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It is not an easy task to decide whether to opt for an in-house payroll or to have an outsourced payroll. One wrong choice can cost you thousands of bucks. Since it is a complicated matter, a lot of questions need to be answered before making a final choice. In order to ease the decision-making […]
An initiative ‘name and shame’ was introduced by the Income Tax department, last year, which now witnessed a reform for this financial year. Under which from now the taxpayers of all category, who are defaulters of Rs one crore and above, their names will be published in the leading national dailies. Earlier, under this exercise, […]
The investigators in France have recently raided Google’s headquarters in Paris for some serious accusations of organised money laundering and aggravated financial fraud. After a long enquiry into Google’s taxation issues, the magistrates have disclosed that this tech giant is evading taxes as it hasn’t been able to give away the complete details of its […]
The Central Board of Direct Taxes (CBDT) has provided clarification in details related to the queries of the Income Declaration Scheme, 2016 which has been incorporated as the Chapter IX to the Finance Act 2016. This Scheme provides an ease and opportunity again to all the persons who have not declared their income correctly in […]
In order to extend the capital gains tax provisions of the recently-concluded tax pact with Mauritius, India needs to hold talks with Singapore on the renegotiation of the tax treaty.
Ever checked out your bill precisely every time you go and dine out in a restaurant? If yes, your food bill would certainly have been more than what you expected. And in a rush, you don’t even try to cross check for the charges levied and leave the restaurant after paying the bill. The scenario […]
Filing a NIL income tax return is not mandatory if your total income is below the basic exemption limit as per the Income Tax Act. But it is always recommended that you file an ITR if there is any source of income earned by you in a financial year. If you are finding the task […]
The Indirect tax collections witnessed the sharp rise in the graph of excise collection due to the increased excise duty on the petrol and diesel. An official statement expressed,”Indirect tax collections for the month of April 2016 was Rs 64,394 crore registering a growth of 41.8 per cent as compared to Rs 45,417 crore collected […]
In this post, we have discussed the income tax provisions for doctors that should be remembered with the tax presumptive scheme. Doctors, perform noble and busiest professions in the country. They work for approx 9×7 a week and maybe more to help the people in the fight with their sufferings. They really do not have […]
