The new Income Tax return forms are much simpler in many respects.
The company has finalised a three year business plan to increase revenue and control costs.
The tax computation compares the original cost, along with the stock value on January 31, and grants benefit of the higher of the two.
Last week, the government had introduced the black money Bill.
Firms that have a turnover of under Rs 1 cr can pay tax without maintaining books.
Budget smartphones will rule the market in 2015.
Rationalisation in taxation on the retirement scheme puts significant money in the hands of investors.
To save promoters from 10% levy, 70 firms call board meetings on interim pay.
The proportion in which a joint home loan is taken is important.
This move to make it easier for funds to avail of tax exemptions.
Combined debt-equity ratio of top companies declines but interest expenses outgrow profits.
If the sum assured is less than 10 times premium, the proceeds will be taxed.
This route accounts for Rs 2.75 lakh crore of FPI holdings.
The broader markets ended mixed with mid-caps gaining 0.1 per cent and small-caps falling 0.1 per cent on the BSE.
Many hurdles that investors could have faced after enrolling for the scheme have been removed.
The tax imposed on buyback of shares and employee stock options is different in case of listed and unlisted companies, says Sudipto Dey
Arun Jaitley said he would put the DTC Bill in cold storage.
The adjustment orders for AY2012, are expected between January and March 2016.
'The web of transactions is so complex that it requires expertise to understand the strategies involved in each fraud.'
Exemption from minimum alternate tax for REITs & infrastructure investment trusts; Depository receipts on all securities eligible for tax benefit
The Supreme Court-appointed Special Investigations Team on black money has also proposed that holding more than Rs 15 lakh in cash be made illegal for individuals and for companies, report Tinesh Bhasin and Sanjay Kumar Singh.
This is the first time airwaves in 700 Mhz band will be put up for auction
Its officers would wear black bands on Monday, which is also Martyrs day, the IRS Association (Customs and Central Excise) has said.
The government has made employers responsible for verifying whether the claims filed are according to the law. Earlier, companies went only by self-declaration of employees.
Under the amended treaty with Mauritius, for two years beginning April 1, 2017, capital gains tax will be imposed at 50 per cent of the prevailing domestic rate.
The development is expected to pave way for greater transfer pricing cooperation between the two countries, enhance investment flow
At least 200 investors have to furnish financial statements
Expressing disappointment over the hike in repo rate by the RBI, India Inc on Friday said a rate cut by the bank would have helped ameliorate sentiments as businesses are "reeling" under a tight liquidity crunch due to high cost of capital.
Clarifies 'profit-split' will not be only method to compute tax
The size of corporate fraud in India almost doubled after 2009, and such cases also increased in number, said a report from Thought Arbitrage, a think tank in Delhi.
Consensus seems a problem before the current session of Parliament ends.
Sebi directs freezing of all demat accounts not linked to Aadhaar by December 31
There will be higher charges for bank account-holders.
Cooperative societies get more tax benefits as compared to individual house owners.
The tax dept has served notices on about 36 foreign investors.
Recent easing of restrictions does not address the pain in the sector.
When Taragauri Doshi's husband died, an assessing officer wanted to tax the proceeds from a life insurance policy that had been bought abroad. Homi Mistry, Mousami Nagarsenkar & Hiral Tanna explain why such proceeds are not taxable in India.
A handful of online retailers have started offering alcoholic beverages through the e-commerce route since then. Letsbuydrink.com caters to Delhi, Gurgaon, Faridabad and Mumbai and offers imported alcoholic beverages for sale.
Finance Minister Arun Jaitley takes a protectionist stance in favour of domestic companies, increases customs duty on certain products.
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