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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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Cash received as gift from some relatives is tax exempt

Any transfer of assets to a spouse, without adequate consideration, attracts clubbing provisions I had gifted Rs.2 lakh to my spouse, with which... ...
Gains from sale of inherited property taxed as capital gains

For computing capital gains in case of such inherited property, the period of holding is reckoned from the date of purchase of property by the... ...
Gains are taxed as capital gains when ESOP shares are sold

There are two stages of taxation for shares allotted to employees under ESOP I have received shares under the employee stock option plan (ESOP)... ...
STCG on sale of listed shares will be taxed at flat 15%

Short-term capital gain will be computed as the difference between net sale proceeds (after deducting the incidental transfer charges) and cost of... ...
Pay advance tax if tax on estimated income is above Rs.10,000

Advance tax is payable in prescribed instalments if the total tax liability on the estimated income is likely to be Rs. Im a salaried individual... ...

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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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