-The Times of India NEW DELHI: The government urged traders on Saturday to register for the goods and services tax (GST) soon, and not wait for the July 30 deadline. If one is owns a business with an aggregate turnover exceeding Rs 20 lakh in the preceding financial year (Rs 10 lakh in special-category states), they will need to register in all the states and Union territories to which they make...
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Under Operation Clean Money II, 6.6 lakh more persons on I-T radar -Surabhi
-The Hindu Business Line Uses SFT to identify people who made high cash deposits during demonetisation period New Delhi: In hot pursuit of black-money hoarders who may have made high-value cash deposits during the demonetisation window, the Income Tax Department has identified an additional 6.6 lakh people in the second phase of Operation Clean Money. The Central Board of Direct Taxes (CBDT) has harvested information from the Statement of Financial Transactions (SFT) to...
More »60% in 18-19 age bracket not enrolled as voters -Bharti Jain
-The Times of India NEW DELHI: Barely 40% of the country's newly eligible voters in the 18-19 age group are currently enrolled as voters. In fact, in big states like Uttar Pradesh and Bihar, 75 lakh and 46 lakh young people have turned 18 but are yet to enlist themselves as voters. As per statistics compiled by the Election Commission as part of its special enrolment drive focused on young voters, 3.36...
More »Mihir Shah Committee report: How to solve water crisis
-India Water portal As a solution to the water crisis, Mihir Shah Committee recommends constituting National Water Commission--a multidisciplinary organisation that will look into water management more holistically. The country’s water sector is going through a rough patch. From polluted water resources to increasing demand for water due to rising population and frequent droughts, there are many problems that plague the sector. The worst sufferers are farmers and this is evident...
More »How taxmen nabbed black money hoarders who tried to beat the note ban -N Sundaresha Subramanian
-Business Standard Relatives' accounts, meddling with accounting software and shell cos used to hide unaccounted cash Two major civil contractors of Bengaluru, who undertake state government civil contract works from irrigation and other departments, were alleged to have engaged in massive inflation of expenses and investment of unaccounted income in the purchase of immovable properties. Discreet enquiries by the Income Tax (I-T) department revealed that they were helping in the conversion of unaccounted...
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