PAN Card rules changed: Income Tax Department has set new Pan Card guidelines to prevent illegal tax evasion which will be effective from December 5, 2018. The new Pan Card rules will be effective only for the annual financial transactions worth Rs. 2.5 lakh or more as per reports in a leading daily. Moreover, this new rule will have influence on such taxpayers who are associated with the business or […]

The deposits made in old Rs 500 and Rs 1000 notes within the 50-day demonetisation window provided by Prime Minister Narendra Modi have crossed the Rs 10 lakh crore mark. Over one crore bank accounts were into use to make the transfer. Surprised by the huge deposits, the Income Tax Department has begun its operation to bring out the black money keepers out in the open. A total of 18 […]

CBI and ED in 2012 had attached assets worth over Rs 50 crore to Rs 70 crore, including expensive cars, helicopters and immovable assets A replica of a palace right in the middle of Bengaluru, a lavish event spread over five days and bride’s trousseau worth crores; former BJP minister and mining baron Janardhana Reddy has done all he can to make sure his daughter’s wedding was in the headlines. […]