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BusinessToday.In
August 12, 2018
PM Modi argued that when investment in infrastructure projects like, making roads, laying down rail lines, setting up power generation is at all-time high, how come the jobs will not be created.


BusinessToday.In
August 10, 2018
The Walmart-Flipkart deal is expected to help the government rake in up to Rs 13,700 crore.


PTI
New Delhi, August 7, 2018
Collection of personal advance tax and personal self-assessment tax grew 23.4 per cent and 29.9 per cent respectively.


Mudit Kapoor
New Delhi, August 1, 2018
Before he became Prime Minister, Narendra Modi vowed to bring all illicit money stashed away in foreign countries, and promised that poor people in the country would get Rs 15 lakh each.


BusinessToday.In
New Delhi, July 30, 2018
Infosys to build software development centre in NoidaInfosys Ltd has said it would build a software development centre in Noida in Uttar Pradesh, with an initial investment of about 7.5 billion rupees ($109 million). India's second-biggest software services exporter said the 2.7 million square feet facility would be able to accommodate 5,000 staff. \"The facility is a critical part of our effort to enhance our presence in the national capital region and leverage the talent pool available in this market,\" Chief Executive Officer Salil Parekh has said. PM Modi launches 81 investment projects worth over Rs 60k crore for UP Prime Minister Narendra Modi yesterday launched 81 investment projects worth over Rs 60,000 crore for Uttar Pradesh at a ground-breaking event.The projects are expected to give a big boost to industrialisation in the state.Around 80 leading industrialists, including Kumar Mangalam Birla, chairman of Aditya Birla group, Gautam Adani, chairman of Adani group, Subhash Chandra, chairman of Essel group and Sanjeev Puri, MD, ITC, besides top magnates of other major business houses participated in the event CBDT directs I-T dept to file all NCLT petitions on shell firms by August The CBDT has directed the Income Tax Department to ensure filing all its petitions before the NCLT by next month to recover due taxes worth crores of rupees from a number of de-registered shell or dummy companies.The policy-making body of the tax department has issued the directive as part of the action plan unveiled recently. \"Assessing officers must identify all such cases at the earliest and ensure filing of petitions by August 31, 2018,\" the action plan accessed by PTI said.Threw challenge not as TRAI chief but an ordinary citizen: RS Sharma to TwitteratiAfter causing a flutter on social media with his Aadhaar dare, TRAI Chairman R S Sharma has said he had thrown an open the challenge to Twitterati -- to prove how mere knowledge of the 12 digit number could be misused to cause harm -- not as a regulatory head but as an ordinary citizen of India.An all-out war had erupted on Twitter yesterday after Telecom Regulatory Authority of India (TRAI) chief gave out his Aadhaar number, challenging anyone to show how mere knowledge of the number can be misused to harm him, triggering a deluge of tweets that claimed to disclose his personal details -- from PAN to mobile number.The challenge by Sharma had evoked an immediate response on the social media platform, managing to create quite a stir. The high drama played out on the micro-blogging platform a day after Justice Srikrishna committee came out with its report on data protection where it mooted changes in Aadhaar Act and proposed new safeguards to protect information of Aadhaar holders. WhatsApp building payments service for other markets as it awaits Indian govt nodWhatsApp has started working on building its payments service for other countries even as it waits for the \"green light\" from Indian authorities for offering the feature to its user base here. Facebook-owned WhatsApp has been testing its payments services in India for a few months now with about one million users and is waiting for clearance from the government for a full-fledged rollout across the country. Facebook chief Mark Zuckerberg has said that WhatsApp's payments services \"gives people a really simple way to send money to each other and contribute to greater financial inclusion\".  NBCC may take up unfinished projects of Jaypee, AmrapaliAfter years of frustration  a possible solution may be emerging for the harried home buyers in Jaypee Infratech and Amrapali projects in Noida. State-run NBCC (India) is likely to take up the projects to ensure their completion, and hand them over to their bona fide owners as reported by the Economic Times


PTI
July 29, 2018
The CBDT has directed the Income Tax Department to ensure filing all its petitions before the NCLT by next month to recover due taxes worth crores of rupees from a number of de-registered shell or dummy companies.


BusinessToday.In
New Delhi, July 23, 2018
The move comes at a time when the government is facing stiff criticism from the opposition parties for failing to arrest Nirav Modi - the key accused in the multi-billion PNB bank fraud.


Money Today Team
New Delhi, July 23, 2018
Deadline For Aadhaar-PAN Linking Extended; e-PAN Can Be Generated Instantly


Naveen Kumar
New Delhi, July 23, 2018
Recent changes in income tax laws and filing process may have perplexed many taxpayers, but here is help at hand.


Dipak Mondal
New Delhi, July 20, 2018
The income tax department's action plan for 2018-19 reveals that it is aggressively using data analytics to not just get to the tax evaders but also widen the tax base.


BusinessToday.In
New Delhi, July 18, 2018
As the initial deadline of July 31 for filing Income Tax returns approaches, businessmen and salaried professionals get busy with the daunting task of filing returns. Even a small mistake can cost money and get them unwanted attention from the Income Tax department. Watch BusinessToday.In's video as we take you through a few common mistakes that taxpayers should avoid while filing their returns. 


Virendrasingh Ghunawat
July 17, 2018
Responding to Letter Rogatory, the Singapore authorities have started communicating to the Indian agency. But the authorities, however, are still not willing to hand over any evidence against Nirav Modi till the time they are convinced that he is an economic offender and criminal under the money laundering act.


Dipak Mondal
July 13, 2018
While it's a big relief for both taxpayers as well as tribunals and courts, there is one particular clause in the circular issued by the revenue department that may play spoilsport.


BusinessToday.In
New Delhi, July 13, 2018
Walmart has said that it will fulfil whatever is the regulatory requirement, according to an official aware of the development. The US retail behemoth reportedly added that it will get the tax implication of the deal examined.


Dipak Mondal
New Delhi, July 11, 2018
This increase in the threshold would automatically lead to withdrawal of many pending case under direct and indirect tax litigations.


BusinessToday.In
New Delhi, July 11, 2018
Apart from facilitating ease of doing business, the measure would also reduce future litigation flow from the tax departments. Overall, around 41 per cent cases related to direct taxes and 18 per cent cases related to indirect taxes would be withdrawn after the move.


BusinessToday.in
New Delhi, July 10, 2018
China agrees to cut tariffs on Indian cancer drugsChina said on Monday it had reached an agreement with India to reduce tariffs and increase imports of Indian medicines, particularly anti-cancer drugs. The decision was part of its efforts to broaden trade relations amid its on-going spat with the United States. Both India and China slashed import tariffs of a range of products starting July 1, following the fourth round of negotiations under the Asia Pacific Trade Agreement (APTA), which also includes Bangladesh, Laos, South Korea and Sri Lanka.Income Tax dept sells Cairn Energy shares in Vedanta for $216 millionCairn Energy said it would write down the value of its investment in Vedanta Ltd after Indian tax authorities sold $216 million worth of its shares in the Indian mining company to recover a part of Rs 10,247-crore demanded as retrospective tax. The UK company said it still holds about 3 per cent in Vedanta Ltd after the sale, while warning that it was possible that the Indian tax department might make further sales.Department of Telecom conditionally approves Idea-Vodafone merger dealThe Department of Telecom (DoT) gave its nod to the Vodafone India-Idea Cellular deal to form the biggest telecom entity in India, but with some riders. An official told PTI that DoT has cleared the Vodafone-Idea merger. They will have to meet conditions for final approval. Earlier, it was reported the DoT was looking to raise a fresh demand of around Rs 4,700 crore ahead of the merger deal between Vodafone India and Idea Cellular over one-time spectrum charges on Vodafone.Mark Zuckerberg overtakes Warren Buffet to emerge world's third-richest man with $81.6 bn net worthFacebook's stock has not only recovered from the hammering it took in the wake of the Cambridge Analytica privacy scandal earlier this year, but spiked 2.4 per cent to hit an all-time high on Friday. And in the bargain, it has propelled its co-founder and CEO Mark Zuckerberg into the Top 3 list of billionaires. He is now the world's third-richest man after Amazon's Jeff Bezos and Microsoft co-founder Bill Gates.Malaysia's IHH Healthcare Berhad outbids TPG-Manipal in the battle for Fortis: ReportIn its second round of bidding, cash-strapped Fortis Healthcare received only two binding bids, from Malaysia's IHH Healthcare Berhad and TPG-backed Manipal Health Enterprises Ltd. And the buzz is that the former has an edge over FHL's earliest suitor. According to Mint, IHH is likely to acquire control of India's second-largest private hospital chain with a binding offer for a stake of at least 51 per cent for Rs 4,700-5,400 crore.Yahoo Japan buys back $2 billion of shares in three-way deal with SoftBank, AltabaYahoo Japan Corp is buying back around $2 billion worth of its shares from SoftBank Group Corp as part of a three-way deal with its top shareholders, U.S. investment firm Altaba Inc and SoftBank.The deal will see Altaba, which was formerly the internet giant Yahoo! Inc, sell down its stake in Yahoo Japan by around $2 billion and SoftBank raise its stake slightly in Yahoo Japan to around 48 percent.


BusinessToday.In
July 10, 2018
NCLT bench members B S V Prakash Kumar and V Nallasenapathy said that Mistry was ousted as chairman because the Tata Sons' Board and its majority shareholders had lost confidence in him.


BusinessToday.In
July 10, 2018
The Income Tax Department seized the shares after issuing Cairn with a Rs 10,247 crore tax demand on capital gains made on at the time of the sale of business to Anil Agarwal-led Vedanta.


BusinessToday.In
New Delhi, July 9, 2018
Preliminary discussions are reportedly already underway with the RBI after the finance ministry, income tax department and some investigating agencies raised the issue in the wake of a series of steps to crack down on shell companies and money laundering.


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