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About 33 results for "dilasha seth"

Income disclosure schemes 20 years apart yield roughly the same

Income disclosure schemes 20 years apart yield roughly the same

Adjusted for inflation, the earlier scheme would have collected Rs 25,000 crore. Dilasha Seth/Business Standard reports.Illustration: Uttam Ghosh/ Union Finance Minister Arun Jaitley's Income Declaration Scheme (IDS) 2016 will collect a little over Rs 30,000 crore (Rs 300 billion) in taxes, whereas former finance minister P Chidambaram's Voluntary Disclosure of Income Scheme (VDIS) in 1997-1998 garnered around Rs 10,000 crore (Rs 100 billion) in taxes. Adjusted for inflation, the ..., 19 hours ago

GST delay to cast shadow on Budget

Consensus seems a problem before the current session of Parliament ends.Business Standard's Dilasha Seth and Indivjal Dhasmana report. A delay in enforcing the proposed national goods and services tax (GST) from the target date of April 1, also the start of the next financial year, would cast a shadow on the Union Budget exercise for 2017-2018. GST is presently stuck for want of a consensus on some details of administrative jurisdiction between the Centre and states. And the Budget proposals ...
 Rediff.com2 days ago

To lessen demonetisation pain: Tax sops in Budget

Measures may include tax slab and rate revisions for individuals, companies, report Business Standard's Dilasha Seth and Arup Roychoudhury. To soften the 'pain' of demonetisation, the central government might announce a number of direct tax sops for individuals as well as the corporate sector in the Union Budget for 2017-2018, which is likely to be presented on February 1. The Budget might have revisions of the tax slabs, reductions in the corporate tax rate, and more tax exemptions or rebates ...
 Rediff.com2 days ago

Smaller deposits to be probed only if big accounts indicate irregularities

Limited I-T staff may compel them to focus on big fish than small depositors, reports Business Standard's Dilasha Seth and Indivjal Dhasmana. The tax department will go after 'big fish' in probing deposits made in demonetised Rs 500 and Rs 1,000 notes, but also intend to investigate small deposits, including Jan Dhan accounts, if the probe into big tax evaders gives clues for irregularities in these accounts. "If our investigation team cracks down on a person using say 20 accounts to convert ...
 Rediff.com1 week ago After all this fuss, I-T may only probe 1% of assessees!  Rediff.com2 weeks ago

About 80 items likely on GST exemption list

Grains, non-mineral water might be on the list; biscuits, butter and cheese might attract GST, reports Dilasha Seth from New Delhi. The Centre and states have already agreed to a four-slab structure for GST rates - 5, 12, 18 and 28 per cent, as well as a cess of 28 per cent on sin and luxury goods. Photograph: Rupak De Chowdhuri/Reuters. About 80 items are likely to make it to the exemption list under the proposed goods and services tax (GST), including grains, green coconut, poha, unprocessed ...
 Rediff.com2 weeks ago

Taxmen clamps down on jewellers, traders stop accepting old notes amid raid fears

Bullion traders and jewellers have stopped accepting cash amid fears of income tax raids in future Dilasha Seth & Dilip Kumar Jha | New Delhi | Mumbai November 11, 2016 Last Updated at
 Business Standard India3 weeks ago Demonetisation: I-T dept clamps down on jewellers  Business Standard India3 weeks ago
Business Standard India

GST: Centre hopeful of consensus on assessee scrutiny

Kerala, WB and TN have pressed for exclusive state control over those with annual turnover up to Rs 1.5 crore Dilasha Seth | New Delhi November 7, 2016 Last Updated at
 Business Standard India1 month ago 2-day council meet tomorrow: Centre moves to overcome hurdle on dual control of GST  Business Standard India1 month ago

Taxmen begin checking high-value deposits, jewellers on their radar

Department keeps a watch on suspectedly illegal transactions, including by jewellers Dilasha Seth | New Delhi November 15, 2016 Last Updated at 08:50 IST The income tax (I-T) department will start checking possible mismatches between the declared ...
 Business Standard India3 weeks ago

Deposits of old notes in banks not to enjoy tax immunity: Arun Jaitley

FM Jaitley said that political funding would also be impacted by the move Dilasha Seth | New Delhi November 9, 2016 Last Updated at
 Business Standard India4 weeks ago

Black money declaration now slightly higher

It was found the declarants were persons of suspicious nature and very small means, and the declarations could have been misused.Business Standard's Dilasha Seth reports from New Delhi.Illustration: Uttam Ghosh/ The final figures for disclosure of previous hidden income or wealth under the Income Declaration Scheme are only slightly higher than the provisional estimates. Two high value declarations of around Rs 2 lakh crore were excluded from the figures declared. These included Rs ...
 Rediff.com2 days ago
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