Tax evasion is not a modern concept since it traces its origins back to when the concept of taxation emerged…
Low tax compliance is a matter of serious concern in developing countries, limiting the capacity of their governments to raise…
The Income Tax Act provides that losses can be carried forward only if the return has been filed within the…
In order to address the issue of black money, the government banned cash transactions of Rs 2 lakh and above…
One should put the various tax deductions, benefits and exemptions to best use to minimise tax liability. Year-end tax planning…
Insolvency is a state or condition of a person who is unable to pay his debts.
The financial year is almost coming to its end and many investors will seek various avenues in order to save…
DEMONETISATION of high-value currency notes was done to clamp down on black money, among other things. As a fallout of…
While finance minister Arun Jaitley duly recognised the contribution of the salaried class to tax revenues in his Budget speech,…
The income tax department is sitting on voluminous data collected by banks and financial institutions after the demoneti- sation drive.
Demonetisation will have its share of benefits for the economy, apart from boosting government coffers.
TAX smart cash hoarders may feel that there are ways and means of playing around with the provision of law…
The government passed the Black Money Act to nab those with undisclosed foreign income, then offered income declaration schemes, and…
With a huge amount of money flowing into the banking system after demonetisation, the government has tightened its grip on…
Impact of demonetisation shall be different for those with tax-paid cash savings and those dealing in black money
In order to reduce the quantum of cash transaction in any goods and services, the Finance Act 2016 expanded the…
Over the years, the format of the income-tax return has evolved and the forms available today provide for declaration of…
Taxes withheld on salaries is based on the investment declaration filed by the employee at the start of the year.
