Introduced in 2012, Angel Tax is an income tax on super normal premium garnered by start-ups on issuance of equity from resident investors

The Congress has accused the Narendra Modi government of misusing government agencies to target opposition parties in the wake of the Lok Sabha elections.

Since the Model Code Conduct came into force on March 10, the I-T Department has carried out several raids on political leaders and their associates which the opposition has dubbed a misuse of central agencies during poll season

I-T sleuths have recovered Rs 14.6 crore of \"unaccounted\" cash and seized diaries and computer files of suspect payments made between Madhya Pradesh and Delhi

He also said that their government's steps against black money in the past four-and-a-half years have resulted in the recovery of Rs 130,000 crore which has been taxed and awarded penalties.

New information required includes the number of days of residency in India, holding of unlisted shares and mandatory quoting of PAN of tenant in case of TDS.

Demonetization had a phenomenal positive impact on the widening of tax base and direct tax collections, CBDT said

Officials said about Rs 10,000 each, totalling about Rs 1.7 crore, have been deposited in these accounts over the past few days