PMLA action if illegal foreign assets not disclosed by Sept 30

The Income Tax department today said enforcement agencies will take action under anti-money laundering laws against those who do not disclose their illegal foreign assets by September 30 as part of the one-time compliance window notified by the government.

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World Superbike Championship set for 2017 India debut: JPSI chief
World Superbike Championship set for 2017 India debut: JPSI chief

The future of Formula 1 in India depends on income tax hurdles but Superbike World Championship (WSBK) is finally set to take place at the Buddh International Circuit in 2017, Jaypee Sports International (JPSI) chief Sameer Gaur has said.

Preneet Kaur denies having any foreign bank account

Former Union Minister and sitting Patiala MLA Preneet Kaur on Tuesday said that she does not have any bank account overseas in her name with any foreign bank.

Higher service tax rate of 14% to come into effect from June 1

The new service tax rate of 14 percent will come into effect from June 1, government said Tuesday, in a move that will make eating out in restaurants, insurance and phone bills expensive, among many other things.

Govt to provide tax incentives to households for rooftop solar projects

Ministry of New and Renewable Energy (MNRE) has announced that it proposes to allow tax incentives for households who wish to set up rooftop solar plants