It is the duty of a tax payer to record all his/her transactions, to explain sources of payments made by him/her and to declare the true income in the returns of income filed every year.
While a little more than 140 penny stocks have doubled in value, 555 have given negative returns in the past year. Of these, 84 shed more than half their value.
The petition was mentioned on Tuesday by Income Tax counsel Beni Chatterjee and Vodafone lawyer Fereshte Sethna before a bench headed by Chief Justice Mohit Shah.
An index P/E of 23 implies that the market is already discounting EPS growth at 20% or more, says Devangshu Datta.
The Income Tax department will hold public meetings every Wednesday to resolve taxpayers grievances and tax issues as part of the 'Good Governance' initiative mooted by Prime Minister Narendra Modi.
The RBI cut rates for third time in 2015 due to favourable economic conditions.
Some 800 million or more Indians gaze at their mobile phones all day. Whoever can crack what's news on the mobile phone for them and their families, for a nominal payment of Rs 10 a month, is a winner, says Ajit Balakrishnan.
Chen scores world record for massive lead over shocked Hanyu
Finance ministry maintains that all KYC requirements will be followed.
Going by the number of changes Mr Jaitley's next Budget is likely to see, he will go down in the history of Budget-making as the finance minister who ushered in the largest number of changes in a single Budget, says A K Bhattacharya.
'It could tempt investors to pick stocks that are not fundamentally sound.'
It hopes to attract billions of dollars in investment by this move, and may ease some restrictions on foreign inflows.
Prior to 2011, the company was in dire straits. But recent financial results show its fortunes are on the mend.
The markets gained nearly 7 per cent in the 4 trading sessions of March.
The festive season starts from August and last till December.
From Sri Lanka's most popular political family to its most despised -- going by the voices on the streets calling for the Rajapaksas' ouster -- what went wrong for the clan? Veteran Sri Lanka watcher N Sathiya Moorthy offers an insight.
If you plan to withdraw money from your corpus regularly to meet expenses, have a portfolio of stable instruments.
Europe's discordant leaders snatched a deal on Monday that might just avert Greece's euro exit, but global investors' faith in the durability of the single currency has been tested yet again.
Benchmark share indices gained for the fifth straight session on Thursday led by index heavyweight Reliance Industries.
Every political party loves to use the bait of loan waiver to woo the electorate. If their hearts bleed for the poor, they can always use the party funds to pay off the lenders, suggests Tamal Bandyopadhyay.
'Some people are natural born healers.' Geetanjali Krishna discovers that degrees don't matter in two tiny UP villages, healing does.
Applying for a home loan may seem scary if you go into the process unprepared, but if you have braced yourself well in advance and follow these steps you will find that getting your home loan application approved is a breeze.
Banks play 'mind games' to woo customers. Big data and 'games' are now the tools of the trade.
Rupee is seen to remain in the range of 67.50-68.80 in the short-term
Private hospitals, especially smaller standalone ones, are staring at a crisis that they were not prepared for. Analysts say larger corporate chains have to brace up for at least six months for business to return to normal.
Assocham has also pitched for revision of the deduction of interest on housing loans to at least Rs 300,000 from the existing Rs 200,000
Parents should secure thier special child's future.
A budget is nothing but a tool to keep your spending under control and ensure that the monthly expenses are lower than your monthly income. Here are some tips on how you can make your budget work
Most insurers aren't comfortable with subscribing to the National Pension System as they see it as competition.
'The rate of interest from the EPF is still attractive compared to the rates on fixed deposits, National Savings Scheme, Public Provident Fund...'
The revived factionalism in the AIADMK, if not curbed now, has the potential to split the party vertically, warns N Sathiya Moorthy.
How do you pick a mutual fund scheme that suits your needs?
Returns for income earned till FY12-13 can be filed till March 31.
'Indians are great savers, but they are lousy investors.'
While there is easy access to money, the flip side is the high interest rate and processing fees, points out Sarbajeet K Sen.
The RBI cited lower-than-expected inflation, weak crude prices and weak demand, as well as the government's commitment to sticking to a fiscal deficit target as reasons.
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.
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Else, more capital outflow and pressure on rupee likely.
Despite no change in interest rates, India's largest lender, State Bank of India, last week became among the latest to lower deposit rates, often a precursor to lower lending rates, something some banks have already done for certain consumer loans.
In a major crackdown on domestic shell companies, the government on Friday decided to take "harsh punitive" action, including freezing of their bank accounts used to launder money or evade taxes.
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