Page 22 - Vrishti Beniwal

India to blacklist tax havens not sharing info

If so, Switzerland, UAE, Hong Kong and Singapore will find it difficult to do business with Indians

Getting a PAN set to be tougher as govt plans more stringent verification

Ministry officials say there are gaps in the current process and the idea is to make the system foolproof

LTUs might become mandatory

Move could be for some large classes of corporate taxpayers to aid combined scrutiny of operations and to check evasion

LTUs may be made mandatory

Proposed move may help check evasion as LTUs act as single window facilitation centre for all large entities paying excise duty, service tax and income tax.

Soon, e-filers may not have to send hard copies to I-T dept

About 27.5 mn people would file income tax returns online, compared with 21.4 mn last year

Jet-Etihad deal: DIPP likely to expand definition of 'control'

May include 'influencing a company's major policy decisions' in the current meaning

E-filing of audit reports must with tax returns

The filing of audit reports was made mandatory in ITR Form 5, 6 and 7 after the tax department noticed discrepancies in filing of some returns along with audit reports

Sushil Modi resigns as GST panel chair

Raises contentious issue of CST compensation in his letter to Chidambaram

CTT may be notified next month

BJP-JD(U) split may derail GST talks again

Modi, who is the chairman of the Empowered Committee of State Finance Ministers for GST, will now have to relinquish his post

FDI, FII reforms on the anvil: FM

Says there is no need to panic about rupee; adds coal and gas reforms will be out soon

Didn't share India info with SEC: Fitch

FinMin alleged that Fitch gave lowest investment grade rating to India with a negative outlook in June last year after it shared India file with SEC

Steps to attract foreign inflows in the offing: Rajan

No additional measures needed to curb gold imports

India asks Fitch why it shared confidential info with US SEC

India's argument is that information relating to ratings on sovereigns cannot be treated similar to the information relating to ratings on commercial entities

Pace of seeding Aadhaar numbers with bank accounts still a concern

The biggest problem is that those with Aadhaar numbers aren't coming forward for seeding these with bank accounts

Weary Centre asks states to lift 'burden'

Centre shifts financial burden as states' fare better on fiscal front

Both devolution of taxes to states as well as grants from Centre have gone up in last few years

Govt likely to review Direct Benefit transfer fee to banks

Meager 1% commission may have been holding back banks from increasing seeding of Aadhaar numbers with bank accounts

Companies, political parties to furnish more details in new returns

In 'income from other sources' taxpayers will have to specify the other source from which their income has come, contrary to current practice

Companies, political parties to give 'other income' details in I-T returns