As Centre cedes power to states in indirect tax, it wants to all ystaffers' worry of little work.
While it was technically not possible to block the deal, the tax department could resort to arm-twisting.
One of the key concerns of foreign investors is how the general anti-avoidance rule would apply in case an investor is availing benefits under double taxation avoidance agreement.
Fresh PoEM guidelines will affect pharma, energy, automobiles, manufacturing and software companies.
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.
Import growth moderated to a four-month low, owing to sharp decline in that of gold.
Whether or not such an overhaul will be carried out depends on the government's comfort level.
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.
'Investigation directorates have intensified actions in detecting serious irregularities.' 'They are seriously handicapped because of non-availability of manpower.'
Although the markets could see a knee-jerk reaction, they rule out a sharp fall.
The I-T department will rely on data analytical tools and run models to separate black money holders and genuine taxpayers based on the large data base being shared by banks.
Adjusted for inflation, the earlier scheme would have collected Rs 25,000 crore.
Consensus seems a problem before the current session of Parliament ends.
It was found the declarants were persons of suspicious nature and very small means, and the declarations could have been misused.
Measures may include tax slab and rate revisions for individuals, companies.
The onus to explain that the gold jewellery was inherited or bought from known sources of income would be on the owner.
While the government has the option of ensuring the passage of these Bills as money Bills, there are voices within the government advising discretion on the GST roll-out by April 1.
Growth in the third quarter (October-December) is expected to be the weakest in years, with spending hit due to unavailability of enough replacement currency.
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