With recent rate cuts, November collections could be even less
Breather for FIIs: MAT assessments, fresh notices put on hold.
If you receive an email claiming to be from the income tax department that there's an outstanding tax demand that you need to pay immediately, don't get alarmed. Get cautious.
Tax expert Anil Rego answers readers' questions about how Finance Minister Piyush Goyal's Budget affects you.
If your case is picked up for random scrutiny, any of the tricks that you or your financial advisor may have used to avoid tax will be easily detected.
'In practice, GST will increase the pain of compliance, if not the cost, a lot.' 'It also has clauses that offer scope to create a single market for corruption,' warns Devangshu Datta.
The Panama Paper leaks were originally revealed by the International Consortium of Investigative Journalists on April 4, 2016, following which, the government had set up the MAG to probe the matter.
Only 300 assessees came forward with disputed tax liabilities amounting to Rs 10,000 crore
Define ownership proportionately at the time of registration to ensure that you don't face problems on taxation front.
Don't let income tax come in the way of your long-term financial planning, says Ashish Vohra, Senior Director and Chief Distribution Officer, Max Life Insurance
Once the income has been classified as either business income or capital gains, be consistent.
The Rajya Sabha on Wednesday approved the biggest tax reform since Independence.
India has been able to attract 40 global smartphone makers to the country -- creating at least 50,000 jobs. But GST could hurt that, discovers Ayan Pramanik.
New government should consider reforming taxation rules.
The revelation that he declared a USD 916 million threatened to put the 70-year-old tycoon's tax records at the centre of the presidential campaign.
For supply rules, the location decides where goods or services will be taxed.
The constitution amendment Bill on a national GST is likely to be tabled in the current session of Parliament. However, the government is not confident of passing the Bill this session.
It is welcome that the government tried to make its intentions clear last week - especially as risk concerns return to global markets.
Is the curated and limited data put out by the central government sufficient enough to pass a judgement on the trend in GST collections, particularly that of the Centre?
This will add to the woes of the conglomerate that had received a show-cause notice from the Directorate of Revenue Intelligence (DRI) last week for alleged over-valuation of imported machinery by Rs 2,000 crore.
If the spouse is the guarantor of husband's business loans, banks can hold her liable for default. Here are ways to ring-fence her assets.
There are millions of taxpayers, all of whom are susceptible to this frustrating situation.
Business subsidies may attract tax
Face Rs 1,000-cr minimum alternate tax demand
Court cases likely over interpretation of the new levy proposed in the Budget for digital economy.
No mention of cab aggregators in GST bills
Yes, if you are planning to apply for a loan or want to claim refund
The corporate income tax breaks make up a relatively small part of $80 billion in business giveaways.
New ITR form may be simpler, but some changes could stump you.
The government has provided no official explanation behind the note ban that is backed by hard data, says Debashis Basu.
Barely 10% of small businesses are in a GST-ready position, say experts
With the implementation of the goods and services tax less than 75 days away -- assuming July 1 as the roll-out date -- Sudipto Dey provides a guide to how businesses can navigate the transition.
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.
The government notified the compliance window under the Act.
Let us take a look at some of the steps that are involved in getting your finances in order.
Notification, FAQs likely after FM Jaitley returns from the US
I-T department raises tax demand on them for unpaid tax deducted at source
It is important to celebrate when your first paycheck arrives, but is equally important to ensure that you take the time to learn some very important personal finance lessons, so that you can put your salary to work for you and grow a savings corpus.
The exemption from MAT does not apply retroactively.
The government can seek details from sellers such as sources of funds while buying.
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