'The new Bill introduces no policy or rate changes, leaving financial planning strategies largely unaffected.'
'The considerations for choosing between the old and new tax regimes remain essentially unchanged.'
'The incentives to switch to the new tax regime... are viewed as a negative due to potential loss of customers who buy policies for saving tax.' 'The tax-saving value proposition for the sector reduces.'
The Indian Merchants Chamber and Bombay Chartered Accountants Society has made an appeal to finance minister P Chidambaram to simplify the process of filing income tax returns by restoring the Saral forms.
Those running from pillar to post to get their Income Tax refund dues can seek solace in Right to Information Act, which is fast becoming a potent tool to get refund faster.
Wipro founder-chairman Azim Premji believes the Indian IT industry revenues will grow in double digits in the current financial year. Throughout the pandemic, which saw lockdown measures to curtail the spread of the virus, the information technology industry has kept the world running and has also adapted to the changes, Premji said, speaking at an event of the Bombay Chartered Accountants' Society on Tuesday evening. As per Nasscom, the IT industry revenues stood at $194 billion in FY21. The lobby group has ceased giving estimates of the topline growth a few years ago.
You need not worry even if there is a mismatch between your income and deduction in Form 16/16A and Form 26AS, says Ashley Coutinho
One should appreciate the sagacity and audacity of JRD and Nani Palkhivala in founding TCS on April 1, 1968. At that time there was no Microsoft or Intel, SAP or Accenture, much less Google.
They needed a person who could build and execute their vision: A frontiersman; a problem solver and an institution builder. It was their and India's good fortune that Faqir Chand Kohli more than measured up to their requirements and indeed laid the foundation to take TCS to unimaginable heights and to the giant success that it is today. Shivanand Kanavi salutes the incomparable F C Kohli, who passed into the ages last week.
Annabel Mehta, Sachin Tendulkar's mother-in-law, has dedicated her life to working with the Beautiful People of the other half of Mumbai without whom the city would neither exist nor thrive. Vaihayasi Pande Daniel met the amazing lady who was awarded the Member of the Order of the British Empire for her service to underprivileged communities.
Memon, 53, was found guilty of conspiracy in 2007 for the serial blasts that killed over 250 people.
What happened to us should not happen to anyone else in future. A strong message has to be sent by our judicial system that such acts will not be dealt with lightly," said one of the victim's father.
From farmers to cement, steel, logistics, transportation and automobiles, the back-end is struggling to get going due to the liquidity crisis.
Back in 2007, Rediff.com's Sheela Bhatt had profiled Yakub after he was sentenced to death by the Terrorist and Disruptive Actives (Prevention) Act court for criminal conspiracy and financing air tickets to send co-conspirators for arms and RDX training to Pakistan.
Back in 2007, Rediff.com's Sheela Bhatt had profiled Yakub after he was sentenced to death by the Terrorist and Disruptive Actives (Prevention) Act court for criminal conspiracy and financing air tickets to send co-conspirators for arms and RDX training to Pakistan.
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