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Archive for: January 2018

Congress Led Punjab Govt Arrests Fmr VC Of IK Gujral PTU

[Chandigarh,,Pb]Congress Led Punjab Govt Arrests Fmr VC Of IK Gujral PTU
Late Gujral’s Son is a Akali leader and a Parliamentarian
Punjab Vigilance Bureau arrested Dr Rajnesh Arora former Vice Chancellor of I.K. Gujral Punjab Technical University (PTU), Kapurthala
As per an official spokesperson of the Vigilance Bureau , Dr Arora appointed 6 coordinators and facilitators arbitrarily without publishing any advertisement and paid Heavy Amount during the years 2012-13 and 2013-14 ,
During investigation it has also been found that Dr. Arora had made exchange of huge amount of money without following the Financial Rules.
As per Reports,Dr Arora allowed payment to a private company, M/s NETiit, about Rs 25 crores as counselling fees, without following Financial Rules. The spokesperson said during the ongoing investigation in this case the role of other officials/employees would also be investigated

Direct Tax Collected with 18% Growth

[New Delhi] Direct Tax Collected with 18% Growth
Direct Tax collections up to December, 2017 show that net collections are at Rs. 6.56 lakh crore which is 18.2% higher than the net collections for the corresponding period of last year.
The net Direct Tax collections represent 67% of the total Budget Estimates of Direct Taxes for Financial Year (F.Y.) 2017-18 (Rs. 9.8 lakh crore). Gross collections (before adjusting for refunds) have increased by 12.6% to Rs. 7.68 lakh crore during April to December, 2017. Refunds amounting to Rs.1.12 lakh crorehave been issued during April to December, 2017.
An amount of Rs. 3.18 lakh crore has been received as Advance Tax up to December, 2017 reflecting a growth of 12.7% over the
Advance Tax payments of the corresponding period of last year.
As per Ministry Of Finance , The growth in Corporate Income Tax (CIT) Advance Tax is 10.9% and that in Personal Income Tax (PIT) Advance Tax is 21.6%.
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