In the recent budget announcement, the Union Finance Minister Nirmala Sitharaman proposed to make the permanent account number (PAN) card and Aadhaar interchangeable, effectively allowing those not possessing a PAN to file income tax returns by quoting their Aadhaar number.
The next logical step is for the government to identify and resolve gaps in the income reported by taxpayers under separate (but relevant) tax legislation. The obvious aspects for this would be income reporting under Indian Income tax and GST laws.
Observing that Rajesh Sharma,chairman and managing director of city-based firm Money Matters,seemed to be the "kingpin" in the multi-crore kickbacks-for-loans scam,the Bombay High Court today rejected his bail plea.
State-owned China Development Bank, with loans worth 98.6 billion rupees ($1.4 billion) was the biggest creditor to the indebted telecom company, according to a filing made by the Indian company to stock exchanges.
The May 23 order, which had cleared the merger of National Sample Survey Office (NSSO) and Central Statistics Office (CSO), had only mentioned Secretary (Statistics and Programme Implementation) as the head of NSO and not mentioned Chief Statistician of India.
Top gainers in the early session were Yes Bank, Bharti Airtel, Hero MotoCorp, Sun Pharma, RIL, M&M, PowerGrid, HDFC Bank, IndusInd Bank, Bajaj Auto, L&T, Coal India and Kotak Bank, rising up to 3.66 per cent.