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You will need to prove how you got the gold

The onus to explain that the gold jewellery was inherited or bought from known sources of income would be on the owner, reports Dilasha Seth/Business Standard. As rumours did the rounds that the......

Filing Income Tax returns gets more complicated

Those with annual income of more than Rs 50 lakh will have to furnish a lot of additional details Filing income-tax returns is not a pleasant job for most, even for those who have no income to show......

Hoodwinking taxman using family is difficult

Returns on investments received by a housewife will be taxed; parent or spouse gifting an asset will usually need to pay tax and a minor's income is clubbed with parents', with some exceptions.......

Investing in NPS is more attractive now

Rationalisation in taxation on the retirement scheme puts significant money in the hands of investors. Image: NPS will become an attractive avenue for retirement savings than it was earlier.......

Why taxpayers need not worry about tighter PAN norms

Most of the changes rationalise earlier rules The income tax department recently changed the regulations that require individuals to quote their Permanent Account Number for certain......

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Tapati Ghose

News for Tapati Ghose

You will need to prove how you got the gold

Filing Income Tax returns gets more complicated

Hoodwinking taxman using family is difficult

Investing in NPS is more attractive now

Why taxpayers need not worry about tighter PAN norms

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