Page 23 - Shrimi Choudhary/workspace/business Standard Web/@shrimichoudhary

Amazon-Future case: CCI filing may hinge on power to revoke order

Amazon during the argument questioned the CCI order, arguing it did not have power to suspend or place its own order in abeyance

Govt setting up 75 digital banks this year, says FM Nirmala Sitharaman

Sitharaman is in Washington DC to attend the annual spring meeting of the International Monetary Fund and the World Bank

ED attaches Amway India assets worth Rs 758 cr in money-laundering probe

ED has accused the firm of running a pyramid fraud in the guise of direct selling multi-level marketing network

New tax regime: Big unexplained expenditure may lead to I-T review

Assessees seek clarity from tax consultants on the new regime, fearing reopening notices

Work piles up at Sebi as 2 whole-time member posts continue to lie vacant

The Appointments Committee of the Cabinet (ACC) approved the appointment of Ashwani Bhatia as a WTM in March, however, his joining has been delayed.

ED summons Xiaomi global vice-president Manu Kumar Jain in forex case

It's learnt that ED had initiated its discreet inquiry in February under the Foreign Exchange Management Act (FEMA) and found evidence of remittances involving a significant amount

FinMin asks Infosys to work on ways to access taxpayers' data accurately

FinMin suggests it boosts pre-filled data, rolls out new payment system

GST Council meeting unlikely this month as some issues couldn't be taken up

Currently, GST is a four-tier structure attracting tax rates of 5, 12, 18, and 28 per cent

NSE colo case: Enforcement Directorate searches premises of four brokers

CBI opposes bail for Ramkrishna, says granting it will adversely affect investigation

India's tax revenues soar to a record high of Rs 27.07 trillion in FY22

In terms of tax buoyancy, the overall tax buoyancy was 1.9 in FY22, with direct tax buoyancy at 2.8 and indirect tax buoyancy at 1.1.

Demand of over Rs 500 crore additional tax slapped on PE/VC funds

The tax authorities gave assessment orders to at least 12 such houses last week, and initiated penalty proceedings against them

Instant App-based loan fraud: ED summons senior executives of Google

The agency's Hyderabad office is probing 38 non-banking financial companies (NBFCs) and over 300 fintech firms under the anti-money laundering law

Parl panel questions Sebi chief on NSE case, Paytm issue price

Functioning of crypto currency exchanges also came up when Sebi chairperson Madhabi Puri Buch appeared before parliamentary panel on finance, say people in the know

Income in US on I-T radar in FY23, non-disclosure to invite action

The CBDT has rolled out an aggressive target and timeline to investigate tax evasion matters, especially those involving undisclosed foreign assets

GST collection rises to an all-time high of Rs 1.42 trillion in March

The robust mop-up could be attributed to the government's tightened compliance measures and crackdown on GST evaders and fake bills

Net direct tax collection rises 50% to record Rs 13.81 trillion in FY22

Gross mop-up touches record Rs 15.83 trn; exceeds Budget and revised estimates

Mukesh Ambani family case: I-T department concludes tax proceedings

Assessment order passed under section 10(3) of Black Money Act

Hero MotoCorp tax case: I-T finds Rs 800 cr siphoned off via shell firms

The department also found that 10 acres of farm land in Delhi was purchased through a few paper companies

States panel likely to bat for system tracking dealers' transactions

The panel may also suggest integrating the Goods and Services Tax Network with NPCI to curb frauds in tax refunds

11 crypto exchanges found to be evading Rs 81.54 cr in GST, says govt

WazirX, Coin DCX and CoinSwitch Kuber among companies under investigation, Parliament is told