Govt may tighten presumptive taxation norms and also do away with some deductions.
With the Uttar Pradesh government set to conduct a survey of private madrassas, proprietors of the theological schools fear that their institutions may be declared illegal and 'run over by bulldozers'.
According to the report, financial assets of the Indian households are predominantly in the form of bank deposits, followed by life insurance - a pattern that got disrupted after note ban
Lower reduction in fiscal deficit is to stimulate demand in a weak economic environment post demonetisation.
"The response (to the PMGKY) has not been so good...about Rs 5,000 crore of income was declared in PMGKY," Revenue Secretary Hasmukh Adhia said.
Experts believe the new norms may be an indirect way for Sebi to apply the brakes on dividend option plans in MFs.
There was no postal intimation to unitholders who didn't have a registered email address, according to a letter that Midas Touch Investors Association sent to Sebi.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
Before Lok Sabha and Rajya Sabha was proceedings were disrupted by a relentless Opposition over the demonetisation issue, other topics such as compensation for military personnel, counterfeit notes were spoken of. Here's what happened in Parliament.
Ulhas Joshi, Head -- Sales, Rank MF, a mutual fund investment platform, answers your queries.
In the last Budget, the government had come out with similar compliance window for people holding undisclosed assets abroad.
Families with tax-paying members, government employees, professionals, among those who have been exempted from the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) scheme.
This is the seventh time that the government has extended the deadline for individuals to link their PAN with Aadhaar.
Nearly three weeks after Prime Minister Narendra Modi announced junking high denomination 500 and 1000 rupee notes, Finance Minister Arun Jaitley introduced a bill to amend the income tax law.
Congress vice president Rahul Gandhi on Thursday accused Prime Minister Narendra Modi of indulging in political exploitation of the sacrifices of soldiers in remarks that come in the wake of cross-LoC surgical strikes on terror launch pads in Pakistan-occupied Kashmir.
Following the money and freezing anything unaccounted is the only way to set an example for others, suggests Debashis Basu.
The no-confidence motion moved by the opposition Bharatiya Janata Party against the Congress government in Chhattisgarh where assembly polls are due next year, was defeated by voice vote in the state Legislative Assembly on Thursday.
'Earlier, a lot of fear was in the minds of people that the BJP is anti-Christian and anti-minority, but over the years people have learnt to accept that the BJP is just another national party.'
Ahead of the general elections, a slew of states and also the Centre had doled out sops to the marginalised sections, including the farmers and the poor.
Earning returns from an asset lying idle can be a good option in times of volatility.
Leading up to the International Women's Day on March 8, this is the first of a four-part series that talks about how women can invest to achieve their long-term financial goals.
Sukanya Verma looks at women who have fleetingly portrayed the formidable Indira Gandhi on screen.
The government can seek details from sellers such as sources of funds while buying.
With GDP down by 2 per cent, while 99 per cent of banned notes make way back to the banking system, whom did demonetisation benefit?
IDS-2 and raids to uncover black money stash keep receipts flowing
Tax Guru Anil Rego answers your personal income tax queries
This is the eighth time that the CBDT has extended the deadline for individuals to link their PAN with Aadhaar.
'With just 2.4 per cent of global landmass, India houses six to eight per cent of planetary biodiversity and hence is a prime target of wildlife criminals.'
The department apparently suspects the use of shell firms or front entities in some aspects of such remittance. Money might, it suspects, have moved in some cases from tax-free jurisdictions or tax havens to accounts in the UAE and some South Asian countries.
Leader of Opposition Mallikarjun Kharge, speaking on the Motion of Thanks on the President's address, charged the government with not delivering on its various promises, including generating two crore jobs per year.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
There will be a review of employee compensation arrangement in the light of the new rules.
Almost 2,000 companies whose private provident and pension funds have invested in non-convertible debentures of IL&FS group firms are staring at the prospect of booking losses to the tune of Rs 9,000 crore or more if the interest income is added.
Tax Guru Anil Rego answers your personal income tax queries.
Finance Minister Arun Jaitley counter Rahul Gandhi's attack over issues related to the JNU, intolerance, inflation and foreign policy.
ndependent of the political fallout, which Stalin has sought to arrest through the withdrawal of the measures as fast as they were introduced, there are concerns about the way those decisions came to be taken, without adequate application of mind, not in official terms but in political and electoral contexts, points out N Sathiya Moorthy.
President Ram Nath Kovind on Monday said the country's farm production and procurement increased during 2020-21 crop year despite the pandemic and agricultural exports reached a record level of Rs 3 lakh crore during the same period. In his address to the joint sitting of both Houses of Parliament at the start of the Budget session, Kovind said the government is focusing on making the country self-sufficient in edible oils besides making special efforts to promote organic farming, natural farming and crop diversification. "My government is working continuously to empower the farmers and the rural economy of the country... I would like to give maximum credit to the small farmers of the country for this consistent success and strengthening of the agriculture sector," he said.
'Wherever in the world there is political instability, those countries are beset with severe crises today. But India is in a much better position than the rest of the world due to the decisions taken by my government in the national interest,' President Droupadi Murmu said in her address to both Houses of Parliament.
Officials said the oil marketing companies had provided data to the Income Tax department.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
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