The court of judicial magistrate first class Rahul Garg also imposed a fine of Rs 5,000 each on Prithi Singh a resident of Baghapurana and Amardeep Singh and Mithu Singh, both residents of Malke village.
The government could look at providing deductions for expenses incurred by salaried employees while working from home in the upcoming Budget as it looks to boost demand, consulting firm PwC India said on Thursday. Addressing a pre-Budget session, Pwc India senior tax partner Rahul Garg said demand creation is particularly focussed on money being given or left in the hands of the individuals.
Monetary hardship, partial vision loss and a parent's illness, could not stand in the way of 23-year-old Rahul Garg's success. Today, Rahul who is also a qualified CA and CS.
Whether or not such an overhaul will be carried out depends on the government's comfort level.
India and Singapore had in 2013 amended the DTAA to help exchange banking and tax-related information more effectively.
This is Tata's seventh investment this year.
If advance tax revenue fails to meet the expected growth, these PSUs could be asked to pay taxes on past demands raised against them.
'Genuine' share transfer gets relief; CBDT lists three scenarios where tax would be levied
I-T department is investigating 20 listed companies suspected to have falsely claimed long-term capital gains tax exemption
A committee on digitalisation headed by Andhra Pradesh Chief Minister Chandrababu Naidu had in an interim report recommended taxing cash transactions of at least Rs 50,000 to promote digital payments.
The I-T department will rely on data analytical tools and run models to separate black money holders and genuine taxpayers based on the large data base being shared by banks.
Taxability of LPG subsidy and other direct benefits paid directly into bank accounts of beneficiaries is unclear.
Amid persistent fear of prosecution and penalty, people across income classes are looking for ways to do away with stacks of higher denomination currency.
In the next few days, use credit/debit cards wherever possible or download your bank's mobile banking app or a mobile wallet.
There have been demands from a section of stakeholders that the long-term capital gains tax on equities be reimposed.
One of the key concerns of foreign investors is how the general anti-avoidance rule would apply in case an investor is availing benefits under double taxation avoidance agreement.
The founder of the e-commerce firm, which specialises in procurement of industrial products, believes if he plays his cards right, his company could become a unicorn with a valuation of $1 billion in 5 years.
In the previous Budget, the government had come out with a similar scheme.
iD Fresh Foods, India's largest ready-to-cook food manufacturer, is looking to create a Rs 1,000-crore business in the next five years.
While it was technically not possible to block the deal, the tax department could resort to arm-twisting.
On the face of it, there could be a bump up in tax filings, but its impact on tax collections is not that straightforward
The Central Board of Direct Taxes is set to rationalise I-T rules.
The rules will affect Indian companies that take most decisions about their foreign subsidiaries.
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