Sushil Mohta and his son Saket Mohta, promoters of the Merlin Group, along with others, are accused of fraud, forgery, organised criminal activity, and criminal conspiracy.
Changing the law with retrospective effect while an issue is pending before the Supreme Court of India raises serious institutional concerns.
Kerala Chief Minister Pinarayi Vijayan has written a letter to Union Finance Minister Nirmala Sitharaman seeking a judicial probe into the unnatural death of C.J. Roy in the midst of a search action by the Income Tax personnel on January 30.
The Indian economy is poised to grow at 7.0 per cent in the current fiscal 2025-26, Crisil said as it raised projections by 50 basis points soon after the country registered robust growth in the first half.
Gahlot is currently a BJP MLA from Delhi's Bijwasan area, while the action has been taken against him in a case lodged when he was the Transport Minister in Delhi's Aam Aadmi Party Government.
The Union Budget 2025-26 sets out to address a range of economic challenges, from reviving growth to bolstering social welfare.
Ahead of the Union Budget 2025, the EY India has said the government is expected to focus on boosting private capex, tax simplification and reduction in personal income tax, particularly for the lower-income groups, to stimulate demand.
The Confederation of Indian Industry (CII) on Sunday urged the Central government to reduce the income tax for individuals and cut excise duty on fuels to increase disposable incomes in the hands of consumers, which would increase spending thereby spurring economic growth.
The total number of women filing income tax returns in India has shot up by a robust 25.3 per cent in the last four years from 1.83 crore in assessment year (AY) 2019-20 to over 2.29 crore in AY 2023-24, according to figures compiled by the Income Tax Department.
The number of crorepati taxpayers in India increased five times to 2.2 lakh in the income tax assessment year (AY) 2024, compared to AY 2014, according to a new report.
