-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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The taxman is watching, says FinMin-Remya Nair
-Live Mint Govt reiterates it will crack down hard on tax evaders, defends steps introduced in Finance Bill to check evasion The government on Tuesday reiterated its intention to crack down hard on tax evaders and defended some of the stringent provisions introduced in the Finance Bill last week to check evasion, including granting wider powers of arrest to taxmen and making certain offences non-bailable. Finance minister P. Chidambaram, in his budget speech...
More »Taskforce appointed to amend Universal Pension norms
-The Business Standard Team set up after movement began under Aruna roy, activist Baba Adhav 2 years ago demanding universal pension as a right for all A task force set up by the Government to look into reforms in pension for the unorganised sector has recommended universal pension for those below the poverty line, and a target of covering them in the next five years. It also recommended a slight increase in pensions...
More »Wrong to hit woman: Punjab DGP
-IANS On the defensive after its personnel were caught on camera thrashing a young woman in public in Tarn Taran district, Punjab Police Tuesday said that it was "examining all evidence" of the incident. Punjab Police Director General of Police (DGP) Sumedh Singh Saini told media here: "Whatever the facts may be, whatever the provocation, it was wrong to raise a hand or lathi (cane baton) on a lady." Saini said two police...
More »An opportunity missed-CP Chandrasekhar
-The Hindu “The purpose of a Budget – and the job of a Finance Minister,” P. Chidambaram declared in his speech, “is to create the economic space and find the resources to achieve the socio economic objectives.” Now that the presentation of and the spate of initial responses to the budget are behind us, it may be appropriate to ask how far the Minister went in accomplishing his self-defined task. Mr. Chidambaram...
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