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Vikas Vasal

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Raise I-T threshold for TDS deduction: Easwar panel

The draft report of the committee contains 27 suggestions for amendments under the I-T Act and eight for reform through administrative instructions. A high level panel on simplification of income......

Inflation under check in 2015? Not quite!

  While onion prices again brought tears to the eyes of consumers, prices of tur dal touched record high levels above Rs 200 a kilogram. When it comes to inflation, the year 2015 has shown......

Black money: Action time now, warns Centre

With easy compliance window over for new law, FinMin looks at info, leads to nab black money holdersWith the three-month window for escaping prosecution and penal provisions of the stringent law on......

Corporate India gets jittery over black money Bill

The Undisclosed Foreign Income and Assets Bill, popularly called the black money Bill, is making corporate India jittery. It feels certain provisions of the Bill are too stringent and could prevent......

Small businesses don't need to maintain book of accounts

Companies having a turnover of under Rs 1 crore can opt for presumptive tax scheme. If you’re running a small business, you can save the cost and hassles of maintaining book of accounts and......
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House possession delay? May lose 85% tax benefit

As if the mental harassment of delayed delivery of a house is not bad enough, you could also be losing 85% of the tax benefit on your home loan,... ...

http://timesofindia.indiatimes.com/business/india-business/Possession-of-house-delayed-You-may-lose-85-tax-benefit/articleshow/50938604.cms
Hasmukh Adhia

Revenue Secretary Hasmukh Adhia said we see a small shortfall. But this will be made good by indirect tax collections, wherein weve seen 88% of the... ...

http://www.financialexpress.com/article/economy/tax-revenue-target-to-be-met-hasmukh-adhia/209866/
Experts seek more clarity from CBDT on PoEM norms , detailed FAQs

It is felt that that the changes proposed are new from an Indian perspective. Tax experts have sought greater clarity from Central Board of... ...

http://www.thehindu.com/news/national/experts-seek-more-clarity-from-cbdt-on-poem-norms-detailed-faqs/article8205735.ece?utm_source=RSS_Feed&utm_medium=RSS&utm_campaign=RSS_Syndication
CBDT lays down norms for e-assessments

The Central Board of Direct Taxes (CBDT) has laid down operational guidelines for e-assessments of select non-corporate taxpayers to be undertaken... ...

http://www.thehindubusinessline.com/economy/policy/going-paperless-cbdt-takes-the-next-move/article8199047.ece?utm_source=RSS_Feed&utm_medium=RSS&utm_campaign=RSS_Syndication
CBDT set to make refunds faster

The CBDT has issued guidelines for expeditious tax refund of up to Rs 5,000 in cases where the department wants to adjust the refund with a pending... ...

http://www.asianage.com/business/cbdt-set-make-refunds-faster-355

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