Within the next two years, verification and scrutiny of returns will happen electronically through anonymised back offices manned by tax experts and officials. It will function without any personal interface between taxpayers and tax officers. Both the taxpayer and the tax officer will not know each other -- who is scrutinising whose return, and at which place, points out Kuldip Kumar, partner and leader personal tax, PwC.
Scores of Sikh protesters led by the Shiromani Akali Dal and the Delhi Sikh Gurudwara Management Committee on Monday held a protest outside Rahul Gandhi's residence, demanding revelation of names of Congressmen who were allegedly involved in the 1984 anti-Sikh riots.
Thanks to Budget 2018, seniors can invest more and also save more.
'Journalists and intelligence officials do a similar job -- collect information.' Three former RAW officials tell Vicky Nanjappa/Rediff.com that they see nothing wrong in Ved Prakash Vaidik meeting Lashkar-e-Tayiba terrorist Muhammad Saeed.
The Pakistan maritime security agency apprehended 12 Indian fishermen and seized their two boats near the international maritime boundary on Sunday, a Porbandar-based non-government organisation claimed.
Earlier, the Allahabad HC rapped the Uttar Pradesh government saying the law and order machinery and officials were directly under the MLA's influence.
Besides the thrill of changing cars quite often, a higher tax deduction is available, experts tell Tinesh Bhasin
Indian Premier League's youngest player Sarfaraz Khan, who hit a blistering 21-ball unbeaten 45 against Rajasthan Royals in his side Royal Challenger Bangalore's, has set his sight on representing the country in the Under-19 World Cup in Bangladesh next year.
Moni Chadha was with Lal Bahadur Shastri in Tashkent. He counters colourful conspiracy theories with sobering facts.
'Housewives depositing cash up to a limit of Rs 250,000 need not worry.' 'It is understood that in India housewives save money which they get from their husbands for household expenses.' 'The intent of the government is not to question them.'
It is curtains down for Maharashtra and Haryana assembly polls. Here's a look at political biggies, who made it and who didn't.
You can carry forward losses and revise the returns umpteen times in case of mistakes.
If losses from F&O, intra-day trades are below Rs 20,000-30,000, it's best not to claim them and opt for ITR-2.
'The fact that you did not receive the rent through a bank will not take away the taxability of the rent in your hands.'
Revised tax forms will be simple; stress on foreign travel and assets has been reduced
Some of the disclosures in the ITR form, under review at present, increases procedural hassles for expats
'The conception of Make-in-India, Skill India, Smart Cities, Digital India, Beti Bachao, Beti Padao and so on show a visionary breadth of mind, and Modi is almost the first political leader in India to put them into effect with single-minded zeal,' notes B S Raghavan, the former civil servant.
Jaitley has announced increasing the super-rich surcharge to 12%.
Apprehending that some of its MLAs may not toe the party line, especially as BJP-backed Chandra had claimed support of at least two INLD MLAs, a dozen-odd legislators of the party were on Monday sent off to the hill station in Uttarakhand.
His native village in Haryana was flocked by political leaders including Rahul Gandhi and Arvind Kejriwal.
Modi accused the Congress of criticising EVMs and the functioning of the Election Commission after they were reduced to 44 seats from 400 in Lok Sabha. "They did not question the EVMs after the recent Karnataka elections," he added.
Prepare your replies with expert help, if necessary. Keep relevant documents ready to support your replies.
President Pranab Mukherjee and Prime Minister Manmohan Singh on Thursday paid rich tributes to renowned author and journalist Khushwant Singh, describing him as a "fearless intellectual" and a "gifted author".
A salaried individual needs to file returns as a business owner if s/he has a high turnover while trading in stocks or futures & options, reveals Tinesh Bhasin.
Ajit Mishra, Vice President, Research, Religare Broking, answers readers' queries on stocks they own or want to buy.
The new penalty regime could create a fresh set of complications for tax payers.
New ITR form may be simpler, but some changes could stump you.
In a midnight operation in the high seas, a Pakistani fishing boat said to be carrying explosives was intercepted by the Indian Coast Guard off the coast of Gujarat, but the vessel exploded and caught fire before sinking along with 4 occupants.
He also made it clear that judiciary cannot depend on executive in choosing judges.
An estimated 30,000 people along coastal areas will be moved to safer places in Kutch district of Gujarat from Wednesday as the very severe cyclonic storm Nilofar hurtles towards the state and slams it by November 1 afternoon.
Amandeep Singh Dhami, 28, a fugitive wanted by Federal Bureau of Investigation in Sacramento, California for a shooting incident in 2008 was arrested in Jalandhar, said FBI spokesperson on Tuesday.
If you were deputed abroad, filing income tax can be tricky.
Cooperative societies get more tax benefits as compared to individual house owners.
The proposed ban on cash transactions above Rs 3 lakh may hit luxury goods, jewellery sales and real estate.
'People want to blacken my face for showing "leaders in a bad light".' 'People want to show loyalty to the party.' 'There's no end to it.' 'How many people should I show the film to?' 'Where do we draw the line?'
Delhi's air is a desperate problem, but some of the solutions have been too desperate and unthinking.
The Unnao police booked Sengar under various sections of the IPC and provisions of the POCSO Act, but said the CBI will take a decision about his arrest.
Any settlement with Pakistan won't last unless it comes with big power guarantees, says Shekhar Gupta.
T C A Srinivasa-Raghavan on what's so fascinating about politics that books by journalists about it sell so well.
FM proposed rationalisation of various tax exemptions.
