Feb 21, 2017 at 15:14 | Source: Moneycontrol.com
Income tax authorities have specified deadlines for many actions. If you follow the rules, you stand to gain in terms of saving on income tax and peace of mind.
Feb 20, 2017 at 12:50 | Source: Moneycontrol.com
As a consultant you are required to pay a flat 10 per cent tax on income while an employee is taxed as per applicable slab, the highest being 30 per cent along with surcharge.
Feb 07, 2017 at 15:48 | Source: PTI
According to PwC, E7 economies comprising Brazil, China, India, Indonesia, Mexico, Russia and Turkey would grow at an annual average rate of almost 3.5 per cent over the next 34 years, compared to just 1.6 per cent for the advanced G7 nations of Canada, France, Germany, Italy, Japan, the UK and the US.
Feb 07, 2017 at 13:00 | Source: PTI
The four APAs signed yesterday pertain to the manufacturing, financial and information technology sectors of the economy. The international transactions covered in these agreements include contract manufacturing, IT-enabled services and software development services, an official statement said.
Feb 01, 2017 at 14:50 | Source: Moneycontrol.com
Minimum Alternate Tax is at present levied as an advance tax.
Feb 01, 2017 at 14:46 | Source: PTI
Breaking from the past, Finance Minister Arun Jaitley presented a historic Budget in which the railway budget has been merged and the date advanced by a month, retaining the 15 percent surcharge on taxable income above Rs 1 crore.
Jan 25, 2017 at 08:48 | Source: PTI
"EC's order on advancing the Budget is not acceptable. It is peculiar because how can Budget proposals exclude five states when the government decides to raise exemption limit of income tax for instance or announce agri loan waivers for small farmers?" CPI(M) secretary Sitaram Yechury told reporters here.
Jan 22, 2017 at 12:24 | Source: PTI
Expanding scrutiny of suspicious transactions post demonetisation, the government has begun analysing deposits in new accounts and loan repayments as well as transfers to e-wallets and advance remittance for imports during the last 10 days of deadline to turn in junked notes.
Jan 04, 2017 at 18:58 | Source: PTI
The tax department today signed three advance pricing agreements (APAs) with taxpayers as it looks to reduce litigation by providing certainty in transfer pricing.
Dec 15, 2016 at 20:56 | Source: PTI
Banks, led by market leaders State Bank and ICICI Bank, have fared poorly on the advance tax front in the third quarter, tempering growth rate to around 10 per cent from the nation's largest revenue zone.