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Black money holders have to pay high penalty after 4-month window
The compliance window is proposed to be open from June 1 to September 30, 2016 and the payment can be made within two months of declaration. In a stern warning to black money holders, the......
The cost of filing belated tax returns
July 31 is typically the last date for filing returns. However, those who missed this deadline can file their returns by March 31. Belated returns can be filed on or before two years from the end......
When taxman comes calling on your bonus
If fringe benefit tax makes a comeback in the forthcoming Budget, there could be some tightening of tax evasion When your company gives you performance-linked bonus in kind -- say a fully paid......
How do ready reckoner rates affect realty prices?
Besides making property more expensive, these also affect the existing owners with higher taxes Not so long ago, potential property buyers were being told prices were under pressure and......
Black money: Dos & don'ts of operating a foreign bank account
Of the 700-odd Indians having foreign bank accounts, not all can be deemed to be operating these illegally. An Indian resident is allowed to open an foreign bank account under the Liberalised......
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