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.
Jan 06, 2016 at 17:54 | Source: Moneycontrol.com
Though senior citizens need not pay advance tax, they have to account for income tax and pay it. Also they are expected to file income tax returns, as per rules.
Dec 09, 2015 at 11:05 | Source: PTI
The illegal capital outflows stem from tax evasion, crime, corruption and other illicit activity, the report said, according to which a record USD 1.1 trillion flowed illicitly out of developing and emerging economies in 2013, the latest year for which data is available.
Dec 02, 2015 at 21:19 | Source: PTI
The Global Forum established an AEOI group in consequence of the G20 Leaders' Declaration in September, 2013 with a view to establish a mechanism to monitor and review the implementation of the new global standard on automatic exchange of information.
Nov 06, 2015 at 08:15 | Source: Reuters
A majority of lawmakers in the 300-seat parliament approved a bill which improves on previous legislation for the calculation of pensions, forces Greece to comply with EU energy efficiency rules, lifts obstacles for the sale of Greece's largest port and scraps tax breaks for farmers.
Aug 18, 2015 at 12:27 | Source: Moneycontrol.com
You have to account for tax deducted at source, while computing income tax payable and accordingly file your income tax returns
Jul 29, 2015 at 14:56 | Source: PTI
The NDA government has proposed some changes to the 2013 Land Act through an ordinance in December last year. The bill to replace the ordinance was passed by Lok Sabha but could not be put to vote in the Rajya Sabha where the BJP is in minority. Hence, the ordinance was re-promulgated twice.
Jul 22, 2015 at 13:16 | Source: Moneycontrol.com
TDS on recurring deposits makes investors either submit the exemption forms if there is no taxable income. In case of TDS on RD, they may have to revisit their tax calculations and accordingly pay tax