Roshans are in for questioning by enforcement Directorate for Foreign Management Exchange Act violation. It is reported in media that investigations against Roshan began in May this year after a representative of Spectrum Entertainment, a US-based company, sent a complaint to the agency saying that Roshan had paid them just $ 4.3 million against pending bills of $ 5.9 million. Spectrum Entertainment was hired by Roshan to manage all outdoor shoots of Kites in the US.
Wesley Snipes, 47, was found guilty in 2008 of not filing tax returns from 1999 to 2001, and consequently failing to pay the government nearly 12,000,000 dollars, TMZ.com reported.He was sentenced to 36 months in prison, but he made an appeal claiming among other things that his sentence was “unreasonable”.
The benefit of duty exemption in respect of breakage of PET bottles upto 0.5% citing the Board’s Instruction letter No. ID/3/70-CX8, as amended vide letter F.No. 261/ID/1/75-CX8 dated 17.09.1975 has been expressly is stopped as CBEC cancelled its intrtruction vide its new Circular No. 930/20/2010-CX . As per the letter (inmstruction ) dated 17.09.75, tolerance […]
Rs 10 crore from the Adiparasakthi temple in Melmaravathur was seized by The Income Tax department, in its first biggest seizure of unaccounted cash in Tamil Nadu, on Friday .The raid on the premises under Section 132 of the Income Tax Act was based on information regarding the stocking up of a large amount of black money in the temple run by self-proclaimed godman Bangaru Adigal. The cash was seized from his house on the temple premises, an official said.
No more visit to West Bengal sales tax office for procuring C and F forms as the state government introduces the new scheme, under which the facility of generation and printing of ‘C’ and ‘F’ Forms with the required particulars will be available to the dealer in his desktop after he has furnished the VAT and CST Returns online with all the required annexures along with invoice-wise details of inter-State purchases/ stock transfer, followed by the submission of printed hard copy of Return, as provided under the law.
Income tax departments released the revised draft direct tax code today. The draft DTC along with the Discussion Paper was released in August, 2009 for public comments.The response from various stakeholders has been overwhelming and a number of valuable inputs have been received. CBDT has released
Media reported that Mr Nandan Nilekani has been appointed to advise Government on on various IT initiatives taken in the areas of income tax, new pension system and the proposed Goods and Service Tax.