel places GST bill before House, Jaitley hopes Congress won't make irresponsible decision

Jaitley said Congress has given its dissent note against the wish of traders who are demanding implementation of GST due to which the country's GDP will increase. #Economy #GDP #Congress #BJP #NewsTracker #Arun Jaitley #PolicyWatch #GST #Indirect tax
Rajya Sabha panel submits GST report; Congress, Left, AIADMK submit dissent note

Jul 22, 2015

Rajya Sabha panel submits GST report; Congress, Left, AIADMK submit dissent note

As per the current compensation mechanism, the Union government will give 100 percent compensation for first three years of GST implementation and thereafter 75 percent and 50 percent in the fourth and fifth year. #Economy #Congress #Rajya Sabha #AIADMK #Trinamool Congress #Arun Jaitley #GST #Indirect tax #Shaktikanta Das #GST Council #Bhupender Yadav
Centre, states working to meet GST roll out deadline, says revenue secretary

Jul 22, 2015

Centre, states working to meet GST roll out deadline, says revenue secretary

The passage of the bill on GST in Parliament and its ratification by 50 percent of the state assemblies will pave the way for implementation of the indirect tax regime. #Economy #finance ministry #NewsTracker #GST #Indirect tax #Shaktikanta Das #GST Council
Sebi cracks whips on organised syndicates, busts billion-dollar 'tax evasion shops'

Jul 22, 2015

Sebi cracks whips on organised syndicates, busts billion-dollar 'tax evasion shops'

Talking about the menace of money laundering and other market-related manipulations, Sebi chief UK Sinha said the regulator is trying to curb such cases one-by-one very successfully. #Black money #NewsTracker #SEBI #IPO #Income Tax Department #CBDT #UK Sinha #GDR
I-T dept launches e-filing link for declaring illegal assets, black money

Jul 21, 2015

I-T dept launches e-filing link for declaring illegal assets, black money

The Income Tax department has launched a e-filing link on its official website for declaring illegal foreign assets and black money using the one-time compliance window notified recently by government. #Black money #NewsTracker #Income Tax Department #Income tax #illegal assets #tax returns