Jet Airways , battling with financial woes, is already under the lens of Sebi and the corporate affairs ministry for various violations, including alleged corporate governance lapses.

The stock fell up to 8 percent or 19.55 points to 224.70 level in morning trade on BSE, its fresh 52-week low.  At 10:52 am, the stock was trading 5.22% or 12.75 points lower at 231.50. The stock which closed at 244.25 opened at 224.70 in trade today.

Income tax officials inspect books of Jet Airways in Mumbai, Delhi officesThe Income Tax Department on Wednesday swooped down on the premises of Jet Airways in Mumbai and Delhi to carry out an inspection of the books of the crisis-ridden airline for alleged falsification of accounts and siphoning of funds. As many as 50 tax officials are reported to have been pressed into action for the survey operation under Section 133A of the Income Tax Act at the Naresh Goyal-led airline's And...

The tax department is also examining the airline's deal with Godrej Buildcon where Jet is said to have received Rs 1,725 crore as a monetary consideration.

The case has been filed based on a charge sheet filed by the Income Tax department against D K Shivakumar early this year before a special court in Bengaluru on charges of alleged tax evasion and hawala transactions worth crores.

As many as 44 shareholders of Flipkart, including significant ones like SoftBank, Naspers, venture fund Accel Partners and eBay, had sold their holdings to Walmart.

Besides, SEBI is expected to deliberate on a proposal on doing away with the requirement of one per cent security deposits for public issuance of debt securities.

The searches are spread across the state but the CBI did not reveal exact locations at this stage, saying it may hamper the ongoing operations.

Even as government pats itself on the back for 71 per cent surge in the number of income tax returns (ITRs) filed upto August 31 this year, the direct tax collection data released by CAG paints an uninspiring picture.

Wipro wins biggest ever contract, over $1.5 billionIndian software services exporter Wipro Ltd has won its biggest-ever contract worth more than $1.5 billion with U.S.-based Alight Solutions LLC for digital services as reported by Reuters. Wipro would earn $1.5-1.6 billion in revenues over the tenure of the deal, which will include services in health, human resources and finance.The deal is expected to be completed in the quarter ending September.  Income Tax dept to wait til...

As per the provisions of the I-T law, Walmart has to deduct withholding tax on payments made to sellers and deposit it with the Indian authorities on the seventh day of the subsequent month, which falls on September 7.

At present, providing father's name in the PAN application Forms is mandatory, however, the applicant has been given an option to select the name of either father or mother, which the applicant may like to be printed on PAN card.

Make sure you have your TDS certificates or Form 16/Form 16A from your employer with you before you start the process.

The buzz is that the Income Tax department stands to make a whopping $2 billion from the $16 billion Walmart-Flipkart deal.

Such analysis was not possible before as the government did not have the data organised in a manner that could allow such comparisons.

Srivastav said that when he first got the notice from the Income Tax department, he didn't take it seriously.

The government has introduced a single application form for foreign investors to enter into the domestic capital market as part of the exercise to improve ease of doing business.

In June, the government had decided to increase the threshold monetary limits for filing appeals with the objective to reduce the number of pending tax litigations at different levels.

The I-T Department added 1.06 crore new return filers during 2017-18 and aims to add 1.25 crore new filers for the current year. In the North East region, this number was 1.89 lakh, she said.

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.