The move aims to reduce the interface between assessing officer and assessee.
The stakes are significant for the BJP in this round as the party had in 2019 won an overwhelming majority of these seats, including all in Gujarat, Chhattisgarh, Bihar and Madhya Pradesh, that will go to polls on May 7.
In nearly 100 seats, the BJP stands almost no chance of winning. In 200 seats, it is a direct fight between the BJP and the Congress where the BJP has an upper hand. In 243 seats, the BJP is pitted against regional parties and it is not going to be easy. That is why 400 seats may end up as a pipe dream, states Ramesh Menon, author of Modi Demystified: The Making of a Prime Minister.
Bharatiya Janata Party leader Maneka Gandhi on Saturday indicated that her son Varun Gandhi's writings that were sometimes critical of the government may have cost him the party's Lok Sabha ticket from Pilibhit but asserted that he would do very well even without it.
Non-compliance, underreporting or misreporting will attract a penalty of 50-200 per cent. The authorities may during assessment even tax assets that are 15-20 years old
ITC was the top laggard in the Sensex pack, tanking 6.97 per cent, followed by L&T, HDFC, SBI, ONGC, ICICI Bank and IndusInd Bank.
The government notified the compliance window under the Act.
Led by the weak trend in the broader market, the market capitalisation of BSE-listed companies plunged Rs 1,65,437.91 crore to Rs 1,38,54,439.41 crore.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
Subramanian recommended five ways of financing additional expenditure over a period of one year, including cutting expenditure and borrowing directly from the RBI or monetising debt.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
rediffGURU Vivek Lala answers your income tax and personal finance queries.
Finance Minister Pranab Mukherjee on Monday said that revenue authorities have detected tax evasion of about Rs 1 lakh crore (Rs 1 trillion) during the past 18 months as a result of international cooperation as well as domestic surveillance.
TCS, Eicher Motors and Kotak Mahindra Bank have turned out be the fastest and most consistent wealth creators.
From the 30-share pack, 24 companies fell, with Yes Bank emerging as the top loser, dropping 8.36 per cent, followed by NTPC, M&M and Vedanta.
rediffGURU Ulhas Joshi answers your mutual fund queries.
The exhaustive list was uploaded on the official web portal of the department.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
The judge set aside the order of the principal district judge, Villupuram, acquitting Ponmudy and his wife in the case.
Indian IT companies like Tata Consultancy Services, Infosys, HCL Technologies and others have taken the buyback route to return some wealth to their shareholders, while potentially boosting their stock prices.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
The Income Tax return form seeks wealth information from professionals; experts feel the salaried should have been included.
The tax department will analyse mismatches in income declarations and spending patterns to trace tax evasions and black money.
'The barbell strategy says that the best way to strike a balance between risk and reward is to invest at the extremes of the risk spectrum.'
rediffGURU Kirtan A Shah answers your personal finance queries.
'We can go somewhere between 35 per cent and 40 per cent.'
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.
Notification, FAQs likely after FM Jaitley returns from the US
The Madras High Court on Tuesday declined to stay the trial court proceedings against AIADMK general secretary Jayalalithaa in the 1993-94 wealth tax case, pending before the Additional Chief Metropolitan Magistrate (ACMM).
Tax Guru Anil Rego answers your personal income tax queries.
"Reaching an international agreement on how large digital companies are taxed has been a priority for the chancellor since he took office," said a spokesperson for his UK treasury office. "The chancellor's consistent position has been that it matters where tax is paid, and any agreement must ensure digital businesses pay tax in the UK that reflects their economic activities. That is what our taxpayers would expect and is the right thing," the spokesperson said.
'To achieve a corpus of Rs 10 crores in the coming years, I would suggest you increase your SIP, advises Nikunj Saraf, vice president, Choice Wealth.
Hybrid mutual fund (MF) offers, expected to drive higher investor interest after the change in debt fund taxation, are set to end 2023 with the slowest account growth in the past three years. Investment accounts in hybrid funds are up 5.7 per cent so far in 2023 compared with 7.6 per cent in 2022 and 20 per cent in 2021, shows the data from the Association of Mutual Funds in India (Amfi). In 2020, the count had dipped 2.4 per cent.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
There has been a lot of talk about tax evaders stashing their wealth in tax havens around the world.
A term plan's premium is lower than that of a wholelife plan.
While the declarations under the scheme have to be filed by December 31, 2020, the government had in October extended the deadline for making payment by three months till March 31, 2021, in view of the ongoing Covid-19 pandemic.
The government, under the Finance Act, 2020, had allowed tax exemption for SWFs and pension funds in the case of incomes from investment in 34 key infrastructure sectors, including hotels, cold chains, educational institutions, hospitals, and gas pipelines.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
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