It has been just over a week since the new goods and services tax (GST) regime was introduced. It has already shown its potential as
Author: Anil R Tikotekar
More complications in filing income tax returns | Business Standard News–11.07.2017
Until recently, a person didn’t need to file a return if his taxable income was below Rs 2.5 lakh. But this year onwards, it doesn’t
GST: What is the way out for a small manufacturer under new tax regime | Business Standard News–11.07.2017
One of our firms is exclusively engaged in merchanting trade/third-country exports. We source products from Taiwan and Thailand and supply it to customers in Africa,
1.5 million jobs lost in first four months of 2017 | Business Standard Column
About 1.5 million jobs were lost during January-April 2017. The estimated total employment during the period was 405 million compared to 406.5 million during the
GST: Making sense of the changes in the Legal Metrology rules | Business Standard Column–11.07.2017
Last week the Ministry of Consumer Affairs, Food and Public Distribution amended the Legal Metrology (Packaged Commodities) Rules, 2011. A look at the key changes
Demonetisation, GST: Will small traders lose their ardour for the BJP? | Business Standard News–11.07.2017
Steadfast supporters of the Bharatiya Janata Party, Small traders have been bitten twice by its government in quick succession. In November, demonetisation sent them scurrying
GST impact on real estate: Rental income beyond Rs 20 lakh to attract tax – The Financial Express–11.07.2017
ental income from residential property has been exempt from GST but any earning over Rs 20 lakh annually from renting or leasing for commercial purposes
Alarm bells jangle over ₹6-lakh cr frozen in tax appeals | Business Line–11.07.2017
Revenue locked in appeals with Income Tax Commissioners across India rose in fiscal year 2016-17 to ₹6.11 lakh crore: that’s only marginally less than the
State levies and new inspector raj may spoil GST party – The Economic Times–10.07.2017
Auto companies cut prices after the rollout of the goods and services tax (GST) on July 1, but Maharashtra raised the onetime registration levy for
Oilmin to Finmin: Allow input tax credit on five products – The Economic Times–10.07.2017
Oil ministry has urged finance ministry to put in place a temporary system to allow oil companies to claim input tax credit until crude oil,
How to calculate capital gains and tax liability on inherited property–10.07.2017
The LTCG shall be computed as the difference between net sale proceeds and indexation cost of acquisition. Shobhana has inherited a non-agricultural plot worth Rs
GST basics: 7 misconceptions cleared–Economic Times–10.07.2017
GST only subsumes central and state taxes and the levies charged by local bodies are still outside its ambit. The rumour mills have gone on
Why your parents should create a will–Economic Times–10.07.2017
There are various companies that provide online services for making a will for a nominal fee. Given below are some important things you and your
Financial decisions your parents should take in their old age–Economic Times–10.07.2017
This is the first and most crucial step since the death certificate will be required at all the financial institutions. Goodbyes are the hardest when
Unfinished agenda of rolling out GST–Economic Times–10.07.2017
A major tax reform such as the goods and services tax (GST) is bound to have teething problems. This was fully anticipated and taxmen at
The world moves on, sans US leadership–Economic Times–10.07.2017
The G20 process was initiated with American leadership, when President George Bush convened the first gathering of the world’s 20 largest economies, following the outbreak
GST: What is the way out for a small manufacturer under new tax regime | Business Standard News–10.07.2017
One of our firms is exclusively engaged in merchanting trade/third-country exports. We source products from Taiwan and Thailand and supply it to customers in Africa,
A GST that could get better with time–Business Standard–10.07.2017
Much to the government’s relief, the first few days after the roll-out of the goods and services tax (GST) have seen very little disruption in
The buy side in bankruptcy process–Business Standard–10.07.2017
The main focus of the Indian bankruptcy reform has been on the sell side: On creating conditions where lenders eject shareholders and put a firm
Demonetisation, GST: Will small traders lose their ardour for the BJP? | Business Standard News–10.07.2017
Small shopkeepers Steadfast supporters of the Bharatiya Janata Party, Small traders have been bitten twice by its government in quick succession. In November, demonetisation sent