Govt to settle almost all retro-tax cases this month: Revenue Secy

Govt to settle almost all retro-tax cases this month: Revenue Secy

The government will settle almost all the retrospective tax cases this month, closing a chapter that plagued India’s reputation as an investment-friendly destination, a top official said on Friday. A 2012 amendment that gave taxmen powers to go back 50 years and slap capital gains levies wherever ownership had changed hands overseas but business assets … Read more

V K Sasikala’s property near Chennai attached under Benami law by taxmen

V K Sasikala’s property near Chennai attached under Benami law by taxmen

Over a three acre land parcel, linked to V K Sasikala, situated at nearby Payyanoor village was on Wednesday provisionally attached by the Income Tax authorities under the prohibition of Benami Property Transactions Act. A Provisional Attachment Order pasted on the premises in the village restrained Sasikala, a former key aide of late Chief Minister … Read more