While income tax notices may not be as exciting as the fake winning prize notices, they are real and the prize that you will receive
The CBDT is absolutely correct in stating that it was not the Kelkar 2002 task force that recommended the abolishment of the LTCG tax. It
LTCG on unlisted equity shares continued to be taxed after providing for indexation. The author has stated “that the LTCG formulation is not only flawed
One of the most puzzling proposals in the 2018-19 Union Budget was the imposition of long term capital gains (LTCG) tax. Finance Minister Arun Jaitley
Tax season is yet to really pick up pace in the country but tax scams are already hogging the headlines. Last month it was a
With less than a month left for revising income-tax (I-T) returns for 2016-17, the I-T department has unearthed a giant fraud in multiple cities, where
The change in long-term capital gains (LTCG) tax on equity coupled to the related tax on equity-oriented funds could lead to significant changes in investment
The recent buzz about Union Budget 2018 likely to be an election Budget, seems to be somewhat true. The Finance Minister, in his speech, paid
The reimposition of long-term capital gains tax (LTCG) on equity investments elicited mixed reactions, but most industry experts believe it will not have a significant
The Central Board of Direct Taxes (CBDT) has notified a new centralised communication scheme for serving e-notices to income tax-payers as part of the government’s
Budget 2018 didn’t make any changes in the tax rates or tax slabs for individuals and HUFs, which continue to remain the same for Assessment
Faced with a daunting target of Rs 10.05 lakh crore, the apex decision-making body for direct taxes, CBDT, has asked its field officers to step
Budget 2018 belongs to Bharat (rural India) with special emphasis being laid on welfare of farmers, the socially and economically weaker sections of the society.
Volatility in the Indian markets may continue for some time due to global reasons, but there are no issues of concern for investors in terms
Tax breaks availed by businesses under accelerated depreciation in 2016-17 are estimated to have cost the government more than the sum total of all deductions
Any error while arriving at estimated tax liability can impact your tax outgo. It is that time of the year when many will be pouring
The capital gains regime is due for a change and here are the reasons why — the extant law is complex, unwieldy, and far from
Fraudulently claiming tax refunds by misreporting income or showing false losses which reduce taxable income can attract heavy penalties. Section 270 of the Income Tax
Flipkart has lost an appeal against the income-tax department over the reclassification of marketing expenditure and discounts as capital expenditure, which involves substantial tax liabilities.
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