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PAN to be tool against tax evasion

-The Financial Express   Come next financial year, the PAN card is likely to become the most potent tool for the Income Tax Department to unearth black money, tax evasion and instances of criminal financing in the country. A recent directive of the Central Board of Direct Taxes (CBDT) to the I-T Dept has asked its officials to launch a special drive against those who have "not furnished their PAN (Permanent Account Number)"...

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Tax raids on liquor baron close to Maya

-The Telegraph Income Tax officials today searched the house and two dozen properties of a liquor baron said to be close to Mayawati, the simultaneous raids apparently throwing up a chest that needed gas-cutters to prise open. TV reports claimed the chest — found in the basement of a Noida mall said to be owned by Gurdeep Singh Chadha — could be stashed with notes worth over Rs 100 crore, but late...

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Govt raises tamper doubt on Radia tapes

-The Telegraph A government report on the Niira Radia tapes that was submitted to the Supreme Court today mentioned discrepancies between the original recordings and the conversations broadcast by the media, suggesting they may have been tampered with. The report was submitted in a sealed cover to the bench of Justices G.S. Singhvi and Asok Kumar Ganguly. It was not made public but Justice Singhvi read out parts of it that said...

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‘Criminals' and crorepatis in fray in Uttar Pradesh by J Balaji

Political parties shout from rooftops that politics should be delinked from criminals, but a look at their nominees for Phase I of the Uttar Pradesh Assembly elections makes it clear that both are inseparable and, in fact, two sides of the same coin. As many as 109 (out of the 284 analysed) candidates have declared in their affidavits that they are facing criminal cases and 46 of them have been booked...

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Poor labourers pledged Rs 100, get Re 1 for day's work under govt's employment guarantee scheme by Nitin Sethi

Poor workers are being paid wages as low as Rs 1-10 for a hard day's labour in states like Rajasthan and Karnataka under the Mahatma Gandhi National Rural Employment Guarantee Scheme which promises a real wage of Rs 100 per day.  Documents with TOI show that many desperate, poor labourers across the country are being cheated of their hard earned money and the much publicized guaranteed daily wage of Rs 100...

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