Against estimates of black wealth of Rs 300 lakh crore and black money in cash of Rs 3 lakh crore by economist Arun Kumar, the PMGKY numbers fall short by a huge margin.
The states have unanimously pitched for sole administrative powers to carry out assessment, scrutiny and enforcement for entities up to an annual turnover of Rs 1.5 crore.
India Inc is facing threat from non-traditional sources.
Mythological and historical shows are lapped up not just by the young, but equally by grown men and women.
The Centre and states are likely to settle for this threshold.
Has the rail ministry taken care to draw up a transparent framework?
If you were deputed abroad, filing income tax can be tricky.
Aimed at creating a single tax for goods and services across the country, government on Friday introduced the long-pending GST Bill in the Lok Sabha for roll-out of the new regime from April 2016 subsuming various levies like entry tax and octroi.
Notification, FAQs likely after FM Jaitley returns from the US
TCS, Infosys and others are banking on automation to protect their turf in the US, but building a successful revenue model around it may prove difficult
Havells will acquire the entire consumer business infrastructure, people and distribution network. Plus all intellectual property of the Lloyd brand, logo, trademark and attendant rights.
Unlike Income Tax, service tax is not charged automatically.
After the recent attack on debit cards exposed the gaps in their security systems, banks are getting serious about data privacy.
With digital technology, the I-T department's ability to catch tax evaders has increased many times.
What could be the reason for this swift change in less than four years of Mistry taking charge? People in the know said it was building up. The latest trigger was Tata Power's acquisition of Welspun Renewables' solar and power assets
Goods like chocolates, chewing gum, shampoo, deodorant, shoe polish, detergents, nutrition drinks and marble will now attract 18% GST>
The exemption from MAT does not apply retroactively.
SBI-led consortium of 17 banks had a total exposure of about Rs 6,500 cr to Kingfisher Airlines.
As corporate India prepares to put its house in order, the transition raises concerns
The two were convicted on July 6 in the Avenfield properties case linked to the Sharif family's ownership of four luxury flats in London.
By doing away with the 1 per cent inter-state tax over and above the GST rate, the government has met one of the three key demands over which Opposition Congress has been blocking the Bill in the Upper House
Despite the equity booster, many would be uncomfortable about NPS.
In 2013, the government awarded less than 1,500 km of road projects under the EPC mode after it found no takers for PPP projects.
Consumers are set to gain from discounts.
It is high time old boys' clubs inside many large corporations come under serious scrutiny for protecting one of their own.
Any company resident in a country has to pay both indirect taxes as well as Income Tax.
Festive season is the mainstay of most brick and mortar retail chains.
India Inc has too much on its plate to ensure double digit growth in FY16.
More companies with unconventional business models to get into messy legal hassles in India.
On one hand, Limaye will have to battle legacy issues, while, on the other hand, he will have to ensure that the exchange is able to maintain its leadership position.
With cyber criminals becoming savvier by the day, learning how to safeguard yourself is imperative.
Excise exemptions may be whittled in Budget to offset higher govt salaries, pensions
After retirement, the pressure on finances increases in the absence of regular income. Here are a few suggestions to ensure a smooth post-retirement life
Recent easing of restrictions does not address the pain in the sector.
As per Indian tax laws, bonus in kind paid to the employees could be considered as salary income in the hands of the employees.
The Budget has unveiled measures that should now pave the way for India to progress from Make in India to 'Innovate in India'.
Poor governance, constant interference of promoters, opposition from unions and talks of being an acquisition target seen as main deterrents.
Indian Railways plans Rs 39,000 crores non-fare revenue. Via: Branding of trains. Vinyl-wrapping of Rajdhanis, Shatabdis and Garib Raths. Moving billboards.
APAs are part of govt's aim to move to a non-adversarial tax regime.
However, worries on inadequate import and issues for the FTA pacts.
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