Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Adjusted for inflation, the earlier scheme would have collected Rs 25,000 crore.
Corporate honchos from real estate sector to manufacturing to textile say the Budget does not have enough to help their sectors
'Gloom is nowhere in sight, with healthy foreign exchange reserves, a strong rupee, healthy tax collections, corruption and crony capitalism under check,' argues Gopal Krishna Agrawal.
Sources said Peerzada has been asked to come with all his financial documents to the taxman after the department took cognisance of recent media reports about his wealth being about Rs 3,000 crore (Rs 30 billion).
The tax department is working to ensure that there is no loophole in the compliance window.
Salil Dhawan explains why you must invest early in life.
Tax administration could be improved to reduce discretion and improve accountability
If someone does reduce his contribution, he should scale it back to the 12% level as soon as he can, suggests Sanjay Kumar Singh.
The Finance Ministry is likely to exempt assesses from sharing details of company sponsored foreign trips in the revised Income Tax Return (ITR) forms.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
Tehelka magazine said two years ago the German government had passed on the names and bank account details of 18 Indians who had invested their wealth in the LGT bank in Liechtenstein, a well-known tax haven.
Syed Firdaus Ashraf lists 10 ways in his life has improved under the first Modi Sarkar.
'Gold could return 10% to 12% in the next two-three years.'
The Porsche 911 RS is fast becoming a collector's item among India's high net worth individuals.
The Bill could be referred to the Parliamentary Committee for scrutiny
Against estimates of black wealth of Rs 300 lakh crore and black money in cash of Rs 3 lakh crore by economist Arun Kumar, the PMGKY numbers fall short by a huge margin.
Do not declare them under Income Tax.
The database for 'Non-PAN AIR transactions' has already been disseminated to Principal Chief Commissioners based on the regions.
The details are being shared with India on a 'spontaneous' basis and are different from the information sought earlier by the Indian authorities on the basis of 'leaked' or 'stolen' lists of certain banks.
'Every person is presumed innocent unless proved guilty in a court of law,' the statement said.
Indian economy was growing faster than the global average and all other major economies: FM
The 90-day compliance window has been provided for people to pay tax and penalty of 60 per cent on undisclosed overseas assets and come clean.
India's oldest stock exchange has created weekly, monthly, quarterly and annual price bands
Meg Whitman is the wealthiest women in the technology sector.
While the black money declarations may go up further once all the online and manual filings of undisclosed assets filed at the end of the four-month window on September 30 are compiled, the government will get this fiscal nearly Rs 14,700 crore or half of the total taxes due.
The Supreme Court-appointed Special Investigations Team on black money has also proposed that holding more than Rs 15 lakh in cash be made illegal for individuals and for companies, report Tinesh Bhasin and Sanjay Kumar Singh.
In further embarrassment for former Chief Justice of India K G Balakrishnan, the Income Tax investigation into allegations of amassment of wealth against three of his relatives, have found black money in their possession
Maradona's inheritance process is likely to be a messy affair between his large family, with eight children from six different partners
This is its biggest single session fall since August 24, 2015, when it had lost 1,624.51 points.
The perils mentioned here may seem few in number, but each of it encompasses an entire set of dangers posed by the free online tax filing offers.
People who observed the way his wealth and political clout grew say his fortunes hchanged once the ruling establishment handed him control of sand quarrying in Vellore and Kanchipuram districts after 2011.
'Everyone knows that you including your son won't be able to spend all the wealth that you have earned then why not at least pay the salaries of your employees,' the letter said.
Roland Folger has told the ministries concerned that they are cutting India off from the rest of the world by making it a highly protected market, the Mercedes Benz India CEO & MD tells Ajay Modi.
Amid the threat of yoga guru Baba Ramdev to go on a hunger strike on the issue of black money from June 4, the government on Wednesday said the series of steps taken by it to unearth unaccounted-for wealth have started yielding results.
These individuals largely include businessmen associated with companies, including the dummy ones, in sectors ranging from real estate, financial services, technology and telecom to paints, home decoration, textiles, engineering goods, gems and jewellery. Several of these persons and their companies are said to be based in Kolkata, Gujarat, Bengaluru, Delhi and Mumbai.
Conversion into jewellery during redemption would entail 15-20% wastage and making charges, rendering the scheme inefficient
The issue of black money has been a matter of great debate in India and Switzerland has been long perceived as one of the safest havens for the illicit wealth
The best way to curb gold demand is by reducing black money in circulation.
In fresh troubles for former Chief Justice of India Justice K G Balakrishnan, the Income Tax investigation wing has begun a preliminary enquiry into the allegations of amassment of wealth by his family members.
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