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Sebi levies Rs 20 lakh on 4 entities in illiquid stock options case at BSE

Sebi levies Rs 20 lakh on 4 entities in illiquid stock options case at BSE
dtnext.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dtnext.in Daily Mail and Mail on Sunday newspapers.

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Special GST refund drive till May 31

Special GST refund drive till May 31
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The Revenue Department on Saturday announced a fortnight-long special drive to clear pending GST refund claims, citing the possible adverse impact on economic activity due to the restrictions in several States to curb the COVID-19 pandemic’s second wave.
“It is urged that in these difficult times, all central tax officers should endeavour to make their best efforts and contribution in the fight against COVID-19, by liquidating the pending GST refund claims by 31.05.2021,” GST Commissioner Sanjay Mangal wrote in a special communique to the department’s field formations.
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Taxman's Data War- Business News

Taxman's Data War
As tech helps tax authorities check evasion and fraud, taxpayers complain of harassment and misuse of powers
Illustration by Nilanjan Das
Last year, a businessman from Rajkot, Gujarat, declared an income of less than Rs 5 lakh in his tax return. However, information collated by the Income Tax (I-T) Department showed he had deposited Rs 10 crore - and withdrawn Rs 7.5 crore - in cash during the year. The department sent him six notices, a dozen SMS alerts and tried every means to contact him. He remained elusive, forcing it to raid the business premises mentioned in the I-T return. It was a wrong address. I-T officials took the home address from his bank, but he was missing from there. It is now in the process of attaching his bank account and other assets.

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Taxman's Data War- Business News

Taxman's Data War- Business News
origin-businesstoday.intoday.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from origin-businesstoday.intoday.in Daily Mail and Mail on Sunday newspapers.

Delhi , India , Netra , Gujarat , Japan , Vapi , India-general- , Rajkot , United-kingdom , Brazil , China , Kolkata