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Aberdeen gets MAT relief: Bombay HC stays tax notice slapped on fund house

May 06, 2015

Aberdeen gets MAT relief: Bombay HC stays tax notice slapped on fund house

Tax experts are divided on whether the court's action will provide a major relief for the foreign investors #Income Tax Department #Arun Jaitley #FII #FPI #MAT #Aberdeen
Black money: IT department files 121 cases against HSBC's Geneva account holders

May 01, 2015

Black money: IT department files 121 cases against HSBC's Geneva account holders

The Income Tax department has filed 121 cases of prosecution against those entities whose names have appeared in the HSBC Geneva bank list, Finance Minister Arun Jaitley said on Friday. #NewsTracker #Supreme Court #Arun Jaitley #HSBC #Income tax #Geneva #Undisclosed Foreign Income
'Tax terrorism' ends? Jaitley offers relief to MAT-hit FIIs, vows 'extremely simplified' ITR form

May 01, 2015

'Tax terrorism' ends? Jaitley offers relief to MAT-hit FIIs, vows 'extremely simplified' ITR form

Seeking to calm investor jitters, Finance Minister Arun Jaitley on Thursday offered tax relief to FIIs by exempting some of their income from MAT and announced that an "extremely simplified" income tax return form will soon replace the controversial 14-page ITR that sought details of all bank accounts and foreign trips. #RBI #NewsTracker #Arun Jaitley #Income Tax returns #ITR #Pradhan Mantri Jeevan Jyoti Bima Yojana #Finance Bill 2015

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BJP win lifts markets, but road to economic recovery may be long

Dec 10, 2013

BJP win lifts markets, but road to economic recovery may be long

The function of the markets is to believe what it wants to believe. A bear market factors in only the worst even if there are some signs of turning around. A bull market factors in the best, even if the signals are unsustainable. #Economy #Stock market #GDP #BJP #ToWhatEffect #Indian rupee #Lok Sabha elections #tax revenue
India Inc sees higher limits on tax-saving investments in Budget

Feb 20, 2013

India Inc sees higher limits on tax-saving investments in Budget

Survey of 300 firms shows requirement of a less litigious tax regime is also key expectation #India Inc #Grant Thornton #tax-saving #Budget Expectations #Budget 2013 #Super tax