-The Hindu Business Line Sees enhanced infra spending, higher consumption New Delhi: While noting that demonetisation of high value currency by the government last year will help bring in more taxpayers into the tax net, the United Nations ESCAP in a new report has said that more measures will be required to fight black money in the future. “The measure did not, by itself, impede future black money flows in new denominations. …...
More »SEARCH RESULT
Total Matching Records found : 98
Explore law for NGOs' fund usage: SC to Centre -Dhananjay Mahapatra
-The Times of India NEW DELHI: Determined to fix accountability for lakhs of NGOs that received government grants of more than Rs 6,600 crore between 2002 and 2009, the Supreme Court asked the Centre on Wednesday to explore the desirability of a new law to regulate fund utilisation by the bodies. "Whatever be the method, we are clear that NGOs and voluntary organisations must give audited accounts of utilisation of funds received...
More »1.37 crore who don't file returns are now on Income Tax radar -Aanchal Magazine & Anil Sasi
-The Indian Express The department is employing what it calls a “360 degree profiling” of taxpayers ARMED WITH information on cash deposits of over Rs 2 lakh by tax assessees through a newly inserted column in the income-tax returns for 2017-18, the tax department has started the process of scrutinising and matching details with those provided earlier by banks and financial institutions. Alongside this, a list has been readied of about 1.37 crore...
More »Fasal Bima Yojana needs fine-tuning -Rajalakshmi Nirmal
-The Hindu Business Line Short tenure of the policy is its biggest drawback. With El Nino expected to mar the monsoon this year, insurers may stay away A normal monsoon in 2016, after two years of drought, has not only led to a bountiful harvest for farmers, but also filled the coffers of private insurers. The Kharif 2016 season resulting in lower claims has helped private insurers in particular rake in good profits...
More »No plan to tax agricultural income: Govt
-The Times of India New Delhi: Amid predictions of good monsoon rainfall, Union agriculture minister Radha Mohan Singh on Tuesday said the country would definitely see higher foodgrain production during 2016-17 even as he made it clear that there is no plan to tax agricultural income. While giving his reassurance, he said the Centre will probe if there was any anomaly in the system with regard to undeclared incomes. He said he...
More »
