Dazed by demonetisation twists? Read the new FAQ

Prime Minister Narendra Modi promised on November 8 that the pain due to demonetisation will ease within 50 days, yet within this duration the Reserve Bank of India has changed the rules at least......

Money laundering scam turns out murkier than expected

The banks used for the fraud include ING Vysya Bank, ICICI Bank, Kotak Mahindra Bank, Axis Bank, IndusInd Bank, Dhanlaxmi Bank, YES Bank and DCB Bank. The trade-related money laundering scam,......

Retain service tax and excise duty rate

Rajdeep Endow, Managing Director, India & Global Delivery LeadIn the case of direct taxes:1. Reduction in corporate tax rate: In view of the fact that the present Budget is expected to be......

'Leave salary' - Let the taxman decide

Recently, a friend of mine left his company after working there for 15 years. He didn't retire or take voluntary retirement. He had simply resigned as he had been offered a better job in another......

Retire in instalments

The Voluntary Retirement Scheme with its associated exemptions was inserted in the Income Tax Act way back in 1987. Ever since, there has been a misconception that the entire compensation has to be......