A whirlwind trip of the dark underbelly of global finance, covering everything from tax law changes to aiding criminals to decamp with money from bank accounts.
These conditions are implementation of the 'One Nation, One Ration Card' scheme, ease of doing business, power sector reforms, and urban local body reforms.
Faced with mounting losses and unsold inventory, struggling smartphone maker BlackBerry has sold its US office in Texas to Brookfield Property Group as it seeks to rationalise costs.
'Historically, equities have consistently outperformed debt, gold, property, and other assets over a reasonable period.'
The minister also announced that the low-cost housing (property up to Rs 20 lakh) segment would be exempted from service tax.
Employees who benefit from rent-free accommodation should pay heed to these new regulations, especially if they are in the higher salary brackets.
When Rajiv Chawla bought his flat at Worli's Campa Cola compound 23 years ago, he didn't know it was illegal.
Besides selling movable and immovable assets to make recoveries, taxmen filed prosecution cases against those not paying the demand.
Section 54 provides a tax-free method to convert unaccounted money into accounted money, says Harsh Roongta.
If the property is inherited from one generation to another, the person who inherits it cannot pass it on as s/he wishes, points out Rajesh Narain Gupta, managing partner, SNG & Partners.
With digital technology, the I-T department's ability to catch tax evaders has increased many times.
Mihir Tanna, Associate Director, S K Patodia & Associates, answers your tax queries.
Within five days of the budget, the RBI brought in housing loans below Rs 50 lakh under priority sector lending.
An excerpt from 'Money Smart: The Indian Woman's Guide To Managing Wealth' by Reenita Malhotra Hora and Divya Vij that reveals various options to help you save tax as well as invest for creating long-term wealth.
Investments in real estate have just got a bit costlier. Since April 2010, an additional amount in the form of service tax is being collected from buyers, on under construction properties. So what is this service tax and who is deemed to pay it?
With filing possible only online, there is no scope for any error.
Mihir Tanna, Associate Director, S K Patodia & Associates, answers your personal income tax queries.
With a stable government at the Centre and the a renewed sense of confidence among the industry, there is expectation that there will be more demand for office space.
The government on Thursday clarified that black money declarants using the one-time compliance window cannot pay tax and penalty from undisclosed income to bring down their liability.
As under-construction properties turn riskier, due to slowing sales, a buyer needs to protect his interest in the property.
A 'will' unlocks many exclusive tax advantages which are otherwise not available to taxpayers. Here are five important ways in which a will can save you tax. . .
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To get what it thinks are its dues, its brass have directed; construction, realty, renting of property, personnel supply, security & goods transport among those under lens
To give impetus to the real estate sector, Goyal proposed to extend the period of exemption from levy of tax on notional rent on unsold inventories from one year to two years.
Investments and expenses under section 80 C allows various tax benefits, says Harjot Singh Narula
In the five years in politics Priyanka Gandhi has undeniably emerged as a thorn in the BJP flesh, notes Nilanjan Mukhopadhyay. It is time that this thorn is twisted a wee bit more when the elections have become far more uncertain than what it was when the Election Commission announced the poll schedule.
According to the Income Tax Act, certain transfers can be considered void without a tax-clearance certificate (Section 281B).
When errors crop up due to lack of awareness you could end up evading tax unknowingly. That could turn out to be a costly mistake somewhere down the road. So be wise, get your tax facts right. Here is a quick sample checklist for you.
UK fashion retailer Superdry on Wednesday said it will sell its intellectual property assets in South Asia to Reliance Retail for 40 million pounds (Rs 402 crore) through a joint venture. Superdry, whose fashion line mostly includes sweatshirts, hoodies and jackets, will own 24 per cent of the joint venture while Reliance Retail, India's largest retailer, will have the remaining 76 per cent. Under the agreement, Superdry's brand IP assets in South Asia will be permanently transferred to the new JV entity.
In a recent note, the global brokerage firm said India now commands a weight of 19 per cent in the above-mentioned portfolio as compared to 18.2 per cent in September 2023. India, it said, is a large liquid market and remains a counter-weight to North Asia if a slowdown in the West occurs and China's recovery disappoints.
The Democratic Front, in its manifesto, also sought to tap rural voters by promising at least 200 days of job under the National Rural Employment Guarantee Act.
The International Financial Services Centres Authority (IFSCA) has proposed key exemptions to the current listing framework and measures for setting up holding companies (holdcos) and special purpose acquisition companies (SPACs) to encourage domestic startups list at GIFT City, the country's only international financial services centre (IFSC). Under the current framework, to be eligible to list on IFSC exchanges, an issuing company should have operating revenue of at least $20 million in the preceding financial year and average pre-tax profits of at least $1 million during the preceding three financial years. An expert committee has noted these conditions have acted as hurdles to listing new-age companies, and they need a relook.
Can't believe you can file your income tax return without Form 16? Read this...
Construction costs would be reduced to some extent and this benefit can be passed on to the customers, thereby spurring home buying
The investigation wing of the Income Tax department on Tuesday conducted searches at about 20 premises of the Yash Birla group in Mumbai and New Delhi for alleged tax evasion.
The Central Board of Excise and Customs (CBEC) have tightened noose on commercial renting of immovable property and telephone companies by receiving information through other sources to detect any possible evasion of service tax.
You can carry forward losses and revise the returns umpteen times in case of mistakes.
Those evading taxes could soon find tax officials at their doorstep, with a rather insightful account of their big purchases.
Such investments come with their own share of risks and buyers may need to hold on for at least 5 to 10 years.
To decide whether capital gains on surrender of call options are taxable
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