-The Hindustan Times From a crackdown on dubious charity contributions to encouraging the use of credit and debit cards, from tracking realty deals to monitoring jewellery purchases, the government has proposed a wide range of measures to combat black money. The proposals are part of the white paper on black money tabled in the Lok Sabha on Monday by finance minister Pranab Mukherjee. The white paper does not, however, disclose names...
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Unique identity crisis-Latha Jishnu, Jyotika Sood
-Down to Earth Biometric-based unique identity or Aadhaar is leading to huge problems for people working for the rural employment guarantee scheme and for others receiving welfare benefits. Not only have enrolments been done shoddily but the experience of the pilot projects shows that it is almost impossible to authenticate the work-hardened fingerprints of the poor, find Latha Jishnu and Jyotika Sood. Besides, there is the overwhelming issue of deficient online...
More »Govt’s bid to widen tax base comes unstuck-Rajeev Deshpande
The government's efforts to widen the tax base are not paying off. New tax payers added over the past three years show a decline, while a staggering 89% of existing assessees are bunched in the lowest income bracket of Rs 5 lakh or less a year. Numbers point to a worrying trend the government would want to reverse as while 17,84,709 assessees were added in 2008-09, the figure slid to 16,75,069...
More »CBI cracks racket of fake I-T returns, I-T refunds-Rahul Tripathi
In what the CBI says could be the “tip of an iceberg”, the agency has found at least 1,100 cases of allegedly fraudulent refund checks issued by the Income Tax department that has resulted in the illegal withdrawal of more than Rs 6 crore over the last three months. The CBI has arrested two persons, including an accountant: Pankaj Kumar Gupta and Amit Kumar Sharma. Both, allegedly in league with IT...
More »Vodafone case: SC dismisses review petition-Nikhil Kanekal, Remya Nair & Surabhi Agarwal
The Supreme Court dismissed the government’s review petition in the Vodafone tax case on Tuesday, affirming its January ruling that put overseas transfers of shares outside the Indian tax net. The review petition and last week’s budget proposals seeking retrospective changes have revived the uncertainty over tax laws, according to government officials, the Planning Commission and businesses. If Parliament passes the budget in its current form, the judgement in the Vodafone case...
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