Not doing so might mean a penalty, not being able to revise returns or carry forward losses and forfeiture of interest on refund
India does not have a unified regulatory regime to counter Ponzi, or pyramid, schemes whose operators typically grab new deposits to meet their promise of guaranteed returns to existing savers, point out Manoj Kumar and Mayank Bhardwaj.
The government on Saturday made its prior approval mandatory for foreign investments from countries that share land border with India to curb 'opportunistic takeovers' of domestic firms following the COVID-19 pandemic, a move which will restrict Foreign Direct Investment from China.
Barely 10% of small businesses are in a GST-ready position, say experts
The note guides taxman to avoid seeking voluminous details.
The US Trade Representative's (USTR) office will also conduct the Section 301 probe against nine others, including Austria, Brazil, Indonesia, Italy, Spain, Turkey, the Czech Republic, the UK, and the EU, for levying or considering digital services taxes "discriminating against US companies".
Purnendu Maji and Srinivas Bhogle list IPL 2020's Paisa Vasool Players.
The CMS allows e-adjudication of certain lapses and paying penalties online, doing away with the need to visit an MCA office or go through a legal process.
Satyam Computer on Monday said it has appointed Venki Prathivadi as the country manager for its Australia and New Zealand operations.
The need for a regulatory authority has been felt since a long time in the real estate sector, struggling for many years due to tough market and economic conditions.
The government in Budget 2017 has already mandated seeding of Aadhaar number with Permanent Account Number to avoid individuals using multiple PANs to evade taxes.
India's COVID-19 curve has been steadily rising throughout the lockdown period with a massive spike in cases in the fourth phase of the lockdown that ended on May 31 and afterwards.
The most commonly asked questions relate to symptoms and prevention -- 'Will summer kill the coronavirus?', 'Should outside food and non-veg food be avoided?', 'Does smoking affect chances of recovery?', 'Are face masks useful?', 'Are hand sanitisers better than soap?', 'Are elders in my family more susceptible?'
The Budget has relaxed a few safe harbour rules that aim to make it easier for fund managers overseeing offshore India-focused funds to relocate to the country.
The report, floated recently, comes a few days after the government cancelled the registration of Bengaluru-based NGO Infosys Foundation for alleged violation of norms in receiving foreign grants.
Regulators find it difficult to track down illicit transactions with no limit on the number of subsidiaries.
If a house is sold and the proceeds are used to buy another, whoever contributed to the purchase of the first house can claim exemption on capital gains tax
Analysts believe the GST could boost India's economic growth by up to 2 percentage points
As per norms, the returns have to be filed online on www.aces.gov.in.
The new scheme came into effect on Thursday. However, even after a scrutiny assessment, appeals will continue to be done through personal representation.
In the previous Budget, the government had come out with a similar scheme.
FY14 sees 16% decline in adjustments; department adds only Rs 59,000 crore to the profits attributed by multinationals, against Rs 70,000 crore a year ago
The new penalty regime could create a fresh set of complications for tax payers.
Facing flak over its decision to impose tax at the time of withdrawal on 60 per cent of the contributions to Employees' Provident Fund, the government on Tuesday clarified that only interest accrued on 60 per cent contribution to EPF after April 1, 2016 will be taxed.
The order, which came on Monday, stated that revenue authorities cannot split the agreement when the parties to the agreement considered the royalty and technical knowhow as a single package.
N Sundaresha Subramanian, Karan Choudhury and Shreya Jai report on the sorry condition of homebuyers who invested in Jaypee Infratech and the Amrapali group's Noida-based projects.
The draft report of the committee contains 27 suggestions for amendments under the I-T Act and eight for reform through administrative instructions.
India has a double-taxation avoidance pact with Singapore and more than 85 countries.
Some 8.5 lakh chemists across the nation on Wednesday downed their shutters demanding action from the government against "illegal" online sale of medicines.
Directors that are shareholders will also face more problems.
Experts consider Sebi's takeover code in its present form to be on a par with any foreign code governing public mergers and acquisitions.
The Central Board of Direct Taxes is set to rationalise I-T rules.
Use deductions introduced in the Budget to save additional Rs 24,000 in tax
The e-filing website of the I-T department would now provide a facility to pre-validate bank account details.
Electricity has also been kept out of the GST ambit.
Ministry considering tax sops for India's first global financial centre, steps to liberalise futures and options markets.
According to the draft, in the northeastern states the threshold is at Rs 500,000.
Indians are the biggest non-Arab investors in Dubai's real estate market.
Define ownership proportionately at the time of registration to ensure that you don't face problems on taxation front.
Database to contain taxable financial transactions and history of any tax-paying individual.
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