An NCD's credit rating will tell you whether risk possibility is high or low. Instruments rated below AA are regarded as high-risk.
Mihir Tanna, Associate Director, S K Patodia & Associates, answers your tax queries.
Phantom FDI refers to investments that pass through shell companies that have no real business activities and are tailor-made to cut tax liabilities.
Swiss banking giant Credit Suisse has pleaded guilty to the charges that it helped its American clients evade taxes and agreed to pay a penalty of $2.6 billion to avoid prosecution.
FATCA will facilitate flow of financial information between countries.
'You need to have enough funds to maintain the primacy of public transport and it should not suffer because of lack of funds.'
A government report revealed that fake companies floated with fake addresses, issued fake GST invoices and generated fake e-way bills, with fake vehicle registration details without supplying any goods causing huge loss to the exchequer.
'GST will bring in much needed transparency and higher investments in the coming years and we hope that a few percentage points to India's GDP.'
Finance Minister Arun Jaitley is likely to slash corporate tax rate by about one per cent and may put an end date for certain exemptions availed by the industry.
HSBC's Swiss bank routinely allowed clients to withdraw "bricks" of cash
The exemption from MAT does not apply retroactively.
Returns for income earned till FY12-13 can be filed till March 31.
Displaying 'ARMY' on private transport is an attempt to milk the respect and reverence that the common citizen has for a person in the armed forces, observes Colonel K Thammayya Udupa (retd). By writing 'ARMY' and displaying regimental insignias, we expect a few misdemeanours to be overlooked.
Policies to break down the business group format are far more likely to be effective, argues Simon Commander.
The National Stock Exchange (NSE) has made a fresh attempt at settling a regulatory investigation into the misuse of Trading Access Point (TAP) software at the bourse. The Securities and Exchange Board of India (Sebi) rejected a similar application in 2022. "NSE and its employees have filed a consolidated settlement application dated May 4, 2023, with Sebi.
Portfolio investors based out of the US and other countries with which India does not have favourable tax treaties will have to pay a 15 per cent tax on their derivative transactions, after the Budget decided to classify income from all foreign portfolio investment as capital gains.
It is possible that this experiment might see a rise in the Union government's cost incurred on tax concessions, without any increase in the tax base or coverage, says A K Bhattacharya.
If you have missed your tax filing deadline, there is not much to fret if your tax dues are fully paid, says Anil Rego
India told Mauritius that it will not take any decisions that will "adversely impact" bilateral relations while reassuring the country that amendments to the bilateral tax treaty would be made only after considering the legitimate interests of both sides.
Company analysts and tax experts say neither the foreign direct investment nor the portfolio investment by large institutions will be affected.
US IT industry has opposed Obama's move to tax overseas earnings.
US government lawyers decided to settle a tax fraud investigation of KPMG rather than pursue criminal charges.
Minimum taxes on foreign portfolio investors have been removed.
Mihir Tanna, Associate Director, S K Patodia & Associates, answers your tax queries.
India and the US inked a tax information sharing agreement under FATCA which will enable automatic exchange of financial information.
If not, an assessee might be charged interest for not paying TDS on time.
Long-term tax on capital gains arising from selling a house can be invested in another property under Section 54.
It is important to know the right details about your insurance policies while avoiding these mistakes, says Harjot Singh Narula.
Here are some facts about Rishi Sunak and his India connections.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
With digital technology, the I-T department's ability to catch tax evaders has increased many times.
The overall message to the middle class is: the days of freebies are over.
Moving the Finance Bill, 2012 for consideration and passage in the Lok Sabha, Mukherjee halved the capital gains tax for private equity investors to 10 per cent and relaxed the norms for arrest of persons involved in violation of Customs Act.
Authorities will allow the country's taxpayers to access the mutual agreement procedure (MAP) for cross-border disputes. This is even if they had settled the case under the direct tax dispute resolution scheme - Vivad se Vishwas - without deviating from the outcome of the scheme, said the Central Board of Direct Taxes (CBDT) on Monday. However, non-resident taxpayers, who opted for the resolution scheme, cannot go for MAP on the same issue, it clarified. MAP is an alternative dispute resolution mechanism under the tax treaties where competent authorities of two countries enter into discussions to resolve tax-related disputes.
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As of September, account for bulk of applications for availing of the government's amnesty scheme.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
With filing possible only online, there is no scope for any error.
Move could be a major relief to Vodafone.
Mihir Tanna, Associate Director, S K Patodia & Associates, answers your personal income tax queries.
If the finance minister's tax proposals have stimulated demand at all, it's for CAs, notes Kanika Datta.
