Jul 19, 2016 at 17:36 | Source: PTI
The amount foregone (direct tax) is estimated at Rs 93,047 crore in 2013-14; Rs 1,18,593 crore in 2014-15; and Rs 1,28,639 crore in 2015-16, Minister of State for Finance Santosh Kumar Gangwar said in a written reply to Rajya Sabha.
Jul 13, 2016 at 15:26 | Source: Moneycontrol.com
Starting 1 April 2016, more than 1,000 companies will report under the new International Financial Reporting Standards (IFRS) converged accounting standards: Indian Accounting Standards (IND AS).
Jul 11, 2016 at 17:11 | Source: Housing.com/news
A holding period of 36 months is crucial for a person to be able to claim tax benefits associated with long-term capital gains. Long-term capital gains give a property seller the benefits of indexation, R
Jun 28, 2016 at 17:02 | Source: PTI
The IMF has cleared immediate disbursement of USD 501 million to Pakistan, takingthe total amount given to the cash-strapped country to USD 6.1 billion in since 2013
Jun 21, 2016 at 14:24 | Source: PTI
The number of non-filers with potential tax liabilities has risen from 22.09 lakh in 2014 to 58.95 lakh in 2015. Non filers in 2013 were 12.19 lakh.
Jun 12, 2016 at 14:52 | Source: PTI
The Securities and Exchange Board of India (Sebi) was asked way back in January 2013 by the Service Tax Department that "services tendered by Sebi" were liable to tax.
May 09, 2016 at 16:58 | Source: PTI
Offering the "final opportunity", the department has said taxpayers whose refunds and tax issues are pending for assessment years (AYs) 2009-10, 2010-11, 2011-12, 2012-13, 2013-14 and 2014-15, should immediately authenticate their Income Tax Returns by using either the electronic verification by Aadhaar or bank account-based facility
Feb 29, 2016 at 15:02 | Source: PTI
Under the gold bond scheme, investors are given the option to buy bonds in denominations of 5, 10, 50 or 100 grams for a term of 5-7 years with a rate of interest to be calculated on the value of the metal at the time of investment.
Feb 23, 2016 at 14:02 | Source: Reuters
While lower purchases by the world's second-biggest consumer could dent the current rally in global bullion prices, it would mean relief for the Indian government which has been struggling to curb gold imports that cost the country USD 36 billion in 2015.
Feb 15, 2016 at 17:19 | Source: PTI
The instruction to DRI comes on the heels of US-based think-tank Global Finance Integrity stating in a report that India had fourth largest outflow of black money in the world with a whopping USD 51 billion being siphoned out every year between 2004 and 2013.