
Sundaram Home Finance reports Q4 net at Rs 82 cr; deposits grow 35% to Rs 1,605 cr
Sundaram Home Finance registered disbursements of Rs 2,113 crore for year ending 31 March 2020 as against Rs 2,449 crore registered in the previous year.

Finance ministry's move to lower corporate tax will help broaden tax base and reduce distortions in system
Years before Finance Minister Nirmala Sitharaman's major announcement to slash corporate tax, the late Arun Jaitley — Union finance minister in 2016 — had promised that before the end of the NDA government's tenure, the Narendra Modi government will move to a single 25 percent corporate tax rate for all companies

Super-rich tax lacks teeth: Special treatment for dividend, capital gains take away its sting
Finance Minister Nirmala Sitharaman has steeply hiked the wealthy with a super-rich tax in Union Budget 2019

Income Tax Budget 2019: TDS on cash withdrawal is hardly a deterrent besides smacking of one-size-fits-all
Loss-making concerns would feel the heat of this new measure because TDS would lock up their funds

Jaypee Infratech creditors decide to put on vote NBCC's revised bid; homebuyers likely to favour state-run firm
On Friday, lenders had written to NBCC seeking clarifications on certain relief and concessions put forward by the public sector firm in its resolution plan.

Tax rebate under section 87A: Here's all you need to know about this 100% relief and who can benefit from it
If the householder happens to be supporting a very large family, he might not be able to save much in the tax-savings avenues

Coffee Day Enterprises will take 'required action' to get attached Mindtree shares released by I-T dept
Coffee Day Enterprises promoter V G Siddhartha, who owns about 21% stake in Mindtree, is said to be in advanced discussions with various entities to sell his shares in the IT company.

Haven’t yet filed Income Tax Returns? Last day today; hurry up and save late fee of Rs 5,000
Income Tax Returns will not be accepted unless you have paid the late filing fee.

Why reverse mortgage isn’t catching the imagination of India's elders despite income tax exemptions
Reverse mortgage was introduced in India by Budget 2007-8 with National Housing Bank (NHB) assigned the role of the pivot

GST: What is a composition scheme? Who can opt for it? What are the rates? A Cleartax explainer
To opt in for composition scheme a taxpayer has to file Form GST CMP-01 or GST CMP-02 with the government.

GST rollout: From MF investments to insurance, here’s how it will impact your money life
A comprehensive analysis of how the tax reform will impact your investments

Income tax returns filing to be simpler from 1 April; likely to ecnourage e-filing
Individuals with salary and interest income will have to fill fewer columns as some of these for claiming income deductions have been clubbed in ITR1 form called 'Sahaj'.

Union Budget 2017: One taxpayer owes 11% of income tax to be paid by all Indians, reveals data
An unnamed taxpayer owed the government Rs 21,870 crore for the assessment year 2014-15, which was 11% of income tax to be paid by all Indians, according to 2016 data, the latest available, from the Income Tax department.

Cars, flats as Diwali bonus: Surat trader's generosity could give staff a massive headache
The staff may have to pay advance tax should the cash salary be just not enough to permit the employer to put a large shovel into it by way of TDS

'Voda ignored CBDT advice with regard to tax liability'
The finance ministry says Vodafone "chose to ignore" the advice of tax department that its acquisition of Hutchison stake in the Indian telecom company Hutchison-Essar was taxable in India.