THE FUGITIVE ECONOMIC OFFENDERS BILL – 2018 IS BEING DRAFTED TO CHECK THE BAD DEBTS AND TO RECOVER THE LOAN AMOUNT


The Central government may soon bring in the Fugitive Economic Offenders Bill, which proposes confiscation of assets of those who flee the country to evade prosecution or refuse to return, in cases involving more than ₹100 crore. The proposed law assumes significance in view of the reports about major bank frauds. A draft of the … Continue reading THE FUGITIVE ECONOMIC OFFENDERS BILL – 2018 IS BEING DRAFTED TO CHECK THE BAD DEBTS AND TO RECOVER THE LOAN AMOUNT

Income Tax officials raid the homes of jewelers in 8 places in Chennai, recover Rs.90 crores in cash and Rs.29 crores jewellery


The department has been conducting regular raids since notes ban on Nov 8 Till December 6, cash and jewelry worth Rs. 120 crore (90+29=119)had been seized. The officials of the Income Tax department raided the homes of jewellers and sand miners in Chennai and recovered Rs. 90 crore in cash and 100 kg gold today. … Continue reading Income Tax officials raid the homes of jewelers in 8 places in Chennai, recover Rs.90 crores in cash and Rs.29 crores jewellery

REALTOR UNDER THE INCOME TAX SCANNER AT BANGALORE


POLITICALLY POWERFUL REALTOR GROUP, WHICH ACQUIRED HUGE STRETCH OF PROPERTIES, EVER SINCE, THE ARRIVAL OF NEW GOVERNMENT IN THE STATE IS UNDER THE SCANNER OF ENFORCEMENT DIRECTORATE AND SCRUTINY BY THE INCOME TAX DEPARTMENT. THE AGENTS, DIRECTORS, SELLERS AND BUYERS ARE IN THE NET. IT IS SAID THAT THE CATCH WILL BE HUGE WITH LOTS … Continue reading REALTOR UNDER THE INCOME TAX SCANNER AT BANGALORE

HOUSE BUILDING CO – OP SOCIETY`S PROJECT IN SHAMBLES


THE SUPREME COURT OF INDIA`S ORDERS AND THE SUBSEQUENT PROCEEDINGS BY THE BDA AND THE STATE GOVERNMENT HAS FINALLY BROUGHT THE JUSTICE TO THE LANDLORDS, WHOSE LANDS HAD BEEN ACQUIRED FOR THE SOCIETY.  THE LAYOUT(SUPPOSES TO HAVE FORMED) AND THE ALLOTMENT STANDS CANCELLED IN RESPECT OF SEVERAL SURVEY NUMBERS. AS SUSPECTED AND PUBLISHED BY ONE … Continue reading HOUSE BUILDING CO – OP SOCIETY`S PROJECT IN SHAMBLES