-PTI In a stern warning to those not paying taxes, the Income Tax department on Monday said it is sending letters to 35,170 PAN (permanent account number) holders in the first phase for not filing returns and will take appropriate follow up action. There are over 12 lakh PAN holders who had not filed Income Tax returns, the department said, adding it has set up a nodal cell to monitor such cases. "In...
More »SEARCH RESULT
Total Matching Records found : 1301
Defreeze 11 bank accounts of Ramdev’s trust: Delhi HC
-The Times of India In a relief to yoga guru Ramdev, the Delhi High Court on Monday ordered de-freezing of 11 bank accounts of Patanjali Yogpeeth Nyas, sealed by the Income Tax department after the Trust allegedly failed to pay the first installment of Rs 75 lakh of the total tax of Rs 34.68 crore. "We direct the attachment order (of bank accounts) be lifted subject to petitioner (Patanjali Yogpeeth Nyas) paying...
More »The dishonest super-rich club of India-Tarun Chaturvedi
-The Business Standard Nobody will believe Finance Ministry data that only 400,000 Indians earn more than Rs 20 lakh a year I had barely finished my lecture in support of Tax on Super Rich, when this gentleman sprang up from the audience and asked me how the finance ministry will define “Super Rich” in India. I managed to answer his question by reminding him that certain issues should be left to the...
More »Rs 34-cr I-T notice to yoga guru Ramdev trusts
-The Hindustan Times Haridwar: The income-tax department has frozen the bank accounts of the two trusts run by yoga guru Ramdev and asked the Divya Yog Mandir Trust and Patanjali Yog Mandir Trust to pay up Rs. 34 crore. The trusts, registered as charitable organisations, were enjoying tax exemptions until a few months ago. The benefits have been withdrawn. Divya Pharmacy, run by the mandir trust, manufactured medicines and was earning profit...
More »China pledges to narrow income gap
-Al Jazeera Widening wealth gap in Beijing has stoked concerns over its impact on political and social stability. The Chinese government has issued a pledge to narrow the widening income gap between rich and poor, which includes raising its minimum wage and requiring state companies to turn over more profits to pay for social programmes. The pledge on Tuesday promised more spending on health, education and job training but gave few details and...
More »
