Benami Transactions-prohibition-amendment-act

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Benami property: Arun Jaitley stresses on setting examples to effectively deter such tax evasion
Business

Benami property: Arun Jaitley stresses on setting examples to effectively deter such tax evasion

Referring to opposition of PAN-Aadhaar linkage, he said it is an "effective anti-evasion measure" and will get rid of multiple PAN cards and mismatch in income and expenditure, but it is being opposed "in the name of privacy".

Govt forms task force against shell companies, vows to take'harsh punitive' action
Business

Govt forms task force against shell companies, vows to take'harsh punitive' action

There are about 15 lakh registered companies in India and only 6 lakh companies file their annual return. This means a large number of these companies may be indulging in financial irregularities," a PMO statement said.