Exemption limits, standard deduction on radar.
Despite a slowing economy, the Budget does not envisage any major stimulus through the budgeted fiscal deficit figures, said Goldman Sachs.
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Cairn India said it has always been fully compliant with all Indian income tax laws.
Rediff reader Murali Krishnan Ambati, 47, from Bengaluru shares an interesting formula to save money.
If a salaried employee does not possess Form 16, he can still file the I-T Return with the help of his salary slips and Form 26 AS.
Those spending over Rs 2 lakh on foreign travel, incurring more than Rs 1 lakh electricity bills, or depositing over Rs 1 crore in current account will have to mandatorily file ITR even if their total income is below the taxable limit. The last date for filing has been extended to Nov 30 from Jul 31.
RNOR status is a sub-set of the Resident Status.
The S&P BSE Sensex ended down 156 points at 25,597.
Searches are being conducted in connection with a case of alleged tax evasion.
'The fact that you did not receive the rent through a bank will not take away the taxability of the rent in your hands.'
Signing of the pact will hopefully end stock market uncertainty that came with the mention of the M-name
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.
A strong start-up ecosystem can propel investment, jobs, and demand creation, and for that, substantial growth capital is required.
Commerce and Industry Minister Piyush Goyal urged start-ups to focus on three Ps - product, process, people - for building Aatmnirbhar Bharat.
Finance Minister Nirmala Sitharaman said: "This will cover 99.3 per cent of the companies. Now only 0.7 per cent of companies will remain outside this rate."
The remaining 0.35 per cent will be credited in December this year, if the EPFO is able to redeem its equity investments.
Treaty shopping by investors to be over if island nation budges on capital gains tax.
Ajit Mishra, Vice President, Research, Religare Broking, answers readers' queries on stocks they own or want to buy.
'There is no need to do anything, let your SIPs get deducted every month, and stick to your allocation between equity, fixed income and emergency funds and your risk covers.'
The Modi government is notoriously honest about one fact: It does not listen to economists, observes Shekhar Gupta.
'It could take at least a couple of years for his case to go through the entire run of the British judiciary.'
Sooner the investors shift, the better it is as a majority of equity funds have single-digit returns since January 31.
This may benefit high net-worth individuals who use the services of portfolio managers to sell and buy securities.
Mauritius wanted extension of the benefits limitation clause in India's treaty with Singapore, which we were quite willing to extend, for our price
Debashis Basu lists various reasons why laundering through the stock market thrives.
Cooperative societies get more tax benefits as compared to individual house owners.
Budget 2016 may hold some answers to start-up cooncerns.
Every option before the finance minister comes with a price tag, observes T N Ninan.
Retrospective claims may not stand the test in international courts.
Tendering the shares in an open offer will lead to higher taxation.
Section 54EC bonds give positive returns, despite a lock-in and tax on interest income.
Several of the mutual fund schemes have plans like dividend, growth and bonus.
Systematic withdrawal plans in equity funds can spell trouble in a falling market, points out Deepesh Raghaw.
Do you know how the fringe benefit tax is calculated on your ESOPs? Get Ahead tax experts Mahesh Padmanabhan explains.
Breather for FIIs: MAT assessments, fresh notices put on hold.
Government auditor CAG on Friday pulled up the Income Tax Department (ITD) for allowing irregular tax exemption to two Tata trusts involving tax implication of over Rs 1,000 crore (Rs 10 billion).
The revenue department had sent notices to FIIs.
After the IT giant declared a bonus, investors selling shares may have to shell out 4-5 times more tax
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