-The Business Standard CAG state audit report NCT has also unearthed a glaring lack of planning cutting across projects, sectors It may be India's capital city, but behind the New Delhi's storied corridors of power and flush coffers, the metropolis is a difficult mess for the ordinary citizen. The Comptroller and Auditor General's (CAG) state audit report for the National Capital Territory (NCT) of Delhi government has unearthed a series of significant shortcoming...
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Tax officials told to crack down harder on black money -Lubna Kably
-The Times of India MUMBAI: Tax authorities will intensify their efforts to crack down on unaccounted-for money stashed overseas by seeking information from their counterparts in other countries. A recent letter issued by the Chairperson, Central Board of Direct Taxes (CBDT) bears testimony to this intention. To ensure that Indian tax authorities have access to information from other countries and can thus tackle the menace of black money and tax avoidance, several...
More »Water shows the way-Smriti Kak Ramachandran
-The Hindu As the world observed World Water Day last week, Bolivian water activist Pablo Solon narrates how his countrymen forced the repeal of a water privatisation attempt by the government What began as an ordinary citizen’s protest against water privatisation laid out the path for a bigger revolution that eventually paved way for Bolivia’s first indigenously elected government. With worldwide discussions for sustainable management of fresh water resources gaining ground in a...
More »The feeding frenzy of kleptocracy-P Sainath
-The Hindu Since 2005-06, Taxes and duties for the corporate world and the rich have been written off at the rate of Rs.7 million a minute on average. Duties waived on gold and diamonds in the last 36 months equal the 2G scam amount Forbes has just added an “errata” to Union Finance Minister P. Chidambaram’s budget speech. The Minister had found a mere 42,800 people in the country with a taxable...
More »Income tax department to initiate action against big TDS defaulters
-PTI The Income Tax department has decided to crack the whip on big companies and organisations that do not remit TDS money even after deducting it from their workers' salaries. The Central Board of Direct Taxes (CBDT), the controlling and administrative authority of the department, has asked all I-T ranges to identify such cases where revenue implication is large and initiate prosecution in competent courts. The action will be taken under Section 276B...
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