Domestic I-T laws require you to deduct tax on software, e-books and music albums; must report every such transactions while filing returns.
Tax rules that could land you in trouble
India is set to sign an agreement with the US to resolve transfer pricing disputes, which will then serve as a template for settling such rows with multinational companies based in the UK, France and other European countries.
The new Income Tax return forms are much simpler in many respects.
Rationalisation in taxation on the retirement scheme puts significant money in the hands of investors.
To save promoters from 10% levy, 70 firms call board meetings on interim pay.
The proportion in which a joint home loan is taken is important.
This move to make it easier for funds to avail of tax exemptions.
Last week, the government had introduced the black money Bill.
Firms that have a turnover of under Rs 1 cr can pay tax without maintaining books.
If the sum assured is less than 10 times premium, the proceeds will be taxed.
Relief would only be for unlisted companies; listed ones already have to prepare statements once a year.
The company has finalised a three year business plan to increase revenue and control costs.
Many hurdles that investors could have faced after enrolling for the scheme have been removed.
Budget smartphones will rule the market in 2015.
Preliminary investigations conducted by capital markets regulator Securities and Exchange Board of India and inputs from other regulators and government departments suggest that some brokers were offering structured financial products to their HNI clients under some portfolio investments schemes for high returns of 10-20 per cent.
This route accounts for Rs 2.75 lakh crore of FPI holdings.
Combined debt-equity ratio of top companies declines but interest expenses outgrow profits.
The disagreement between the Centre and states continued over administrative powers.
Arun Jaitley said he would put the DTC Bill in cold storage.
The adjustment orders for AY2012, are expected between January and March 2016.
Its officers would wear black bands on Monday, which is also Martyrs day, the IRS Association (Customs and Central Excise) has said.
The government has made employers responsible for verifying whether the claims filed are according to the law. Earlier, companies went only by self-declaration of employees.
The Supreme Court-appointed Special Investigations Team on black money has also proposed that holding more than Rs 15 lakh in cash be made illegal for individuals and for companies, report Tinesh Bhasin and Sanjay Kumar Singh.
Sebi directs freezing of all demat accounts not linked to Aadhaar by December 31
This is the first time airwaves in 700 Mhz band will be put up for auction
The broader markets ended mixed with mid-caps gaining 0.1 per cent and small-caps falling 0.1 per cent on the BSE.
Under the amended treaty with Mauritius, for two years beginning April 1, 2017, capital gains tax will be imposed at 50 per cent of the prevailing domestic rate.
Consensus seems a problem before the current session of Parliament ends.
Exemption from minimum alternate tax for REITs & infrastructure investment trusts; Depository receipts on all securities eligible for tax benefit
The development is expected to pave way for greater transfer pricing cooperation between the two countries, enhance investment flow
Cooperative societies get more tax benefits as compared to individual house owners.
When Taragauri Doshi's husband died, an assessing officer wanted to tax the proceeds from a life insurance policy that had been bought abroad. Homi Mistry, Mousami Nagarsenkar & Hiral Tanna explain why such proceeds are not taxable in India.
Bharti to spend Rs 1,600 cr for spectrum payout over 10 yrs; Telenor to service its own debt.
At least 200 investors have to furnish financial statements
Recent easing of restrictions does not address the pain in the sector.
Finance Minister Arun Jaitley takes a protectionist stance in favour of domestic companies, increases customs duty on certain products.
There will be higher charges for bank account-holders.
TRAI said that Internet service providers would not be allowed to discriminate on pricing of data access for different web services.
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