A N Shanbhag, the highly respected investment guru, and his son Sandeep Shanbhag, answer your questions on NRI investment.
The tax department will analyse mismatches in income declarations and spending patterns to trace tax evasions and black money.
The Supreme Court will decide whether a non-resident company is liable to pay advance tax on fee charged by it for providing services in India.
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.
The Non-Resident Indians (NRIs) living in the US, UK, Canada and Singapore can now avail the benefit of a lesser tax deduction on their Non-Resident fixed deposit with ICICI Bank, a top bank official said in Mumbai. The NRO FD Plus offers the benefit of concessional rate of tax deducted at source (TDS) under the Double Taxation Avoidance Agreement (DTAA) of India with these countries, ICICI Bank General Manager and Head NRI Services Manish Mishra said.
A N Shanbhag, the highly respected investment guru, and his son Sandeep Shanbhag, answer your questions on NRI investment.
'The effect will be seen two-three quarters down the line.'
Enforcement Directorate officials, on Thursday, questioned Kerala Cricket Association (KCA) president and BCCI vice-president T C Mathew on the foreign exchange transactions involving KCA and a London-based architect firm.
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.
The PM aso said said it was unfortunate that the UN was still unable to define terrorism.
Do you know what Section 80DDB is and how it can help you save tax? How much tax can you save under this section and how can you avail it?
Official sources say that the finance ministry is aware of the possible spike in smuggling activity and has already asked intelligence agencies to tighten their vigilance and come down on the unofficial entry of gold into India.
Her speech was laced with Hindi, Urdu, Sanskrit and even Tamil verses.
In this conversation with Rediff.com's Sheela Bhatt, former Army Chief V K Singh refutes the allegations made in the Indian Army's Secret Board of Officers Inquiry report, which accuses him of misusing of his position
The actor was not available for comment.
Income tax payers can now file their tax returns more easily, says tax expert Subhash Lakhotia.
The income-tax department has created various functionalities under its Project Insight, which will provide the 360-degree profile of taxpayers, including new and non-filers to gauge their accountability and tax liability. The tax department had on March 15 put out instructions for tax officials for accessing the insight.
It will take over large non-performing assets of banks and help in revive companies ridden with bad debts.
The government said on Wednesday that it has appointed management consultant Ernst & Young and NSE's infotech subsidiary, NSE.IT, as its technology advisors for providing online facilities to all tax payers under the "taxnet" scheme.
Paving the way for a low-cost paperless filing of income tax returns and eliminating Tax Deducted at Source frauds, the government on Wednesday gave the go-ahead for setting up of the Phase-II of the Tax Information Network at a cost of over Rs 100 c
Finance Minister P Chidambaram has decided to impose 20 per cent tax on corporate unit holders of mutual funds.
New ITR form may be simpler, but some changes could stump you.
This taxation applies to all types of transfer of property.
The sops being given to the IT firms in metro cities should be extended to companies in tier 2 and 3 cities as it will generate greater employment opportunities and boost growth, industry body Nasscom has said.
"Income tax revolution is going to take place. There is no limit to reforms in the income tax department and in the country as a whole," Central Board of Direct Taxes member B Swarup said in New Delhi.
Greenpeace on Friday termed as part of "relentless onslaught" by the government cancellation of its FCRA registration that barred the environmental organisation from receiving foreign funds and said those in power cannot "muzzle" dissent in a democracy.
The abolition of wealth tax is again a welcome step.
Road Transport and Highways Minister Nitin Gadkari promised pan-India electronic toll system by December to address their concerns but ruled out complete scrapping of the toll system.
In a statement, the CBDT, which is the apex policy making body for direct tax policies, said it has never asked IRS Association or these officers to prepare such a report and no permission was sought by them before making the report public. 'It is unequivocally stated that CBDT never asked IRS Association or these officers to prepare such a report.
The court while granting bail to the duo also held that it does not find any possibility of the accused persons fleeing from justice and that their custodial interrogation was not required.
With this batch, the department has now issued letters in 210,000 high priority cases.
Government on Monday extended the last date for filing income tax returns for 2002-03 to September 30.
Even after filing your income tax return online, your job won't still be over! Here is a six-point checklist for taxpayers to be observed after e-filing of ITR.
A day after his dramatic announcement to quit, Terry Walsh decided to continue as India's chief hockey coach after the country's top sports officials assured him that his concerns will be addressed in a fresh contract.
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