Feb 10, 2016 at 16:51 | Source: Moneycontrol.com
Rana Kapoor, MD & CEO of YES Bank expects that in Budget 2016 the finance minister Arun Jaitley will increase disposable incomes by relaxing personal income tax slabs to Rs 5 lakh from Rs 2.5 lakh as a one-time correction and thereafter as per inflation-linked indexation every three years.
Feb 08, 2016 at 13:51 | Source: Moneycontrol.com
The rate at which the short term capital gains are taxed in equity mutual funds, is punitive to small investors in 10% tax slab.
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.
Aug 28, 2015 at 12:33 | Source: Moneycontrol.com
Never confuse between pre-tax returns and post tax- returns. Also compare returns taking into account the tax slab the individual falls in.
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.
May 28, 2015 at 21:42 | Source: PTI
"The group has posted a (consolidated) net profit after taxes, Minority interest and Share of Profit/(Loss) of Associates of Rs 2562.60 million for 2014-15 as compared to Rs 3608.40 million for 2013-14," the company said in statement.
Apr 10, 2015 at 12:36 | Source: PTI
The court also stayed till May 25 proceedings before trial court against Subrata Roy, others, accused of not filing returns for a group company for 2013-14 assessment year.
Mar 27, 2015 at 11:00 | Source: Moneycontrol.com
Though there is a provision to deduct tax at the source of income, one must assess this tax position. Despite TDS, one may have to pay tax, if his tax rate is higher than the rate of TDS. One may also claim tax refund if TDS rate is higher than his tax slab rate.
Mar 18, 2015 at 16:53 | Source: PTI
The tax foregone - customs duty and central excise duty including rebate - under the SEZ scheme was Rs 10,440 crore in 2013-14.