The department apparently suspects the use of shell firms or front entities in some aspects of such remittance. Money might, it suspects, have moved in some cases from tax-free jurisdictions or tax havens to accounts in the UAE and some South Asian countries.
According to experts, declarations can be made with regard to capital gains or business income, which have escaped assessment
To decide whether capital gains on surrender of call options are taxable
Four states - Karantaka, Kerala, Odisha and Rajasthan - were in the top performers' category.
'The promises of netas and babus and new laws, however well-meaning, mean little.' 'What matters is implementation on the ground.' 'Every law is finally implemented by a vast army of offici
Lending and borrowing of securities for short-selling at stock exchanges will not attract Securities Transaction Tax or capital gains tax.
In a major crackdown on domestic shell companies, the government on Friday decided to take "harsh punitive" action, including freezing of their bank accounts used to launder money or evade taxes.
Finance ministry lines up major plans to be implemented within three months.
From July 1, retail investors can offer stocks through exchanges for de-listing, buyback and open offers
Get Ahead Tax expert Mahesh Padmanabhan on short term and long term capital gain tax issues arising out of selling your old home and buying a new home.
'The introduction of a tax on LTCG will be a deterrent for foreign investors and could potentially result in a movement of trading activity away from India to other offshore jurisdictions such as Singapore, which offer better tax rates and sophisticated financial products.'
Thus far in 2017-18, FIIs and MFs have invested Rs 198.91 billion and Rs 1,119.49 billion in the Indian equity markets. Of this, around Rs 152.46 billion has come in January alone.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
During the meeting with Finance Minister Nirmala Sitharaman, it was also suggested that employees' provident fund should increase its exposure in the stock market, which in turn would improve liquidity.
Seeks capital gains tax payment prior to FIPB clearance.
Experts are betting big on the clause that talks of capital gains.
With the introduction of 10 per cent tax both on long-term capital gains and on dividend, choose funds based on investment horizon and risk appetite, not on tax advantage, experts tell Sanjay Kumar Singh.
Business Standard brings to you the many different numbers of crorepatis that are floating around.
Buying a new flat by selling an old one allows you to get tax exemptions, but there are some conditions that need to be fulfilled.
Mahavir Chopra compares mutual funds and Ulips to help investors decide.
Gold monetisation scheme will help unlock value of gold.
In simple terms, it refers to a deduction allowed in income tax, irrespective of expenses incurred or investment made by assessees.
The recently approved government scheme provides both liquidity and returns.
Use of the incorrect form will result in your return being treated as defective, points out Suresh Surana, founder, RSM India.
'It is advisable to invest in them early in life and stay invested for a longer period to achieve long-term goals and accumulate wealth.'
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Instruments such as Reits, InvITs, unsponsored GDR, GIFT find few takers.
While seniors seeking a regular income should switch to debt funds from balanced funds, younger investors should invest in balanced funds after understanding their risks.
At face value of Rs 2,893 and interest payout of 2.5 per cent, sovereign gold bonds offer best route to invest in yellow metal, says Tinesh Bhasin
In the 2020-21 Budget, the prime minister and the finance minister are keen to stamp their narrative, after various rollbacks following the previous Budget, said top government sources. Besides the scheduled meetings, the sources said, the Prime Minister's Office is expected to hold several meetings with top secretaries and officials on various ongoing schemes, their performance and also how some of them could be tweaked for better results.
If you missed the primary market bus but still want to invest in Sovereign Gold Bonds, then feel lucky.
Rates on tax-free bonds are linked to government securities.
The trick is to know how long you are supposed to hold which document, observes Bindisha Sarang.
Most of the individuals hail from Mumbai, Kolkata, Ahmedabad, Surat, and Delhi
Officials say telco still keen on process.
Budget 2018 bears imprints of a government unsure of second term with clear majority, says Shekhar Gupta.
Nearly 100 foreign funds have been asked to cough up an estimated $5-6 bn.
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