Taxmen

Foreign Exchange Management Act (Fema) is triggered when life insurance is bought from a foreign company without RBI approval

The AAR, in its ruling, said the investment was routed through the Mauritius entity only to benefit from the India-Mauritius tax treaty while the 'head and brain' of the company was in the US

These officers also have been divested of their current duties on charges of violating Rules 9 and 3(1)(xx) of the Central Civil Service Conduct Rules

The state also urged house owners to consider being lenient with tenants on rentals

Pressing officials to make the taxpayers accept schemes may have a demoralising effect on the officials apart from tax terrorism as mentioned

Tax officers might get a dose of mysticism to aid in their hunt for black money, at the second edition of a retreat for tax administrators, Rajasva Gyan Sangam, starting Friday.Apart from Prime Minister Narendra Modi's address, the taxmen would also get to attend a session by Jaggi Vasudev, popularly known as Sadhguru. Modi's address at the two-day conference, for the Central Board of Direct Taxes (CBDT) and the Central Board of Excise and Customs (CBEC), would be on widening the tax net, clamping down on black money using non-intrusive measures and ensuring smoother goods and services tax (GST) implementation. "The two-day brainstorming will focus on taking forward the very successful year that saw the GST roll-out and stringent action against black money holders after demonetisation. The very popular Sadhguru will deliver a talk to encourage tax departments," said a government official.Vasudev has previously spoken at the United Nations Millennium World Peace Summit and for several .

Only those accounts will be probed that do not match the tax returns.