I-T summons Lalu's daughter and husband in benami land case

The Income Tax Department’s crackdown on Lalu Prasad's family’s alleged benami assets continues to cause ripples in country’s political circles. Amidst speculations on how alliance partner and Bihar Chief Minister Nitish Kumar will react to ...

‘I think the crowd today was a little bit obviously tough for me’ ‘I'm not here to create enemies. I mean, I love playing here’ IMAGE:  Spain’s Garbine Muguruza reacts. Photograph: Christian Hartmann /Reuters Garbine Muguruza's defence of her French Open title ended in tears on Sunday when the Spaniard had to be escorted from the Roland Garros interview room after breaking down following her fourth-round loss to Kristina Mladenovic. The 23-year-old Muguruza ...

The Income Tax department has issued a Rs 24,646-crore tax demand notice to Sahara Group’s Aamby Valley Limited after conducting a special audit of the company. The department, as part of a special investigation and audit into the account books of AVL, found that an income of over Rs 48,000 crore for a particular assessment year was allegedly not reflected in the record books of the firm and hence it raised a fresh tax demand and penalty amount on it. A Sahara Group spokesperson confirmed ...

Boosted by the arrival of their new coach Ravi Shastri, the Indian team departed for Sri Lanka on Wednesday high on confidence for a long tour featuring three Tests, five ODIs and a lone T20 International, starting on July 26.The Virat Kohli-led side's depature was slightly held up on Wednesday evening courtesy of a flight delay and some of the players made most of it by clicking selfies inside the aircraft.Speaking about the tour, which begins with a practice match on Friday, July 21, Kohli ...

The tax department, through its non-filer monitoring system, has identified about 13.7 million people with potential tax liabilities who have not filed returns. Illustration: Uttam Ghosh/Rediff.com The income-tax (I-T) department has asked large corporate entities, including multinational firms, to furnish details of employees off the payroll to check whether they are filing tax returns after deduction at source, or TDS. According to I-T officials, many lawyers, chartered accountants, ...

The story of India’s fledgling indirect tax regime goes back a long way before 2000. In its essence, GST is a national level system of value added taxation of goods and services, says Shankar Acharya. A column in July 2017 has to be on the newly launched Goods and Services Tax (GST), indubitably the most significant and complex tax reform undertaken in independent India. So much has been written on its merits and demerits, there is nothing really new I can add, except to caution that we ...

If you are feeling too cold, sneezing a lot and having fever than you are not the only one. The health department of the Ahmedabad Municipal Corporation (AMC) says on an average it is testing blood samples of at least 2,000 people who are suffering from viral ...

Post Decmber 16 gangrape, women security in Delhi has always been under scanner. If Delhi Police’s statistics are to be believed, it shows that there are been decline in rape cases up to June 15, this year. The data up to June 15 this year, suggests ...

Officials of the anti-corruption bureau (ACB) arrested two officers of the sales tax department red-handed taking bribe of Rs4.5 lakh on Wednesday. One of their accomplices, also an employee of the department, is missing and search for him is on. The arrested ...