Income tax is nothing but a certain percentage of the income that taxpayers pay to the government so that this money can be used for development projects and for the betterment of the public overall. The division of income tax into categories and sub-categories, based on the amount of income and the age of the taxpayer is known as the …

Post the union budget, the one question on everyone’s minds is how an average salaried Indian will save taxes and maximize his or her income. We covered the budget yesterday in real time here and we also welcomed the tax breaks given to the average salaried Indian. Despite the tax breaks, however, the prevailing high rates of inflation demands that maximum …

Post the union budget, the one question on everyone’s minds is how an average salaried Indian will save taxes and maximize his or her income. We covered the budget yesterday in real time here and we also welcomed the tax breaks given to the average salaried Indian. Despite the tax breaks, however, the prevailing high rates of inflation demands that maximum …

Startups, as a rule, need a caring hand which guides them on the path of doing business and growing. In light of the recent union budget and the various incentives the central government has given to enrich the startup culture in India, we have prepared a small list of the various ways in which startups in India can get tax …

Startups, as a rule, need a caring hand which guides them on the path of doing business and growing. In light of the recent union budget and the various incentives the central government has given to enrich the startup culture in India, we have prepared a small list of the various ways in which startups in India can get tax …

The Income Tax department estimates that an astounding Rs. 3-4 lakh crore of tax evaded income, black money in common jargon, may have been deposited after demonetisation was announced on November 8 last year and Rs. 500 and 1000 currency notes were rendered illegal tender. The report comes in the wake of information that suggests 97% of the total money …

The Election Commission has sought to eliminate the flow of black money into the electoral process of the country, curb money laundering in general and reduce instances of huge undisclosed wealth by decidingto amend laws that allow tax-exempt contributions to political parties. The EC has asked the centre to ban anonymous contributions to political parties amounts equal to or more …

The government has on Wednesday asked all banks and post offices to report to the Income Tax Department of all deposits above Rs 2.5 lakh in savings accounts, as well as deposits exceeding  Rs 12.5 lakh in current accounts, made during the 50-day window till December the 30th  for depositing demonetised high-value notes. Banks and post offices now have to file a relevant statement …

One of the most speculated movies till date Baahubali has always been thetalk of the town along with buzz around the tinsel town for its production, direction, acting, in fact, everything. The magnum opus has always been a piece of curiosity, but this time the makers were in the news for entirely different reasons, and that is, Baahubali production unit’s …

Cairn Energy, one of Europe’s leading independent oil and gas exploration and development companies   has sought $5.6 billion in compensation from the Indian government for raising a retrospective tax demand of Rs 29,047 crore on 10-year old internal re-organisation of its India unit. The Edinburgh-based company demanded withdrawal of the tax demand, sighting the fact that India had failed to …

Cairn Energy, one of Europe’s leading independent oil and gas exploration and development companies   has sought $5.6 billion in compensation from the Indian government for raising a retrospective tax demand of Rs 29,047 crore on 10-year old internal re-organisation of its India unit. The Edinburgh-based company demanded withdrawal of the tax demand, sighting the fact that India had failed to …