It is far from clear that this GST will have the silver bullet effect that the "pure" GST would have provided, says Mihir S Sharma.
Jaitley sets condition of 50% assets for applicability of capital gain tax.
Reform ideas do not occur overnight and evolve over the years.
Exemption from minimum alternate tax for REITs & infrastructure investment trusts; Depository receipts on all securities eligible for tax benefit
The list of exempted goods from central excise duty has shrunk from 400 items in 2011-12 to 300 now.
India has a double-taxation avoidance pact with Singapore and more than 85 countries.
Tax department sends notices saying they are liable to pay MAT.
As per Indian tax laws, bonus in kind paid to the employees could be considered as salary income in the hands of the employees.
Today, the single most popular route of laundering is the stock market platform, notes Debashis Basu.
If any foreign account holder violates Indian laws, tax authorities can enforce repatriation of funds.
The government's plan to cut the corporation tax rate while phasing out exemptions may be sound, but it may not mean a reduced tax burden for India Inc.
The tax dept has served notices on about 36 foreign investors.
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To get what it thinks are its dues, its brass have directed; construction, realty, renting of property, personnel supply, security & goods transport among those under lens
No promoter is allowed to advertise, market, book, sell or offer for sale, or invite persons to purchase any plot, apartment or building, in a project without registering with the authority.
Directors that are shareholders will also face more problems.
Financial planning tips for the salaried in their 20s
Calculate the tax already paid via TDS, and accordingly arrive at your tax liability for the year.
If Prime Minister Narendra Modi fails to live up to the expectations that he has raised, it will be entirely his fault. He should have started by ending the IAS
Many exemptions make little sense, such as a monthly exemption of Rs 100 for college education and Rs 300 for hostel fees.
Another point of contention is the invoice issued by the e-companies.
Removal of mark-ups to be paid by Maruti, other changes could raise funding need to Rs 6,000 crore.
Although the markets could see a knee-jerk reaction, they rule out a sharp fall.
Supreme Court allows more instruments to use the biometric card.
To begin, the Budget has no doubt attempted to address uncertainty.
Experts say only three per cent individuals pay taxes.
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