It is strange that the wealthy evade taxes even though the marginal utility of the money saved amounts to little and tax rates in countries, including India, have dropped
Congress spokesman Manish Tewari said the BJP-led government needs to seriously think about the path it wants to take on the issue in the 150th year of Mahatma Gandhi's birthday.
'If this first instalment of advance tax is paid by June 30, instead of June 15, then the interest on delayed payment will be levied at 0.75% per month instead of 1% per month,' notes Homi Mistry, a partner with Deloitte India.
The Union government is keen to ensure financial security for unorganised sector workers
Can't believe you can file your income tax return without Form 16? Read this...
The new office will have its base in the national capital.
The idea is to boost household savings and turn more of them into growth capital. If the plan succeeds, sustained eight per cent-plus rates of gross domestic product growth should be within reach in a few years.
The best investment schemes fail if they don't offer incentives to intermediaries to push investors.
Home buying can be seamless if you plan and execute your ideas well.
Salaried employees get several benefits under Sections 80C, 80D, 80G and others.
The announcement of the formation of the BRICS bank will have as much an impact about how the non-G7 countries manage their economies and their foreign reserves, as it does on the intellectual discourse. The development priorities and agenda which was hitherto set by western experts responding mostly to western priorities and notions will now have to compete with an intellectual tradition that is and can be very different, says Mohan Guruswamy.
A six-point comparison by Anil Chopra, Group CEO & Director, Bajaj Capital
'We have the political will to take this to the very end.' 'But what eventually happens depends on the effectiveness, honesty and missionary zeal of the officialdom in the frontline of the battle against corruption,' says S Muralidharan.
Tax Guru Anil Rego answers your personal income tax queries.
'We feel there is definitely something murky in the system.' 'Will anyone believe that Nirav Modi will go to a branch and bribe a low-level officer?' 'Just look at the people with whom he had moved around.'
As many as 75 million households that do not have access to banking services will be covered and at least one bank account opened for each household, against the earlier proposal of two.
Incomes such as dividend, interest on tax-free bonds, eligible gifts, etc should also be reported even though they are tax exempt, suggests Sanjay Kumar Singh.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
Shikha Verma offers invaluable money management insights
Start 2017 with these five simple financial resolutions and you will put your family on solid ground financially, says D P Singh, executive director and chief marketing officer, SBI Mutual Fund.
Merely choosing investment products in accordance with your risk profile is not enough. Consider all your requirements before deciding where to put your money
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
'There is no difference between the earlier government and the present government.' 'They are all following the economic policy based on the Chicago School of thought.' 'This school of thought says the government should have very little role in governing the country and the majority of the work should be handed over to the private sector.' 'This has not succeeded in the US.' 'Yet, it is being tried here by people like Arvind Subramaniam, Arvind Panagariya, Urjit Patel and Raghuram Rajan.'
Here's a quick checklist so that you make a wise decision
Pawan Kumar, organising secretary of the Bharatiya Mazdoor Sangh (BMS) affiliated to the Rashtriya Swayamsevak Sangh (RSS), tells Aditi Phadnis it will join forces with other trade unions if necessary to oppose the Employees' Provident Fund Organisation (EPFO) provisions in the Union Budget.
'The situation is quite terrifying as you have no job creation and there will be loss of jobs.'
Against a turbulent and uncertain background, Budget 2017-18 hewed a steady, forward-looking course, says Shankar Acharya, former chief economic adviser to the government.
Government's financial inclusion mission is well intentioned, but it may be putting a severe strain on the banking sector.
You don't need to be intimidated by the thought of filing tax returns
Little attention is paid to the management of currencies and coins in India.
(Because things will only get more expensive from this point onwards)
'The cash part is the lower hanging fruit compared to the other sources.' 'To attack the cash part of black money, I can't think of anything else but demonetisation.'
Equity debt, gold - these all are terms you may have heard of when reading on funds but not quite sure where to start with or which one most suits your needs.
Getting US citizenship will in no way affect your right of being able to own or hold the agricultural land in India.
Sandeep Shanbhag, a chartered accountant and director of Wonderland Consultants, a tax and financial advisory firm, discussed the impact of Budget proposals in a chat with Rediff.com's readers.
Govt must introduce automated investment scheme for poor.
Smart investors fine tune their investments as per the Budget announcements to make the best possible use of tax deductions and other sops.
'People are angry.' 'First notebandi, then GST, now losses on the farm have ruined us.'
To make money, invest in both good and bad times; otherwise the entire exercise is futile, experts tell Joydeep Ghosh & Sanjay Singh
