Tag: Income Tax
'Budget Promises Have To Match Action'
With the BJP-led government seeking to focus on the poor, youth and farmers in the budget presented on Wednesday, political analysts said promises will have to match performance for the party to reap long-term electoral dividends.....
Budget Aimed At Fulfilling Heightened Expectations Post-demonetisation
The Union Budget for 2017-18 was easily the most anticipated one in recent times. The public was seeking the government's policy stance after its bold attack on black money with demonetisation. On a related note, the market was also looking forward to the government's response to the demonetisation-induced slowdown.....
Trump's Administration Unveils Tax Cut Principles
US President Donald Trump's administration unveiled the principles of the long-awaited tax reform plan that will significantly cut income taxes for Americans and corporates, media reports said.....
IT Raids At Sasikala's Kin, Associates Continues
For the second consecutive day on Friday Income Tax (IT) officials continued their massive raids at the premises of close relatives of jailed AIADMK leader V.K. Sasikala, their business associates and organisations connected to them, a senior IT official said.....
Rotomac Owner's Prosecution In Six Cases, Says I-T Department
The Income Tax Department on Monday said it has filed six cases for the prosecution of Rotomac owner Vikram Kothari in connection with the Rs 3,695 crore bank loan default case involving Bank of Baroda.....
BoB Issues Shares To Vijaya, Dena Bank Shareholders
Bank of Baroda (BoB) has alloted Rs 52.42 crore worth of shares to the shareholders of the Vijaya Bank and Rs 24.84 crore shares to those of Dena Bank as the merger of the three banks came into effect on Monday.Bank of Baroda (BoB) has alloted Rs 52.42 crore worth of shares to the shareholders of the Vijaya Bank and Rs 24.84 crore shares to those of Dena Bank as the merger of the three banks came into effect on Monday.....
Sitharaman Dumps Budget Briefcase For 'bahi Khaata'
Setting a new precedent Union Finance Minister Nirmala Sitharaman on Friday was seen hugging the budget documents wrapped in a red cloth, the traditional 'bahi khaata' way, instead of the leather briefcase that until now her predecessors marched out with.....
I-T Records Robert Vadra's Statement In Benami Properties Case
The Income Tax Department officers on Monday started recording the statement of Robert Vadra in connection with a benami properties case.....
ED, IT Raid Locations Linked To SP Leader Azam Khan
The Enforcement Directorate (ED) and Income Tax (I-T) Department were on Wednesday conducting simultaneous raids at multiple locations linked to senior Samajwadi Party (SP) leader Azam Khan. ....
Money Deposited Will Not Change Colour Automatically: Jaitley
Describing the currency deposited with banks following demonetisation as money that has lost its earlier "anonymity", Union Finance Minister Arun Jaitley on Sunday said such deposits do not automatically become legitimate, and can now be identified with the owner for taxation purposes.....
