CBDT forms Working Group to assess tax risks of High Net Worth Individuals migrating abroad

The Central Board of Direct Taxes (CBDT) has constituted 5-member working group (committee) to examine taxation aspects related to High Net Worth Individuals (HNWIs) who are migrating abroad to other jurisdictions. The Working Group will be headed by Pragya Sahay ..

Month: Current Affairs - April, 2018

Cabinet approves Fugitive Economic Offenders Bill, 2018

The Union Cabinet has approved introduction of Fugitive Economic Offenders Bill, 2018 in Parliament. The bill proposed by Finance Ministry aims to curb practice of evading criminal prosecution by economic offenders (wilful defaulters) who flee from country to evade clutches ..

Month: Current Affairs - March, 2018

India sgns pacts with UK on illegal migrants’ return

India and the United Kingdom (UK) have recently signed two agreements on return of Indians, who are living in Britain as illegal migrants and sharing criminal records and intelligence. The development comes close on heels of India seeking UK’s help ..

Law Ministry approves Fugitive Economic Offenders Bill, 2017

The Union Law ministry has approved Fugitive Economic Offenders Bill, 2017 to empower government to confiscate property of economic offenders and defaulters who flee India. The Bill seeks to deter economic offenders from evading the process of Indian law by ..

Month: Current Affairs - September, 2017

Current Affairs: October 14, 2011

Appoint Child Welfare Officers in Every Police Station: SC to States and UTs The apex Court of India maneuvered the States and UTs to appoint child welfare officers in each police station. Objective: For supervising and expanding improved handling to juveniles ..

Month: Current Affairs - October, 2011

Category: Government Schemes Current Affairs