Taxmen 

An Income Tax source confirmed that their benami properties division has issued the provisional attachment orders under the Prohibition of Benami Property Transactions Act of 1988, regarding various properties linked to the Nationalist Congress Party (NCP) leader’s family members, including his son Parth Pawar.

Nothing to worry about Budget's 'raid' proposal, I-T chief says

The Union Budget presented by Finance Minister Arun Jaitley recently may have proposed that the Income-Tax Department can carry out raids without disclosing ‘reason to believe‘ but the Chairman of the Central Board of Direct Taxes (CBDT) says the common man has nothing to worry.

CBDT chief allays fears of harassment by taxmen

The tax department said no authority has been given to any officer to harass taxpayers or abuse the law, and taxmen have powers to provisionally attach property of an assessee for six months only to prevent evaders from selling property.

India is an outlier, but for a good principle: Jayant Sinha

The recent tweaked tax treaty with Mauritius is silent on taxing derivatives. Jayant Sinha, minister of state for finance said India is one of the few countries to say that the current tax regime in inequitable and has to be changed.

Evening Bulletin: Top 10 headlines on Akshaya Tritiya

All the key events that made headlines.

Mah Satyam-Tech Mah to appoint bankers to fasten merger

The merger process of Mahindra Satyam and Tech Mahindra is soon gathering steam. It is on the look out to appoint bankers to finalise the merger details. However, the tussle with the taxman may play spoiltsport, reports CNBC-TV18 quoting sources.