Sabka Vishwas Scheme gaining traction; over Rs 5,000 cr dues declared so far
Finance Minister Nirmala Sitharaman had unveiled the Sabka Vishwas (Legacy Dispute Resolution) Scheme, 2019 with the objective of settling pending disputes of Service Tax and Central Excise in the budget. A mid-term review reveals that a total amount of Rs 5,472 crore inclusive of pre-deposit amount of Rs 4,225 crore has already been declared under the scheme.
Tax optimiser: NPS, LTA claim can help salaried Gupta cut tax by Rs 4 lakh
Not only should you ask your employer for the NPS benefit, but you...
Income Tax task force report suggests complete rejig of tax slabs, saving govt Rs 55,000 crore
The current Income Tax rates are 5 per cent pl...
Income Tax department raids onion traders from Lasalgaon
The raid comes amid ballooning onion prices which have touched Rs 80/kg to Rs 90/kg as incessant rainfall in Maharashtra, the top onion producing state of the country, has delayed harvest and also damaged the quality of the kharif crop. The average wholesale prices at Lasalgaon market have been ruling around Rs 45/kg.
I-T department busts Rs 3,300-crore hawala racket involving infrastructure firms
The raids to unearth the large tax evasion nexus were conducted in the first week of this month on 42 premises in Delhi, Mumbai, Hyderabad, Erode, Pune, Agra and Goa on a group of people indulging in issuing bogus bills and carrying on hawala transactions. Hawala denotes illegal transaction of funds by skirting the legal banking channels.
Tax fears keep family offices at bay from investing in India despite Sebi leeway
Sebi recently announced operational guidelines for FPIs and depository participants.
Adani Ports & SEZ Q2 profit surges 73% to Rs 1,059 crore on one-time tax benefit
Revenue for the quarter rose 8.1 per cent to Rs 2,821.60 crore from Rs 2,608.01 crore
Mid, smallcap-focused PMSes played catch up with largecap peers in Oct amid tax cut-fuelled rally
Just one out of every 10 PMSes could deliver over 5 per cent return for the month.
How can I avail tax break on interest income earned on RD, monthly income schemes and NSC?
Under Section 80TTA, you can claim a deduction of up to Rs 10,000 on savings bank/post office deposits. Interest earned on post office RD and NSC is eligible for exemption under Section 80C within the overall limit of Rs 1.5 lakh in the years.
How India's game-changing tax bypasses the farmer
Indian farmer's plight has changed little even under GST that aims to revolutionise all kinds of businesses.
Equitas Holdings' NIM stable, disbursements up quater-on-quarter: PN Vasudevan
There was an increase in the vehicle finance credit cost in the second quarter.
Chalet Hotels reports profit after tax of Rs 10.3 crore for Q2FY20
The chain's retail F&B outlet The Orb now has 15 outlets open as of October 2019.
MNC Digital companies may face a minimum level of tax
Multinational technology and digital companies may have to cough up a minimum level of corporate tax. The OECD seeks to use financial accounts as a starting point for determining the tax base and provide guidance to MNCs.
Tax doubts may keep big FPIs away
The Securities and Exchange Board of India recently announced operational guidelines for FPIs and depository participants.
How are Mutual Funds taxed?
Investors, who have a mutual fund portfolio, must have a good understanding of how their returns are taxed. The illustration above gives a quick summary of a...
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