The Income-Tax (I-T) Department nowadays provides pre-filled forms to make the filing of income-tax return (ITR) easier. Nonetheless, you must have a number of documents handy at the time of filing return so that you can cross-check the data in the pre-filled form. "Filing ITR doesn't require you to upload any document. But in case an assessing officer makes an inquiry, you will need to present documents and certificates as proof," says Deepak Jain, chief executive, TaxManager.in.
The income-tax department may make a permanent account number (PAN) mandatory for cryptocurrency investors, in line with the demat account rules for stock market transactions, according to two people privy to the discussion. At present, disclosure of crypto holdings and related gains is voluntary. If tax authorities go ahead with the PAN mandate, crypto exchanges will have to furnish a statement of financial transactions (SFT) before the income-tax department.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
The two IT majors -- Infosys and TCS -- delivered disappointing results for the fourth quarter of the 2022-23 financial year (Q4FY23). Poor macro conditions and weak sentiment in the banking, financial services and insurance (BFSI) space accounted for the miss. For TCS, revenue in constant currency (CC) terms grew at 0.6 per cent on a quarter-on-quarter (QoQ) basis. Weakness was visible in North America, primarily due to deferred discretionary spending.
Insurance behemoth LIC on Tuesday said it has garnered a little over Rs 5,627 crore from anchor investors led primarily by domestic institutions ahead of its mega initial public offering (IPO). Anchor Investors' (AIs) portion (5,92,96,853 equity shares) was subscribed at Rs 949 per equity share, the insurer said in an early morning filing to exchanges. Out of the allocation of about 5.9 crore shares to AIs, 4.2 crore shares (71.12 per cent) were allocated to 15 domestic mutual funds through 99 schemes, the filing said.
Mihir Tanna, Associate Director, S K Patodia & Associates, will answer your personal income tax queries.
The PMO directed the ministry of civil aviation and the Air India to find early resolution to stalemate. Besides, the PMO told the civil aviation ministry that a lockout is not an option to resolve the issue.
'Very few of small investors stay invested for those three or four or five years.' 'If there's like a six month, one-year period when market is not doing well, you exit.' 'After the market has run up, you get in again.' 'This way you will never make returns.'
'India has the potential to do a lot more to take advantage of the time today where we stand to gain, geopolitically and in terms of market attractiveness.'
The National Stock Exchange (NSE), which is once again in the eye of a storm due to the co-location scandal, has said it has taken several transformational steps in the past few years on the regulatory, technological, and surveillance fronts to help improve stakeholder experience and to protect investors. Senior officials of the exchange briefed the media over the steps the exchange has taken on various fronts following changes at the helm with former managing director and chief executive officer Chitra Ramkrishna's ouster in December 2016. "Over the last few years, we have been looking to modernise and transform the entire value chain of technology.
Mihir Tanna, Associate Director, S K Patodia & Associates, answers your tax queries.
The government is expected to defer the mega initial public offering (IPO) of LIC to the next financial year as the ongoing Russia-Ukraine war has dampened fund managers' interest in the public issue, market experts said on Sunday. The government was looking to sell 5 per cent stake in Life Insurance Corporation (LIC) this month, which could have fetched over Rs 60,000 crore to the exchequer. The IPO would have helped meet the curtailed divestment target of Rs 78,000 crore this fiscal.
... As the world swings from 'financialisation' to 'artificial intelligence', asks Ajit Balakrishnan.
Mihir Tanna, Associate Director, S K Patodia & Associates, answers your income tax queries.
From omnichannel to AI and 3D technology, the fashion industry is in the middle of a digital revolution.
The seven Indian-Americans are cybersecurity firm ZScaler CEO Jay Chaudhry, founder and chairman of Symphony Technology Group Romesh Wadhwani, cofounder and CEO of online home goods retailer Wayfair Niraj Shah, Silicon Valley venture capital firm Khosla Ventures founder Vinod Khosla, managing partner of Sherpalo Ventures Kavitark Ram Shriram, Airline veteran Rakesh Gangwal and Workday CEO and co-founder Aneel Bhusri.
Nikunj Saraf, Vice President Choice Wealth, will answers your queries.
The Centre on Wednesday said Avian Influenza, or the bird flu outbreak, has been reported at 12 epicentres in four states -- Kerala, Rajasthan, Madhya Pradesh and Himachal Pradesh -- and advisories have been issued to contain further spread of the infection in poultry ducks, crows and migratory birds.
From crisis leaders to future Goliaths, India Inc saw them all in 2017, says Shailesh Dobhal.
Indian firms selling SAAS products have got a bonanza as companies meet, manage and sell remotely. The top five firms - Zoho, Freshworks HighRadius, Druva, and Icertis - account for 33 per cent of the market share. Chennai, India's SAAS centre, alone generates $1 billion in annual revenue. Yuvraj Malik explains how these companies are planning their next phase of growth.
India's IT/BPO story isn't over yet, believes Ganesh Natarajan.
India's IT/BPO story isn't over yet, believes Ganesh Natarajan.
Prime Minister Manmohan Singh on Friday vowed to dispel the air of despondency and cynicism in the year gone by and make a new beginning in the New Year with course correction and cleansing of the governing processes.
The thrust, they feel, remains on design thinking, AI and digital besides enhanced focus on investing in selling and marketing efforts, expanding local talent base and re-skilling staff
Though the Honor 10 lacks an optimised notch screen and stereo speakers, its sleek look and fast performance make it a winner in the mid-range flagship segment, says Khalid Anzar.
The BSE Midcap and Smallcap indices have performed better than the front-liners
"The Board in its meeting... has considered, approved and recommended a bonus issue of one equity share for every equity share held and a stock dividend of one American Depositary Share (ADS) for every ADS held, as on a record date to be determined," the company said in the regulatory filing.
The Nubia Red Magic 3S is delightfully designed and immensely powerful, says Veer Arjun Singh.
After the transaction with Temasek, Singtel will hold 47.39 per cent in Bharti Telecom.
Ratan Tata invested about $299,000 during the first six months of 2016.
The fund industry may have embraced machines and robots, but managing money still needs the human touch
Niraj Bhatt discovers how a CFO 'without a finance background' made it to the corner office at TCS.
With a debt of several thousand crore rupees, there's no chance the government can attract any buyer unless it cleans up the balance sheet, says Anjuli Bhargava.
NPS still has critics despite being in business for a decade and mopping Rs 24,000 crore as of 2013-14.
Japanese cuisine gets a vegetarian twist in India.
Indian IT giants are outstanding companies with great management teams, but they have been held hostage by their past success.
Infosys is steadily trying to get back its lost ground under Sikka.
Many small-scale start-ups are operational in this space for some years now. Larger players, too, seem to have realised the potential and are now entering into the fray, mostly through acquisitions.
The biggest challenge is not the airline's debt, but downsizing its 16,800 employees, says Surajeet Dasgupta.
Future Group aims to increase customer spends - average of Rs 20,000 over 10 visits at its stores in a year
