Some experts says that the high net-worth requirement of Rs 50 crore for setting up an IU is a deterrent.
The Central Board of Direct Taxes is set to rationalise I-T rules.
Ministry considering tax sops for India's first global financial centre, steps to liberalise futures and options markets.
Database to contain taxable financial transactions and history of any tax-paying individual.
Penalties for undisclosed foreign income and assets extend up to 300%.
According to the draft, in the northeastern states the threshold is at Rs 500,000.
Indians are the biggest non-Arab investors in Dubai's real estate market.
N Sundaresha Subramanian, Karan Choudhury and Shreya Jai report on the sorry condition of homebuyers who invested in Jaypee Infratech and the Amrapali group's Noida-based projects.
Meeting the disclosure norms isn't very easy.
Many exemptions make little sense, such as a monthly exemption of Rs 100 for college education and Rs 300 for hostel fees.
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