A decision has been taken by the government to crack the whip on fraudulent multi-level marketing companies that have duped hundreds of investors in the country by blocking their websites and tracking their online transactions. In this regard, Corporate Affairs Ministry, the nodal department, has decided that its investigative arm – Serious Fraud Investigation Office (SFIO) – [ Read More ]
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No amnesty scheme to check black money: GovtOn the issue of black money the government today has said that the Income Tax Department has not recommended ‘amnesty scheme’ to deal with the issue of black money. On the question of, if the Central Board of Direct Taxes (CBDT) has recommended “amnesty scheme” on black money on the lines of the US the [ Read More ] Personal income tax collection up 10.02 percent in April-MayAccording to the data furnished by the finance ministry, gross direct tax collections increased 3.62 percent to Rs.52,232 crore from Rs.50,407 crore in the corresponding period of 2011-12. The ministry said the net direct tax collection zoomed 172.64 percent during the period under review to Rs.35,323 crore from Rs.12,956 crore in the same period. The [ Read More ] |
