In a statement, the CBDT, which is the apex policy making body for direct tax policies, said it has never asked IRS Association or these officers to prepare such a report and no permission was sought by them before making the report public. 'It is unequivocally stated that CBDT never asked IRS Association or these officers to prepare such a report.
For FY16, MTNL's standalone net loss was over Rs 2,000 crore.
'He is not looking at the interest of farmers. He only wants to do the politics of elections.' 'This Budget is for the new super India. It is exploiting the villages of Bharat.'
Indian economy about to take-off
He also emphasised on the need for saving water and planting trees to preserve the environment.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
'EPFO's investments this financial year should be Rs 1 lakh crore'
Air India must tighten costs to comes out of the red or it wil perish in no time, says experts.
Trade unions reiterate the call for countrywide general strike on September 2 against the "anti-worker and anti-people policies" of the government.
Finance Minister Arun Jaitley on Monday presented the Union Budget for 2016-17.
Rajiv Chandrashekhar, Rajya Sabha MP, explains that the argument that other government servants are eligible for OROP is incorrect and the comparison is laughable.
In last few years, a number of global players have exited the Indian mutual fund business.
In Madhya Pradesh, the C-Voter poll projections gave the BJP 107 seats with a vote share of 41.5 per cent, against Congress' vote share of 42.3 per cent and a simple majority of 116 seats.
Why did such a 'socially conscientious' people adapt to cash-for-votes and the like, as fish to water? N Sathiya Moorthy offers an explanation.
Enthused over Congress' victory in three out of four Assembly seats in Rajasthan, state party president Sachin Pilot on Tuesday said people have rejected the ruling Bharatiya Janata Party for brutal "misuse" of power.
Many exemptions make little sense, such as a monthly exemption of Rs 100 for college education and Rs 300 for hostel fees.
Mohandas Pai took part in an hour-long chat on rediff.com
Experts have started giving comments on provisions that the govt must make in Budget 2016-17.
GST will make it easier for governments to spend more, says T C A Srinivasa Raghavan.
The decline is attributed to lower salary growth and a rise in households' financial liabilities.
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.
'There is no question of diverting funds. This government is pro-poor, pro-worker and pro-progressive.'
In the absence of the over-arching 'Jaya charisma', EPS has to convince the AIADMK's traditional constituencies, including those in his western districts, that his leadership would stand up against the BJP-led Centre even in a post-poll scenario, a la Jayalalithaa, and would not yield as much as party founder MGR had done, says N Sathiya Moorthy.
When the Centre collects money through cess, it can retain the entire fund for the particular scheme.
There are a couple of proposals, however, whose goals are not easily achievable.
'We need to take steps towards ease of doing business.'
Smart investors fine tune their investments as per the Budget announcements to make the best possible use of tax deductions and other sops.
Taxpayers can claim a deduction on tuition fees for a maximum of two children.
Room for rise of up to 2 percentage points, move to help meet higher expenditure need in FY17
The second fortnight of September saw Rs 3 lakh crore of time deposits, something unique, followed by liquidation of Rs 1.2 lakh crpre of these right after.
The roots of the cancellation of 2G telecom spectrum licences and coal blocks lie in two non-profit organisations - Common Cause and CPIL.
'The Opposition has no option but to make it an 'All versus One' fight to even think about winning.'
Individuals often postpone tax planning till the end of the financial year. As the deadline for showing proof of investments draws near, they invest randomly in any product that will help them save tax for that year. Later, they realise that it is not suited for them, so they abandon it. Tax planning should not be a standalone, one-off activity, but should be in sync with your overall financial plan, says Sanjay Kumar Singh.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, will answer your queries.
India's state banks are under pressure to improve profitability.
'People do not want a 'maha milavat' (highly adulterated) government of those who assembled in Kolkata.'
She needs to find innovative ways to at least match the growth during Gehlot's rule.
If banks won't lend, seek a loan from fintech lenders or P2P platforms to help you get out of a debt trap.
