-Business Standard Exemptions granted on agri income and subsidies provided by the Centre and states are being cornered by big farmers and corporates The Comptroller and Auditor general’s proposed Audit of exemptions granted to big corporates, companies and even farmers under the head of agriculture incomes has once again rekindled the debate as to whether farm incomes derived from big companies and large farmers should be taxed. According to an analysis done by...
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29% Swachh Bharat Toilets Exist Only On Paper, Another 36% Unusable, Survey Finds -Shivam Vij
-Huffington Post Accountability Initiative finds rural India lacking in awareness of Swachh Bharat schemes. A survey of 7,500 rural households has found that 29% of Swachh Bharat toilets exist only on paper and of those that have been built, 36% are unusable. The survey was conducted by Accountability Initiative at the Centre for Policy Research in December 2015, across 10 districts in five states. The states included Himachal Pradesh, Rajasthan, Maharashtra, Madhya...
More »CAG lens on entities avoiding tax with ?farm income? claim -Pradeep Thakur
-The Times of India NEW DELHI: The comptroller and Auditor general has initiated an Audit of entities claiming tax exemption on agricultural income amid suggestions from some political parties and income tax authorities that a blanket exemption be done away with and tax be levied after a threshold. The Auditor has written to the finance ministry seeking details of entities which have declared agricultural income and the amount of tax exemption...
More »CAG may Audit process of black-money scheme, not individual declarations
-PTI New Delhi: The Comptroller & Auditor General of India (CAG) may do a performance Audit of the just-ended black money disclosure scheme, but will not get into the disclosures made. As much as Rs 65,250 crore of undeclared assets were declared through 64,275 declarations in the one-time four-month compliance window provided under the Income Disclosure Scheme (IDS), which closed on September 30. ”The information filed under the IDS is confidential and will...
More »'Bimaru' states shine in urban reforms in recent years -Dipak K Dash
-The Times of India NEW DELHI: Bihar, Madhya Pradesh, Rajasthan and Uttar Pradesh -- traditionally tagged as 'Bimaru' states -- have made major progress in urban municipal reforms in recent years, while Delhi has not submitted any claim of reforms. States such as Tamil Nadu, Maharashtra, Andhra Pradesh and Gujarat, which have always performed better, lead from the front again in the assessment by the urban development ministry. The assessment is based...
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