Indirect Tax Revenue (Provisional) Collections Increase from Rs. 3,54,049 Crore in April-December 2013 to Rs. 3,77,648 Crore During April-December 2014; Registering an Increase of 6.7% During April-December 2014 over the Corresponding Period in the Previous Year; Customs Collections Increase by 9.7 % While Service Tax Collections Increase by 8.7 % During the Same Period
The Central Bureau of Investigation has today arrested an Income Tax Officer, posted at Khatima, Udhamsingh Nagar (Uttarakhand) for demanding & accepting a bribe of Rs.One Lakh from the complainant.
Dr. Jyotsna Suri, President of FICCI today has urged the Finance Minister, Shri Arun Jaitley, to make earnest efforts to move away from the aggressive revenue approach and provide a genuine non-adversarial and conducive tax environment for industry and the economy to flourish.
In the operation which started yesterday across Mumbai and Chennai The CBI, Anti Corruption Branch, Chennai has caught Sallong Yaden, Joint Commissioner, Income Tax, Range-VI, Nungambakkam, Chennai red handed while accepting a bribe of Rs 8 lakhs from a chartered accountant, Shreyans Bhandari of S.H. Bhandari & Co., Chartered Accountants. Bribe was to give a […]
A Joint Commissioner of Income Tax Department and a Chartered Accountant were today arrested here by CBI on charges of receiving and offering a bribe of Rs eight lakh respectively for an official favour. A CBI release here tonight said Joint Commissioner Sallong Yaden was held while ‘receiving’ the bribe amount from Shreyans Bhandari of […]
Securities market, including the market for public offerings, is dynamic and need to keep pace with the evolving environment. In order to keep pace with the changing economic environment and to address concerns of various market participants especially the issuers and the investing community, the regulations governing the primary market have been amended from time […]
Press Information Bureau Government of India Ministry of Finance 09-January-2015 14:02 IST New Draft of Twelve Income Computation and Disclosure Standards (ICDS) has been Uploaded on the Finance Ministry and Income-Tax Department Website for Seeking Comments from Stakeholders and General Public by 8th February, 2015. Sub- section (1) of Section 145 of the Income-tax Act, […]
TWO TO THREE YEARS RIGOROUS IMPRISONMENT TO THEN INCOME TAX OFFICER; THEN PREVENTIVE OFFICER OF CUSTOMS,HIS WIFE AND SUPERINTENDENT OF CENTRAL EXCISE & HIS WIFE IN SEPARATE CASES FOR POSSESSION OF DISPROPORTIONATE ASSETS The Special Judge, CBI Cases, Pune (Maharashtra) has convicted Sh.Manish SNadkar, then Income Tax Officer, Swargate, Pune in a Disproportionate Assets case […]
Government Assures the Public Sector Banks (PSBs), Financial Institutions (FIS) and Insurance Companies of Freedom of Non-Interference in Matters of Commercial Decisions, Transfers, and Postings etc. The Department of Financial Services, Ministry of Finance issued a circular yesterday to the Chief Executive Officers (CEOs) of all Public Sector Banks (PSBs), Financial Institutions (FIs) and Insurance […]
FM: Infrastructure Sectors Such as Coal, Power and Cement have been Recording Double Digit Growth in the Last Few Months While Growth in Manufacturing Sector is Still Patchy; Reviving Manufacturing is One of the Major Challenges of our Economic Management The Union Finance Minister Shri Arun Jaitley said that the Infrastructure Sectors such as coal, […]
