-The Indian Express The Income-Tax department is set to cancel the registration of yoga guru Baba Ramdev’s trust as a charitable organisation and withdraw all exemptions provided to it. This follows a final order passed on August 24 by the Income-Tax (exemption) unit in the case of his principal charitable organisation, the Patanjali Yogpeeth Trust, for the year 2009-10, after a scrutiny revealed that it was involved in a host of...
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Government shreds entire Radia tapes, tells Supreme Court it’s difficult to find who leaked excerpts to media
-The Economic Times The trail of those who leaked the Niira Radia tapes could have been lost forever had not the Supreme Court decided to keep a copy with itself. The Centre on Thursday informed the Supreme Court that it has destroyed the entire Radia tapes, publication of excerpts from which threw the spotlight on ways of doing business as well as the tendency of security agencies to violate privacy of...
More »CPM on funds source
-The Telegraph The CPM today disclosed that levy collected from party members plus small, voluntary contributions had swelled its coffers but denied it was a big beneficiary of corporate donations. “The CPI(M) does not accept donations from corporates. However, there have been contributions from some companies in Andhra Pradesh. These donations, when it came to the notice of the politburo last year, was discussed and it was decided not to accept donations...
More »Food security is a basic right-Brinda Karat
-The Times of India The present food Bill legalises the injustices of a targeted distribution system A national campaign throughout the month of July on issues related to food security and against rising prices will culminate in a five-day sit-in protest in Delhi beginning today. These are issues fundamental to the well-being of the majority of our people and therefore deserve national support. With the spectre of drought haunting the countryside, speculators, hoarders...
More »Tax payers ignorance costs Rs 660 crore to government every year: TaxSpanner Report-Vidyalaxmi
-The Economic Times More than 94% of employees in India do not report income from other sources. This causes a loss of approximately Rs 660 crore to exchequer annually, says a report by TaxSpanner.com, a tax filing online portal. "More than 94 per cent of employees - liable to pay more than 10 per cent of their taxable income as tax - do not report income under the head, "Other Sources"," the...
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