Selling property below market value can lead to litigation. Tinesh Bhasin offers tips on how to avoid it.
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.
Sisodia said nothing was found against him during searches, and he would continue cooperating in the investigation.
Mihir Tanna, Associate Director, S K Patodia & Associates, will answer your personal income tax queries.
Employers will now need to furnish detailed break-up of exemptions that an employee has claimed.
Guterres urged members of the Security Council to press to avert a humanitarian catastrophe and appealed for a humanitarian ceasefire to be declared.
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 two sides note that the relationship between Russia and China has progressed to a more advanced interstate cooperation compared to the military-political unions of the Cold War era as it is not bloc or confrontational in nature, nor does it target any third countries," Russia's new agency Tass quoted the document as saying.
Six Himachal Pradesh Congress MLAs who voted against party nominee Abhishek Manu Singhvi in the Rajya Sabha elections, along with three Independent lawmakers, have shifted to a hotel in Bharatiya Janata Party-ruled Uttarakhand amid an ongoing rebellion against Chief Minister Sukhvinder Singh Sukhu.
Which is your favourite Lata Mangeshkar song?
I am increasingly seeing young people starting 25-year-SIPs; these kids will definitely benefit from the long term effect of compounding, notes P V Subramanyam.
6 locations in New Delhi and 2 in Mumbai were raided.
'If you invest in sovereign gold bond, you are going to get the price rise of gold over an eight year period.' 'You're also going to get that two-and-a-half percent which the Government of India is willing to give you, treating the money that you've invested in the sovereign gold bond as a kind of a FD or a deposit.' 'That kind of return you can never get anywhere else.'
Defence Minister Rajnath Singh on Friday said that he wanted to join the Army but could not due to difficulties in his family.
Indian charitable trusts, including Tata Trusts and top corporate donors, are stumped by a new tax law proposed in the Budget, which reduces tax breaks for the donor organisations. The Finance Bill proposes that if a charitable organisation donates to another charity, then only 85 per cent of the donation will be considered as application of income for the donor organisation. Trust officials say this is a major setback for the donor organisations, including corporate foundations and intermediary organisations, which work with various implementing agencies at the grassroots level.
Finance Minister Nirmala Sitharaman on Monday said technical glitches in the new income tax e-filing portal will be largely fixed in the next few days and that she has been constantly reminding Infosys about the issue. "I have been reminding Infosys (the vendor which developed the new portal) constantly, and (Infosys head) Nandan Nilekani has been messaging me with assurances that next couple of days they will sort out majority of problems," she said. To a large extent, the system is far better than what it was in June but still some issues are there, she said.
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.
'I can feel the master's pain, because he must be sitting there and cursing and saying, 'Why was I born?''
Mihir Tanna, Associate Director, S K Patodia & Associates, answers your tax queries.
More than 60 people from Gujarat on board the Nicaragua-bound plane, which was sent back from France over suspected human trafficking, had agreed to pay Rs 60 lakh to Rs 80 lakh to immigration agents, who promised to cross into the US illegally after reaching the Latin American country, officials said.
The Supreme Court on Wednesday agreed to hear on March 24 a plea by K Kavitha, Bharat Rashtra Samithi leader and daughter of Telangana Chief Minister K Chandrasekhar Rao, seeking protection from arrest and challenging the summons by the Enforcement Directorate in a money laundering case arising out of the alleged Delhi excise policy scam.
Mihir Tanna, Associate Director, S K Patodia & Associates, answers your tax queries.
The move also comes against the backdrop of the embattled Mallya facing a case of loan default worth Rs 9,400 crore.
Mihir Tanna, Associate Director, S K Patodia & Associates, answers your tax queries.
An articulate ex-banker and a chartered accountant by training, Piyush Goyal is particular about numbers.
The current instability in the world is a result of long term systemic and socio-politico problems, points out Colonel Anil A Athale (retd).
Recorded versions or bhajans being recited by those present at the temples were played out at around 5 am to counter the morning azaan being recited on the loudspeakers.
Mihir Tanna, Associate Director, S K Patodia & Associates, answers your tax queries.
Ruia, a chartered accountant whose business ranged from sugar to textiles and heavy engineering to tyres, refused to comment on queries about his interest in Air India.
'Modi has sowed the seeds of a transformational change.' 'For the sake of the nation and our children I hope he succeeds.'
From FY18, Ind-AS will be mandatory for all listed entities, barring those listed on the SME platform.
rediffGURUS Hardik Parikh, Tejas Chokshi, Mihir Tanna and Sanjeev Govila answer your tax related queries.
While one can file an updated return, there are certain caveats, warns rediffGURU Mihir Tanna.
Mihir Tanna, Associate Director, S K Patodia & Associates, answers your tax queries.
ICAI has also imposed a fine of Rs 5 lakh on each of the three accused in Satyam case.
Premises of former Karnataka chief minister B S Yediyurappa's close aide Umesh were among those raided by Income Tax sleuths in the State on Thursday.
Management accountants are the conscious keepers of an organisation, says Charles Tilley, chief executive officer, Chartered Institute of Management Accountants (CIMA), UK. In conversation with Business Standard, he highlights how the profession of a cost accountant has evolved over the years to be known as management accountancy.
Mahesh Londhe, son of a Pune bhel vendor cleared CA in first attempt. Londhe, who was sponsored by Thermax CEO MS Unnikrishnan, now wants to take up a corporate job in a manufacturing firm
Mihir Tanna, Associate Director, S K Patodia & Associates, answers your tax queries.
Auditors seem to have developed a heightened sense of risk and are not content to tick the boxes and sign the papers.
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