New ITR forms indirectly force small businesses to maintain books of accounts, something that wasn't needed earlier, says Anupam Jain.
Penalties for undisclosed foreign income and assets extend up to 300%.
Some experts says that the high net-worth requirement of Rs 50 crore for setting up an IU is a deterrent.
Under the Companies Act, all the rights of at least 300,000 disqualified directors cease to have any validity.
Many exemptions make little sense, such as a monthly exemption of Rs 100 for college education and Rs 300 for hostel fees.
If the spouse is the guarantor of husband's business loans, banks can hold her liable for default. Here are ways to ring-fence her assets.
With big data analyses, your investments, spends and big purchases are being tracked more closely now by the income tax department.
Prepare your replies with expert help, if necessary. Keep relevant documents ready to support your replies.
Manik Nangia, Director and Chief Digital Officer, Max Life Insurance emphasises the importance of child insurance plan.
The Centre is against giving any shock in the first year of the rollout by bringing in new services.
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.
There may be shortage of drugs till pharmaceutical companies supply new batches with revised MRPs.
Private equity players believe it to be lucrative to invest in designer labels.
Meeting the disclosure norms isn't very easy.
Sources estimate there could be about 60 applications at the department of industrial policy and promotion for up to 49 per cent foreign direct investment in single-brand retail.
The development is expected to pave way for greater transfer pricing cooperation between the two countries, enhance investment flow
Since debuting in India in October 2012, the company has opened 15 Starbucks stores across Mumbai and Delhi.
Cooperative societies get more tax benefits as compared to individual house owners.
The government can seek details from sellers such as sources of funds while buying.
Very few things can faze Madhukar V Kulkarni, a cop of 30 years. Yet, an innocuous smartphone scares him. For those like him in Maharashtra's cities, tech classes have stepped in to teach them how to embrace Skype & WhatsApp. Ranjita Ganesan reports.
Importers protest as food safety regulator demands adherence to recent law on labelling, blocks entry at ports for packs with stickers.
The chain readies to expand its footprint as Bharti focuses on its retail venture.
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