Clipped from: https://www.deccanherald.com/business/all-you-need-to-know-about-tax-on-gifts-994493.html For the purpose of Taxation, a gift refers to the receipt of a sum of money, property or something in kind, by any
Category: Income Tax
YOUR QUERIES: INCOME TAX: Can switch to old tax regime at the time of filing income tax return – The Financial Express
Clipped from: https://www.financialexpress.com/money/income-tax/your-queries-income-tax-can-switch-to-old-tax-regime-at-the-time-of-filing-income-tax-return/2271385/ Under the new concessional tax rate regime, individuals can offer their total income at lower slab rate prescribed, provided they forgo certain specified
Income Tax Alert! CBDT relaxes norms for forms 15CA & 15CB amid glitches on new e-filing portal – The Financial Express
Clipped from: https://www.financialexpress.com/money/income-tax-alert-cbdt-relaxes-norms-for-15ca-15cb-amid-glitches-on-new-income-tax-e-filing-portal/2271538/ The Central Board of Direct Taxes (CBDT) has granted relaxation in electronic filing of forms 15CA & 15CB in view of difficulties reported
How not to upgrade vital websites – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-editorial/how-not-to-upgrade-vital-websites/articleshow/83519845.cmsSynopsis One cannot transit to a new site, adopt a new process and introduce new features — and do many more consequent changes at
G7 Summit: Less than global leadership – The Economic Times
Clipped from: https://economictimes.indiatimes.com/opinion/et-editorial/g7-summit-less-than-global-leadership/articleshow/83490256.cmsSynopsis India must step up to the vaccination challenge The Carbis Bay communiqué of the G7, the seven richest countries led by the US,
Strong support for a global minimum tax – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/strong-support-for-a-global-minimum-tax/article34805669.ece?homepage=true But the OECD proposals could lead to major changes in tax rules, the implications of which businesses must study closely In October 2020,
Why G7’s global minimum corporate tax won’t work-times of india
Clipped from: https://timesofindia.indiatimes.com/blogs/Swaminomics/why-g7s-global-minimum-corporate-tax-wont-work/SA Aiyar Swaminathan S Anklesaria Aiyar is consulting editor of The Economic Times. He has frequently been a consultant to the World Bank and
What is insurance bonus – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/portfolio/personal-finance/simply-put-insurance-bonus/article34799406.ece A benefit for long-term investments Two neighbours’ daily routine of watering plants leads to an interesting conversation. Sindu: This mint family plant took only
How to choose between a long call and a short put – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/portfolio/commodity-analysis/how-to-choose-between-a-long-call-and-a-short-put/article34800314.ece It is important to estimate the speed at which the underlying is likely to reach its target In the past two weeks, we
What does rollover mean in futures contracts – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/portfolio/commodity-analysis/what-does-rollover-mean-in-futures-contracts/article34800369.ece Traders opt to rollover if they expect the existing trend, whether bullish or bearish, to continue Rollover in futures means closing out the
Should you invest in curated investment portfolios? – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/portfolio/personal-finance/should-you-invest-in-curated-investment-portfolios/article34798595.ece Such readymade baskets offer convenience and direct ownership, but they ain’t suitable for all If you are one of those investors who wish
Tax Query: Does a mother pay tax on money received from NRI son? – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/portfolio/personal-finance/tax-query-does-a-mother-pay-tax-on-money-received-from-nri-son/article34801359.ece My son is working in the Netherlands and sends me €300 every month. My son pays income tax on his salary there. I
All you wanted to know about NRI bank fixed deposits – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/portfolio/personal-finance/all-you-wanted-to-know-about-nri-bank-fixed-deposits/article34798186.ece?homepage=true Depositors should understand the nuances of taxability and repatriation rules for each product With central banks world over resorting to easy monetary policy,
My daughter has investments in dividend option of a mutual fund scheme. Should she inform the AMC about her NRI status? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/my-daughter-has-investments-in-dividend-option-of-a-mutual-fund-scheme-should-she-inform-the-amc-about-her-nri-status/articleshow/83433009.cmsSynopsis Every week, guest experts answer queries from readers of ET Wealth on various topics ranging from tax to investments to insurance and more.
Presumptive taxation- Section 44AD, 44ADA, 44AE–taxguru.in
Clipped from: https://taxguru.in/income-tax/income-tax-provisions-related-to-presumptive-taxation-under-sections-44ad-44ae-and-44af-in-a-brief.html Article discusses about Meaning of presumptive taxation scheme, Presumptive Taxation Scheme of Section 44AD, Section 44ADA, Section 44AE, For whom the presumptive taxation scheme of
Compulsory Complete Income Tax Scrutiny guideline for F.Y. 2021-22–taxguru.in
Clipped from: https://taxguru.in/income-tax/cbdt-issued-guidelines-compulsory-selection-returns-complete-scrutiny-f-y-2021-22.html Study of these guidelines may help taxpayer analyze, as to under which category it falls. Framework is categorized as under: 1. Cases related
Global tax, local complexities: What G7 corporate tax deal means for India | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/global-tax-local-complexities-what-g7-corporate-tax-deal-means-for-india-121061001492_1.html The recent G7 proposal of a global minimum tax has mixed implications for Indian corporations, foreign majors operating here and the tax authorities
Know how dividend income is taxed – The Financial Express
Clipped from: https://www.financialexpress.com/money/income-tax/your-money-know-how-dividend-income-is-taxed/2268936/ Equity dividends are taxed at the hands of the recipient in certain countries and not in others The counter viewpoint is that although
Investigation wing of Income Tax calls the shots in black money cases – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/investigation-wing-of-income-tax-calls-the-shots-in-black-money-cases/articleshow/83420816.cmsSynopsis The unusual move, which has surprised those suspected of having undisclosed foreign assets, is aimed to quicken tax collection and build a stronger
Not taxing anymore! Key things to know about new I-T e-filing website, Video Gallery – Business Standard
Clipped from: https://www.business-standard.com/multimedia/video-gallery/general/not-taxing-anymore-key-things-to-know-about-new-i-t-e-filing-website-126225.htm Not taxing anymore! Key things to know about new I-T e-filing website The Income Tax Department has finally launched its new e-filing portal
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