-Hindustan Times New Delhi: The crackdown on black money is not over. With the scheme for voluntary disclosure of unaccounted for wealth now closed, tax officials have launched a drive to unearth hidden incomes and are looking at transactions carried out beyond a six-year ceiling under existing rules, sources said. “The tax department can scan transactions older than six years by invoking clause 197C of the Finance Act, 2016. This clause was introduced...
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INDIA FOCUS: Rising Prices of Dal/ Pulses: How to deal with it? ... What's Being Done? ... A COMPREHENSIVE FACT CHECK...
Rising prices of dal: How to deal with it? The 68th session of the United Nations General Assembly declared 2016 as the International Year of Pulses. In India, however, ordinary citizens are under enormous duress due to the skyrocketing prices of dal/ lentils since the last one year. The website of Price Monitoring Cell of the Department of Consumer Affairs shows that dal prices varied across places. For example, the...
More »Good news: Mumbai's child sex ratio of 933 at all-time high -Sumitra Deb Roy
-The Times of India The city's child sex ratio reached an all time high in 2015, with 933 girls born per 1,000 boys, significantly ahead of the national average of 918. But several wards of the city bucked the progressive trend to register a worrying gap. As per recently released BMC data, 11of 24 wards registered a dip in the ratio, indicative of a strong bias towards the male child, compared with...
More »Jharkhand: Crisis-hit residents build dams to check groundwater slide -Sanjoy Dey
-Hindustan Times Ranchi: Reshma Devi, 50, wakes up at 4 every morning and walks a kilometer to fetch water from a government pipeline. The only water source in her locality, a tube well, has dried up. And she has not enough money to buy water being sold at Rs 20 for 50 litres. Devi, a resident of Ranchi’s Yamuna Nagar, is not alone. More than 15,000 residents of 12 localities spread over...
More »Tax waiver on 'affordable' flats may mean big profits for builders -Nauzer Bharucha
-The Times of India MUMBAI: The 100% tax waiver announced in the Union Budget on `small flats' to encourage affordable housing can lead to builders laughing all the way to the bank. Take a hypothetical case: Nothing stops a developer from constructing tiny 300square-foot apartments in tony Napean Sea Road in south Mumbai, selling them at, say, Rs 70,000sq ft, and getting a total tax waiver on profits. Experts say no law...
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