-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...
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Narendra Modi govt cracks down on NGOs, prepares hitlist -Sanjib Kr Baruah and Rajesh Ahuja
-The Hindustan Times The Centre may act against some of the 188 NGOs red-flagged by the Intelligence Bureau for alleged misuse of foreign funds, suspected extremist links and proselytization. These non-government organisations were reported by the internal spy agency and a list sent to the home ministry, documents accessed by HT have revealed. The country's top tax body the central board of direct taxes (CBDT) and enforcement directorate (ED), which tracks foreign funds...
More »Prescribe and swipe, Doc. All prepaid -GS Mudur
-The Telegraph New Delhi: Many doctors across India have been offered prepaid cash cards as gifts by drug industry representatives over the past three years to try and influence prescriptions for patients, pharmaceuticals sales executives have said. While drug companies have long used largesse as "brand reminders" for doctors, a prepaid cash card leaked by an industry whistleblower appears to be the first evidence to suggest doctors are also being offered cash...
More »Govt's anti-black money dept left toothless -Pradeep Thakur
-The Times of India A year after the UPA presented a white paper on black money in Parliament, spelling out strategy to curb generation of illicit money and preventing its offshore flight, one of the most potent weapons created to tackle the menace and bring offenders to book - theincome tax department's Directorate of Criminal Investigation (DCI) - stands dismantled and powerless. The last search-and-survey operation, better known as I-T raids,...
More »Tax officials told to crack down harder on black money -Lubna Kably
-The Times of India MUMBAI: Tax authorities will intensify their efforts to crack down on unaccounted-for money stashed overseas by seeking information from their counterparts in other countries. A recent letter issued by the Chairperson, Central Board of Direct Taxes (CBDT) bears testimony to this intention. To ensure that Indian tax authorities have access to information from other countries and can thus tackle the menace of black money and tax avoidance, several...
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