A day after Sebi clampdown on 59 entities misusing stock market for evading taxes, the government today said the investigation wing of the Revenue Department is probing companies which use the penny stock route for tax evasion.
The Revenue Department Thursday said 35 transfer pricing disputes between India and the US in different segments of Information Technology (IT) have been resolved and another 100 are likely to be settled in the next three months.
In a major relief to lakhs of people living in unauthorised colonies, Delhi government on Tuesday decided to allow registration of properties in the settlements regularised by the Centre, heeding to a long-standing demand of the residents.
Adopting an aggressive approach to increase tax collection, the revenue department for the first time publically named 18 tax defaulters - including Goldsukh Trade and Somani Cements - who owe over Rs 500 crore to the exchequer.
Pulling up Revenue Department for its "inefficiency" in tax recovery, a Parliamentary panel has said that nearly Rs 8,900 crore is pending against just three public sector companies, LIC, SBI and BSNL.
As newlyweds Tarun and Swati got their marriage registered, they took another vow to complement the ones that solemnised their union, one which made them promise that they "shall not indulge in female foeticide".
In a stern warning against use of political recommendations for postings of choice, Finance Minister Arun Jaitley has asked tax officials to desist from such practices or else face disciplinary action.
Investigating agencies will soon finalise cases of alleged financial irregularities against former IPL Chairman Lalit Modi in various editions of T20 cricket tournament, notwithstanding their failure to get him back to India.