Sep 30, 2016 at 12:36 | Source: CNBC-TV18
The response to the government's Income Declaration Scheme (IDS) for black money has been "beyond expectations", DS Saksena, Principal Chief Commissioner of Income-Tax Department, said even as he did not outline any numbers.
Sep 29, 2016 at 08:34 | Source: CNBC-TV18
Arvind Subramanian stands pat by his forecast that the Indian economy will grow by 7-7.75 percent in this year. In an interview to Business Standard, the Chief Economic Advisor said that the advancing of the Budget cycle will mean there will now be two surveys.
Sep 28, 2016 at 19:39 | Source: Reuters
The Indian government has sent out about 700,000 notices to suspected tax evaders to coax them to declare hidden income and assets, promising they won't be pursued by the authorities if they pay a penalty now to clear their name.
Sep 28, 2016 at 19:00 | Source: PTI
After ordering the Income Tax department to keep its offices open till the midnight ofSeptember 30 to receive declarations under the one-time domestic black money window, the CBDT today asked it to extend its working hours till 8 PM for today and tomorrow in this regard.
Sep 28, 2016 at 13:55 | Source: Moneycontrol.com
If there is an amount that is received from the spouse then this would not be considered as a gift as this is clearly covered under the definition of a relative.
Sep 28, 2016 at 12:52 | Source: Moneycontrol.com
There are reasons why an Indian investor goes overboard on realty investments. However, it is time to rethink the strategy.
Sep 27, 2016 at 19:31 | Source: CNBC-TV18
Speaking to CNBC-TV18 on the sidelines of International Tax Convention in Madrid Taxsutra's Arun Anandgiri, and noted tax expert TP Ostwal said the Income Declaration Scheme (IDS) has seen a sharp uptick in the last week.
Sep 27, 2016 at 16:34 | Source: Moneycontrol.com
Interest received on application money paid in public offers for stocks, bonds, NCD and rights issue is subject to income tax.
Sep 26, 2016 at 12:41 | Source: Moneycontrol.com
Many taxpayers see the return preparation and filing as an activity to be undertaken after the close of financial year. But it pays to start early and avoid last minute rush.
Sep 26, 2016 at 09:42 | Source: PTI
Life insurers, who are set to write to the Prime Minister seeking exemption from the new tax regime, feel that their premium income has remained stagnant since the industry was brought under service tax in 2012.