Tax Guru Anil Rego answers your personal income tax queries.
Did you know that the Government of India has granted certain tax exemptions to start-ups for a prescribed period?
Special judge Arvind Kumar issued notice to the agency and directed it to file a reply on Michel's plea, which had stated that he had not named anybody in connection with the deal during investigation by the ED and that even though the court has not taken cognisance of the documents, in order to make the entire case a sensation again in the media, the agency had leaked the chargesheet.
The Act envisages that the states and Centre will formulate specific rules for real estate regulation.
NRIs could run into difficulties if they possess discontinued currency notes amounting to a high value.
One indictment accuses Huawei of trying to steal trade secrets from T-Mobile, and of promising bonuses to employees who collected confidential information on competitors. A second indictment claims the company worked to skirt US sanctions on Iran.
Occasionally, a whistle-blower releases sensitive financial data.
The new law would boost home buyer confidence as well as investment in the realty sector.
Undisclosed overseas assets such as immovable property, jewellery, shares and art works will be valued at fair market price for the purpose of tax and penalty under the new black money law.
An overarching law governing public healthcare is a glaring gap in India's fight against the COVID-19 pandemic. In India it is left to individuals to quarantine themselves voluntarily. Moreover, the 123-year old The Epidemic Diseases Act, 1897, governs healthcare emergencies in India.
The Centre has refused to share copies of reports sent to it by the Uttar Pradesh governor and the government on Muzaffarnagar communal violence, saying it would impede probe, apprehension and prosecution of offenders.
Against estimates of black wealth of Rs 300 lakh crore and black money in cash of Rs 3 lakh crore by economist Arun Kumar, the PMGKY numbers fall short by a huge margin.
New ITR form may be simpler, but some changes could stump you.
Snowden, 33, is accused of violating the Espionage Act and theft of government property for leaking sensitive data to the media about National Security Agency's internet and phone surveillance.
Could this reluctance be tied to the family's projection of themselves as the last bastion of the aam-aadmi's interests? Do they fear that a full disclosure of their not-inconsiderable assets would go against their carefully-cultivated pro-poor image, wonders Saisuresh Sivaswamy.
Verdicts paving the way for construction of a Ram Temple at Ayodhya and India's multi-billion dollar Rafale fighter jet deal with France were 2019's landmark imprints of the Supreme Court, which also found itself at the centre of a controversy with then Chief Justice of India Ranjan Gogoi being accused of sexual harassment before getting the clean chit.
With big data analyses, your investments, spends and big purchases are being tracked more closely now by the income tax department.
A court has taken cognisance of the charge sheet filed by Delhi Police against 13 accused arrested in connection with the petroleum ministry document leak case.
Hasmukh Adhia to present revenue dept's performance over past year & plan for current financial year
Sahara accuses Mirach Capital of cheating, forging bank letter.
Government on Monday formed a multi-agency group to monitor exposes in this regard and vowed to take action against all "unlawful" accounts held abroad.
When an NRI returns to India, he should be aware of his tax residency status.
India has historically not had a strong compliance mechanism around insider trading. This is in stark contrast to developed countries.
A day before he committed suicide, former Corporate Affair DG B K Bansal had visited the Central Bureau of Investigation headquarters to submit Income Tax certificate showing that his son Yogesh had disclosed over Rs 2.38 crore of unaccounted income to tax authorities.
The new ITR forms have shifted the entire onus on the taxpayers to prove their claim for deductions, expenses or exemptions.
'People, whose sensitive information has been leaked by State agencies or companies having license from UIDAI to access the Aadhaar database, can file suits, collectively or individually.'
Nothing would please our adversaries if the court verdict sees triumphalism on the part of the majority and sullen anger of the minority, says Colonel Anil A Athale (retd).
Chidambaram mocked her with a tongue-in-cheek tweet.
Rajasthan Chief Minister Vasundhara Raje, who has been facing the opposition's pressure to quit in connection with the 'Lalitgate' may have survived the first salvo, but it remains to be seen how dexterously she manages the show in the coming days, says Prakash Bhandari.
The CBDT asks ministry of corporate affairs not to oppose its application to restore the companies struck off by the Registrar of Companies, as it would prevent the board from launching tax recovery proceedings against them.
Amid the raging row over National Herald case, the Congress on Sunday asserted that the allegations and "insinuations" against party leaders Sonia Gandhi and Rahul Gandhi are "deliberately orchestrated", "patently false" and "defamatory" as they have "not received a rupee".
The 80-year-old anti-corruption crusader, whose previous agitation propelled many leaders, including Delhi Chief Minister Arvind Kejriwal, to the national limelight has decided that those who wish to associate with him now will have to swear in an affidavit that they will not join politics in future.
PNB is fully committed to its clean banking policy. That is why we are the first one to detect and report this to the various law enforcement agencies," PNB's CMD Sunil Mehta said on Thursday.
The Budget has changed the rules for Indian citizens and persons of Indian origin visiting India. Instead of 182 days, the number of days has been reduced to 120. You will be treated as a resident of India for tax purposes if you stay in the country for more than 120 days in a financial year and 365 days in the past four years. One consequence of the change will be that people of Indian origin who reside outside India will be able to spend a smaller number of days in the country if they wish to keep their non-resident status intact, points out Sanjay Kumar Singh.
The Sahara group has accused Mirach of 'cheating and forgery'.
The Income Tax department has begun the process to examine bank deposits and transactions to check possible black money instances and said once the last opportunity to declare funds in old notes under the PMGKY scheme ends it will be very tough for hoarders.
Christian Michel's investigation in New Delhi has revealed nothing substantial, contrary to the expectations of the prime minister and the media hype. A fascinating excerpt from Raju Santhanam's The Untold Story of Christian Michel and Agustawestland.
After the Union comptroller and auditor-general saying there'd been a loss of Rs 10.67 lakh crore in allotment of coal blocks, the draft Request For Proposal (RFP) for new allocations has strong clauses for cancellation for breaches on this count.
Mallya offered to pay Rs 4,000 crore (Rs 40 billion) as settlement.
The Income Tax Return Form-1 (Sahaj) will replace the 7-page form, removing a plethora of columns on deductions from income claimed.
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