India’s attempt to flush out undeclared wealth did not work, central bank figures show. The move, known as “demonetisation”, was a flagship policy of Prime Minister Narendra Modi. Economic analyst Vivek Kaul looks at what went wrong. The devil, as they say, is in the detail. On page 195 of this year’s Reserve Bank of […]
India’s attempt to flush out undeclared wealth did not work, central bank figures show. The move, known as “demonetisation”, was a flagship policy of Prime Minister Narendra Modi. Economic analyst Vivek Kaul looks at what went wrong. The devil, as they say, is in the detail. On page 195 of this year’s Reserve Bank of […]
Read more / Original news source: http://kanglaonline.com/2017/09/viewpoint-why-modis-currency-gamble-was-epic-failure/
IMPHAL, May 27:The Income Tax Department has notified all the big business of North East region including companies to provide details of those who have made cash payment of more than Rs 2 lakh during the financial year 2016-2017 against purchase of any goods and services.
The post ‘Submit cash payment details by May 31’ appeared first on The Sangai Express.
IMPHAL, May 27:The Income Tax Department has notified all the big business of North East region including companies to provide details of those who have made cash payment of more than Rs 2 lakh during the financial year 2016-2017 against purchase of any goods and services.
The post ‘Submit cash payment details by May 31’ appeared first on The Sangai Express.
Read more / Original news source: http://www.thesangaiexpress.com/submit-cash-payment-details-may-31/
IMPHAL, Mar 1 : A surveillance team of the Investigation Wing of the Income Tax Department raided and searched the residence of of a businessman at Wahengbam Leikai in connection with the coming Assembly election today. A reliable source identified th…
IMPHAL, Mar 1 : A surveillance team of the Investigation Wing of the Income Tax Department raided and searched the residence of of a businessman at Wahengbam Leikai in connection with the coming Assembly election today. A reliable source identified the businessman as one L Tarpon and added that he is close to a Congress leader. The IT team conducted the search at his residence in connection with the coming Assembly election, said the source.
The post Search conducted appeared first on The Sangai Express.
Read more / Original news source: http://www.thesangaiexpress.com/search-conducted/
IMPHAL, Feb 20: Investigation Wing of Income Tax Department, North East Region detected black money amounting to Rs 12 crore during raids conducted in different parts of the State after the announcement of election code of conduct for the forthcoming State Assembly election. This was claimed by IRS Director Income Tax (Intelligence and Criminal Investigation), […]
IMPHAL, Feb 20: Investigation Wing of Income Tax Department, North East Region detected black money amounting to Rs 12 crore during raids conducted in different parts of the State after the announcement of election code of conduct for the forthcoming State Assembly election. This was claimed by IRS Director Income Tax (Intelligence and Criminal Investigation), […]
Read more / Original news source: http://kanglaonline.com/2017/02/it-dept-detects-rs-12-crore-black-money/
AHMEDABAD, Dec 3 : The Income Tax Department on Saturday detained Ahmedabad-based property dealer Mahesh Shah, who went went missing after disclosing unaccounted income worth over Rs 13,000 crores under Income Declaration Scheme.
AHMEDABAD, Dec 3 : The Income Tax Department on Saturday detained Ahmedabad-based property dealer Mahesh Shah, who went went missing after disclosing unaccounted income worth over Rs 13,000 crores under Income Declaration Scheme.
Read more / Original news source: http://www.thesangaiexpress.com/mahesh-shah-who-disappeared-after-disclosing-rs-13000-crore-detained-by-i-t-department/
The mystery over the Rs 3.5 crore cash that disappeared from a Nagaland airport after being flown in a chartered aircraft from Hisar on Tuesday has been solved. The cash, all in scrapped Rs 500 and Rs 1,000 banknotes, is legitimate, certified by the income-tax department and has been handed over to the owner — […]
The mystery over the Rs 3.5 crore cash that disappeared from a Nagaland airport after being flown in a chartered aircraft from Hisar on Tuesday has been solved. The cash, all in scrapped Rs 500 and Rs 1,000 banknotes, is legitimate, certified by the income-tax department and has been handed over to the owner — […]
Read more / Original news source: http://kanglaonline.com/2016/11/nagaland-cash-mystery-solved-rs-3-5-crore-flown-in-jet-handed-over-to-owner/
Mumbai , Nov 9: With demonetisation of Rs 500 and Rs 1000 currency notes, the Government has directed Income-Tax Department to coordinate with all banks and furnish details of individuals who exchange cash amount of Rs 2 lakh and above. “A key reason for scrapping these two currency denominations is to curb the huge menace […]
Mumbai , Nov 9: With demonetisation of Rs 500 and Rs 1000 currency notes, the Government has directed Income-Tax Department to coordinate with all banks and furnish details of individuals who exchange cash amount of Rs 2 lakh and above. “A key reason for scrapping these two currency denominations is to curb the huge menace […]
Read more / Original news source: http://kanglaonline.com/2016/11/i-t-dept-to-keep-record-of-deposits-over-rs-2-lakh/
