This single amendment, unfortunately, overshadows much of the Budget's promise, explains Harsh Roongta.
All that you must know about the pros and cons of gift deeds, tax implications, essentials, documents required, conditions, etc...
rediffGURU Samkit Maniar answers readers' personal income tax queries.
Both NRIs and those who make payouts on sale of property need to understand the TDS provisions that are applicable or risk punishment, warns Sanjay Kumar Singh.
From tackling visa woes to admission counselling, rediffGURU Dr Karan Gupta helps you choose the right course and country to study abroad.
rediffGURU Jinal Mehta answers readers' financial planning and health insurance queries
Ritika Gupta, a study abroad expert and founder of Aaera Consultants, explains how Germany's new visa rules will affect international students and working professionals.
NRIs can repatriate the proceeds from the sale of a residential property in India, provided they meet a few conditions.
'As negotiations continue, the path forward demands not only diplomatic skill, but also vigilance against legal asymmetries embedded in America's trade playbook.'
'Our attempt to honour the taxpayer has been since 2014 and more actively since 2019-2020 onwards.'
The Income-Tax (I-T) Department nowadays provides pre-filled forms to make the filing of income-tax return (ITR) easier. Nonetheless, you must have a number of documents handy at the time of filing return so that you can cross-check the data in the pre-filled form. "Filing ITR doesn't require you to upload any document. But in case an assessing officer makes an inquiry, you will need to present documents and certificates as proof," says Deepak Jain, chief executive, TaxManager.in.
Billionaire Anil Agarwal's mining group Vedanta on Monday said it has withdrawn cases in the Delhi high court as well as before an international arbitration tribunal to settle a Rs 20,495 crore retrospective tax dispute with the government. Post slapping of a Rs 10,247 crore tax demand on UK's Cairn Energy Plc for alleged capital gains made on a 2016 internal reorganisation prior to the listing of its India business, the Income Tax Department had sought Rs 20,495 crore in taxes (including penalty) from Cairn India for failing to deduct tax on capital gains made by its British parent. Cairn India was in 2011 bought by Agarwal's group and subsequently, the firm was merged with Vedanta Ltd.
A land-owning class, the Jats are a powerful community and account for 28 per cent of Haryana's population. The time, they believe, has now come for them to take revenge.
The home loan top-up, a kind of secured multipurpose personal loan, is on the regulator's radar, points out Tamal Bandyopadhyay.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
Right steps you can considerably reduce the tax outgo.
'Many non-resident taxpayers faced issues in filing Form 10F since the portal didn't allow those who didn't have PAN to file the form.'
The Income Tax Act empowers the CBDT to capture information in respect of payments to non-residents, whether taxable or not
Missing the deadline for filing Income Tax returns can lead to consequences.
Such investments come with their own share of risks and buyers may need to hold on for at least 5 to 10 years.
If you were deputed abroad, filing income tax can be tricky.
An excerpt from 'Money Smart: The Indian Woman's Guide To Managing Wealth' by Reenita Malhotra Hora and Divya Vij that reveals various options to help you save tax as well as invest for creating long-term wealth.
In a statement, the CBDT, which is the apex policy making body for direct tax policies, said it has never asked IRS Association or these officers to prepare such a report and no permission was sought by them before making the report public. 'It is unequivocally stated that CBDT never asked IRS Association or these officers to prepare such a report.
Realtors expect BMC's 'single window' clearance to be a game changer, leading to correction in property prices.
RNOR status is a sub-set of the Resident Status.
'Why does a State that sees a national security issue at every turn not recognise the seriousness of the data from sensitive databases being breached?'
Getting US citizenship will in no way affect your right of being able to own or hold the agricultural land in India.
You can build your credit score and get tax benefit, but defaulting will make life difficult.
With real estate -- NRIs's favourite investment vehicle in the past -- unlikely to do well in the near future, there is a strong case for NRIs to shift to equity and debt mutual funds, says Prateek Mehta.
Cyber security sleuths have alerted Internet users in the country against phishing attacks from suspect digital signatures which got "unauthorisedly" issued through the state-owned National Informatics Centre.
While for the consumers, there is some gain and some pain, for India Inc, it's all about compliance, consolidation and parity
Dear readers, we had asked you to send in your personal finance queries to be answered by Basis founder and CEO Hena Mehta. Here's the first batch of responses.
'Expectations were being built up about radical moves and the action plan did not disappoint.'
Concluding the three-part series, Paranjoy Guha Thakurta says that the black money law is likely to fail because of the ineptness of India's investigative and enforcement agencies.
'With the Citizenship Amendment Bill, Hindus from Pakistan can come to India. They have got a way,' says Gurumukh Jagwani who came to India on his honeymoon, loved the country so much that he stayed back and got Indian citizenship.
Education, jobs, health and more: Experts share their wishlist.
Education remains one of the key focuses of the new government.
'India missed the software products revolution (and now is in danger of missing the platform revolution), complacent that we are the software experts of the world based on IT services prowess,' points out Rajeev Srinivasan.
'If the BJP wins UP and one or two other states, it could get emboldened and press ahead with its reckless agenda, as well as its divisive agenda.' 'If the BJP fails to form the government in UP and suffers a setback in Punjab and maybe one other state, it could go either way: It could become more reckless or pull back, pause and take stock, moderate its position.'
Congress leaders claim The Associated Journals Limited has 761 shareholders while the company shows more than 1,000