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Come clean on black money, there's room for a compliance window: Jaitley

Apr 06, 2015

Come clean on black money, there's room for a compliance window: Jaitley

Finance Minister Arun Jaitley today promised a "reasonable compliance window" under the new black money law for persons with overseas funds to come clean, even as he asserted that targetting undeclared assets cannot be termed as 'tax terrorism'. #Black money #Finance minister #Arun Jaitley #CII #undisclosed wealth
Sebi eases norms for domestic funds managing offshore money

Mar 22, 2015

Sebi eases norms for domestic funds managing offshore money

As per the existing norms, a fund manager who is managing a domestic scheme, is allowed to manage an offshore fund subject to three specific conditions. #Sensex #nifty #SEBI #Mutual Funds #BSE #PolicyWatch #Sovereign wealth funds #MSCI India Index #FPI Regulations
Wealth report reveals India's ultra rich top the world in realty investment

Mar 10, 2015

Wealth report reveals India's ultra rich top the world in realty investment

The world's richest are lapping up properties in the world's most expensive cities, pushing up prices of luxury homes, so much so that $ 1 million ( roughly Rs 6 crore) will buy you only 1033 square feet of prime property in Mumbai. #Delhi #Mumbai #Dubai #Knight Frank #Real estate #Wealth Report
Budget 2015: Draconian black money law won't work without one-time amnesty

Mar 02, 2015

Budget 2015: Draconian black money law won't work without one-time amnesty

The budget proposes tough - even draconian - laws to go after black money holders. But it may achieve little without also offering a one-time amnesty scheme so that the taxman can say "you were given a chance to come clean" #Arun Jaitley #Anti-money laundering #Black Money Amnesty Scheme #budget 2015 #Union Budget 2015 #Budget2015 #Illegal Wealth in Swiss Banks
Budget 2015 low on big bang reforms;  there's not much for housing

Mar 01, 2015

Budget 2015 low on big bang reforms; there's not much for housing

The budget has not provided any additional relief via increased income tax deduction limit or on repayment of housing loans. The regime on these fronts, which was announced during the previous budget from eight months ago remains unchanged. This is a disappointment, since there were expectation that the Finance Minister would further increase either or both of these limits and thereby address the reality of high property prices in India. #Arun Jaitley #Wealth tax #Real estate #Union Budget 2015 #Budget2015 #Real Estate Budget 2015 #Transpareny
Budget 2015: Wealth tax out, super rich will shell out 12% surcharge

Feb 28, 2015

Budget 2015: Wealth tax out, super rich will shell out 12% surcharge

The surcharge would now be 12 percent for individuals earning Rs 1 crore and above and companies with income of Rs 10 crore and above. "The rich and wealthy must pay higher taxes," Jaitley said. #Arun Jaitley #Wealth tax #Super rich #budget 2015 #Personal Finance Budget 2015 #Finance Budget 2015
Budget 2015: Address issues of entrepreneurs and startups; they create jobs and wealth

Feb 23, 2015

Budget 2015: Address issues of entrepreneurs and startups; they create jobs and wealth

The previous regime has done enough in wealth distribution. Jaitleys Budget 2015 must lead India towards wealth creation. #Entrepreneurship #Arun Jaitley #job creation #startups #wealth creation #Budget2015 #IT Budget 2015 #Economy Budget 2015
Black money chase: Cap on Cash-in hand at Rs 10 lakh, buys over Rs 1 lakh needs PAN

Jan 19, 2015

Black money chase: Cap on Cash-in hand at Rs 10 lakh, buys over Rs 1 lakh needs PAN

In a bid to check unaccounted wealth in the economy, the Income Tax Department is working out a number of measures which include capping the amount of money one can keep it home as well as making it mandatory to furnish PAN cards in case of high-value purchases. #Black money #Income tax #MoneyMatters #PAN #cash-in-hand #accounted wealth
Jaitley meets Jayalalithaa in first high profile meet after her bail in DA case

Jan 19, 2015

Jaitley meets Jayalalithaa in first high profile meet after her bail in DA case

Union Finance Minister Arun Jaitley met AIADMK supremo J Jayalalithaa at her Poes Garden residence late Sunday evening in the first high profile visit after the former chief minister was let on bail in a disproportionate wealth case. #Tamil Nadu #NewsTracker #Jayalalithaa #Arun Jaitley #disproportionate wealth case