Sebi has ordered attachment of at least 17 immovable properties and movable assets to recover over Rs 5.76 crore dues from Sun Plant Business and its three directors in a case related to illegal fund raising.
Ex-servicemen protesting against the government-approved 'One Rank, One Pension' (OROP) alleged on Monday that their bank accounts have been blocked, but said the move will not succeed in suppressing their agitation due to resource crunch.
A Delhi court on Thursday pulled up the Income Tax (IT) Department for withholding information on foreign bank accounts of those persons against whom it has filed complaints and slapped a fine of Rs 10,000 on it.
A businesswoman deposited the equivalent of almost USD 2 million at a branch of China's largest bank but only USD 20 remained after most of it was transferred without her authorisation, state media reported.
Foreign travel details sought in the new income tax return (ITR) forms was done so that risk profiling for detection of tax evasions could be done but the form is being modified in view of the opposition to it.
Nearly two billion people globally do not have bank accounts including those in the US, IMF chief Christine Lagarde said Wednesday, ruing that financial systems around the world despite being sizable exclude many individuals from financial services.
Taxability of LPG subsidy and other direct benefits paid directly into bank accounts of beneficiaries is unclear with tax experts divided on the issue and want an explicit clarification from the government.
Facing criticism over the new ITR forms that seek details on bank accounts and foreign travel, Finance Minister Arun Jaitley will soon meet tax officials for the second time to make the filing of returns simpler for individual taxpayers.