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Prime Minister's National Relief Fund(PMNRF) and National Defence Fund(NDF)
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All donations towards the Prime Minister's National Relief Fund(PMNRF) and the National Defence Fund(NDF) are notified for 100% deduction from taxable income under Section 80G of the Income Tax Act,1961
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| TOP HEADLINE |
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ED to seek immediate confiscation of Nirav Modi's assets under new Fugitive Economic Offenders Ordinance |
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The Enforcement Directorate is set to move a special court in Mumbai to seek permission for immediate confiscation of about seven thousand crore rupees assets of PNB scam accused Nirav Modi under the recently promulgated Fugitive Economic Offenders Ordinance.
The agency will seek an official declaration to categorise Nirav Modi as a fugitive based on its prosecution complaint filed before a special court in Mumbai last week under the Prevention of Money Laundering Act. On May 24, the Directorate had filed its first charge sheet in the over two billion US Dollars PNB fraud case involving Nirav Modi and his associates.
The court is expected to take cognisance of the 12,000 page charge sheet today and the counsel for the agency will subsequently seek its permission to invoke the provisions of the Fugitive Economic Offenders Ordinance against Nirav Modi and immediately begin the procedure to confiscate all his assets in India and abroad.
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