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.
Database to contain taxable financial transactions and history of any tax-paying individual.
Penalties for undisclosed foreign income and assets extend up to 300%.
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.
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It depends on the assessing officer's interpretation. To be on the safe side, have a separate trading account.
Meeting the disclosure norms isn't very easy.
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