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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......

Govt may relax LTC norms in Budget to boost tourism

In order to give boost to the tourism sector, the Budget is likely to expand the scope of LTA and LTC by including hotel and other expenses besides travel for the purpose of tax benefit. The......

Tax benefits, duty cuts top India Inc's Budget wish-lists

As the Budget day approaches, various sectors are lobbying hard for tax benefits and duty cuts while a few others want the government to ensure a stable and predictable taxation regime. The groups......

Foreign cos may be allowed to claim deduction on dividend tax

The government is contemplating tweaking tax laws to allow foreign companies claim deduction in home countries for the dividend tax paid by the subsidiaries in India. Some announcement in this......
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Lower tax rate, compliance will reduce arrears

ncome tax authorities are battling hard to recover outstanding income tax dues of over Rs 8 lakh crore including arrears from previous years.... ...

http://www.sunday-guardian.com/business/lower-tax-rate-compliance-will-reduce-arrears
Importance of replying to tax notices in time

Last month, the Central Board of Direct Taxes (CBDT) issued a circular dated 14 May explaining the procedure that a taxpayer should follow to... ...

http://www.livemint.com/Money/dbZldJO8keKb2qnXotXs8K/Importance-of-replying-to-tax-notices-in-time.html

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Coming to India and making

Success in manufacturing is not just about being cheap - cheap labour, cheap land, cheap power...
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