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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......
Budget 2013: Tax credit of Rs 2,000 for persons with income up to Rs 5 lakh
Giving small relief to taxpayers, Finance Minister P Chidambaram on Thursday announced a tax credit of Rs 2,000 for persons with income up to Rs 500,000. The proposal, he said, will benefit 1.8......
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