Any act by a chartered accountant that brings disrepute to the profession, whether or not in the professional domain, is open to disciplinary scrutiny and action.
The rate of tax deduction at source (TDS) has been doubled from the earlier 5 per cent to 10 per cent for these professionals, reports Economic Times.
Dr Samar Sen Popuri from Hyderabad tells Rediff.com's A Ganesh Nadar what he would like to see in Finance Minister Nirmala Sitharaman's Budget.
'What a lovely person he is!'
Finance Minister P T R Palanivel Thiagarajan has proclaimed his determination to set Tamil Nadu's fiscal house in order in five years, and Friday will show how he plans to go about it when he rises to present the Stalin government's maiden budget, says N Sathiya Moorthy.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
'Many of the challenges of investing in commercial real estate get taken care of when an investor takes the Reit route,' points out Suraj Nangia.
Finance Minister Nirmala Sitharaman on Wednesday announced Rs 3 lakh crore collateral free automatic loan for businesses, including MSMEs, to benefit 45 lakh small businesses. Detailing parts of the Rs 20 lakh crore economic stimulus package, she said this loan will have a 4-year tenure and will have 12-month moratorium, she said.
'Our intentions were, and still are, to ensure the entire workforce is given as much protection as possible from redundancy and/or loss of earnings during this unprecedented period'
The time the companies have to get ready for GST is 6 to 12 months.
The minister said any declaration made under the law will be protected
Given the fiercely competitive political environment, observers naturally associated an element of appeasement with the Shinde government's move, Shyam G Menon points out.
Nikunj Saraf, Vice President Choice Wealth, answers your queries.
Vivek Doval had filed a defamation case against Jairam Ramesh and Caravan Magazine for their alleged defamatory statements and articles against him. Additional Chief Metropolitan Magistrate Sachin Gupta heard the matter on Saturday.
Mutual funds are a popular investment tool for investors because it offers a convenient and cost-effective way to invest in the financial markets.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
The scheme is aimed at slashing the salary and pension bills of the three services, which have been increasing rapidly.
Former Andhra Pradesh minister Bhuma Akhila Priya was on Wednesday arrested in connection with the kidnapping of a former badminton player and his two brothers from here over a land dispute, police said.
News of all that's transpired on and off the football field
Normally, most of us have this understanding that whatever HRA amount we receive as part of our salary is the maximum amount that is considered for tax rebate under HRA. This is NOT correct though. Read on to get the details.
People who are close to retirement and don't intend to go back to full-time work again should deploy a part of their VRS money in equities so that it keeps growing at a faster rate.
Had Finance Minister Sitharaman thought a little more about the middle class, disadvantaged sections, and the poor who are struggling, it would have been an inclusive Budget that would have made history, notes Ramesh Menon.
Their scope of work is increasing tremendously.
The government has sacked these officers ranging from the ranks of principal commissioner to assistant commissioner, some of whom were already under suspension.
The perils mentioned here may seem few in number, but each of it encompasses an entire set of dangers posed by the free online tax filing offers.
Finance Minister Arun Jaitley is keen to introduce a fair tax regime.
'Now is the time for India to course correct and for the government also to course correct,' says businessman Mangesh Khatri.
The Income Tax Department invites all artists and designers, both professionals and amateurs, to develop a Mascot to be used in all advertising and communications of the Department.
Keeping patience while making a financial decision is one thing millennials need to learn, says Naval Goel.
The department will get this revenue from under tax deducted at source category as 'payment to contractors in pursuance of any work of contract including supply of labour contract', sub-contract and salaries to various professionals like event managers, anchors, volunteers and other officials.
We must work in the direction of an innovation and technology driven economy which could boost up creation of jobs and open advanced and newer avenues of employment within the country.
While the concerned property may be confiscated, a person indulging in such a transaction is liable to pay a fine up to 25 per cent of fair market value of the property
Images from the Indian Premier League match between Royal Challengers Bangalore and Kolkata Knight Riders, in Abu Dhabi, on Monday.
The issue dates back many years when the actor and others proposed bringing Sony TV channel to India.
Tata Consultancy Services (TCS) on Thursday said it plans to invest more than $100 million in Austin and hire 1,000 new employees across Texas. TCS has expanded its business operations in Austin, Texas with the construction of a new facility, doubling its presence to more than 400 professionals in the city and adding to its over 5,500 employees across the state, TCS said in a statement. The new facility will officially open in late December 2020 and have space for 367 employees, it added.
The real estate sector is a major employment provider and the economy cannot afford its hard landing. Harsh Roongta suggests measures that can revive the under-construction market
Will it benefit you? Or will it lead to an increase in inflation? Bipin Sapra believes it will be some time before GST's benefits reach consumers.
'No Budget has so far has addressed the issue of the government's abysmal productivity of capital spending, improving which will be the big game changer. 'But, the government's tight lock on businesses, banks, education, and even essential services like transportation and large parts of infrastructure and healthcare is destroying capital year after year,' points out Debashis Basu.
The draft report of the committee contains 27 suggestions for amendments under the I-T Act and eight for reform through administrative instructions.
