Income tax (I-T) raid operation on Lodha group has concluded reports CNBC-TV18 quoting sources. Beginning on 10 January, the taxmen conducted search at around 40 premises of Lodha Group. It is learnt that around Rs 200 crore of alleged disclosure
An expert group with the mandate of suggesting measures to plug revenue leakages under existing tax laws will be constituted by March, 2011, the Income Tax Department has said. Constitution of the expert group to be done before the end
The government may soon be able to obtain classified financial data from tax-haven countries and some foreign shores as it plans to set up new overseas Income Tax offices in countries like the US, the UK and Cyprus to liaise with local tax authoritie
The Enforcement Directorate has sought a copy of the FIR filed by the police on the Rs 400 crore Citibank fraud with a view to lodge a separate case of money laundering against the perpetrators of the scam. Official sources said the directorate has
The CBI has registered a preliminary enquiry (PE) to probe the role of certain public sector banks, including the State Bank of India, for providing loans to certain companies who were allocated the 2G Spectrum in 2007-08 including Uninor and STel.
The Supreme Court today waived one per cent court fee on the Income Tax Department , on the Rs 2,500 crore deposited by the Vodafone International Holdings , after the government gave an undertaking that it would not make claim of unjust enrichments.
The income-tax department on Monday raided four premises of realty developer Lodha Group on alleged misreporting of income. The raid was based on a tip off suggesting inflated expenditure using fake receipts and cash payments from clients.
The Minister of Railways, Mamata Banerjee has extended, for the first time, the facility of 3AC travel with family once in a year for the lowest grade pay employees of Indian Railways. These are the employees like Gangman, Khalasi etc. who work day a
Taking note of the growing share of private players in education sector for profit, Prime Minister Manmohan Singh today said this trend could emerge as worrisome barrier to freer access to knowledge for all. Indeed with the growing share
The Supreme Court today directed the Defence Ministry and the Karnataka government to meet and resolve their dispute over Rs 1,519 crore sales tax on defence contracts executed by Hindustan Aeronautics Ltd (HAL).
