Returns for income earned till FY12-13 can be filed till March 31.
The coming Union Budget might give relief to foreign portfolio investors from taxation on indirect transfers.
'There are unscrupulous traders who create fake invoices by showing bogus e-way bills, movement of goods.' 'Since the entities registered across different states, and kept on changing their numbers, tracing them was difficult.'
Of the 700-odd Indians having foreign bank accounts, not all can be deemed to be operating these illegally.
An expert committee appointed by the Supreme Court said it cannot conclude any regulatory failure around Adani Group's stock rallies, and that Securities and Exchange Board of India (SEBI) has 'drawn a blank' in its probe into alleged violations in money flows from offshore entities into the conglomerate.
An expert committee appointed by the Supreme Court said it cannot conclude any regulatory failure around Adani Group's stock rallies, and that Sebi has "drawn a blank" in its probe into alleged violations in money flows from offshore entities into the conglomerate. But the six-member panel said there was an evidence of a build-up in short positions on Adani Group stocks ahead of the report of US-based short seller Hindenburg Research, and profiting from squaring off positions after prices crashed post-publication of the damning allegations. "At this stage, taking into account the explanations provided by Sebi, supported by empirical data, prima facie, it would not be possible for the committee to conclude that there has been a regulatory failure around the allegation of price manipulation," the panel said in the report submitted to the Supreme Court.
TMFs invest in a public index, so investors know beforehand which instruments the fund will invest in.
Companies are worried that any staggered roll-out of GST could result in cash flow issues with businesses not able claim tax credit due to breakage in the chain
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?
'Though I welcome the reduction of tax rates for corporates, I wonder why the benefits have been restricted to corporates and not to other business entities such as limited liability partnerships and partnership firms. This needs consideration', says Dinesh Kanabar.
N J Yasaswy suggests two approaches to profit from this tax haven and how to spread the joy of tax-free gains to your entire family.
Can money used for buying mediclaim be used to claim deduction under Section 80D. If yes, then what is the maximum amount you can claim for this deduction?
Get Ahead tax expert Mahesh Padmanabhan, in a chat with readers, told them how they can save taxes apart from availing of limit set under Section 80C.
Those who have crossed 50 must show the greatest urgency. They need to achieve a corpus that can sustain them and their spouses for at least 25-30 years after retirement.
Tax payers need not dread filing returns as the process can be simplified.
The next Budget is likely to see significant changes in the duty structure for the gems and jewellery sector
In a video that surfaced online, senior priest Santosh Trivedi alleged that the temple's sanctum sanctorum has been covered with brass plates in the name of gold plating, claiming it is a 'Rs 125 crore scam'.
Income tax expert Mahesh Padmanabhan says you will have to pay a fine of Rs 5,000 if you miss your deadline for filing tax returns. But then, what is the actual deadline for filing returns?
It is just a question of providing an additional facility to the taxpayer that if he is not quoting PAN and only has Aadhaar, his filing and processes do not get affected, said CBDT chief.
Investors need to evaluate how they stack up against other high credit quality fixed-income options before putting money in them.
If you are making any drastic changes, make sure there is adequate documentation
Can students who earn and learn claim tax exemption on tuition fees? In a chat with Get Ahead readers tax expert Mahesh Padmanabhan answered this and other tax-related queries.
FM is likely to raise tax slabs.
Cigarette companies have substantial wriggle room thanks to India's complex tax structure, which categorises them by length and filter
With filing possible only online, there is no scope for any error.
While the government has not made the report public, sources said the panel had recommended a sharp cut in all taxes on the gold business, including import duty and goods and services tax which amounts to over 13%.
Rebalance your portfolio in case it has become overweight on equities vis-a-vis your strategic asset allocation.
On the macro front, market participants will closely watch the FY'15 fiscal deficit target
Budget 2016 may hold some answers to start-up cooncerns.
You don't need to be intimidated by the thought of filing tax returns
'This government has always been fiscally conservative. It never resorted to fiscal profligacy.'
Fresh PoEM guidelines will affect pharma, energy, automobiles, manufacturing and software companies.
Experts share their views on the steps that will help businesses become GST-ready.
Ask your bank to save for you. Plan your taxes. Reward yourself for your addictions... Chartered accountant Shreya Jaiswal's 10 ways to make more money this year.
This taxation applies to all types of transfer of property.
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