Donations to NGOs and charitable institutes are likely to be exempted from fringe benefit tax, a leading member of chartered accountants body ICAI said on Saturday.\n
Central Bureau of Investigation questioned the Income Tax officials, whose names were allegedly found in a register recovered from the residence of Chennai-based chartered accountant A Krishnamurthy
The amazing excuses given by people who don't invest their money abound, but you would be wise to ignore them. Excuses won't help you get ahead; they can only hold you back from the retirement you deserve, says financial planning advisor P V Subramanyam
The apex body of chartered accountants on Friday apprehended that the move by the Centre for empowerment to issue directions through amendment in the CA Bill could lead to loss of its autonomy.
Since employers can't furnish Form 16 in the middle of the year, they give Tax Computation Statement.
The Jharkhand Mukti Morcha leader had asked the ED to advance the date of appearance to November 16, which has not been agreed to by the agency, they said.
The chartered accountant appointed to investigate the bribery scandal of Xerox ModiCorp appears to have reached a dead end, with no evidence so far of any bribes having been paid by company officials to the government and has sought time till March.
Mihir Tanna, Associate Director, S K Patodia & Associates, answers your tax queries.
The Enforcement Directorate has filed its first charge sheet in connection with its money laundering probe against Chinese smartphone maker Vivo-India and some others, official sources said on Thursday. The prosecution complaint was filed before the court of Special Judge Kiran Gupta in New Delhi on Wednesday under the criminal sections of the Prevention of Money Laundering Act and Vivo-India has been named an accused apart from those arrested in this case, the sources told PTI. The judge posted the matter for consideration on December 13.
If you have any grievances or disputes regarding the demand stated in the notice, consider seeking professional help.
A bill will be brought in the assembly during the ongoing session, possibly this week according to sources in the cabinet.
Retail investors will soon have to obtain a net worth certificate from a chartered accountant and submit it to their broker, and their trading limits will be decided accordingly.
He also said that the players can come in a month early to Australia to fulfill the self-isolation rules.
After Parineeti Chopra and Aam Aadmi Party leader Raghav Chadha were spotted together on several occasions, rumours linking them have been doing the rounds.
In financial year 2020-21, the BJP declared assets worth Rs 4,990 crore, up by 21.17 per cent to Rs 6,046.81 crore in 2021-22.
The Reserve Bank on Friday superseded the board of the city-based Abhyudaya Cooperative Bank on concerns emanating from "poor governance" and appointed an administrator to manage the affairs of the lender. In what can be seen as a step that should allay depositors' concerns, the central bank did not put any restrictions or moratorium on deposit withdrawals because of the comfort it gets on the bank's finances, according to people in the know. "(The) action is necessitated due to certain material concerns emanating from poor governance standards observed in the bank.
Addressing chartered accountants on the foundation day of the Institute of Chartered Accountants in India, Modi also said CAs should take a pledge to bring people in the tax bracket rather than boasting about the number of clients they have saved from paying taxes.
Selling property below market value can lead to litigation. Tinesh Bhasin offers tips on how to avoid it.
Employers will now need to furnish detailed break-up of exemptions that an employee has claimed.
There are a number of steps taken that will leave more money in the hands of the taxpayers.
These include the reduction in tax rates under the new tax regime, increase in standard deduction, allowing tax collected at source to be adjusted against tax deducted at source from salaries, notes Harsh Roongta.
6 locations in New Delhi and 2 in Mumbai were raided.
Mihir Tanna, Associate Director, S K Patodia & Associates, will answer your personal income tax queries.
The agency will question Sisodia on various aspects of the excise policy, his alleged links with liquor traders, and politicians and claims made by witnesses in their statements.
Which is your favourite Lata Mangeshkar song?
Stock exchanges have increased scrutiny of investors domiciled in Sikkim, following reports of illegal routing of investments through the Northeast state to evade taxes. The National Stock Exchange (NSE) has directed its trading members (brokers) to re-verify and certify investors who have declared their permanent address as Sikkim. Further, brokers have been told to maintain a vigil on the location of devices used by Sikkim-based clients for trading to ensure these are genuine investors from the region.
The Institute of Chartered Accountants of India will soon ask the International Accounting Standards Board to upgrade India's ranking in terms of compliance with international accounting standards to positive from negative.
Sisodia said nothing was found against him during searches, and he would continue cooperating in the investigation.
rediffGURU Sushil Sukhwani offers expert advice about pursuing higher education abroad.
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