Fake Invoices: Beware! IT Reopens Old Assessments

These cases are being reopened under Section 147 of the Income Tax Act, which empowers the department to reassess income if it believes that taxable income has escaped assessment. Illustration:......

From bricks to stocks: Indian family houses take leap with new-found wealth

Led by a new generation of entrepreneurs, India’s family offices are shifting from traditional investments in physical and tangible assets like real estate to investing in technology,......

India likely to raise funds from interest-soft overseas markets

Some international markets offer interest rates as low as one per cent, which could reduce the government's interest cost significantly. The Indian government is expected to raise debt from......

Even after a week, new I-T e-filing portal continues to face glitches

A week after the Income Tax Department's much publicised new e-filing portal went live, users continued to face technical glitches ranging from longer than usual logging time, inability to respond......