GAAR will not override the recently revised double taxation avoidance agreements with Mauritius and Singapore.
Its officers would wear black bands on Monday, which is also Martyrs day, the IRS Association (Customs and Central Excise) has said.
It was better to first build a single-rate GST with a low rate, achieve full mastery of this, and then consider more complex possibilities such as high rates and multiple rates.
Fresh PoEM guidelines will affect pharma, energy, automobiles, manufacturing and software companies.
India has a huge trade surplus with US - over $20 billion a year in the past five years.
NITI Aayog wants the prime minister's flagship initiative should focus on labour-intensive sectors and policies that impede their growth to get special attention.
The PMGKY will not allow declarants to use claims made for refunds for advance taxes paid, tax deducted at source and tax collected under the scheme.
CBDT circular issued last month had raised multiple taxation concerns.
Import growth moderated to a four-month low, owing to sharp decline in that of gold.
The sharp rise was also due to a statistical illusion -- low industrial numbers in November 2015, and sharp reversal of a 12-month declining trend in capital goods.
The mismatch between PMI and core sector could also be due to the fact that while core sector is calculated year-on-year, PMI is calculated month-on-month.
Whether or not such an overhaul will be carried out depends on the government's comfort level.
If a risk taker and young, NPS would suit her/him. Otherwise, s/he should go for EPF.
Downloading songs, movies, books? You may have to pay tax on it.
Exemption limits, standard deduction on radar.
An expected withdrawal of FIIs from the market likely to weaken the rupee against the dollar.
Pronab Sen, the government's former chief statistician, says contrary to perception, GDP growth won't be drastically hit in the present quarter.
'Investigation directorates have intensified actions in detecting serious irregularities.' 'They are seriously handicapped because of non-availability of manpower.'
A large number of people using cards at PoS Cards being used more frequently Small-ticket transactions Mastercard South Asia head Porush Singh calls these the three key trends for a cashless future. And post-demonetization India, he believes, is steadily moving towards it.
Although the markets could see a knee-jerk reaction, they rule out a sharp fall.
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