-The Indian Express The IT Act forbids the income tax department from sharing income details of an assessee unless the Central government specifies an officer, authority or body to receive the data to perform his or its functions under a law. Soon you will have to submit a copy of your income tax return (ITR) every year to the LPG dealer to claim subsidy on cooking gas cylinders. With the voluntary GiveItUp...
More »SEARCH RESULT
Total Matching Records found : 98
The indirect benefits transfer -Jayati Ghosh
-The Hindu India’s record in collecting taxes has been pathetic, and it is getting worse. The declining rates of direct taxation are an indication of the political choices of the government We now have a peculiar combination in the economic policy of India: a declared attempt at fiscal consolidation, combined with a reluctance to do what it takes to raise tax revenues. This unfortunate juxtaposition has meant a squeeze on Central government...
More »From village cut off for 7 years, voters chorus ‘NOTA’ -Esha Roy
-The Indian Express The villagers’ ire is rooted in being isolated from the rest of the district for seven years. Tindharay: Fifty kilometres from Darjeeling town, roads snaking through tea-laden hills lead to Tindharay. It’s a nondescript village like many in the Darjeeling hills. But Sunday, as North Bengal voted, Tindharay did not do so — or at least not for any political party. The single polling booth in the village, located in...
More »Those under watch ineligible for income declaration scheme -Vikas Dhoot
-The Hindu The scheme also shuts out ‘innocent’ taxpayers who filed returns on time but whose cases were chosen for scrutiny to verify claims. Tax payers, whose returns were picked for random scrutiny by the authorities in recent years, would not be eligible to turn concealed income into ‘white’ under the Income Declaration Scheme (IDS), announced in the Union Budget to bring black money into the tax net. Experts believe this may...
More »Banks killed road sector: official -TCA Sharad Raghavan
-The Hindu Bubble createdby them resulted in high NPAs Banks caused a bubble, failed to do due diligence and lent more than what was warranted to developers, and this has led to the high Non-Performing Assets (NPA) arising out of the road sector, Road Secretary Vijay Chhibber told The Hindu in an exclusive interview on Wednesday. “The banks have killed the road sector,” he said. “There was a bubble because the banks would...
More »
