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Amarpal Chadha

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If HUFs are abolished will govt's tax kitty swell?

HUFs are not used for tax evasion but for tax avoidance/to save the tax within the four corners of the law. Experts say that there will be little or almost insignificant change in tax revenues.......

Law panel wants tax benefits to Hindu Undivided Family abolished

The recommendation, if implemented, is likely to face opposition from the government's key support base among Hindu traders and businesspersons.Archis Mohan and Joydeep Ghosh report. IMAGE: A......

New ITR form: More pain for salaried employees

The new ITR forms have shifted the entire onus on taxpayers to prove their claim for deductions, expenses or exemptions.Tinesh Bhasin reports.Illustration: Dominic Xavier/Rediff.com The new Income......

Beware of fake income tax e-mails

If you receive an email claiming to be from the income tax department that there's an outstanding tax demand that you need to pay immediately, don't get alarmed.Get cautious, advises Tinesh......

War on black money is only half-won

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. On a November evening last......

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