Clarity on the roadmap necessary to assess its likely impact on near-term fiscal health and investment.
There are tell-tale signs of a slide in the quality of Budgets presented by the current administration, says Parthasarathi Shome.
The SIT found and reported that there was no amount shown in almost 289 HSBC Geneva entries, while 122 of them were repeated twice in the same list.
Jaitley said, "I welcome this investigation. I think it is a healthy step that these kind of exposes are being made. I have been repeatedly saying that the world is now going to increasingly become more transparent, countries are cooperating with each other and slowly all this information is going to come out as a result of various global initiatives which have been launched."
Any company resident in a country has to pay both indirect taxes as well as Income Tax.
At ATMs, as a step to avoid getting Rs 2,000 notes, people are withdrawing Rs 1,900 in Rs 100 notes and then putting another request for the balance Rs 600, so that they remain within the limit of Rs 2,500 per day of withdrawal.
A new CBDT directive actively makes India-dedicated funds comparatively unattractive for institutional investors. It makes no sense, says Akash Prakash.
Not declaring the black money under the scheme now, but showing it as income in the tax return form would lead to a total levy of 77.25 per cent in taxes and penalty. In case the disclosure is not made either using the scheme or in return, a further 10 per cent penalty on tax will be levied followed by prosecution.
The Central Board of Direct Taxes is set to rationalise I-T rules.
Clarifies 'profit-split' will not be only method to compute tax
SIT on black money on Monday decided to widen its probe as new names of Indians with Swiss bank accounts have come up
I-T lens on current account deposits over Rs 12.5 lakh. All the news and more post demonetisation.
To begin, the Budget has no doubt attempted to address uncertainty.
In a Q&A with Doordarshan, Jaitley discusses how he chose the areas on which he would spend more.
The forthcoming budget is an excellent opportunity for the Government to fulfill its promise of high economic growth.
Indian economy about to take-off
