ED said it seized Rs 5,100 crore worth of jewellery, and precious stones and metals.
About 35 lakh people failed to file tax returns in 2017, Finance Minister Arun Jaitley informed Parliament.
Net direct tax collections in April to January rose 19.3 percent on a yearly basis to Rs 6.95 lakh crore.
The Finance Ministry is actively looking at PSU Bank consolidation, said Jaitley.
Long-term capital losses can’t be set off or carried forward if shares are sold between Feb. 1 and March 31.
The government still expects more dividend from the Reserve Bank of India.
Nearly 25 lakh e-way bills were generated in 13 days during the trial run.
Government to issue six different securities under its recapitalisation bond plan.
Collections from the Goods and Services Tax stabilised in December after falling to their lowest in November.
The government selling stake in one state-run entity to another is nothing new.
The Centre will get about Rs 17,500 crore, and the remaining would be distributed among all the states.
This will be the last meeting of the GST Council ahead of the Union Budget.
Direct tax collections during the first nine-and-a-half months of the current fiscal stood at Rs 6.89 lakh crore.
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HUL says it will respond to the notice from the anti-profiteering body, stating its position.
Forty eight individuals were convicted during the same period as compared to 13 last year.
A presentation will be made by the ‘Capital Markets’ division under the Finance Ministry before the committee.
The government has set the fiscal deficit target at 3.2 percent of the GDP for the current financial year.
The CII asked to lower corporate tax to 18 percent and withdraw tax incentives, exemptions, surcharges and cesses.
The government should think of providing social security such as pension to farmers, a farmers’ body demands.
The Indian government has managed to achieve 67% of the direct tax collection target for 2017-18.