An Aadhaar card can fast-track the KYC procedure for some instruments.
A simple primer on how much money taxpayers can save under various sections of the Income Tax Act.
Later talking to reporters, Mayor R Venkatachalam said the new simplified system would be a boon to the people, as it worked 24-hours and they can pay taxes sitting in their homes. The corporation has tied up with ICICI Bank for the system and 1.85 per cent service tax would be charged for those paying by credit cards. On tax collection, Venkatachalam said the corporation has collected Rs 105 crore (Rs 1.05 billion), which was about 75 per cent of total taxes.
You don't need to be intimidated by the thought of filing tax returns
Have you planned to file your income tax return? But, did you check Form 26AS before tax filing? If you haven't verified it, you could be looking at trouble
Aim is to boost sales volumes and increase penetration.
FBT was an unpopular tax and withdrawn before the General Elections in 2009
Sahara Chief Subrata Roy, who has been in jail for the last four months, on Thursday pleaded before the Supreme Court to allow him parole for at least 40 days to sell his properties to raise Rs 10,000 crore to get bail and expressed his willingness to dispose of luxury hotels in New York and London.
What is confusing for many investors though is the tax structure on these real estate transactions. Here, we will explore the tax liability on such transactions, also known as capital gain (or loss depending on whether the investor made money on the transaction).
A N Shanbhag, the highly respected investment guru, and his son Sandeep Shanbhag, answer your questions on NRI investment.
A primer on tax you pay on your mutual fund gains
Undisclosed overseas assets such as immovable property, jewellery, shares and art works will be valued at fair market price for the purpose of tax and penalty under the new black money law.
'Who sent Masood Azhar back to Pakistan? Who bowed down to terror and released him? Not the Congress, but it was the BJP government'
Replying to the debate on the Finance Bill in Lok Sabha, the minister said he did not propose any change in the tax rate but only provided few rebates which will boost spending and help the economy.
India has received the fourth set of Swiss bank account details of its nationals and organisations as part of an annual automatic information exchange under which Switzerland has shared particulars of nearly 34 lakh financial accounts with 101 countries.
A husband-wife team with incomes from two separate jobs can take advantage of the tax laws by buying a residence through a home loan.
'For the first month, we have only had 5.5 million who have paid the tax.' '40 per cent have paid nil as tax; 95 per cent of the taxation for the first two months has come from only 400,000 assessees.' 'So even now, the tax-paying habit, of paying a marginal or negligible amount, or not paying anything at all, is quite prevalent,' reveals Finance Minister Arun Jaitley.
Mihir Tanna, Associate Director, S K Patodia & Associates, will answer your personal income tax queries.
Most buyers are forced to back off in the face of delays because of the appreciation of the property.
Section 54 EC, if availed properly can bring several benefits for the taxpayer.
The rental income for a house and the capital gains from the possible sale of a house come under the "income from other sources"
I-T department raises tax demand on them for unpaid tax deducted at source
Info Edge (India) reported a good fourth quarter for the 2022-23 financial year (Q4FY23) given depressed conditions in the Key IT segment. The billing growth of 13.7 per cent year-on-year (YoY) in recruitment was well ahead of market expectations. There was solid growth in realisations (up 5.5 per cent) as well as unique customers (up 7.7 per cent).
Here are some facts about Rishi Sunak and his India connections.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries
Here's a ready reckoner on how to calculate your tax dues so that you can plan your investments accordingly.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
No violation of rules or regulations were found in the transfer of land by businessman Robert Vadra's Skylight Hospitality to realty major DLF, the Haryana government has told the Punjab and Haryana high court in Chandigarh.
Have a query regarding tax planning or tax filing? Maybe we can help. Drop us a line and our expert, Anil Rego of Right Horizons, will answer it. Got a question for Anil Rego? Please write to us at getahead@rediff.co.in with the subject line as 'Tax query'.
The Budget proposal for additional home loan deduction will have little impact on the market.
Tax expert Mahesh Padmanabhan on how employees can use fringe benefits in their salary to help save tax.
It is best to invest long-term surplus in stocks or equity mutual funds.
"Is this a case for NSA?," the bench asked the state's counsel while observing that this is why allegations of political vendetta crops up.
Let us evaluate various possible situations an individual can find himself in and understand what the Income Tax Act permits him to do.
The story of Sahara India Pariwar founder Subrata Roy, who died in Mumbai on November 14 aged 75, is the stuff of movies - of a spectacular rise and an equally spectacular fall. Born in Araria, Bihar, Roy was 30 when he set up Sahara in 1978. He started with a capital of about Rs 2,000, a peon, a clerk and his father's Lambretta scooter in Gorakhpur, eastern Uttar Pradesh, writes Tamal Bandyopadhyay in his 2014 book, Sahara: The Untold Story. Sahara was not his first venture.
Total disputed liability of Mallya with respect to service tax to the tune of Rs 535 cr
Excerpted from Sahara: The Untold Story by Tamal Bandyopadhyay.
Mahesh Padmanabhan of RelaxWithTax has the answers to your tax related queries.
If an assessee misses the December 31 deadline, s/he can file a belated tax return by paying a late filing fee. 'This must be done within three months from the original filing date.'
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